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Daily Dispatches
An $814 million mystery near the heart of the biggest bitcoin exchange
Submitted by cpowell on Tue, 2017-12-05 08:59 Section: Daily DispatchesBy Matthew Leising
Bloomberg News
Tuesday, December 5, 2017
Among the many mysteries at the heart of the cryptocurrency market are these: Does $814 million of a digital token known as tether really exist? And what is tether's connection to Bitfinex, the world's biggest bitcoin exchange?
People have spent over $1 million buying virtual cats on ethereum blockchain
Submitted by cpowell on Mon, 2017-12-04 22:27 Section: Daily DispatchesBy Fitz Tepper
Tech Crunch, San Francisco
Sunday, December 3, 2017
Launched a few days ago, CryptoKitties is essentially like a digital version of Pokemon cards but based on the ethereum blockchain. And like most viral sensations that catch on in the tech world, it's blowing up fast.
Bullion Star's November charts show gold demand rising in China, India, Russia
Submitted by cpowell on Mon, 2017-12-04 20:10 Section: Daily Dispatches8:09p ET Monday, December 4, 2017
Dear Friend of GATA and Gold:
Bullion Star's gold market charts for November, posted today, show rising demand for the metal in China, India, and Russia. The charts are posted at Bullion Star here:
https://www.bullionstar.com/blogs/gold-market-charts/gold-market-charts-...
CHRIS POWELL, Secretary/Treasurer
Russia-China bond market play could start a dollarless financial system
Submitted by cpowell on Mon, 2017-12-04 13:11 Section: Daily DispatchesFrom Russia Today, Moscow
Monday, December 4, 2017
The Moscow stock exchange will soon issue nearly $1 billion of yuan-denominated bonds. It could become the start of a new financial system not based on the U.S. dollar, analysts say.
World Gold Council plans another ETF
Submitted by cpowell on Mon, 2017-12-04 13:03 Section: Daily DispatchesNew Physical Gold ETF Filed
From ETF.com, New York
Monday, December 4, 2017
The World Gold Council has filed for a new physical gold ETF. The Gold Trust will be very similar to the $35 billion SPDR Gold Trust (GLD), the world's largest gold fund, but with key differences.
CBOE and CME battle for bitcoin futures bragging rights
Submitted by cpowell on Mon, 2017-12-04 12:59 Section: Daily DispatchesBy Philip Stafford
Financial Times, London
Monday, December 4, 2017
Chicago's two largest derivatives exchanges are going head to head in coming weeks to become the U.S. market of choice for bitcoin futures trading.
As brokers line up to offer bitcoin futures, others are quiet
Submitted by cpowell on Mon, 2017-12-04 07:18 Section: Daily DispatchesBy Brian Louis
Bloomberg News
Monday, December 4, 2017
U.S. brokerages have a decision to make. Will they offer futures contracts tied to bitcoin -- the cryptocurrency viewed as a gold mine or bubble -- to clients?
UK plans crackdown on bitcoin
Submitted by cpowell on Sun, 2017-12-03 19:50 Section: Daily DispatchesTreasury Crackdown on Bitcoin over Concerns It Is Used to Launder Money and Dodge Tax
By Robert Mendick and Gordon Rayner
The Telegraph, London
Sunday, December 3, 2017
Mnisters are launching a crackdown on the virtual currency bitcoin amid growing concern it is being used to launder money and dodge tax.
Brandon White: Where does the Bank of Canada stand on gold as an asset?
Submitted by cpowell on Sat, 2017-12-02 12:46 Section: Daily Dispatches12:45p ET Saturday, December 2, 2017
Dear Friend of GATA and Gold:
The investment world has gone mad, Brandon White of Bullion Management Group in Markham, Ontario, says in his weekly video, "This Week in Three Minutes," noting extreme valuations in equity markets and bitcoin and the strange disappearance of market corrections.
Michael Ballanger: The true meaning of bitcoin's success
Submitted by cpowell on Sat, 2017-12-02 12:27 Section: Daily Dispatches12:27p ET Saturday, December 2, 2017
Dear Friend of GATA and Gold:
Mining and market analyst Michael Ballanger argues today that the success of bitcoin signifies in large part recognition by the wealthy that government currencies are unreliable.
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