Getting high on cryptocurrencies

Section:

By Tim Culplan
Bloomberg News
Wednesday, June 14, 2017

There are now four times as many cryptocurrencies in circulation as fiat currencies.

That's amazing. And encouraging.

According to the Swiss Association for Standardization, which maintains the International Standards Organization database, there are 177 national currencies currently in use. That list generously includes four precious-metals and four bond-market units (codes XBA to XBD, for the curious).

The CoinMarketCap website lists 753 cryptocurrencies, all the way from Bitcoin and Ethereum down to StrongHands and Paccoin (current value: $0.00000014).

... Dispatch continues below ...



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Camino Reports Diamond Drive Results from Los Chapitos Project

Company Announcement
Wednesday, June 7, 2017

Camino Minerals Corp. (COR: TSX-V) is pleased to report results for the first diamond drill hole completed at its Los Chapitos Project in southern Peru. Hole DCH-001 was designed to twin CHR-002 on the Adriana Zone, which intersected 106 meters averaging 1.3 percent copper.

Selected drill highlights from hole DCH-001 include:

-- 0.73 percent copper over 55.0 meters, including 1.21 percent copper over 28.3 meters.

-- 0.72 percent copper over 168.5 meters, including 1.63 percent copper over 27.0 meters.

-- And 0.94 percent copper over 3.8 meters at the end of the hole.

Hole DCH-001 intersected numerous intervals of oxide and sulphide mineralization that had a combined total length of 316 meters averaging 0.63 percent copper. Diamond drilling appears to have recovered the oxide mineralization better than reverse-circulation drilling, as noted by the interval from 5.7 to 61 meters. Copper oxide mineralization was found throughout the hole, including in the magnetite-rich zones. Most of the deeper intersections averaging greater than 1 percent copper were generally sulphide mineralization. The comparable diamond drill interval to the high grade intersection of hole CHR-002 was well-brecciated and resulted in it being mostly oxide mineralization containing reduced copper values. ...

... For the remainder of the announcement:

http://www.caminominerals.com/s/News.asp?ReportID=792083



With a retired basketball star promoting one such incarnation -- tied to marijuana -- on a recent trip to a repressive Asian nation lying to the north of South Korea, I'm tempted to call Peak Crypto.

But let's not kid ourselves: The madness is far from over. Bitcoin skeptics have been eating their words ever since the leading digital currency reached $1,000. January seems like such a long time ago now that Bitcoin is trading above $2,700. ...

... For the remainder of the report:

https://www.bloomberg.com/gadfly/articles/2017-06-14/this-cryptocurrency...

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