Daily Dispatches

Bail-in for users of hacked bitcoin exchange costs them 36%

Section:

Hacked Bitcoin Exchange Users to Lose 36%

By Yuji Nakamura
Bloomberg News
Saturday, August 6, 2016

Hong Kong-based Bitfinex said all users will lose 36 percent of their deposits after the bitcoin exchange concluded its review of a $71 million hacking attack.

Turkey to increase gold-storage capacity to become regional hub

Section:

Turkey to Increase Gold-Storage Capacity to Become Regional Hub

By Daily Sabah Staff with Anadolu Agency
Daily Sabah, Istanbul
Saturday, August 6, 2016

Hacked bitcoin exchange says users may share $68 million loss

Section:

By Lulu Yilun Chen and Yuji Nakamura
Bloomberg News
Friday, August 5, 2016

After suffering a crippling hack earlier this week, Hong Kong-based bitcoin exchange Bitfinex said it may spread the loss among its users, including ones not directly impacted by the hack.

Legendary executive Rob McEwen talks about gold mining in golden times

Section:

By Derrick Penner
Vancouver Sun, Vancouver, British Columbia, Canada
Thursday, August 4, 2016

Legendary mining executive Rob McEwen knows a thing or two about gold-mining companies, having built Goldcorp Inc. into a powerhouse producer before stepping down as chairman and CEO in 2005.

Alasdair Macleod: Saving the system

Section:

By Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Thursday, August 4, 2016

Monetary policy, we are told, is all about staving off recession and stimulating economic growth.

However, not only is monetary debasement in any form counterproductive and destroys the personal wealth of the masses, but the economists who devised today's monetarism have completely lost their way.

Maybe Indians buy so much gold because their currency is so crappy

Section:

Why Do Indians Spend So Much on Gold? RBI to Study

By the Press Trust of India
via The Times of India, Mumbai
Thursday, August 4, 2016

http://timesofindia.indiatimes.com/business/india-business/Why-Indians-s...

No one can be sure that Fed doesn't meddle with futures or ETFs

Section:

8:03p ET Wednesday, August 3, 2016

Dear Friend of GATA and Gold:

Financial letter writer and technical analyst Steve Saville contends today that the Federal Reserve couldn't possibly be intervening directly in the stock market by purchasing stock index futures or exchange-traded funds because evidence of such transactions would show up on the Fed's public books:

Bond king Gross favors gold and real estate now

Section:

Gross Says 'I Don't Like Bonds, Most Stocks,' Favors Real Assets

By John Gittelsohn
Bloomberg News
Wednesday, August 3, 2016

Money manager Bill Gross says investors should favor gold and real estate while avoiding most stocks and bonds trading at inflated prices.

'Real Money Show' interviews GATA secretary on gold market rigging

Section:

8:19a ET Wednesday, August 3, 2016

Dear Friend of GATA and Gold:

Bitcoin worth $72 million stolen from Bitfinex exchange in Hong Kong

Section:

By Clare Baldwin
Reuters
Wednesday, August 3, 2016

HONG KONG -- Nearly 120,000 units of digital currency bitcoin worth about $72 million were stolen from the exchange platform Bitfinex in Hong Kong, rattling the global bitcoin community in the second-biggest security breach ever of such an exchange.

Syndicate content