Daily Dispatches

Megan McArdle: What is bitcoin good for?

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9:35a ET Sunday, December 24, 2017

Dear Friend of GATA and Gold:

In an essay this week at Bloomberg News asking "What Is Bitcoin Good For?," financial writer Megan McArdle argues that it is either money itself or a payments system but has big problems as both.

Bitcoin seen at risk of sabotage by Chinese government

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By James Titcomb
The Telegraph, London
Saturday, December 24, 2017

Bitcoin is vulnerable to sabotage from the Chinese government because of its overwhelming exposure to the country, researchers have warned.

Alasdair Macleod: 2018 could be the year for gold

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1:10p ET Thursday, December 21, 2017

Dear Friend of GATA and Gold:

The new year is not likely to be good for the U.S. dollar, GoldMoney research director Alasdair Macleod writes today.

Ted Butler: A 10-year-deal to let JPM rig silver?

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10:47a ET Thursday, December 21, 2017

Dear Friend of GATA and Gold:

Silver market analyst Ted Butler today speculates that the U.S. government has a 10-year agreement with JPMorganChase, stemming from the failure of the Bear Stearns investment bank, waiving commodity and anti-trust law enforcement so that Morgan can keep the price of silver under control and profit greatly from doing so.

Litecoin founder says he has sold all his holdings in the cryptocurrency

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By Ryan Browne
CNBC, New York
Wednesday, December 20, 2017

The creator of litecoin has sold off all of his holdings in the cryptocurrency he created.

Charlie Lee, who founded litecoin in 2011, said on Reddit today that he had "sold and donated" all of his litecoin tokens over the past few days -- except for some physical ones he keeps as "collectibles."

Keith Barron struck it rich in Ecuador and now is looking for the lost cities of gold

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By Laura Millan Lombrana and Danielle Bochove
Bloomberg News
Wednesday, December 20, 2017

Hugo Salinas Price: Wild speculation in bitcoin

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7:02p ET Tuesday, December 19, 2017

Dear Friend of GATA and Gold:

Pakistan examines Chinese proposal to replace dollar with yuan

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By Ayaz Gul
Voice of America, Washington
Tuesday, December 19, 2017

ISLAMABAD, Pakistan -- Officials in Pakistan say a Chinese proposal to replace the U.S. dollar with yuan for bilateral trade is under consideration.

Craig Hemke: It is what it is but it's not what it seems

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6:11p Tuesday, December 19, 2017

Dear Friend of GATA and Gold:

South Korean bitcoin exchange Youbit closes after second hack attack

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From the British Broadcasting Corp., London
Tuesday, December 19, 2017

A crypto-currency exchange in South Korea is shutting down after it was hacked for the second time in less than eight months.

Youbit, which lets people buy and sell bitcoins and other virtual currencies, has filed for bankruptcy after losing 17 percent of its assets in the cyberattack.

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