The UK’s Royal Mint is teaming up with the world’s biggest futures exchange operator to launch a new way to trade physical gold based on the technology behind the digital currency bitcoin. The product, to be called Royal Mint Gold, or RMG, will launch in 2017, the mint said in a joint press release with Chicago-based exchange giant CME Group on Tuesday. Each RMG will be a digital record certifying ownership of gold at a…"Using the Blockchain to Trade Gold, Via a 1,000-Year-Old Institution"
One of the world’s hottest assets is also the newest way to invest for retirement. But it carries the most old-fashioned risk of all: losing buckets of money in the blink of an eye. Since last June, Bitcoin IRA, a firm based in Sherman Oaks, Calif., has been offering Individual Retirement Accounts that can provide direct ownership interests in bitcoin, the so-called cryptocurrency. The firm’s timing couldn’t be better: Bitcoin’s market value shot up 123%…"Should You Put Bitcoin in Your IRA?"
Venezuela’s economy has seen its currency, the bolivar, plummet as inflation has spiraled into the triple digits, causing people there to struggle to meet their daily needs. In response, some Venezuelans have chosen to cross international borders to stock up on needed supplies, as others turn to a black market where goods are often sold in US dollars. Another alternative that has gained traction is bitcoin, a cryptocurrency whose value wobbles frequently and which can…"Venezuela is cracking down on ‘bitcoin fever’"
It’s no Facebook IPO, but the Winklevii will take it. On Friday, the Securities and Exchange Commission will hand down a long-awaited decision on whether to allow the Harvard-educated nemeses of Facebook founder Mark Zuckerberg to launch an exchange-traded fund of bitcoins. The Winklevoss Bitcoin Trust, which would make it easier for mom-and-pop investors to… bitcoins | New York Post"Decision on Winklevoss twins’ bitcoin fund to be announced"
A wager involving Donald Trump and bitcoin gives new meaning to the phrase no lose proposition. Gambling site BetMoose allows anonymous players to make wagers on all manner of events from the Oscars to the French presidential election. But one bet in particular has an odd payoff structure: Will Trump ban Bitcoin? An anonymous player, “Protus,” has a wager for both “yes” and “no,” which might normally be a sort of arbitrage. Protus, who has…"A Can’t-Lose Bet on Trump and Bitcoin"
For a crowd of uber-distrustful cryptoanarchists, bitcoiners are still a pretty optimistic lot. How else to describe the price action over the weekend for the digital currency, which ostensibly suffered a sharp setback after the Securities and Exchange Commission denied an application from Cameron and Tyler Winklevoss to build and sell a bitcoin-based exchange traded fund? The price of bitcoin on Friday plunged after the SEC order came out. After trading as high as $…"Bitcoin Price Recovers as True Believers Keep the Faith"
Bitcoin is making a gigantic comeback. The cryptocurrency had plunged by more than 16% shortly after US markets closed Friday, putting in a low of $ 978, following the US Securities and Exchange Commission’s ruling to reject the Winklevoss twins’ exchange-traded fund. But now it’s back to $ 1,231, up 26% from its lows and about $ 60 below its preannouncement levels. Bitcoin hit an all-time high of $ 1,327 on Friday morning. “Based on…"Bitcoin is making a gigantic comeback"
Winklivanquished. In a decision that shocked Wall Street, the US government denied the application of Tyler and Cameron Winklevoss — the brothers who once claimed to be co-inventors of Facebook — to operate an exchange-traded fund (ETF) to make it easier for investors to buy Bitcoin. The decision by the Securities and Exchange Commission torpedoes… bitcoins | New York Post"Winklevoss’ Bitcoin Trust tanks after SEC denies application"
The price of the digital currency bitcoin is once again testing its all-time highs as a shake-up in China gives a boost to the Japanese cryptocurrency market and speculation mounts about a possible bitcoin exchange-traded fund. Bitcoin on Wednesday traded as high as $ 1,125, according to Coindesk’s Bitcoin Price Index, approaching its intraday high of $ 1,150, set on Jan. 5. That prior high, though, was the start of a steep drop. From Jan 5…"Volatile Bitcoin Nears Its All-Time High"
Bitcoin is crashing after the Securities and Exchange Commission rejected Tyler and Cameron Winklevoss’ proposal for an exchange-traded fund. The cryptocurrency plunged more than 16% in the moments after the decision was released and is now down 14%, or $ 192, at $ 1,000 per bitcoin. “As discussed further below, the Commission is disapproving this proposed rule change because it does not find the proposal to be consistent with Section 6(b)(5) of the Exchange Act,…"Bitcoin crashes after the SEC rejects the Winklevoss twins’ ETF"