“The euro dropped against the dollar Wednesday on yet another signal that the European Central Bank is considering more unconventional policies at the same time that the Federal Reserve has shown a willingness to slow its bond purchases. Such central-bank inspired moves are absent from bitcoin by design; the virtual currency has no central bank and is created through a process called mining. So without monetary policy as a driver, what’s behind the big moves? Surging demand in China, growing legitimacy in the U.S. as demonstrated byhearings in the Senate, the closure of the bitcoin-only drug market Silk Road, and an open-ended bitcoin trust run by SecondMarket.”
Related posts:
GMO Apples And Potatoes Approved By FDA; Labeling Not Required
UK Bitcoin dealers seek official regulation for digital tokens
An assault on living standards set to run and run
Britain on course for more economic stimulus
Feds Offering $48/hr To Obamacare ‘Navigators’ Who Can Actually Explain Obamacare
Energy drink makers tell Senate panel they’re being ‘victimized’
Central banker: Aussie dollar needs to fall further
To Save the King of the Jungle, a Call to Pen Him In
Meet Ireland’s first bitcoin politician
New York City bike share tech woes enrage normally even-keeled New York bikers
Polish $300 Billion Aid Package Hides EU Expansion Flaws
Swiss researchers make microchips that imitate the brain
The market's biggest driver: company stock buybacks
Senator on journalists who publish leaks: ‘Historically, spies have been shot’
Twelve years after 9/11, we still have no idea how to fight terrorism.