US govt to auction $18mn worth of bitcoin seized from Silk Road

“The Department of Justice is looking to make a considerable windfall from the sale with bitcoin increasing in value recently.  The now-defunct cyber-black market was closed down in October of last year.  Nine months on the US Marshals service is preparing to auction 30,000 bitcoin of the Silk Road stash.  The sale of the bitcoin will take the form of an online auction which will take place on June 27. Participation in the auction will not be cheap, with buyers required to make a refundable deposit of $200,000 to a government bank to take part. The bidding itself will take place over a period of 12 hours where blocks of 3,000 Bitcoin (or about $1.8 million each) will be up for grabs.”

http://rt.com/usa/165692-bitcoin-silk-road-siezed/

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Robocoin 2.0 Arrives With Bank-Like Features and New Hardware

“The company’s ATMs accept and dispense 12 national currencies worldwide and can now be used to send money to anyone using only their phone number or email address, even if they haven’t signed up for a Robocoin account. Recipients need merely to visit the local ‘branch’ to pick up their cash.  With traditional remittance providers currently reaping vast profits in transfer fees – estimated at around $500bn a year – such a service could see significant savings for workers sending money back home to families.  ‘Our goal is to make storing and sending money faster, friendlier, cheaper and easier than any other company in the world,’ said Jordan Kelley, Robocoin’s CEO.”

http://www.coindesk.com/robocoin-2-0-arrives-bank-like-features-new-hardware/

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Facebook Approves Dogecoin Tipping App

“Facebook has approved a cryptocurrency tipping app for the first time, and it’s surprisingly not Bitcoin’s. On June 5, 2014, Alejandro Caballero, developer of The Doge Tipping App posted an excited announcement on Reddit’s Dogecoin section. Facebook approves The Doge Tipping App, and their new Multicoin Tipping App followed in its place.  It seems like Facebook is allowing the use of the tipping app and possibly changing their stance on digital currency.  The Multicoin Tipping App supports Dogecoin, Digibytes, Einsteinium, FedoraCoin, Mintcoin, Reddcoin, Quark, Worldcoin, Vertcoin, Karmacoin, Earthcoin, TrollCoin, HTMLCoin, and Donationcoin.”

http://www.cryptocoinsnews.com/news/facebook-approves-dogecoin-tipping-app/2014/06/06

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Expedia Starts Accepting Bitcoin for Hotel Bookings

Expedia, the big online travel site, announced on Wednesday it will begin accepting bitcoin for hotel bookings through its website, becoming the first major travel-agency to take the digital currency. If the reception is good, the company said it expects to bring bitcoin to its other service lines as well.  Expedia, which is using Coinbase for bitcoin processing, won’t hold the digital currency it receives.  More than 60,000 retailers now accept Bitcoin world-wide, and it is attracting more venture-capital funding, which is running at a pace 30% higher than last year. Still the price continues to wildly fluctuate, but it remains well above the price it fetched at the beginning of 2013.”

http://blogs.wsj.com/moneybeat/2014/06/11/expedia-starts-accepting-bitcoin-for-hotel-bookings/

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Google Joins Yahoo in Offering Bitcoin Prices

“A spokesperson from Google said: ‘We added a number of currencies to Google Finance, from the Icelandic króna to the East Caribbean dollar to Bitcoin. We’re always working to provide more of the financial data people are looking for.’  Google Finance has launched a bitcoin price tracker, offering market information across several major fiat currencies as well as access to breaking news in the digital currency world.  Users can access prices in BTC/USD markets, as well as prices in pound sterling, yen, euro, renminbi, Australian dollar and Canadian dollar markets.  The tool also enables review of historical prices dating back to June 2013.”

http://www.coindesk.com/google-bitcoin-price-conversion/

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The Golden Bear: Pure Directed History?

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“Bloomberg supports the narrative of king dollar and positions the price permutations of precious metals as part of a free-market outcome. But this is surely dubious. Our position is not that the dollar is going to crash against gold any time soon.  The Wall Street Party is probably going to continue a while longer, as we have forecast. And then, at some point, precious metals will come back into vogue, either because the price suppression campaign will collapse or because those behind it will decide there is not point in continuing it. Either way, gold will have ‘another’ day. The current price structure – even if the dollar should move up against gold for a while longer – is likely unsupportable.”

http://www.thedailybell.com/news-analysis/35369/The-Golden-Bear-Pure-Directed-History/

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Falling Real Yields: A Buy Signal for Gold

“It’s not only Treasury yields that are falling; nominal interest rates are in free-fall around the world:  German bunds yield just 1.4 percent and French government bond yields fell to 1.65 percent — the lowest level since 1746!  Two of Europe’s most troubled PIIGS, Spain and Italy, also have witnessed record low bond yields of 2.6 percent and 2.76 percent, respectively.   Yield spreads on emerging market Tdebt and junk bonds compared with Treasuries are likewise sinking toward new lows.  his compression in nominal yields around the global has important implications for investors and could prove very bullish for certain asset classes. Case in point: Gold.”

http://www.moneyandmarkets.com/falling-real-yields-a-buy-signal-for-gold-62120

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Strategies Overseas Retirees Need to Handle a Multi Currency Lifestyle

“Americans who move overseas often lose money or have problems with the tax authorities because they live a multi-currency lifestyle. In this 19 minute webinar, hear international money expert Douglas Goldstein, CFP® summarize the strategies that every American needs to know who is planning to move abroad, or has already moved overseas. In this program, find out: (a) The 3 Reasons Currency Traders Get it Wrong… and The #1 Thing Clients Need to Understand About Currency, (b) What Everybody Ought to Know About Transferring Money (money changers vs. banks vs. cash), and (c) The Tax Form Which is Hitting U.S. Expats Hard.”

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U.S. Regulators Mull Yanking Access To USD As Punishment For Banks

“BNP Paribas is expected to plead guilty in the coming weeks to charges that it processed payments for companies and countries that were subject to United States sanctions.  BNP Paribas is also expected to pay financial penalties of about $8 billion, which would leave a sizable, though manageable, dent on its balance sheet.  Despite those potential punishments, some regulators want to do more.  Specifically, Benjamin M. Lawsky, New York State’s top financial regulator, is considering whether to temporarily suspend BNP Paribas’s ability to process dollar payments, according to people briefed on the settlement talks.”

http://dealbook.nytimes.com/2014/06/03/regulators-explore-options-for-suitable-penalties-in-bnps-sanctions-inquiry/?_php=true&_type=blogs&_r=0

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Bill Bonner: 6 Success Secrets of a $22-Billion Family

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“Gerard Mulliez is often called the Sam Walton of France.  The Mulliez family has businesses with annual revenues of about $60 billion and more than a quarter million employees. You’ve probably never heard of them. And you’ve almost certainly never seen a picture of them. They’re discreet, private and unassuming.  The family has been in business for two centuries. But only in the last 50 years has it built one of the world’s biggest and most profitable family-business empires. And it has done it while also creating one of the biggest and most successful families.  I have identified six secrets to the Mulliez family’s success.”

http://www.bonnerandpartners.com/6-success-secrets-of-a-22-billion-family/

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