Commodity Trade Mantra

Posts Tagged ‘Mt. Gox’

US Gold Dealer Launches First Bullion Backed Digital Currency

U.S. precious metals dealer Anthem Vault Inc has launched the first digital currency backed by physical gold, with an aim to increase the use of bullion as an accepted form of electronic money. It will launch 10 million “INNCoins” backed by 100 grams (3.5 ounces) of gold, with all coins expected to be in circulation by July 2015.

Perfect Scam Or A Safe Investment - My Two Bits About Bitcoin

Essentially, a cryptocurrency is a digital medium of exchange. The first one, created about four years ago, was Bitcoin. Since then, scores, if not hundreds of various permutations of the concept have been launched. Bitcoin is decentralized, with no specific institution controlling its network.

Bitcoin Exchange Goes “Dark” - $350 Million Theft Claim

Mt. Gox, once the world’s largest and most popular bitcoin exchange, has gone “dark” or offline & also halted cash withdrawals. The shutdown of Mt. Gox comes after months in which the currency’s price soared and it attracted increased attention from investors and speculators.

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