The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Sunday, December 31, 2017

Cryptocoinopoly: Monopoly game has now been re-imagined for cryptocurrencies

Over the course of decades the original Monopoly game has been adapted for just about every genre, environment, and locale.  From versions of Nascar Monopoly which use racetracks in lieu of New York properties, to even a Star Wars monopoly game where you can purchase the Cantina on Mos Isley.

So it should not come as a surprise that some enterprising member of the blockchain community has come up with a cryptocurrency based game of Monopoly....

Welcome to Cryptocoinopoly.

The odds of an officially licensed version of crypto Monopoly being released seem as remote as ripple becoming a $10 coin. In other words, anything’s possible. For now though, hodlers can content themselves with printing their own version of the unofficial board recently shared by redditor ronoxe. 
It features many of your favorite cryptocurrencies – plus a few you’re sure to loathe. “What the hell is cardano doing in the greens?” “Who put tron in there?” 
“Whose bright idea was it to add EOS?” All these points can be argued as you make your way around the board, skipping jail, rebranded as ‘hodl’, and trying to avoid paying capital gains tax. For crypto traders who aren’t getting enough of a buzz from the game, there’s nothing to stop you from playing with real crypto; the winner receives everyone’s cheapest alt bag. 
One of the most fascinating things about Cryptocoinopoly is that it provides a snapshot of the markets at the point of the game’s creation. Were the board to be developed today, ripple certainly wouldn’t be languishing in the yellows; what a difference a week makes. It will be interesting to see which cryptocurrencies have traded places a year from now – and which will have been banished from the board altogether. – Bitcoin

Saturday, December 30, 2017

Don't expect the U.S. to ever allow an audit of gold vault as the stored metal isn't even compatible with international standards

Perhaps one of the primary reasons that the U.S. Treasury has not allowed an audit of its sovereign gold in over 50 years is due to the fact that it may not be compatible with international standards.  By this we mean a purity of .9999, or even the older standard of .999.

The United States doesn’t let anyone see its gold reserves. Even if the Treasury has the number of billions it claims, they are not tradable, warns Singapore’s BullionStar precious metals expert Ronan Manly. 
The US government claims to hold 8133.5 tonnes of physical gold in its official reserves. Fifty-eight percent is reportedly held in Fort Knox, Kentucky, 20 percent at West Point in New York State, 16 percent is said to be at the US Mint in Denver, Colorado and five percent is held at the NY Fed. 
"The entire story around the US gold reserves is opaque and secretive. There has never been a full independent audit of the US gold reserves, and the custodians of the gold, the US Mint and the Federal Reserve of New York will not let anybody into the vaults to view the gold or to count it,”Manly told RT
However, despite the numerous accusations against the US Treasury that it has much less gold than it claims, there is another reason, according to the expert - US gold is of bad quality. 
“Even the details that have been provided on the supposed US gold holdings show that a majority of the gold bars are low purity and in weights that don’t conform to the industry standard ‘Good Delivery” gold bar specifications,” says Manly. 
“So even if the US has the amount of gold it claims to have, most of this gold would not be acceptable for trading on the international market, and could only be used in swap transactions with other central banks that wished to swap Good Delivery gold bars for low purity and unusual weight US held gold bars,” he added.
If this assertion by Ronan Manley is true, it doesn't bode well for the U.S. should China win out and return the world's monetary trade system to one that is backed by physical gold. 

Friday, December 29, 2017

The Daily Economist update for Dec. 29 2017 - Gold, Bitcoin, and Cryptocurrency Report


Despite the cryptocurrency craze and constant beatdown of price, gold will close out 2017 with its best year since 2010

In the realm of fundamentals and technicals, one of the most important indicators is how an asset or security closes out a particular month or year.  For example, in 2016 the gold price climbed from a base of around $1085 in December of 2015 only to soar to nearly $1400 by the next November.  And it was only due to the historic election of Donald Trump that kept gold from having its best year of the decade which saw the price collapse over the next month and gain only about 5% at the close of the year.

So it is quite ironic that despite the tremendous headwinds gold experienced here in 2017 with record short positions placed against it in the futures markets, and money that might of gone into bonds or gold speculating in the cryptocurrency markets, that it appears now we will end 2017 with gold having its best year since 2010.

The price of gold is up 13 percent since January and is on target for its best-performing year since 2010. It’s driven by a weaker US dollar and safe-haven buying prompted by global political uncertainties. 
Spot gold was up 0.2 percent, trading at $1,297.39 an ounce as of 11:20 GMT on Friday.
Analysts say the precious metal is also on track for its best month since August and has benefited from technically-driven momentum as well as the dollar downtrend. 
“We expect gold prices to trade higher on Friday, continuing its positive momentum from the previous trading session while the weak dollar index and thin trade also contributed to the rally,” Angel Commodities said. 
According to INTL FCStone analyst Edward Meir, “The weaker dollar could provide more upside fodder for the precious metal going into the New Year, as could a modest wobble in US equity markets. But, the geopolitical backdrop looks fairly tame and would not lend much support.” – Russia Today

December saw numerous cryptocurrencies swap back and forth to vie for the top market caps underneath Bitcoin

While Bitcoin of course remains the big dog in the cryptocurrency sphere, holding 44% of the entire sector's market cap, other cryptocurrencies have been engaged in an interesting tug of war during December to vie for spots two through five in the market.

At the beginning of December Ethereum held onto the number two spot, while cryptos such as ripple, litecoin, and Bitcoin cash moved in and out of the top 5.  However as we come to the end of 2017, it appears that Ethereum has actually lost some of its momentum, and moving into the number two place is the predominantly proprietary cryptocurrency known as Ripple.

As BI reports, Ripple, which is up about 61% over the past week and more than 5,000% this year, has been on a tear since Ripple's Asian subsidiary and a group of Japanese credit-card companies announced a new consortium Wednesday. The consortium aims to identify how blockchain and distributed-ledger technology can be deployed in credit-card payments. 
The news of the consortium follows a bullish month for the coin, which has been propelled to new heights by interest from Asia, according to reporting by Forbes
Alexey Ivanov, the CEO and cofounder of Polynom Crypto Capital, a Moscow-based cryptocurrency and blockchain investment fund manager, told Forbes. - Zerohedge

Final trading day of 2017 sees gold and silver prices recover to over $1300 and $17

It has taken almost three months, and not since the early part of October for the gold price to move back over $1300 per ounce, but this is exactly what the markets are ending the trading year with here on Dec. 29.

Due to a continuous move upward ever since the Fed raised interest rates on Dec. 13, the gold price has now fully recovered its 50, 100, and 200 day moving averages and looks to enter 2018 with some serious positive momentum.


In the meantime, silver has moved sharply upward and has breached the $17 mark for the first time since late November when it was slammed down into the middle $15's.



If both gold and silver can hold these resistance levels ($1300 and $17 respectively) through the end of the trading session, chances are very good that the bull market will carry over strongly into January and the new year as momentum is favoring higher prices.

Thursday, December 28, 2017

The Daily Economist update for Dec. 28 2017 - U.S. Finance and Economics Report


Cartel slams down gold and silver with $1 billion in paper shorts, but decline in price lasts only a few minutes

Perhaps the saddest thing for the gold and silver cartel is when they dump $1 billion in naked paper shorts onto the market in order to slow down rising prices and their efforts last only a few minutes.

Because this is exactly what happened today on Dec. 28 when a pre-market raid on the gold price resulted in a smash down of just $3, only to see it rebound back in less than 30 minutes.

At 8:12 a.m. EST, we witnessed a mini raid in gold and silver: 
The total amount of the paper price smash in gold was just over $1,000,000,000. 
Granted, after both gold and silver rose in price in overnight trading, all the cartel was able to muster with this smash was a round trip to “unch” from yesterday’s close: - Silver Doctors

Venezuela dedicates first set of oil reserves to back their Petro cryptocurrency

Whether it will be enough to stop the hemorrhaging of massive inflation within their sovereign currency remains to be seen, but on Dec. 28 the President of Venezuela announced the first dedicated oil reserves to be used to back their new Petro cryptocurrency.

Designating five billion barrels of oil as the initial reserves to back the Petro, President Maduro is hoping his gambit to ditch the dollar as well as create a new currency to replace the Bolivar will both save his economy, and perhaps even his political career.

The President of Venezuela Nicolas Maduro has promised to back the national cryptocurrency Petro with the country’s vast natural resource reserves. 
“Here’s the document formalizing the provision of the certified Ayacucho oil field No.1 in the Orinoco Petroleum Belt for the support of El Petro cryptocurrency,” Maduro said on national TV
Maduro said the field’s “reserves amount to five billion barrels of oil,”which is confirmed by the corresponding “international certificate.” 
“Every single Petro will be backed by a barrel of oil,” Maduro said, promising to provide cryptocurrency mining throughout the country. “We will set up a special team of cryptocurrency specialists so they will be engaged in mining in all states and municipalities of our country.” 
The Venezuelan leader has also promised to allocate Arco Minero gold deposits from the Orinoco Belt along with the country’s diamond deposits. – Russia Today

Russia looking at the creation of a joint cryptocurrency for use between BRICS and EEU nations

Move over Europe because they may soon no longer be the only coalition of nations to have a joint currency.

This is because on Dec. 28 an official from Russia's central bank is suggesting the creation of a joint cryptocurrency to be used between members of the BRICS nations, as well as members of the Eurasian Economic Union.

An initiative to create a joint digital currency for BRICS countries and the Eurasian Economic Union (EEU) has been proposed by the Central Bank of Russia, according to its First Deputy Governor Olga Skorobogatova. 
She said the issue of a common cryptocurrency for a number of countries is very promising, more than that for a single nation. 
“The participants of different economic events where I usually take part… all come to the conclusion the issue of a virtual currency is not needed much by one country. First of all, it makes sense to discuss the cryptocurrency on the level of several countries such as BRICS and EEU. It makes sense to set one equivalent for all payments,”Skorobogatova said at a Russian finance ministry meeting. 
While no concrete decisions have been made yet, said the official, discussions are planned for 2018 by both BRICS and EEU members. – Russia Today

Wednesday, December 27, 2017

Gold's climb since the Fed's FOMC and rate hike has now pushed the price back to its 100 day moving average

In the weeks preceding the Dec. 13 FOMC meeting and subsequent rate hike by the Federal Reserve, the gold price was smashed down below its three 'pillars' on the technical chart.  By this we mean the price was pushed below the 50, 100, and 200 day moving averages.

But following the Fed's move to raise interest rates a quarter point two weeks ago, gold has steadily risen and on Dec. 27 moved back to just under its 100 day moving average.  And this means that a breakthrough of this technical level with strong volume could see a push to $1300 at or around the beginning of the new year.

Traders are dumping equity protection and buting chaos protection as VIX tumbles near the year's lows and Gold jumps back towards its 100-day moving average - and its highest level in a month. 
Gold is up 9 of the last 10 days, at its highest since early Dec and testing its 100DMA... ($1292) - Zerohedge

Hunt for the next Bitcoin could dominate early part of 2018

When a new technology or innovation enters into an environment, quite often the first products that come from that technology rarely last as improvements to the original eventually make them obsolete.

Cryptocurrencies, and in particular Bitcoin, were the original products created for the Blockchain, and it took about eight years before they really began to take off.  However while Bitcoin still remains at the moment the best recognized and most traded crytocurrency, the fact that the total number of cryptos doubled in 2017 gives credence that expanded innovations in the technology are quickly starting to lessen Bitcoin's dominance, and bears the question in what is the next cryptocurrency that will emerge to compete with, dominate, and perhaps even replace Bitcoin at the top of the mountain?


If you thought bitcoin has been on a wild ride, check what happened last week with litecoin. 
The newer cryptocurrency, which is supposed to be a faster version of bitcoin with a larger supply of coins, increased from around $100 on Dec. 8 to more than $370 by Dec. 12, a gain of 270 percent. The price has come down, but even after a fall from the peak, litecoin is up more than 7,000 percent for 2017. 
It’s estimated there are now more than 1,000 different cryptocurrencies. Eventually more of them will find their way to Coinbase as customers demand a more diverse opportunity set to trade. You should expect to see more wild price swings as investors look for the next lottery ticket in cryptocurrencies. - Bloomberg
New cryptocurrencies were being created at more than one per day in 2017, and this should only mark the beginning of the rise and use of virtual currencies in the global financial system.  And as traders are becoming savvy enough to be able to day trade cryptos on an exchange the same way FX traders do sovereign currencies, then you will see many obscure and little known cryptos move by 1000's of percent throughout 2018 the same way Ripple, IOTA, and Dash did over the last month between November and December.

Tuesday, December 26, 2017

The Daily Economist update for Dec. 26 2017 - U.S. Finance and Economics Report


Bitcoin, along with most cryptocurrencies, recover 50% from massive selloff leading into Christmas

The last real official trading day leading into Christmas saw the cryptocurrency sector as a whole experience one of its worst days on record.  In fact on some exchanges, Bitcoin alone fell 30% in price on Dec. 22, which concluded a five day move where the crypto saw a combined drop of close to a 50%.

But with the markets back open across the world on Dec. 26, Bitcoin has recovered a touch more than half its losses following the Christmas break, and the price action appears to be stabilizing, if below the last trading range of $16000 - 18000.

The leading cryptocurrency bitcoin once again passed the $15,000 mark on Tuesday. It has been recovering from last week's sell-off, which sent prices below $11,000 after the $20,000 record. 
Bitcoin was trading at $15,500 on Tuesday, up almost nine percent. Its market cap reached $260 billion with its share of the cryptocurrency market sliding to 44 percent, according to Coinmarketcap. 
“There is no right current price which would reflect the right current valuation,” cryptocurrency expert Andrei Popescu told Reuters. 
“Taking profit is right while buying into a long-term projection is also right. You don’t have to be right in this market, just less wrong than the rest,” Popescu said. – Russia Today

Following Christmas break, gold has recovered to three week highs on low volume

The last trading week between Christmas and New Years in the markets is often one characterized by low volume, and primarily a shuffling of assets in preparation for tax season.  And ironically this decline in volume and activity is often good for the gold and silver markets which tend to move up in the final week of a year, and see less dumping and manipulation from the bullion banks.

2017 appears to be no exception as the gold price has now climbed approximately $40 since the Fed's rate hike and Dec. 13 FOMC meeting, and this bodes well for trends which regularly see gold rise in the early months of January and February.

Gold prices edged up on Tuesday, hitting a more than three-week high, in low-volume trade amid a weaker dollar. 
FUNDAMENTALS 
* Spot gold was up 0.2 percent at $1,277.98 an ounce at 0115 GMT on Tuesday, after hitting its highest since Dec. 1 at $1,278.14. 
* U.S. gold futures rose 0.3 percent to $1,282.20 an ounce. - Nasdaq

Monday, December 25, 2017

While the masses continue to invest in cryptos, hedge funds and sovereign governments stockpiling gold at these rock bottom prices

The cryptocurrency mania of 2017 has been historic to see, and is showing little signs of slowing down.  Yet while people continue to drive money into these virtual assets, especially with many of them at all-time highs, behind the scenes hedge funds and sovereign central banks are stockpiling gold thanks to rock bottom prices.

Hedge funds and governments around the world are stockpiling gold. According to the Stock News Times, “Stifel Financial Corp. boosted its holdings in Sprott Physical Gold Trust (PHYS) by 63.1% in the third quarter, according to its most recent filing with the SEC.” In his piece, writer Jesse Mackey explained that Leaders Capital LLC, TIAA FSB, Filament LLC, Csenge Advisory Group, and Susquehanna International Group LLP have been buying PHYS as well. 
In addition to buying up Sprott Physical Gold Trust, it was reported just a few weeks ago that “Chevy Chase Trust Holdings Inc. grew its position in SPDR Gold Shares (GLD) by 42.1% during the third quarter”. Other hedge funds and large investors have increased their Gold Shares buying as well. In a Stock News Times article dated December 17th, writer Stan Pace pointed out that Bronfman E.L. Rothschild L.P., Adventist Health System Sunbelt Healthcare Corp., Sequoia Financial Advisors LLC, ICONIQ Capital LLC, and Northwestern Mutual Wealth Management Co. have all boosted their holdings in shares of SPDR Gold Shares in 2017. – Seeking Alpha
When you add in the amount of gold still being accumulated by both Russia and China this year, it should come as no surprise that expectations for a repricing of the metal may be coming sooner than investors think.

The nation of Belarus legalized Bitcoin and is welcoming all cryptocurrency platforms, mining operations, and ICO's

Eastern Europe is suddenly becoming ground zero for cryptocurrency acceptance as what was once limited to Estonia is now being magnified in the country of Belarus.

On Dec. 22, Belarus officially recognized Bitcoin as a currency and in what is expected to commence in three months time, the country is also morphing full bore into a cryptocurrency mecca through the welcoming of platforms, mining operations, and ICO's.

Graphic courtesy of BTC Manager
Russia's western neighbor, Belarus, has officially recognized bitcoin, cryptocurrencies, their mining and initial coin offerings (ICOs), becoming one of the first countries in Europe to do so. 
The decree was signed by the Belarusian President Aleksandr Lukashenko last Friday and comes into force in three months. 
"The main goal of the document is to create an environment for leading IT companies to come to Belarus, open development centers and create products that would be popular in the world," the president's press service said. 
Now, the people of Belarus can list and promote ICOs, create and sell cryptocurrencies, establish cryptocurrency exchanges and do other operations with digital money. 
Bitcoin and other virtual cash can now be given as a gift and inherited in Belarus. All operations with cryptocurrencies are not considered a business activity. 
Those who want to participate in the Belarusian bitcoin haven, will not be obliged to reside in the country. They will only have to register a firm in Belarus. However, if you want to launch a cryptocurrency exchange in the country, you must have at least $500,000 in a local bank. 
During the next five years - until January 1, 2023 - many transactions with tokens will not be taxed. You will also not be obliged to pay VAT when transferring the ownership rights to other people, including foreign organizations. Profits will also be given a tax break. – Russia Today

Israel could be next country to go cashless as it researches the creation of a sovereign cryptocurrency

In many ways the Jewish community is both a local and global culture, with Israel of course being the focal point of its heritage, while at the same time having many of its people proliferating nations all around the world.

And with this in mind, an interesting phenomenon could soon take shape due to the rise of the blockchain and that of cryptocurrencies.  For while a private crypto has already been in the planning to potentially be used by Jews among themselves around the world, the country of Israel itself may soon have their own sovereign cryptocurrency to replace physical money and the shekel.

For several months the Bank of Israel has been considering issuing a state-sponsored virtual currency, reports the Jerusalem Post. The digital shekel will be identical in value to the traditional shekel. 
According to an unnamed Israeli finance official, the digital shekel will record every transaction by mobile phone. It will allow the Israeli government to reduce the amount of cash in circulation to fight tax evasion and money laundering. The so-called black economy in Israel accounts for 22 percent of the country’s GDP, statistics showed. 
The digital shekel will be exactly like cash, but instead of coins in a wallet, there will be codes in a cellphone. Transactions with the cryptocurrency will be made immediately, unlike with a bank transfer or check, which takes a few days to clear. 
“You can imagine that instead of giving you a piece of paper saying the Bank of Israel on it, I can send you a piece of digital code that was issued by a central bank,” the official said, adding the digital currency will be stored in a digital wallet. – Russia Today

Saturday, December 23, 2017

Russia getting ready to join the Shanghai Gold Exchange in opening their own physical gold market which includes futures contracts

In a new report that came out on Thursday, Dec. 21, the Moscow Exchange announced they will be launching their own gold futures market which will be deliverable in physical gold to investors.

Following in the footsteps of the Shanghai Gold Exchange which opened their own physical market in 2016, and gold futures market earlier this year, the two markets are likely to become interconnected, especially in light of China's ready to be implemented yuan-denominated oil contract that can be converted to gold.

The Moscow Exchange will launch deliverable futures for gold in 2018 in a move to further prop up bullion market liquidity, bourse chief executive Alexander Afanasiev said on Thursday. 
These deliverable futures will be denominated in roubles and the weight will be measured in grams, said Igor Marich, who oversees the bourse’s money and derivatives market. 
The Moscow Exchange, previously known as Micex-RTS, is developing its infrastructure amid a Kremlin-backed bid to make Moscow one of the world’s leading financial hubs. 
Earlier this year the Moscow Exchange let the central bank buy gold for its reserves on its spot market. - Reuters 

Friday, December 22, 2017

The Daily Economist update for Dec. 22 2017 - Gold, Bitcoin, and Cryptocurrency Report


Could bullion bank manipulation of silver be coming to an end in 2018?

By now debating about how much the government, central banks, and even bullion banks manipulate the prices of both gold and silver is similar to that of beating a dead horse... we know it happens but there is not much that can be done to stop it.  However a little known agreement between J.P. Morgan and the government in providing said manipulation could be ending in 2018, and it now bears the question of whether the price of silver will finally be allowed to trade freely.

In a few short months, we will hit the ten year anniversary of perhaps the most seminal event in modern silver history – the takeover of the failing investment bank, Bear Stearns, by JPMorgan in March 2008.  Bear Stearns failed as a firm due to a variety of problems which, in effect, caused a run on the bank. But what makes the failure and subsequent takeover so prominent in silver history was the revelation shortly thereafter that Bear had been the biggest short seller in COMEX  silver and gold futures and was replaced in that role by JPMorgan. 
Since the takeover, JPMorgan has not only remained the largest short seller in COMEX silver futures, but has gone on to rack up a perfect trading record on the short side of COMEX silver; taking profits on every new short position it has added since taking over Bear Stearns and never, ever taking a loss. More importantly, for the past nearly seven years, JPMorgan has used its ironclad control over silver prices to accumulate the largest investment position ever witnessed in physical silver; and all at the depressed prices it created with its massive paper short position on the COMEX.  At this point, I peg JPM’s physical silver position to be no less than 675 million oz. 
I’ve been on JPMorgan’s case since the fall of 2008, when I first uncovered that the bank was the new king short in silver. Because the evidence has been so strong that JPMorgan has both manipulated the price and accumulated a massive amount of physical silver, I lost any fear I had when I first started referring to JPMorgan as crooked in its silver (and gold) dealings. Yes, I still send the bank all my articles and I assume I would have heard from bank officials had they had any objection to what I write.
Because the takeover of Bear Stearns by JPMorgan was necessitated by concerns for the stability of the financial system, it was, basically, arranged and overseen by the highest levels of US Government financial regulators, the Treasury Dept. and the Federal Reserve. In a nutshell, Bear Stearns was too big to fail.  Yet fail it did, although the USG and JPMorgan took strong measures to contain the damage from the Bear Stearns failure. One of those measures was to prevent Bear’s failure from affecting the silver and gold market. 
As the biggest short seller in COMEX gold and silver futures contracts, Bear Stearns’ failure would be expected to cause prices to explode in an orgy of short covering by the biggest short suddenly gone bad. Actually, silver and gold prices had been running to new highs back then as Bear Stearns lurched toward bankruptcy in mid-March 2008.  From the start of that year, silver had jumped by $6 to $21, a new 28 year price high and gold hit its then all-time high of over $1000, up $150 since year end, with both price highs occurring on the very day that Bear Stearns was taken over, March 17, 2008 (St. Patrick’s Day). 
While not a believer in full-blown conspiracy theories by any measure, it is also clear to me that the CFTC has handled JPMorgan with kid gloves, at best. How else to describe the behavior of JPMorgan in the silver market that no other entity could get away with? We don’t have to go much further than JPM never taking a loss on COMEX silver short positions and how it can be allowed to be both the biggest paper short and biggest physical buyer simultaneously.  How can one reconcile the broader concern of overall government control of precious metals prices in the face of JPMorgan’s specific actions in COMEX silver? My friend’s speculation does a pretty good job of answering that dilemma. 
He contends that the US Government made a ten year deal with JPMorgan, giving the bank immunization against regulatory oversight in matters involving silver (and gold). And we’re certainly close to the ten-year mark of any such agreement. Again, I’m not claiming authorship of the ten year deal speculation, but I do wish I was the author. That’s because it aligns perfectly with everything I think I know about silver, the US Government, COMEX and JPMorgan. I never believed the USG would grant permanent immunity to JPMorgan for manipulating silver and gold, so a ten year deal fits as a substitute. – Ted Butler, via Silver Doctors
What makes this decently credible is that a few years ago, J.P. Morgan was able to get a cash thrown out of court against for the very act of manipulating the price of silver.  And their reasoning was that they were acting as an 'agent of the government' in doing the manipulation.

Goldman Sachs launching new trading desk to be able to scalp cryptocurrency muppets

When a company's traders refer to their clients as muppets, then you can very easily determine how much disdain the brokerage has for the individuals who pay their bills.  And no matter how much Wall Street banks have tried to disparage the cryptocurrency sector in the past, if there is a chance for money to be made, and customers to be scalped, then greed always wins out over public rhetoric.

So with this in mind, everyone should suddenly be wary that Goldman Sachs is opening up a new trading desk to deal in cryptocurrencies.  And of course one has to wonder how long before they begin trading against the advice they give their clients?

Goldman Sachs - using its pre-blockchain name for the time being - is in the process of setting up a trading desk to make markets in digital currencies such as bitcoin. The bank aims to get the business running by the end of June, if not earlier, two sources said. A third said Goldman is still trying to work out security issues as well as how it would hold, or custody, the assets. 
Why the rush to have the world's first dedicated institutional desk? 
For the same reason that while Jamie Dimon was mocking bitcoin, Lloyd Blankfein saw an opportunity: unlike equities which retail investors have largely given up on realizing that equity capital markets are rigged and manipulated by central banks, retail investors are ever more fascinated with crypto - the price trends don't hurt - so much so that Coinbase now has more users than Charles Schwab. To Lloyd and Goldman this spells one thing: opportunity. - Zerohedge

Bitcoin falls close to 50% in price in a week, now down to an $11,000 handle

Was it an omen when the co-founder of Bitcoin.com called the cryptocurrency an 'extremely risky' investment earlier this week, or has the mania within this particular crypto finally reached a peak?  Either way, Bitcoin's price has fallen from an all-time high of over $20,000 per coin on Dec. 17 to now falling into the $11,000 handle just five days later.

Bitcoin has been on a tear this past with the value of the cryptocurrency jumping from $8,000 to nearly $20,000. Well that run hit an abrupt end today as the price crashed as much as 23 percent on Coinbase. The price briefly dipped below $12,000 on some exchanges at around 7:30 am London time. 
The drop — which wiped more than $4,000 from the value of bitcoin at one point — was the highest percentage loss of value that bitcoin has seen this year. The cryptocurrency was valued at just $998 on January 1 2017 and it soared to a record high of nearly $20,000 on some exchanges earlier this week. – Tech Crunch
Additionally, with strong governmental warnings coming from the three countries that produce 80% of all the volume for Bitcoin (Japan, South Korea, and Vietnam), could this be playing a role in the massive sell-off of the cryptocurrency, which by the way is also occurring in many other crypto sectors?

Thursday, December 21, 2017

The Daily Economist update for Dec. 21 2017 - U.S. Finance and Economics Report


Gold may have finally bottomed last week as it follows same course as in late 2015 before catapulting higher in price

According to some technical gold analysts, a combination of price consolidation along with much lower short activity in the futures markets may be a strong indicator that the gold price bottomed around the middle of last week.  And in addition to this, the price movement appears to be following the same trend that it took in December of 2015 just before moving up higher beginning in January.

After peaking in 2011 gold entered a prolonged correction. Prices bottomed in 2015 when the FED increased rates for the first time since 2006. Gold prices rallied sharply in 2016 and 2017, but failed to produce a sustained uptrend. The multi-year basing pattern is nearly complete, and gold is poised to break higher in 2018. 
The right side of the pattern is nearly complete. We’ve been looking for a decline to the $1,200 level to complete the symmetrical base. However, prices may have bottomed prematurely at $1,238.30. We should know where we stand sometime next week. 
If the dollar confirms a bear market, as expected, gold should test the $1,923 high by 2019/2020. Our long-term forecast anticipates a breakout above $2,000 and fresh all-time highs as the dollar sinks into the next 16-year low (2024). – Gold Eagle

Dubai real estate market shows that gold backed cryptos may be a better medium of exchange than Bitcoin

As we finish out the end of 2017, it can be said without a shadow of a doubt that this has indeed been the year of the cryptocurrency.  And while it appears that we are only beginning to see the use of cryptos move from the arena of speculation into that of mainstream finance and retail, perhaps the next question that will be debated is whether resource backed cryptocurrencies emerge as a better medium of exchange than those simply those backed by confidence and 'proof of work'.

But for now we can put a large checkmark on the side of the ledger for gold backed cryptocurrencies as Dubai's real estate market may prove itself out as a great test case for global support of resource backed cryptos in commerce.

Dubai-based company MAG Lifestyle Development is planning to allow customers to purchase properties using OneGram, a Sharia-compliant, gold-backed digital currency.
“At MAG, we exist to inspire our customers to expect more from us, and we are delivering on this promise by allowing them to benefit from the growing potential of cryptocurrencies with OneGram,” said Talal Moafaq Al Gaddah, CEO of MAG Lifestyle Development. “In Dubai’s forward-thinking real estate market, where embracing smart digital solutions is a key priority for driving sustainable growth in line with our leadership’s directives, we are proud to be standing apart from the pack by achieving another regional first.” 
OneGram uses blockchain technology to create a new kind of digital currency, where each coin is backed by one gram of gold. OneGram launched its initial coin offering (ICO) with just over 12.4 million OGC tokens on May 27. The first two days of the ICO crossed $1 million, according to the OGC team. The company partnered with Goldguard, a gold trading company licensed by Dubai Airport Free Zone (DAFZ). The gold will be held at a vault inside the Dubai International Airport. 
MAG said investors will buy OneGram to the value of the property and receive a five percent discount on the property price as a result. OneGram will then remit to MAG according to the payment plan, which is 35 percent over six to nine months and 65 percent on completion at the end of 2019. In compliance with Islamic Sharia law, it is also zero-interest, profit-loss sharing, and non-speculative, as it is pegged to gold. Buyers will need to register with Goldguard and purchase gold at live spot rates in order to obtain tokens. 
“What other cryptocurrencies have failed to achieve, OneGram has accomplished in an incredibly short space of time, and that is to show the market that we are here to stay by creating real-use cases for our token,” said Mohammed Ibraheem Khan, co-founder of OneGram. “This is a mega announcement as it is our first real-world application for OneGram.” – Block Tribune

Cryptocurrency traders biggest fear manifesting in India as government looks to go after 500,000 Bitcoin traders for tax evasion

On Dec. 19, officials in India completed an extensive five city sweep of several Bitcoin exchanges where they accumulated upwards of 500,000 accounts that could soon be subject to their investigations for tax evasion.

Being investigated for possible tax evasion is one of the biggest fears of traders in the cryptocurrency sphere, and it ranks up there with cyberhacking and the potential of losing one's assets if a given exchange they use suddenly becomes insolvent.

The Indian government has initiated a probe against at least half a million people, including public figures and celebrities, who allegedly invested a large amount of their wealth into virtual currencies in the last few months through exchanges spread across the country. Gains made from Bitcoin trading come under the tax net as they can be classified as "taxable assets" if not income, according to Indian tax laws. 
"The department has collected a large number of documents, including customer's credential verification papers, last week from the exchanges. After careful scrutiny, the department will start sending notices to the investors who have invested large sums in the cryptocurrencies," an income tax official who did not wish to be named told Sputnik. – Sputnik News

Have we already reached peak Bitcoin since even early adopters are dumping the crypto for the more reliable Bitcoin Cash

Earlier this week we published an article showing where one of the early Bitcoin pioneers reported that they had sold off all of their Bitcoin holdings due to their belief that it was now an 'extremely risky' investment.  And more importantly, that same co-founder of Bitcoin.com also stated that they were moving into Bitcoin Cash since its potential as a more reliable medium of exchange made it far better than the original Bitcoin.

In light of this news something interesting has happened to the Bitcoin market over the past few days... the price has fallen around 15% from its all-time high of over $20,000 per coin and stabilized in a range between $16,100 and $17,800.  And in the meantime, Bitcoin Cash has skyrocketed over $1500 during that time, validating that more and more investors are moving out of Bitcoin and into the spin-off alternative.

The bitcoin sell-off continued on Wednesday after the leading platform for buying and selling the cryptocurrency, Coinbase, announced it was rolling out support for rival bitcoin cash. 
“Sends and receives are available immediately. Buys and sells will be available to all customers once there is sufficient liquidity on GDAX. We anticipate that this will take a few hours,” the exchange announced in a blog post on Tuesday. 
Coinbase said in an updated tweet that buying and selling would likely not be available until Wednesday. Bitcoin cash trading has also been suspended on GDAX until noon on Wednesday. 
The news sent the value of bitcoin cash soaring more than 50 percent to $3,800 per coin. It then retreated to $3,549 per coin as of 7:20 GMT. 
The original bitcoin, which was trading at more than $19,000 on Tuesday, slid to $16,353 in less than 24 hours. 
Bitcoin cash split off from bitcoin on August 1 after a group of developers decided to try to improve transaction speeds and costs. The majority of those who supported the conventional bitcoin failed to reach an agreement this fall on their own upgrade proposal – SegWit2x. – Russia Today
What this should signal to any investor in the cryptocurrency space is that during a mania, those who are ruled by their emotions inevitably get burned as the savvy investor gladly sells when the iron is hot, and contentedly collects massive profits while everyone else waits for a future that may never come.  And as two famous axioms from Wall Street forecast for successful trading...

1.  If you want to get rich, do what the rich do, or in the case of Bitcoin, when the original buyers begin to sell, it's probably time to sell.

And...

2.  Bears make money, Bulls make money, but Pigs get slaughtered. 

Wednesday, December 20, 2017

The Daily Economist update for Dec. 20 2017 - Gold, Bitcoin, and Cryptocurrency Report


Tuesday, December 19, 2017

Is Bitcoin A Failure As A Currency?

As we approach the end of the year, one thing about cryptocurrency has become abundantly clear: bitcoin means business as an asset. The leading cryptocurrency has risen to over 20 times its value at the outset of 2017, and you can find plenty of investors and analysts who are bullish about its 2018 performance as well (though many also believe it’s in something of a bubble). Even as bitcoin’s value skyrockets, however, it’s become interesting to ask the question: is bitcoin a failure as a currency?


Many who have long advocated for bitcoin would immediately say no. Bitcoin can be used as currency essentially wherever a merchant decides that it’s appropriate, and the list of places you can use bitcoin has grown fairly steadily. Particularly online, there are plenty of places to spend bitcoin, and in some industries we’re even seeing a trend toward paying contracted employees in bitcoin or other cryptocurrencies. It’s clear that bitcoin can function as a currency, and does in many cases. However, even as that list of acceptable use opportunities has grown, it hasn’t grown as rapidly as bitcoin proponents would’ve hoped.

The assumption might be that this is due to regulation, but that might not necessarily be the case. Bitcoin regulations vary from one country to another due to the decentralized nature of the currency, and there are certainly a few countries that have done more to restrict usage than others. Broadly speaking however, only a few countries have actually banned cryptocurrency, and if there’s a global trend it’s probably toward looser government stances. Thus, if anything, regulations (or lack thereof) should be encouraging bitcoin’s use as a currency.

What really seems to be responsible is actually simpler: bitcoin has evolved into an asset. This is something many people saw coming a year or two ago, when the word “commodity” started being used to describe cryptocurrency. Some took to describing bitcoin as “digital gold,” and while there are numerous problems with that characterization, it at least makes sense in the currency versus commodity question. Gold has value, but it’s not as if we would ever dream us walking into a store and using it to purchase goods; it could be that this is where we’re heading with bitcoin as well.

It probably doesn’t help that bitcoin’s value also makes it mathematically intimidating for users. At this point, a ticket at the movies might cost about 0.00045 BTC; a combo at a fast food restaurant might be about 0.00031. Furthermore, we don’t have precise terminology for these increments (though some terms like “bits” and “satoshis” are emerging among bitcoin enthusiasts). It’s simply inconvenient to think about the monetary terms involved in an everyday transaction.

To say that bitcoin is “failing” as a currency is probably dramatic at this stage – but it’s certainly trending in another direction. The real question, and the one we can’t answer yet, is what this actually means for it moving forward. There’s an argument to be made (and people are starting to make it) that if bitcoin doesn’t become a useful currency, it could become useless.

Time will tell.

How coincidental was the Economist's 1988 cover of a new global currency in 2018 with the advent of China's ending the Petrodollar system?

President Franklin Roosevelt is often misquoted for saying, "In politics, nothing happens by accident.  If it happens you can bet it was planned that way." However at the highest levels of global power, very often things are indeed planned out years in advance, and with the intention of creating a Hegelian Dialectic to achieve the changes desired by the Establishment.

So when the Economist Magazine published its forecast back in 1988 of a new global currency to be instituted by the year 2018, was this simply a pipe dream put forth by the globalists with the CFR, or was it a signal to the world that the Petrodollar system established just 15 years before would likely run out of gas 30 years later?  And perhaps more importantly, did the architects of this prediction foresee that the future would be coming out of China and Eurasia, and that new monetary system as well?

Monetary scholar Edwin Vieira ... pointed out that every 30 to 40 years the reigning monetary system fails and has to be retooled. The last time around for the U.S. was in 1971, when Nixon cancelled the convertibility of dollars into gold. Remarkably, the world bought into the unbacked dollar as its reserve currency, but only because that was the path of least resistance. But here we are 40 years later, and it is clear to anyone paying attention that the monetary system is irretrievably broken and will fail. – Washington’s Blog
Either way 2018 is already portending to be a year of immense change, just as it was exactly 100 years ago with the ending of World War I, and the scuttling of three global empires (Austo-Hungarian, Prussian, Ottoman).  And where at that time the former Russian empire was lost to a Communist coup that would last for about 70 years, this time the return of the Eurasian power comes with their being a partner with the one economy that stands on the cusp of changing the global monetary order.

Yet what was not foreseen in all of this was the advent of cryptocurrencies, and the power of blockchain technology to change everything within the monetary system.  And what is likely to come out of China's planned yuan denominated oil contract is a system that integrates cryptocurrencies, gold, and trade under a system that no longer requires a singular reserve currency.

Except perhaps a reserve standard known as gold.

Since 2008 when the global financial system suffered a mortal blow, Western central banks have done everything both rational and irrational to try to save the dying system.  And ironically it was through these actions that allowed China and Russia to rise up and seize control over numerous markets and platforms over the past decade, leaving both the dollar, and the reserve currency system, to stand on the brink of a new currency ready to take its place.

The Daily Economist update for Dec. 19 2017 - U.S. Finance and Economics Report


Another country appears ready to dump the dollar in bi-lateral trade with China

With China being within days or weeks of sticking a dagger into Petrodollar hegemony through the implementation of a new yuan-denominated oil contract, the likelihood or more and more countries willing to participate in yuan denominated trade also increases.

And according to sources on Dec. 19, the next economy that appears to be jumping on the bi-lateral trade bandwagon in using the yuan currency is that of Pakistan.

The government of Pakistan is considering a proposal to start using the Chinese yuan in trade with China, according to the Interior Minister Ahsan Iqbal, as quoted by Pakistan’s English-language daily Dawn. 
“We are examining the use of yuan instead of the US dollar for trade between the two countries,” the minister told the media after the official launch of the Long Term Plan (LTP) for the China-Pakistan Economic Corridor (CPEC). 
Bilateral trade between Pakistan and China was worth $13.8 billion in 2015 to 2016, a decade after the countries signed a free trade agreement. Pakistan will continue to use the rupee domestically, according to Iqbal. 
The LTP includes cooperation between the countries in energy, information network infrastructure, road and rail connections, trade and industrial parks, tourism, agriculture, and poverty alleviation. The plan will be implemented in three phases, the first ending in 2020, followed by another in 2025, with completion in 2030. – Russia Today

Bitcoin.com founder and cryptocurrency pioneer dumps his bitcoin and calls it a 'risky investment'

Within the past month, two pioneers in the cryptocurrency space have suddenly backtracked on the 'buy and hold' philosophy when it comes to Bitcoin, and instead have been advocating to take your profits while you can.

The first was Jeff Berwick of The Dollar Vigilante, who suggested holders of Bitcoin sell at least a part of their investment and move their profits into undervalued assets such as gold and silver.

And now the latest to suddenly see Bitcoin as an 'extremely risky' investment is one of the co-founders of the Bitcoin.com website, who reported that he has sold all of his Bitcoin and is advocating that people stay away from it for better alternatives such as Bitcoin Cash.

The co-founder of Bitcoin.com, one of the world’s largest sites devoted to the leading virtual currency, has sold all his bitcoins and recommends people stay away from it for the moment and look for alternatives. 
“I would say an investment in bitcoin is right now the riskiest investment you can make. There’s an extremely high risk,”Emil Oldenburg said in an interview with Swedish tech site Breakit. 
“I have in fact sold all my bitcoins recently and switched to bitcoin cash,” he added.
Oldenburg complains about long transactions with high fees. According to some estimates, bitcoin transaction fees are doubling every three months, and an average bitcoin transaction is takes four and a half hours to be confirmed. The average trading fee peaked at $26 recently. 
The reason why bitcoin users don’t understand its cons is that they only buy it and don’t sell or trade it, according to Oldenburg. 
“As soon as people realize that this is how it works, they will start to sell. The old bitcoin network is as good as unusable,” he said. – Russia Today

Sunday, December 17, 2017

Yuan denominated oil contract finally hitting home as Trump administration preparing for economic war to save the Petrodollar

Now that Washington's gambit to try to start a war in North Korea has failed, it appears that the Trump Administration is finally recognizing that economic threats from Beijing to the long-standing Petrodollar system are now very real.  And this is in large part due to China's moving forward with a Yuan denominated oil contract that may or may not also be tied to gold sometime in the future.

Control over how oil is priced is the primary mechanism that has allowed the U.S. to print the world's sole reserve currency.  And with China set to go online with their alternatively denominated oil contract between now and early January, President Trump is preparing to accuse the Far East economy of 'economic aggression' despite the fact that Washington has used this tool, as well as many other resources, to try to dissuade any and all governments from ditching the dollar.

Just a few short days after Chinese regulators gave the greenlight to petro-yuan futures trading, signaling an escalation in the war against dollar hegemony, President Trump is reportedly set to accuse China of "economic aggression" in efforts to "undermine international order" during his national security strategy speech on Monday. 
The last week has more intriguing than usual in the world of Sino-US relations - not only did China push ahead with its plans for a yuan/gold-backed oil futures contract, directly threatening the great military-servicing global petrodollar recycling scheme; but Washington appeared to do an about-face in its rhetoric towards North Korea, as Secretary of State Tillerson indicated that the US would be willing to hold talks with North Korea without any preconditions. 
Both actions could be seen as tilting towards China (obviously with the oil trading and more what China had hoped for on North Korea), appear to have prompted Trump to go on the offensive, as The FT reports, Donald Trump will accuse China of engaging in “economic aggression” when he unveils his national security strategy on Monday, in a strong sign that he has become frustrated at his inability to use his bond with China’s President Xi Jinping to convince Beijing to address his trade concerns. 
Several people familiar with the national security strategy - a formal document produced by every US president since Ronald Reagan - said Mr Trump would propose a much tougher stance on China than previous administrations. 
“The national security strategy is likely to define China as a competitor in every realm. Not just a competitor but a threat, and therefore, in the view of many in this administration, an adversary,” said one person. 
“This is not something that they just cooked up. Mar-a-Lago interrupted the campaign rhetoric, and Xi Jinping took a little gamble and came here and embraced Trump. Trump said ‘fine, do something on North Korea and on trade’, but that didn’t work out so well.” – Zerohedge
The biggest irony of course in all of this is that the U.S. has been the one to destroy the reserve currency by both removing it from a gold standard, and then printing it to infinity which has allowed for inflation to be exported to nations forced to use the dollar.  And now that China, Russia, the BRICS, and even countries in the Middle East are ready for an alternative to dollar hegemony, Trump is left with few options but to throw a tantrum against Beijing for a problem the U.S. created themselves.

Friday, December 15, 2017

A rational point of view: The future wealth in the Blockchain won't come from Bitcoin, but from the innovations that come after

Yes it is very true that people are making very good profits from trading cryptocurrencies like Bitcoin.  However just as the way Wall Street scoffed the internet back in the early 90s by saying it would have little or no effect on business, so too will the real wealth of blockchain technology not come from dabbling in the pond of cryptocurrencies, but in the technology and innovations that will come from the platform years from now.

Recently a group of archaeologists and anthropologists published a really interesting, comprehensive study of prehistoric civilizations and their sources in wealth. 
It turns out that the most prosperous people and civilizations across ancient history– and I’m talking 10,000+ years ago before any recorded history– were those who harnessed new technologies to become more productive. 
Back then it was all about agriculture. 
Quite simply, the people and civilizations which embraced and used the technology prospered. Those who didn’t got left behind. 
We’ve seen this over and over again throughout history. The printing press. The advent of machinery in the Industrial Revolution. The emergence of the microchip. The Internet.
Now it’s the technology behind cryptofinance which absolutely has revolutionary power to disrupt the existing financial system. 
Think about it– every single financial function that banks currently monopolize, from deposits to lending to money transfers and currency exchange, can already be done better, faster, and cheaper outside of the banking system. 
On the flip side, it’s obvious that a lot of people have made a lot of money in cryptocurrency. 
And that’s great. Plenty of money has been made… and there may likely be plenty more money to be made speculating in the cryptocurrencies themselves. 
But the big money has always been made by the folks who were on the forefront of developing the technology and applying it to bigger and bolder uses… NOT speculating on price volatility. 
Back in ancient times, once people discovered that horses and oxen could multiply the labor of human beings, there were probably plenty of traders who made money speculating in animal prices. 
But the real wealth was made by people who applied that new ‘technology’ to bigger problems and fundamentally changed the way their societies did business.
This will very much be the case with cryptofinance. – Sovereign Man
If you really think about it, the total market cap of all the cryptocurrencies is around $500 billion, but the market cap of Amazon.com alone is $567 billion.  And their value is not based on current earnings and fundamentals, but in the expectation of their ability to innovate in online retail over the long haul.

Most cryptocurrencies will be like the Dot Com companies... rising in price over a period of time, then crashing out of existence once the mania that drove them dies off.  But the fundamental technologies outside of cryptocurrencies is where the real money will be made during the next chapter, and the smart people are preparing for, and investing in that future.

With the rising popularity of cryptocurrencies, central bank's around the world are ready to create their own digital currencies

Over the past month we have written about Russia's trek towards the creation of the Crypto-Ruble, and China's plan to create a digital RMB.  However thanks in large part to the growing popularity of cryptocurrencies, central banks, particularly in the West, are beginning to jump on board this phenomenon in a big way.

Sweden’s Riksbank, the world’s oldest central bank, is exploring the possibility of a digital register-based e-krona; the Reserve Bank of New Zealand is researching whether its physical currency could be replaced by a digital alternative; the Bank of England is trialling blockchain-like systems; the Monetary Authority of Singapore is examining the use of distributed ledger technology for clearing and settlement of payments; and the PBoC said in October that it had completed tests on algorithms for a prototype of its own digital currency. 
Now the Reserve Bank of Australia (RBA) has entered the fray with an all too familiar refrain. 
We’re paraphrasing…Bitcoin is bad, the realm of criminals and little more than a speculative mania, but the technology underlying Bitcoin has great potential, which we can exploit in time with our own “superior” digital currency. - Zerohedge
Perhaps the public should not be surprised that central banks are ready to jump into the crypto/digital game while the iron is hot, because we must remember just last year their clarion calls to eliminate physical cash, and now they are receiving a gift in their hands by people voluntarily moving out of cash and into digital currrency.

Wednesday, December 13, 2017

After two weeks of strong selloffs, has gold bottomed leading into today's Fed rate hike announcement?

With the mania of Bitcoin taking the spotlight, even so much so that CNBC has virtually dedicated the entire week to talking about the cryptocurrency, gold appears to have been relegated to the back shelf, seeing a series of selloffs and dumps that has taken it below its 200 day moving average.

But with the past couple of days having gold hold onto a tight range between $1238 and $1247, has the precious metal price bottomed out as the world awaits Janet Yellen's swan song call of a new interest rate hike?

Chart courtesy of Silver Doctors
We may well have just seen the bottom in gold and silver yesterday: 
That is not to say we can’t take another trip down, and the move faded overnight. 
The significance of today cannot be understated. 
Today is December FOMC day. In 2015, silver bottomed two days before this day, and in 2016, silver bottomed six days after. 
In other words, we either saw the bottom yesterday, or we are very near the bottom right now. – Silver Doctors
Perhaps in about 20 minutes we will find out the answer to this question. 

21st century Pay per View? Major online video sites (not Youtube) use cryptojacking software to use your pc to mine cryptos

In what could easily be described as an induced form of 'Pay per View', a number of major online video sites such as Openload, Streamango, and Rapidvideo are allegedly using cryptojacking software to have your pc help them mine cryptocurrencies while you view online video content on their sites.

Each month almost one billion visitors to four popular video sites are being unwittingly forced to mine cryptocurrency, according to a report on the practice of so called cryptojacking. 
The video sites Openload, Streamango, Rapidvideo and OnlineVideoConverter are allegedly loading mining software on to visitors’ computers, making them generate tokens for the bitcoin-like cryptocurrency Monero, according to security firm Adguard. 
The mining program is loaded into the users’ browser when the video player is downloaded ready to stream the video. Victims are not notified and are unaware that their computer is working hard to generate Monero. The only sign for most users would be that their computer is running slowly while playing the video. 
Meshkov said: “The total monthly earnings from [this] cryptojacking, taking into account the current Monero rate, can reach $326,000. These are simply outrageous figures.” – The Guardian

The Daily Economist update for Dec. 13 2017 - U.S. Finance and Economics Report - Fed Day!


Zabercoin: the next resource backed cryptocurrency that will be tied to property, rentals, and real estate

With a whole myriad of new cryptocurrencies sprouting up on average of more than one per day, it would seem that if something has any type of value then someone will see fit to tokenize it.  And while we have published numerous articles over the past six months on cryptocurrencies being created which are backing themselves with assets such as gold, diamonds, and oil, a new crypto out on Dec. 13 is looking to profit from the tokenizing of real estate.

Meet Zabercoin.  The cryptocurrency that will be backed by real estate and rental properties that are primarily held in emerging markets.

Zabercoin is an asset-backed cryptocurrency. Therefore, with Zabercoin we combine the blockchain technology with physical asset investments like real estate and lucrative companies more specifically located in emerging markets (EM) with recurring income re-invested to ensure growth, research and development. Zabercoin limits your exposure to the downside risk of many existing cryptocurrencies. Zabercoin has a floor price right from the time of its inception. Each Zabercoin is backed by lucrative property and therefore we can safely state that it will always have a real or intrinsic value that will give peace of mind to the investor and user. 
Zabercoin is the future of real estate. The mission of Zabercoin is to become the preferred real estate digital token in the global blockchain real estate market environment. 
Zabercoin prides itself with a very strong and dynamic management team with many years of experience combined in the asset management, property development, investment, IT, finance, business, law and cryptocurrency space. 
ATTRACTIVE BONUS STRUCTURE WHEN BUYING ZABERCOINS (ZAB) 
Standard price: 1 ETH = 35 ZAB 
Token price in ETH for Main ICO: (1 Dec 2017 – 16 January 2018) Minimum pay only 0.1 ETH. 
Different bonuses, see the table below. 
1 ETH = 35 ZAB (0% bonus) to 52,2 ZAB (50% bonus). 
Bonus   Week        FROM (UTC)                 TO (UTC)                       Rate      Price50%        1              01.12.2017 – 11:00:00     08.12.2017 – 11:00:00     52,50     $5,71
40%        2              08.12.2017 –  11:00:00    15.12.2017 – 11:00:00     49,00     $6,12
30%        3              15.12.2017 – 11:00:00     22.12.2017 – 11:00:00     45,50     $6,59
20%        4              22.12.2017 – 11:00:00     29.12.2017 – 11:00:00     42,00     $7,14
10%        5              29.12.2017 – 11:00:00     05.01.2018 – 11:00:00     38,50     $7,79
0%          6              05.01.2018 – 11:00:00     End of round                    35,00     $8,57 - Live Bit Coin News