Daily Archives: August 9, 2017

This Is How South Koreans Are Trading The North Korea Crisis

zerohedge.com / by Tyler Durden / Aug 9, 2017 1:17 PM

Something odd is going on in the cryptocurrency world of Ethereum each time a North Korean headline hits the tape…

The price of the cryptocurrency/platform Ethereum has soared in the last two weeks from under $180 to over $300 – massively outperforming its peers. At the same time South Korea’s KOSPI has fallen just 3.5% and the Won dropped just 2.4% as its nuclear neighbor turns up the armageddon amplifier to ’11’.

Goldman explains ‘What Is Ethereum?’

Answer: A Platform 1st, a Cryptocurrency 2nd. Ethereum differs primarily from Bitcoin in the latter is set up to be an alternative to ‘real money’ while the former is more of a platform set up to run any decentralized application and automatically execute “smart contracts” when certain conditions are met. Ethereum offers a digital currency like Bitcoin – called Ether – but this is just one component of its smart contract execution and primarily used to facilitate and reward using the network. However, the rise of Ethereum has not come without setbacks, including the ~$60 million hack of “The DAO”, a venture capitallike organization with the mission of “investing” in Ethereum-related start-ups and projects (and is no longer operational today).

Ethereum’s recent dizzy rise and the catalysts for each volume surge…


The post This Is How South Koreans Are Trading The North Korea Crisis appeared first on Silver For The People.

What matters more in the arms trade – money or morals?

The Canadian government has launched an immediate review into allegations the military vehicles it sold to Saudi Arabia have been used against civilians. The controversy has reopened the debate about the ethics of selling weapons. Canadian Prime Minister Justin Trudeau is under pressure to suspend a multi-billion dollar weapons deal with Riyadh. For many countries […]

‘Bring on the Forks’: Bitcoin Traders See Improving Price Outlook for 2017

There’s two bitcoins now? It’s safe to say uncertainty cast a pall over the cryptocurrency markets last week when on August 1, a group of developers and miners split the blockchain and created a new cryptocurrency. It was the first (high-profile) bitcoin fork to date, and in response, the price very well could have entered a […]

Democrats demand US agencies reveal how much they spend at Trump businesses

WASHINGTON — The Democrats serving on the House Oversight Committee launched an investigation Tuesday into federal tax dollars being spent at President Donald Trump’s businesses. The 18 lawmakers, led by Rep. Elijah Cummings of Maryland, sent letters to Cabinet secretaries and agency leaders requesting documents and asking how much their departments are spending on products […]