itBit Files for Banking License in New York

Posted on April 28, 2015

Bitcoin exchange itBit has filed for a banking license in New York, Reuters reports. Approval for the license may come in the next couple of weeks, people familiar with the matter told Reuters. That could make itBit the first Bitcoin company to be regulated as a bank in the United States. Founded in 2012, itBit has offices in two key financial markets, New York and Singapore. The company moved its headquarters from Singapore to New York in 2014. “Bitcoin has become mainstream, the volume of bitcoin trading has grown exponentially, and the majority of bitcoin trading now takes place in the U.S.,” said CEO Charles Cascarilla. “Regulators are getting clearer about their policies, and we’re hopeful that we will be […]

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Singaporean Bitcoin Exchange CoinHako Insures Holdings Through BitGo Partnership

Posted on April 28, 2015

Singaporean-based Bitcoin exchange, CoinHako, has integrated the BitGo digital currency security platform and insurance offering and will now be run with multi-signature wallets and a state-of-the-art platform, and their holdings will be insured against theft and hacks. The insurance offering is through an undisclosed A-rated insurer from XL Group, which covers up to $250,000 of losses for all BitGo customers. Clients can choose to increase the amount with a 1 percent flat fee. The security firm also provides transparency, improved management controls and internal checks for better monitoring of the exchange’s security. “We’re excited to have CoinHako’s Bitcoin exchange secured on our platform”, said BitGo CEO Mike Belshe. “The team at CoinHako has been a great development partner, and we […]

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Marco Signs Pledge Not To Raise Taxes

Posted on April 28, 2015

Hailed as leader of taxpayer protection movement Earlier today, Marco made a written commitment to the taxpayers of the United States that as President, he will oppose and veto any and all efforts to increase taxes. As a state legislator and now as U.S. Senator, Marco has made — and successfully kept — the same…

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Gold Rises, Silver Surges on Short-Covering and Physical Demand – Greece, Ukraine, Russia Risks

Posted on April 28, 2015

– Gold rises over 2% while silver surges 4.4% – Speculators caught off guard as prices rose forcing them to cover their short positions – Concerns re defaults by Greece and Ukraine – Geopolitical risk of conflict in Middle East and with Russia remain – Price rises were accompanied by strong physical demand Precious metals […]

The post Gold Rises, Silver Surges on Short-Covering and Physical Demand – Greece, Ukraine, Russia Risks appeared first on GoldCore Gold Bullion Dealer.

US Silver production declines 11% m m in January Imports up by 25% m m

Posted on April 28, 2015

United States silver production declined by 7% year-on-year to 89, 100 kilograms in January and also down 11% compare to December 2014 production of 99, 900 kilograms. However, United States total silver imports advanced to 566, 000 kilograms in Januar…

President Obama Meets with U.S. Attorney General Loretta Lynch

Posted on April 28, 2015
President Barack Obama meets with Attorney General Loretta Lynch in the Oval Office, April 27, 2015

President Barack Obama meets with Attorney General Loretta Lynch in the Oval Office, April 27, 2015.

(Official White House Photo by Pete Souza)

At the Department of Justice this morning, Vice President Biden swore in Loretta Lynch as the newest Attorney General of the United States.

This afternoon, President Obama met with the new Attorney General to welcome her on board and to get an update on several issues — including the current events in Baltimore following the death of Freddie Gray.

Read the full readout from today’s meeting below:

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America’s Response to the Earthquake in Nepal: What We Can Do to Help

Posted on April 27, 2015

“To the people in Nepal and the region affected by this tragedy, we send our heartfelt sympathies. The United States stands with you during this difficult time.” — Secretary of State John Kerry

On April 25, 2015 — at 2:11 a.m. ET — an earthquake struck at the heart of Nepal, just 77 kilometers northwest of its capital city, Kathmandu. The earthquake’s magnitude registered at 7.8, followed by more than 20 aftershocks that ranged between 4.5 and 6.6 on the Richter scale. 

Nearly a million children “severely affected” by earthquake in #Nepal, UNICEF says: http://t.co/nRxwDTRBGn pic.twitter.com/symiG6hVPn

— Reuters Top News (@Reuters) April 27, 2015

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