Fiat vs Gold vs Bitcoin, 2012 Charts and Rankings
Have look at how gold and Bitcoin performed in 2012 with charts stats from Run to Gold, Priced in Gold, GoldSilver.com and more.
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WebMoney now available in Turkish and Portuguese
“The number of languages WebMoney Transfer system supports has been extended. Now websites, services and WebMoney applications are available in Turkish and Portuguese.”
“Moreover WebMoney users living in Brazil, Turkey, Portugal and other countries, which together number 70 mn citizens speaking Turkish and 200 mn of Portuguese speaking residents, now get financial and technical support provided in their native languages.”
WebMoney is now available in Russian, English, Spanish, Portuguese, Chinese, Turkish, Vietnamese and Indonesian.
From the WebMoney blog.
List of Bitcoin court cases, complaints, regulatory actions, etc.
A member of the bitcointalk.org forum, Stephen Gornic, has compiled a list of notable Bitcoin legal events from the past few years.
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Central Bank of Russia issues gold and silver bullion pieces that ‘must be accepted’ as legal tender
On the 17th the bank issued three values of bullion:
- 31.1g silver pieces with a 3RUB face value
- 7.78g gold pieces with 50RUB face
- 15.55g gold pieces with a 100RUB face value
These bullion pieces are legal tender in the Russian Federation.
GATA’s Chris Powell explains the importance of gold price manipulation
“It’s the destruction of markets and it’s the manipulation of the value of all capital, labour and goods and services in the world.“
In a recent appearance on RT’s Capital Account GATA’s Chris Powell gave an excellent explanation of why market manipulation is an important issue.
“What they are doing is really [trying] to seize control of everything economic in the world. And really surreptitiously behind peoples backs. It’s an essentially tyrannical system, that is what we are trying to expose. “
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Blanchard Vault makes gold and silver ownership affordable
Blanchard Vault Inc is a new precious metals dealer based in Nevada that aims to provide “U.S. residents with an efficient and liquid way to buy, own and sell physical, 100% fine gold and silver bullion.”
Gold and silver purchased through Blanchard Vault are stored in 1-kilogram (32.15 oz) gold bars and 1,000 ounce silver bars. Customers can purchase an entire bar or a fraction of a bar, from as little as $25.
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Dwolla continues to add new services
In the last month the on-line payments company has added two new service, guest checkout and payment via twitter.
Last month Dwolla solved the “chicken and the egg” problem by introducing a guest check out option.
Dwolla’s Jordan Lampe explains “One of the big pain points [for Dwolla] was that to make a payment online, you had to have a Dwolla account, and you had to have money in that account,… So what we’re doing with this is saying, ‘let’s cut ourselves out of the equation.’”
Euro Pacific Bank Reduces its Gold and Silver Selling Fee from 4% to 0.5%
This is good news for customers using the bank’s gold or silver backed debit cards.
Currently, to use these cards you need to have a USD account with the bank and fund this account by selling your gold/silver. This fee reduction means it’s more economically viable for clients to sell their metals and load up their cards.
No Such Thing as a Bitcoin Bank
Bitcoin Central, a Bitcoin exchange based in France, has announced that they are the “first exchange licensed to operate as a bank.”
This is certainly exciting news for Bitcoin’s acceptance and ease of use, but one line in this announcement struck me. They clarified that they are not exactly a bank, but a payment services provider “which is basically the same as a bank, just without the debt-money issuing part.” That’s right; they can’t be a bank because they don’t create money out of thin air. After all they’re working with Bitcoins, it’s just not possible.