Gold Silver Reports (GSR) – Bitcoin Mining Banned for First Time in Upstate New York Town — A small lakeside town in upstate New York is fed up with Bitcoin miners using up so much of its low-cost electricity.
Wall Street
Bitcoin’s Premium to Gold Looks Set to Get Hit by Fed Hikes
Gold Silver Reports (GSR) – Bitcoin’s Premium to Gold Looks Set to Get Hit by Fed Hikes — Bitcoin’s soaring premium to gold is being eroded as the digital currency faces regulatory scrutiny and lower demand. The convergence is likely to accelerate with help from the Federal Reserve, according to Mike McGlone, a strategist at Bloomberg Intelligence, who says rate hikes have marked bitcoin tops and gold bottoms.
Wall Street Close Flat, Indexes Post Best Week of 2016
Gold Silver Reports – Wall Street ended little changed on Friday, as Applied Materials helped lift the tech sector and offset a renewed drop in oil prices, with major indexes capping their best week of the year.