Pedro joins Darren and JJ in the studio : Pedro finally receives his Butterfly Labs Jalapeno : Dustcoin.com provides a great resource for miners of any cryptocurrency : An OpEd piece on the possible centralization of Bitcoin mining : Bitcoin better than gold : Germany wants their gold back from the Federal Reserve : Lamassu BTC Ventures is working on getting their Bitcoin Machine to market : Fox News has issues with Bitcoin
Bitcoin illegal in Thailand : Gold imports temporarily banned in Pakistan : a Self-Regulating Organization starts up for Bitcoin : Tor suffers a large outage following the arrest of Freedom Hosting owner : a briefcase bitcoin ATM : Casascius Coins could be compromised : Brigham Young University accepts bitcoin for student housing
Markets reacted as expected today except for news broadcast by the CME group. As we discussed on our most recent podcast. Bitcoin market rose Monday morning in response to the opening of the legacy banking system. Somewhat surprising the rally seems to be led by buying with US dollars. Only moderate volume is reported on btcchina.com.
Gold buying in Asia seems to remain strong. The US paper gold markets took a little dip brought on by the CME group announcement of increased margin requirements on copper. This probably encouraged selling of gold to cover copper positions.
CME group increasing margin requirement: http://www.kitco.com/reports/KitcoNews20130506AS_copper.html