{"id":5682,"date":"2011-06-21T11:03:22","date_gmt":"2011-06-21T15:03:22","guid":{"rendered":"http:\/\/drduru.com\/onetwentytwo\/2011\/06\/21\/links-for-2011-06-21\/"},"modified":"2011-06-22T18:38:27","modified_gmt":"2011-06-22T22:38:27","slug":"links-for-2011-06-21","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2011\/06\/21\/links-for-2011-06-21\/","title":{"rendered":"links for 2011-06-21"},"content":{"rendered":"<ul class=\"delicious\">\n<li>\n<div class=\"delicious-link\"><a href=\"http:\/\/www.cnbc.com\/id\/43464477\/\">BitCoin HackCrash Raises Doubts About Viability of Virtual Currency &#8211; CNBC<\/a><\/div>\n<div class=\"delicious-extended\">The dramatic crash in the value of BitCoins on the most popular exchange for trading the electronic currency-substitutes highlighted the dangers investors face when dealing in BitCoins.<\/p>\n<p>The value of BitCoins dropped on Sunday from $17 each to just pennies on the most popular exchange, called, Mt. Gox, according to media reports.<\/p>\n<p>Trading was suspended and the exchange\u2019s administrators blamed the crash on a hacked user account. It said that many trades would be reversed. Let\u2019s call it a \u201cHackCrash.\u201d<\/p><\/div>\n<div class=\"delicious-tags\">(tags: <a href=\"http:\/\/www.delicious.com\/DrDuru\/BitCoin\">BitCoin<\/a> <a href=\"http:\/\/www.delicious.com\/DrDuru\/currency\">currency<\/a> <a href=\"http:\/\/www.delicious.com\/DrDuru\/internet_security\">internet_security<\/a>)<\/div>\n<\/li>\n<li>\n<div class=\"delicious-link\"><a href=\"http:\/\/www.cnbc.com\/id\/43473039\">Trades Reveal China Diversifying Away From Dollar &#8211; Financial Times<\/a><\/div>\n<div class=\"delicious-extended\">China began diversifying away from the U.S. dollar in earnest in the first four months of this year, most likely by buying far more European government debt than U.S. dollar assets, according to estimates from Standard Chartered Bank.<br \/>\nChina\u2019s foreign exchange reserves expanded by around $200 billion in the first four months of the year, with three-quarters of the new inflow invested abroad in non-U.S. dollar assets, the bank estimated.<\/div>\n<div class=\"delicious-tags\">(tags: <a href=\"http:\/\/www.delicious.com\/DrDuru\/China\">China<\/a> <a href=\"http:\/\/www.delicious.com\/DrDuru\/currency\">currency<\/a> <a href=\"http:\/\/www.delicious.com\/DrDuru\/U.S._dollar\">U.S._dollar<\/a> <a href=\"http:\/\/www.delicious.com\/DrDuru\/Europe\">Europe<\/a>)<\/div>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>BitCoin HackCrash Raises Doubts About Viability of Virtual Currency &#8211; CNBC The dramatic crash in the value of BitCoins on the most popular exchange for trading the electronic currency-substitutes highlighted the dangers investors face when dealing in BitCoins. The value of BitCoins dropped on Sunday from $17 each to just pennies on the most popular &#8230; <a title=\"links for 2011-06-21\" class=\"read-more\" href=\"https:\/\/drduru.com\/onetwentytwo\/2011\/06\/21\/links-for-2011-06-21\/\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4,20],"tags":[602,26],"class_list":["post-5682","post","type-post","status-publish","format-standard","hentry","category-china","category-forex","tag-bitcoin","tag-currency"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>links for 2011-06-21 - ONE-TWENTY TWO: Trading Financial Markets<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/drduru.com\/onetwentytwo\/2011\/06\/21\/links-for-2011-06-21\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"links for 2011-06-21 - ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"og:description\" content=\"BitCoin HackCrash Raises Doubts About Viability of Virtual Currency &#8211; CNBC The dramatic crash in the value of BitCoins on the most popular exchange for trading the electronic currency-substitutes highlighted the dangers investors face when dealing in BitCoins. The value of BitCoins dropped on Sunday from $17 each to just pennies on the most popular ... 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