Bitcoin Is Soaring: Up Over 10% In One Week On Chinese Buying Spree

Earlier this week, we pointed out that after tracking the recent drop in the Yuan (alternatively, rise in the dollar), bitcoin unexpectedly spiked breaking out of its recent rangebound trade and rising to three month highs following news that China had begun a regulatory crackdown on wealth-management products, which indicated that some of the illicit money parked in these shadow bank conduits, which collectively house just shy of $2 trillion in assets, will slowly drift out of the mainland using such capital outflow “proxies” as bitcoin.

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The FBI Reopens Hillary’s Emails – Too Hot to Handle

Hillary may not be laughing much longer. The FBI has sent a letter to Congress stating that new emails have surfaced and they are investigating new leads. Hillary Clinton’s email controversy has bubbled up once again as FBI Director James Comey told lawmakers the bureau is reviewing new emails related to her personal server. Comey has come out and said he will detail more facts.

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