Feds Close Silk Road Arrest Owner Steal 26 000 Bitcoins
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Other details released on Wednesday demonstrate that the Fed's expansion from the monetary supply is lacking their desired effect of growing prices inside the rate of two percent per year, with their latest projections predicting increases of 9.2-1.3 percent for 2013, 1.5-1.7 percent for 2014, 1.7-2.0 percent for 2015, and first.9-2.0 percent for 2016. The projected annual boost gross domestic product (GDP) for 2013 and 2014 was revised downward from the June projection, with the 2013 projection dropping to two.0-2.3 percent from 2.3-2.6 percent, and the 2014 projection dropping to two.9-3.1 percent from three.0-3.5 percent.
Bitcoin markets dropped sharply in reply to the thing. On BTC-e, the exchange rate between Bitcoin and USD dropped from 124 to the minimum of 75 in a time period of two hours, and on MtGox, the exchange rate dropped from 139 into a low of 110 your market same period of time. The exchange rates attended up significantly from their lows around this writing, but have not returned onto their former states.
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