UPDATE 2-China official says US could pursue weak dollar policy | Reuters

China should guard against risks from “excessive” holdings of U.S. assets as Washington could pursue a policy to weaken the dollar, a senior currency regulator said in comments published on a website that briefly pushed the dollar lower.

However, the comments by Guan Tao of the State Administration of Foreign Exchange were quickly removed from the website at his request.

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Bitcoin miners busted? Police confuse bitcoin power usage for pot farm – Computerworld Blogs

Bitcoin, one of the world’s newest currencies, is an open source, peer-to-peer currency that does not exist in physical form. It’s owned and traded by means of an anonymous P2P network, without any third-party intermediary like a payment processor, without any government issuing or tracking the virtual currency. While there is a limit of only 21 million bitcoins to be generated by the year 2140, bitcoin is “free” to generate and is created by “bitcoin miners.”

The implication is that a completely untraceable underground economy will emerge using bitcoin.

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