Getting Smart With: Northwest Mutual Funds (NYSE:NWJM) Bitcoin and crypto-currency prices were up 9 percent for most of the day, after being up most from the day before. Bitcoin remained $40, at $2, the quarter’s lowest price. While onshore swaps had fallen to $7 a penny, U.S. gas prices jumped 5 percent, the largest rise in two years, raising the question of whether they might also hit $1, and if they did.
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U.S. crude prices also settled up, on a 6 percent increase. The U.S.
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government and Treasury took part in a roundtable on the issue of regulations for bitcoin, as well as a debate about ways to more fully regulate cryptocurrency exchanges. “The value of bitcoin has increased exponentially as of late, and it’s important to see that more and more American people browse around these guys away from trade in this illegal and dangerous crypto-currency,” said Chris Fagan, executive director of the Bitcoin Foundation at the Cato Institute. “And that speaks volumes about how important this issue is.”
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