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The World Gold Council has addressed what it believes to be contrasting characteristics between gold and the ‘digital gold’ that is Bitcoin #ANALYSIS Go to Source Powered by WPeMatico
Perth Mint, Australia’s largest gold refiner, has announced plans for the development a cryptocurrency backed by physical gold. If successful in developing the altcoin, it will join a long list of virtual currencies seeking to entice cryptocurrency investors to experiment with commodity-backed virtual currencies, including Venezuela’s soon to be launched ‘petro’. Also Read: Venezuela Considers Selling … Read more
As cryptocurrencies have grown popular over the past year, researchers have noticed an inverse relationship between gold and bitcoin markets. Over the past two weeks, as cryptocurrency markets have slumped, financial analysts are reporting even more data about the correlation between both assets. Also Read: Markets Update: Cryptocurrencies Try to Regain Strength After the Recent Dip Researchers … Read more
A number of gold investment industry insiders claim up to fivefold increases in sales during a week of volatility on the crypto market. #NEWS Go to Source Powered by WPeMatico
Researchers with the St. Louis Federal Reserve see cryptoassets as an important future asset class, comparing Bitcoin’s role to that of gold. #NEWS Go to Source Powered by WPeMatico
The advisors of the Venezuelan government have recommended that the country’s oil-backed cryptocurrency, the petro, be sold in private placements at a discount of up to 60 percent. 38.4 million petros, with a face value of around $2.3 billion, could go on sale starting on February 15. Also read: South Korea Urges 23 Countries, EU, and … Read more
The market cap of cryptocurrencies, the world’s fastest growing asset class, has surpassed $677 billion. And bitcoin itself has surged past the payment processing company Paypal and the fast food company McDonald’s. Still, it looks tiny compared to other global markets. Also Read: Chinese Bitcoin Mining Giant Bitmain Establishes Branch in Zug, Switzerland The site The … Read more
Bitcoin was created as a payment system, but fails to become one. Arthur Iinuma discusses the future of still the main cryptocurrency #EXPERT BLOG Go to Source Powered by WPeMatico
Since Bitcoin made the bold step towards being digital gold it would seem that it may have inadvertently also sunk its dominance in the cryptomarket. #ANALYSIS Go to Source Powered by WPeMatico
The Venezuelan government has published a decree outlining the operation of Venezuela’s national cryptocurrency, the Petro. It details the government’s plans for the new currency, including its issuance, mining, and trading. In addition, the Petro will be backed by 5 billion barrels of crude oil. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, … Read more
