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Physical version of gold-backed token replaces Zimbabwe dollar
30.4.2024
The country has struggled with an unstable currency for years, but now it will have one backed by reserves three times larger than its issuance
Bitcoin.org Owner Cobra Warns About Illegalization of Bitcoin Self-Custody in the US
30.4.2024
Cobra, the pseudonymous owner of the Bitcoin.org domain, has voiced concerns about future actions from the U.S. government regarding bitcoin ownership. He anticipates a possible ban on the self-custody of bitcoin even when its application and enforcement might be impractical. Bitcoin.org Owner...
In a Sea of Mining Giants, One Solo Miner Strikes Digital Gold by Finding Bitcoin Block 841,286
30.4.2024
While bitcoin mining has become increasingly difficult and block rewards have dropped from 6.25 bitcoins to 3.125 bitcoins, a solo miner discovered block 841,286. Bitcoin’s Harsh Mining Climate Yields Treasure for One Solo Entity Mining bitcoin (BTC) has become significantly challenging...
Four Arrested in an Alleged $1.5 Million Gold Coast Crypto Investment Scam
29.4.2024
Queensland Police have taken action against an alleged cryptocurrency investment fraud operating on the Gold Coast, resulting in the arrest and charging of four individuals.
The post Four Arrested in an Alleged $1.5 Million Gold Coast Crypto Investment Scam appeared first on Cryptonews
Bitcoin Price Prediction as BTC’s Market Cap Reaches $1.3 Trillion – Can it Overtake Gold?
23.4.2024
As Bitcoin navigates complex fiscal and technical landscapes, its price hovers at a crucial pivot, signaling potential shifts in investor strategy and market dynamics.
The post Bitcoin Price Prediction as BTC’s Market Cap Reaches $1.3 Trillion – Can it Overtake Gold? appeared first...
Tether Expands to TON Blockchain With $60M USDT Launch
22.4.2024
Tether has partnered with the TON Foundation, launching $60 million of USDT on The Open Network (TON) blockchain as announced at the Token2049 event in Dubai, making TON the 11th largest blockchain out of 16 supproting Tether. This collaboration also introduced the gold-pegged Tether Gold (XAUT)...
Russia Warns US of Further Aggravation After Funding Bill Passes Amid Heightened Geopolitical Strife
22.4.2024
Amid ongoing global tensions, the price of gold remains robust at $2,391 per troy ounce, while bitcoin continues to trade at a 12% deficit from its peak value. Recently, the U.S. House of Representatives approved a series of funding bills for Ukraine, Israel, and Taiwan. Following the bill’s...
Where To Find Fool's Gold In Final Fantasy 16
19.4.2024
Just like Echoes of the Fallen, Final Fantasy 16’s The Rising Tide DLC adds quite a few new pieces of gear for Clive to use. Among these is the Tonberry Knife, which uniquely deals low HP damage in exchange for inflicting high Will damage. Whether you want this blade for its stats or its glamour...
Economist Peter Schiff Declares ‘Bitcoin Fad is Over’ as Gold Prices Soar
19.4.2024
After the overnight Israeli retaliatory strikes against Iran, gold prices have settled around $2,388 per ounce, having briefly touched the $2,400 mark right after the events. Over the last five days, gold has increased by 1.85%, while bitcoin has declined by 8% since the onset of the conflict last...
World Gold Council Sees Gold as Underowned, Forecasts Continued Rally
18.4.2024
The World Gold Council, an authority in global gold markets, expects the recent gold price rally to continue, supported by geopolitical risks, steady central bank purchases, and demand for coin and jewelry. The council also sees gold ETFs fueling a future rise in prices given their precious...
Peter Schiff Explains Why Gold’s Price Is Rising — Warns Bitcoin Is a ‘Gigantic Bubble’
17.4.2024
Economist and gold bug Peter Schiff has explained why the price of gold is rising, warning that bitcoin is a “gigantic bubble.” He expects gold to be in “double digits” by next year. Meanwhile, he said that bitcoin is in a bear market and the price of the cryptocurrency...
Exploding Gold Sales at Pawnshops Offers Lesson for Bitcoin Bulls
16.4.2024
As always, rising prices bring forth boosted supplies
Bitcoin vs. Gold: The great digital vs. physical showdown
15.4.2024
In the last few years, Bitcoin and Gold have amassed unmatched growth in the market. The original crypto, Bitcoin, has become synonymous with explosive growth. On the other hand, gold has maintained its status as a safe haven against market volatility. However, Bitcoin’s stable performance during...
HSBC Looks To Broaden Tokenized Asset Offerings after Gold Token Launch
15.4.2024
HSBC, one of the world’s largest banking services, intends to broaden its array of tokenized assets. CEO Noel Quinn said the bank will ensure these offerings are firmly anchored in reality.
The post HSBC Looks To Broaden Tokenized Asset Offerings after Gold Token Launch appeared first on Cryptonews
Goldman Sachs Raises Gold Price Forecast to $2,700, Acknowledges Rise Not Caused by Usual Macro Factors
15.4.2024
Goldman Sachs, a leading investment banking institution, has updated its gold price forecast due to the unforeseen strong performance of the metal in 2024. In a note directed to investors, the bank expects gold to reach $2,700 per ounce by year’s end, pushed by non-traditional factors....
Gold-Backed PAXG Token Spikes to $2.9K Amid Geopolitical Tensions
14.4.2024
Bitcoin traded at a perfect negative correlation to PAXG in a sign of weak demand as a geopolitical hedge, according to one observer
Gold and Silver Weather the Storm as Middle East Unrest Shakes Crypto Markets
14.4.2024
Over the weekend, cryptocurrency assets saw a significant drop, with the crypto economy shedding more than 5% to fall to $2.3 trillion, while precious metals also saw declines, albeit less severe than the digital currency sector. Amidst the ongoing turmoil in the Middle East, gold fell by 1.18%...
Costco Gold Business Booming: Estimations Put Monthly Sales Close to $200 Million
12.4.2024
According to Wells Fargo estimations, U.S.-based retailer Costco runs a $200 million gold business monthly. Consumer trust in the organization and its aggressive pricing have made Costco’s one-ounce bars of 24-karat gold a popular choice for investors, who take advantage of 2% over market...
Rate Cuts Could be ‘Out the Window’ After March CPI Data Reveals Stubborn Inflation, Tradestation Exec Says
10.4.2024
The U.S. Consumer Price Index (CPI) experienced a higher increase than anticipated in March, climbing by 0.4% over the month to reach 3.5%. The Bureau of Labor Statistics reported that the rise was primarily fueled by increases in shelter and gasoline costs. This acceleration in the inflation rate...
Bitcoin’s “Digital Gold” concept doesn’t generate growth in like Octoblock
9.4.2024
By referencing the Bitcoin ETF, Bitcoin may offer stability and store of value properties like gold but lacks the growth potential that innovative projects like Octoblock present. While Bitcoin has been compared to gold, and many investors see it as a hedge against inflation and economic...