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Bitcoin is risky digital 'copper', it’s not gold — Goldman Sachs commodities boss
2.6.2021
Jeff Currie, the global head of commodities research at Goldman Sachs, described Bitcoin as a “risk-on” asset that is similar to copper as a hedge against inflation
Bitcoin price crash isn’t over, says JPMorgan strategist
1.6.2021
JPMorgan analyst Nikolaos Panigirtzoglou said that a medium-term fair value for Bitcoin now stands between $24,000 and $36,000
Financial Guru Dave Ramsey Advises Whether One Should Invest in Bitcoin, Other Cryptocurrencies
31.5.2021
Financial guru Dave Ramsey has given advice on whether one should invest in cryptocurrencies, like bitcoin. Ramsey sees cryptocurrency as a get-rich-quick scheme, preferring to make his money in a “methodical” and “boring” way. Dave Ramsey’s Advice on Investing...
Metalla CEO Says Crypto Industry Is a ‘License for the Private Sector to Print Money’
30.5.2021
During an interview this week, Metalla Royalty & Streaming CEO, Brett Heath, explained that he believes cryptocurrencies will lead to the next financial crisis. The precious metals boss said history shows that “mass adoption of a new financial product” typically leads to...
For the long haul? When Bitcoin nosedived, institutions held fast
28.5.2021
Institutional investors know crypto assets are volatile: “They’re making a generational bet and are not deterred by a few weeks of volatility.”
Here's June 2021's Xbox Live Games With Gold
26.5.2021
June’s Xbox Live Games with Gold aren’t too exciting, but hey, they’re games. As always, these games are only “free” if you have an active Xbox Live Gold subscription.Read more
You can now buy gold-backed NFTs with the mining carbon footprint offset
26.5.2021
Wallet provider Lohko has launched gold-backed NFTs offering carbon offsets
Gold hits four-month high following crypto crash
25.5.2021
Spot gold last week hit its highest price level since Jan. 8 after dipping to as low as $1,680 in early March
Comparing the True Costs of Gold Mining in Africa With Those of Bitcoin Mining
24.5.2021
When billionaire Elon Musk announced that Tesla would no longer accept bitcoin as payment for its electric vehicles, the price of the crypto asset tanked. In justifying this decision, Musk cited bitcoin mining’s inefficient use of electricity as well as its impact on the environment. In fact...
Former US Treasury Secretary Larry Summers Says Cryptocurrency Is Here to Stay as Digital Gold
23.5.2021
Former U.S. treasury secretary and chief economist at the World Bank, Larry Summers, says cryptocurrency is here to stay as a kind of digital gold. He believes that people want an alternative to gold that is “separate and apart from the day-to-day workings of governments.” Former World...
Bitcoin $5K ‘kimchi premium’ returns while gold prices surge in Korea
19.5.2021
Bitcoin is trading at 12.5% higher in South Korea than in other markets, while gold prices climb to quarterly highs
Report: South African Taxes and Smuggling Behind Gold’s Price Distortions in Zimbabwe
18.5.2021
Despite gold’s longstanding status as an alternative store of value, the commodity continues to experience unusual price variations in countries like South Africa and Zimbabwe. In turn, such price variances, as well as the rampant smuggling of the commodity, are distorting the precious...
Banking system consumes two times more energy than Bitcoin: research
17.5.2021
According to Galaxy’s estimates, the annual energy usage of Bitcoin stands at 114 TWh, while the banking industry consumes over 260 TWh each year
Banking System Uses Significantly More Energy Than Bitcoin, Research Shows
17.5.2021
A new report shows that the banking system consumes more than twice the amount of energy that bitcoin does. The authors analyzed bitcoin’s energy usage and compared it to the banking and gold industries. Banking System Consumes Much More Energy Than Bitcoin Galaxy Digital published a report...
Mark Cuban to Elon Musk: Accepting Bitcoin Will Actually Benefit the Environment
16.5.2021
Shark Tank star and the owner of the NBA team Dallas Mavericks, Mark Cuban, has made an argument that accepting cryptocurrencies, including bitcoin, will actually help the environment. He told Elon Musk, whose electric car company Tesla has suspended accepting bitcoin, citing environmental...
‘Gold Is Clearly Being Replaced by Digital Gold’- Precious Metal Markets Spike, Strategist Mike McGlone Calls PM Action ‘Meh’
7.5.2021
Precious metals (PM) markets have been trading a bit higher in recent days, while cryptocurrency markets have been seeing gains as well. Spot gold prices have jumped to $1,805 per ounce, up more than 1.3% during the last 24 hours, while silver prices have increased by 2.5%. As PMs have gathered...
Danske Bank Lowers Negative Rate Threshold, Denmark’s Business Minister Says ‘Enough is Enough’
3.5.2021
On April 26, 2021, the Danish multinational banking and financial services corporation Danske Bank published a press release explaining that the institution has changed the threshold for personal customers and standard interest rates for business customers in Denmark. The Bank plans to lower...
Gold Gundam Statues Go On Sale In Japan For Only $240,000
3.5.2021
Like Gundam? Have lots of money? Well, does a Japanese jewelry company have a product for you. Several, actually.Read more
Gold Bug vs. Bitcoin Bug: A Look at the Curious Relationship Between Peter and Spencer Schiff
3.5.2021
For years now the well known economist and gold bug Peter Schiff has continuously spoken out against bitcoin, as he claims precious metals are far superior. A great number of people have rebutted Schiff’s statements about bitcoin but during the last year, the gold bug has had a different...
The way of the stablecoin: A journey toward stability, trust and decentralization
2.5.2021
Stablecoins backed by fiat and other assets are increasingly gaining popularity, with many more solutions being brought onto the market each year