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German Banking Giant DZ Bank Launches Crypto Custody Platform
8.11.2023
One of the largest banks in Germany by total assets, DZ Bank, has launched a crypto custody platform. Additionally, the bank disclosed that alongside its solution for institutional customers, it is working on “an offer that allows private customers to invest directly...
Financial Giant Fidelity’s Director Sees Bitcoin as ‘Exponential Gold’
5.11.2023
Financial services giant Fidelity’s director of global macro says bitcoin is “exponential gold.” He explained that gold is “too deflationary and clunky to be used as a medium of exchange,” noting that “investors own it primarily as a store of value —...
Billionaire Stan Druckenmiller: I Don’t Own Bitcoin but I Should
2.11.2023
Renowned billionaire hedge fund manager Stanley Druckenmiller says he doesn’t own any bitcoin but he should. He sees the crypto as a brand. When comparing bitcoin to gold, he said: “It’s clear that the young people look at it as a store of value because it’s a lot easier...
Bitcoin price hits all-time highs across Argentina, Nigeria and Turkey
27.10.2023
The new all-time highs come despite Bitcoin still being down over 50% against its price peak of $69,000 against the U.S. dollar
New Fidelity Digital Assets Report Advocates Bitcoin Over Gold for Portfolio Diversification
11.10.2023
Fidelity Digital Assets brought new light to the subject of cryptocurrency investments in its September 2023 study, focusing particularly on Bitcoin.
Authored by Chris Kuiper, Director of Research, and Jack Neureuter, Research Analyst, the report meticulously dissects why Bitcoin should...
Bitcoin’s Path to Money: Menger’s Theory and the Debate on Medium of Exchange vs. Store of Value
13.9.2023
Over the past ten years, fervent supporters of digital currency have engaged in intense debates: Is bitcoin (BTC) designed as peer-to-peer electronic cash as illustrated in Satoshi’s groundbreaking white paper, or does it serve as a digital store of value, similar to gold? Additionally,...
‘Islamic Coin’s Legitimacy as a Sharia-Compliant Cryptocurrency Is Proven by Its Fatwa’ — Co-Founder
10.9.2023
According to Mohammed AlKaff AlHashmi, the co-founder of “Islamic Coin,” Muslim scholars will increasingly view cryptocurrencies as being “Shariah-compliant” if they function as a store of value or are used as a medium of exchange. Alhashmi added that Islam’s...
Zimbabwe Central Bank Says Gold-Backed Tokens Set to Be Used for ‘Transactional Purposes’
13.8.2023
The Zimbabwean central bank recently said it is close to rolling out gold-backed digital tokens “for transactional purposes.” According to the bank’s governor, the gold-backed digital tokens have already proven to be an effective monetary policy instrument. Central bank governor...
Report: Zimbabwean Economist Says Portion of Goverment Employees’ Salaries Must Be Paid in Gold Coins
15.7.2023
A Zimbabwean economist has said authorities should consider paying a portion of government employees’ salaries with gold coins. The economist said partially paying government workers with gold coins can “help curtail the black market dominance” in the country’s currency...
IMF Says Zimbabwe Gold-Backed Digital Currency a Potential Threat to Financial Stability
11.5.2023
The International Monetary Fund has urged Zimbabwean authorities to weigh the benefits versus risks of issuing a gold-backed digital currency. Instead of using gold-backed digital currency to limit the demand for the greenback, the global lender said monetary authorities should consider...
Zimbabwe’s De-Dollarization: Central Bank to Issue Gold-Backed Digital Currency in Early May
30.4.2023
The Reserve Bank of Zimbabwe (RBZ) has said it will start issuing gold-backed digital tokens on May 8. The first phase of the launch will see the digital tokens being issued for “investment purposes with a vesting period of 180 days.” The RBZ also revealed that the gold-backed digital...
Bitcoin’s 'Store-of-Value' Narrative Is Real but Not a Price Mover
18.4.2023
Longer-term narratives matter, argues Noelle Acheson, but they don’t set the price. That is set by short-term sentiment, which is both contagious and fickle
US credit crunch means it’s time to buy gold and Bitcoin: Novogratz
16.3.2023
The Galaxy Digital CEO predicts tough times ahead for the U.S. economy, but continues to be bullish on crypto
Evaluating Bitcoin as a Store of Value
15.3.2023
Two on-chain metrics, realized capitalization and holding trends, demonstrate belief in bitcoin as a store of value (SoV)
First Mover Asia: Bitcoin’s Store of Value Narrative Is on Full Display; Crypto Prices Stay Green
14.3.2023
Billionaire Ray Dalio Says Bitcoin Isn’t an Effective Money, Store of Value, or Medium of Exchange
5.2.2023
Billionaire Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater Associates, says it’s “amazing” what bitcoin has accomplished but believes the cryptocurrency is not going to be an effective money, a store of value, or a medium of exchange. Nonetheless,...
Fiat is in 'jeopardy' but Bitcoin, stablecoins aren't the answer either: Ray Dalio
3.2.2023
The hedge fund manager instead wants to see an “inflation-linked coin” be brought to the masses which would serve to ensure consumers secure their buying power
South African Government to Add Crypto Entities to ‘List of Accountable Institutions’
2.12.2022
According to the South African government, crypto entities — or businesses whose activities include the exchange or transfer of crypto assets — are set to be included in the list of so-called accountable institutions starting Dec. 19. Businesses that convert one crypto asset to another or that...
IMF Blog: Better Regulation of Africa’s Growing Crypto Market Urgently Needed
24.11.2022
A well-regulated African cryptocurrency market is needed in order to protect users as well as help countries stop bad actors from using digital assets to circumvent capital controls, the latest post on the IMF blog has said. The blog post reiterated the IMF’s belief that risks to a country...
Lebanese Mint, Keep, Spend Crypto Amid Crisis, Report Unveils
7.11.2022
Living in the chaos of a deep crisis, people in Lebanon have been turning to cryptocurrency, a new media report has confirmed. From earning much needed income through mining and work, to storing wealth and paying in stores, bitcoin, tether and other cryptos have started to push aside...