2020-3-26 21:56 |
As analyst Luke Martin puts it in bitcoin terms, “gold is going through un-announced (refiner) halvening. ” The demand for safe haven asset gold is surging and the price of the precious metal has increased 5. origin »
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The Peer-to-Peer (P2P) crypto exchange Paxful has launched trading between Gold and Bitcoin (BTC) in response to customer demand. The service offers a transfer procedure and a swap option. The parties need to negotiate terms first, after which the transfer of gold will take place in person. The BTC holder has to send the funds […]
2020-4-8 20:41 | |
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The spot gold price doesn't yet reflect extraordinary demand for the precious metal and the Federal Reserve's breakneck monetary expansion. The post Gold Is Proving an Ideal Safe Haven Asset Even as Spot Price Plunges appeared first on CCN.com
2020-3-23 23:00 | |
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Over the past few weeks, stocks markets, crypto markets, everything took a brutal beating amidst the fear of coronavirus pushing the market into recession. Investors have been selling everything they can get their hands on, even safe haven assets like gold and bonds got sold off in a rush to the safety of cash. It's […]
2020-3-21 21:32 | |
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Gold, bitcoin, and government bonds fell in sync on Wednesday, suggesting that investors are raising cash to tackle the disruption caused by the Coronavirus pandemic. The gold-to-dollar exchange rate dipped by as much as 2.
2020-3-18 18:02 | |
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The price of gold crashed along with stocks on Friday, as the rapidly spreading coronavirus was seen impacting demand for raw materials. Margin calls may have also impacted futures traders with exposure to other assets.
2020-2-29 00:00 | |
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Digix, the creator of the world’s first asset-backed digital gold token, has now gone live with its revamped marketplace and website. The new marketplace and online platform aim to simplify the process of users purchasing and managing Digix’s native DGX token; meeting the growing demand for access to tokenized assets from retail investors globally.
2020-2-11 08:33 | |
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A lot of people were taken aback by Tether issuing a digital gold-backed token. The trading of XAUT on Bitfinex has begun, albeit demand is virtually non-existent. It is very different to “gamble” on the value of a token tied to gold.
2020-1-26 02:00 | |
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Bitcoin, like gold, is a limited asset that can't be easily increased to meet demand. Bloomberg analysts predict the price of both will rise this year.
2020-1-8 19:17 | |
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Four days into 2020 and Bitcoin saw a surge of 8% where it went from $6,850 to above $7,400. As we reported, Bitcoin spiked in value just like gold which was because of the geopolitical tensions in the Middle East after the US airstrike killed Iranian general Qaseem Soleimani that pushed the demand for safe-haven […]
2020-1-4 18:38 | |
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Bitcoin jumped the most in two weeks after a U.S. drone strike killed a top Iranian military commander, fueling speculation that heightened geopolitical turmoil might spur demand for the cryptocurrency in 2020.
2020-1-4 21:05 | |
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Bitcoin and gold prices spike as demand for save-haven assets grows due to the escalating tensions between the US and Iran
2020-1-3 10:06 | |
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The price of gold extended its rally to six days on Tuesday, as demand for risk assets waned ahead of New Year celebrations. The post As Dow Limps into the New Year, Gold Is Regaining Its Shine appeared first on CCN.com
2020-1-1 19:59 | |
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Welcome to the era of digital asset-backed tokens Over the past few years, there has been an explosion in demand for cashless digital payments. Global transaction volumes have grown by 11.2% duringThe post Why digital gold is even better than the real thing appeared first on AMBCrypto.
2019-12-18 16:00 | |
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A new report by the World Gold Council shows that there is global demand for harder forms of money than fiat currencies. Such demand points to a bright future for Bitcoin given that it represents an even harder form of money than the precious metal.
2019-11-14 04:00 | |
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Gold and stocks are rallying in lockstep with each other. Appetite for gold is driven by safe-haven demand despite surging stock prices. Analysts believe the gold bulls still have the upper hand in 2019.
2019-11-4 17:21 | |
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In times of recession and/or financial instability, both Bitcoin and gold have been described as safe-haven investments that act as a hedge against the traditional financial markets. However, while the demand for gold has historically increased during unstable times, Bitcoin has only existed in newer generations — thus, there is insufficient data to make the […] The post Bearish Bitcoin and Gold Price Correlation Noted by Analyst appeared first on BeInCrypto.
2019-10-31 21:34 | |
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Analyst, Chris Mancini claims governments are increasingly turning to gold, and not Bitcoin, in order to hedge against economic uncertainty. Motivated by geopolitical wranglings, as well as a desire to reduce dollar reliance, the Chinese and Russian central banks are driving demand for gold.
2019-10-23 13:31 | |
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The increased likelihood of a U.S. recession has brought a boost to gold prices. For bitcoin, though, it's a different story.
2019-10-3 14:00 | |
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Gold outperformed Bitcoin on Wednesday as an impeachment inquiry into US President Donald Trump triggered demand for safe-haven assets. The yellow metal came near its three-week peak, with its spot trading at $1,530.
2019-9-25 16:00 | |
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Bitcoin has gone through a near-impossible feat of convincing global investors about its worth as the rightful replacement of gold, which has also led some to believe that “the demand for gold is adversely affected by the success of cryptocurrencies.
2019-9-3 00:30 | |
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During his blanket endorsement to buy gold as central banks loosen their monetary policy, veteran investor Mark Mobius said that the rise of cryptocurrencies will only further drive the demand for hard assets like gold.
2019-8-21 16:16 | |
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Today, Mark Mobius, market fund manager and the founder of Mobius Capital Partners LLP, appeared in an interview with BNN Bloomberg where he said that demand for cryptocurrencies will increase and boost the demand for gold owing to the imminent interest rates cuts by central banks.
2019-8-21 00:42 | |
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Bitcoin has often been compared with gold as it shares a number of similar traits. Both are safe haven assets, immune from government meddling, and both have a strong perception of scarcity. One veteran investor sees a strong demand for bitcoin and crypto assets as a bullish indicator for gold prices.
2019-8-20 14:00 | |
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The Dow and broader U. S. stock market plunged anew on Monday, as threats to global economic health fueled a massive rally in haven assets like Treasuries and gold bullion. According to Goldman Sachs, bullion prices are heading higher over the next six months as U.
2019-8-13 22:15 | |
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As volatility ravages the stock market, it is no surprise that demand for safe-haven assets is soaring. The controversial godfather of defensive assets, gold, has outperformed the S&P 500 year-to-date, and it’s undoubtedly no coincidence.
2019-8-8 00:00 | |
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Today’s Bitcoin (BTC) News There is tension, and according to Anthony Pompliano, the co-founder of the asset management firm, Morgan Creek Digital Assets, global banks are diversifying away from the USD, hedging against possible downturns.
2019-8-2 17:20 | |
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Argument is, Bitcoin and Crypto is receiving all speculative demand Silver, the poor mans gold, had. This is limiting Silver's prices as BTC soar. The post Bitcoin (BTC) And Cryptocurrencies Are The “Poor Man’s Gold” appeared first on Ethereum World News.
2019-6-26 11:55 | |
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By CCN Markets: The IPO gold rush continues. Traders have moved on from the lastest shiny thing, Beyond Meat, to Wednesday’s latest offering. That would be CrowdStrike, a California-based cyber-security firm.
2019-6-13 00:08 | |
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The bulls are in control of the short and medium-term outlook. Responsible buying at key areas recommended. BTG/USD Medium-term Trend: Bullish Supply zones: $28. 00, $29. 00, $30. 00 Demand zones: $10.
2019-6-7 21:28 | |
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• BTG/USD trade continues in its bullish momentum. • There might be a trend reversal in the market due to the formation of the spinning top bar. BTGUSD Long-term Trend: Bullish • Supply zones :$40 $50, $60 • Demand zones :$20, $15, $10 The cryptocurrency is in an uptrend in its long-term outlook. The impulsive […]
2019-6-3 13:56 | |
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Bitcoin Over Gold During Bloomberg’s “ETF IQ” segment yesterday, a financial advisory head said Bitcoin (BTC) exchange-traded funds (ETF) are preferred over their gold counterparts by millennial investors.
2019-5-24 03:27 | |
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In a recent interview with Bloomberg experts, Nate Geraci, President of ETF Store, while talking about the Bitcoin ETF approval, hinted that younger clients were moving towards Bitcoin citing better investments.
2019-5-24 00:30 | |
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Tokens and coins whose value is not backed by anything other than marketing, no longer work. Therefore we are able to witness the advent of several asset-backed tokens, that combine historically successful assets with the blockchain technology.
2019-5-14 11:37 | |
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By CCN: The bitcoin bull market is here, as the price of the flagship cryptocurrency has shot through $7,400 and it seems all set to go higher. Bitcoin bulls estimate that the price of each coin could hit $20,000 very soon thanks to rising demand.
2019-5-13 18:45 | |
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World Gold Council reports 145.5 tons of gold being bought by central banks in the first quarter of 2019 and further expects this demand to stay strong for the rest of the year. In the first quarter of this year, gold purchases by central banks were the highest in six years as countries ditch the […]
2019-5-4 19:29 | |
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A unique characteristic of many upstate New York cities is their low energy rates. Hydroelectric dams along the St. Lawrence river give residents electricity so cheap that many even heat their homes with it.
2019-3-13 03:00 | |
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Since it came to life in early 2009, Bitcoin has begun disrupting the world of finance. Over the years, this decentralized digital currency came to mean different things for different people.
2019-2-18 18:30 | |
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Crypto winter has claimed many victims, but some coins are still as good as…. well, you know. Digix, a stablecoin-like asset backed by gold, has seen investor demand surge as prices rise for the precious metal.
2019-1-30 00:01 | |
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Technology lawyer Addison Cameron-Huff launched his new, Toronto-based, all-crypto legal firm on January 3, 2019, Bitcoin’s 10th anniversary, as a statement of his commitment to working for and promoting Bitcoin and cryptocurrency-based businesses.
2019-1-11 21:17 | |
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Bitcoinist caught up with Youval Rouach, co-founder and CEO of Bitcoin of Gold, an Israeli Bitcoin cryptocurrency trading platform. Rouach explains the regulatory situation in Israel for cryptocurrencies and his company’s plans moving forward.
2019-1-10 04:00 | |
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Recent global economic concerns and stock market volatility seem to have increased demand for gold as a safe haven asset. The price of the precious metal hit its highest level since June in the yesterday’s trading session.
2018-12-28 21:30 | |
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CoinSpeaker Scientists Turned Copper into Gold: Can We Expect the Same for Bitcoin? Researchers in China have found a way to produce gold which may lead to a serious drop in the gold demand and open new opportunities for Bitcoin.
2018-12-27 15:22 | |
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Gold is often touted by many as the planet’s best store of value. Those who believe this will often offer the explanation that it it is both finite and has a legitimate use case in the manufacturing of electronic products.
2018-12-27 21:30 | |
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When it comes to precious metals, gold and silver lead the chain due to their high demand as they have many uses and are widely used in jewelry, cutlery, electronic components and more. Gold is also used as a reserve to balance the local economy by many central banks around the world.
2018-12-26 14:15 | |
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When the towers in New York fell, I became obsessed with economics. I wanted to follow the money to understand what happened on that dreadful day. During that time of inquiry, I found myself very interested in Austrian economic theory.
2018-11-21 19:26 | |
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Gabor Gurbacs is confident that the approval of a bitcoin exchange traded fund (ETF) is inevitable. And he’s optimistic that the VanEck SolidX Bitcoin Strategy will be the first to deliver one to the world.
2018-11-17 01:42 | |
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The market for cryptocurrency tax services is growing rapidly, and it is providing forward-thinking tax professionals with an opportunity to capture oversized profits.
2018-11-15 16:58 | |
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According to newly published research, mining cryptocurrency takes nearly twice as much energy than mining gold, platinum, and copper. Bitcoin on its own, needs three times as much energy to mine than compared to gold.
2018-11-6 13:54 | |
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Digix’s gold-backed digital token has been added to crypto custodian BitGo as demand increases for cryptocurrency to be pegged to the value of gold. Announced today, DGX has been added to BitGo’s Digital Currency Support with Enterprise Access.
2018-10-30 02:55 | |
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Ray Dalio, the founder of the world's largest hedge fund, Bridgewater Associates, with more than $220 billion in Assets Under Management (AUM), yet again spoke in favor of having Bitcoin in an investment portfolio.
Millennial-oriented Insurance provider Lemonade unveiled in its filing with the Securities and Exchange Commission (SEC) that it purchased $1 million worth of Bitcoin in June 2021. In June, Bitcoin price traded between $30k and $40k.
While “there's a lot of fascination” for BTC to be worth $100k or $25k to PayPal CEO, it’s programmable money, NFTs, and DeFi that’s “really interesting.” The post Bitcoin A Smart Hedge For Investors, says Chairman of 0 Billion Starwood Capital Group first appeared on BitcoinExchangeGuide.
MicroStrategy has purchased another batch of Bitcoin. This time the business intelligence company which first started buying Bitcoin in August 2020 added 7,002 BTC to its stash. MicroStrategy’s latest purchase cost them $414.
Much like the crypto community, the billionaire investor said he would rather own Bitcoin itself than the futures-tied ETF but said investors should “take great comfort” that it’s approved by the SEC.
Blockchain data analytics platform Chainalysis announced this week that it now holds Bitcoin on its balance sheet. On Tuesday, Chainalysis said Bitcoin technology and financial services firm NYDIG played a critical role in enabling the company to buy and custody Bitcoin.
How can a good store of value (SoV) also be a good medium of exchange (MoE) and unit of account (UoA)? Seems too perfect, right? With Bitcoin expected to rise in value forever, wouldn't it be prohibitive to use Bitcoin for paying for things? This perspective comes from measuring Bitcoin's value in an inferior, depreciating […] The post Beyond Store of Value – How Can Bitcoin Be A Viable Medium of Exchange and Unit of Account? first appeared on BitcoinExchangeGuide.