Warren Buffett Disses $4,200 Worth of Gold, but Berkshire Hathaway Underperformed S&P 500 for Past Decade

Warren Buffett, one of the richest man in the world worth $85 billion, has taken yet another shot at gold and implicitly bitcoin in a letter to investors published this... The post Warren Buffett Disses $4,200 Worth of Gold, but Berkshire Hathaway Underperformed S&P 500 for Past Decade appeared first on Trustnodes.

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Iran releases gold-backed cryptocurrency

Another country that faces a financial crisis due to the US sanctions issues its own national cryptocurrency. A group of Iranian banks presented a PayMon pegged to gold. Islamic revolution in digital Four Iranian banks (Bank Mellat, Bank Melli Iran, Bank Pasargad, and Parsian Bank) presented PayMon cryptocurrency, each coin of which is backed to gold reserves.

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Maduro’s Master Plan for Venezuela: Swapping 29 Tons of Gold for Euros with the UAE

Venezuela is moving a shipment of 29 tonnes of gold, worth approximately 1 billion Euros or 1. 2 billion dollars, to the United Arab Emirates for sale. UAE will pay cash Euros for the trade, which has riled US officials currently engaged in dethroning Socialist President Nicolas Maduro.

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China Minus $70 bn, Cuba Blackout and Revenge for Syria: a Long Con in Venezuela

The promised support by US of Venezuelan riot with Juan Guaido in the head – is becoming tangible. The puncture of the rebels with the army is now compensated by the financial strangulation of the Maduro regime from outside.

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Venezuelan President Gets Rekt’d as Bank of England Won’t Return its Gold Worth $1.2 Billion

Venezuela is going through an economic crisis and hyperinflation and now country’s President Nicolas Maduro, in his efforts to hold onto his plunging cash pile has been trying to pull the $1. 2 billion worth of gold out of the Bank of England.

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After UK Denies Maduro $1.2B Gold Withdrawal, Kraken CEO Cites Importance of Crypto

The Bank of England denied a bid by Nicolas Maduro, Venezuela’s dictatorial ruler, to withdraw $1. 2 billion worth of Gold, reported Bloomberg. The move came after top US officials requested their UK counterparts to disconnect the Maduro’s regime from its assets abroad.

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Finance Guru Ronnie Moas Digs for $10 Billion in Cryptocurrency Gold

Ronnie Moas is known as a finance guru with a 15-year track record of picking stocks. Later in his career, he ventured into cryptocurrency, claiming himself to be “synonymous with Bitcoin. ” That success, however, has taken a turn towards conflict.

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Stablecoins: Money of the Future

Stablecoins are currently the fastest growing sector of the cryptocurrency market, worth $186 billion; these constitute cryptocurrencies whose values are pegged to real life commodities like gold or the US dollar.

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Cryptocurrency Market Update: No Recovery From Recent Rout

FOMO Moments Markets are still flat showing no sign of recovery; Monero, Iota and Bitcoin Gold making small gains. The weekend situation on crypto markets remains grim. There has been no recovery from an epic dump down to a new yearly low yesterday as total market capitalization is still around $140 billion.

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Stocks, Cryptos, Oil, Gold, Everything is Red

2018 has been one of the worst year for investing in any asset, especially cryptos which have now fallen below a combined market cap of $150 billion. Bitcoin fell below... The post Stocks, Cryptos, Oil, Gold, Everything is Red appeared first on Trustnodes.

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Op Ed: Cryptocurrency’s Unrealized Opportunities for U.S. Tax Professionals

The market for cryptocurrency tax services is growing rapidly, and it is providing forward-thinking tax professionals with an opportunity to capture oversized profits.

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Revolutions and Counter Revolutions: Andreas Antonopoulos Reflects on 10 Years of Bitcoin

As Bitcoin approaches its 10th anniversary, its community, old and new, has begun taking stock of how a decade has come to alter or define the cryptocurrency — and what Bitcoin has done to alter or define the decade.

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Op Ed: Bitcoin’s Energy Consumption Is Neither Frivolous Nor Excessive

As the CEO of Hut 8, one of North America’s largest cryptocurrency miners and the world’s largest publicly traded cryptocurrency miner, I’m often asked questions about energy consumption in the mining of cryptocurrency.

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Massive Loss For Bitcoin, Will The Price Hold?

Today has been a bleak day for Bitcoin. The price looked like it was holding steady at the $6,500 mark but now it has dropped 5% which has dragged everything else down with it, including Ethereum, XRP, Cardano, Stellar and more.

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Famed Endowment Manager Invests Yale’s Money in Crypto Funds.

On October 5, 2018, an article published by Bloomberg stated that Yale University’s Investment Office, under the stewardship of famed manager David Swensen, has put an allocation toward Paradigm, a new cryptocurrency fund that has raised $400 million dollars.

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Swiss-Based Asset Management Company Introducing Metal-Backed Crypto Coins

Swiss asset management company Tiberius Group AG, which currently manages around $350 million in assets, is going to introduce a cryptocurrency backed by seven metals, Bloomberg reported on September 28, 2018.

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Blockchain’s Report Examines Benefits (and Failures) of Today’s Stablecoins

Stablecoins have garnered serious investor attention over the past few weeks. Unlike bitcoin and similar cryptocurrencies, they are digital assets built to lessen price volatility and are often paired against the U.

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Bitcoin Magazine’s Week in Review: The Resilience of Bitcoin

Altcoins may come and go; hacks may challenge exchanges; mainstream financial advisors might not get it — but even in the face of a protocol bug, Bitcoin perseveres and develops.

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Markets Are Down, But Most Exchanges Are Doing Just Fine

As the old maxim asserts: those who made the most money in the gold rush were those who sold shovels. With our own digital gold rush in a downturn, however, the shovels aren’t selling so well, as mining companies themselves are struggling to move hardware because miners are struggling to turn a profit.

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SoftBank Denies Reports of Bitmain Deal; Bitmain Still Silent

Japanese telecom giant SoftBank has denied media reports of its involvement in a pre-IPO funding round of bitcoin mining rig manufacturer Bitmain. Last week, several media outlets had reported that SoftBank and Chinese internet giant Tencent were leading a pre-IPO funding round for Bitmain.

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Founders of Shinil Group Investigated by South Korean Police for Cryptocurrency Scam

Korean law enforcement agents are now pointing their searchlight into the operations of Shinil Group, a firm that claimed to have found more than $100 billion worth of gold in a sunken Russian shipwreck.

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South Korean authorities are investigating a possible crypto investment scam involving the Seoul-based Shinil Group as the key figure, Korea JoongAng Daily reported July 31. Shinil Group (Shinil) allegedly promised to pay investors in gold from a sunken Russian shipwreck.

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Cryptocurrency Market Update: Waiting For Signals on a Flat Monday

FOMO Moments Markets are flat this morning with few coins moving; ChainLink doing well but Aelf, TenX and Bitcoin Gold suffering. As we start another working week crypto land remains flat after a weekend of inactivity across the markets.

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Cryptocurrency Market Update: Bitcoin Gold Performing on Sunday

FOMO Moments Markets are flat this Sunday; Altcoins still climbing include Bitcoin Gold, VeChain, ChainLink and TenX. Another pullback has occurred as markets failed to hold the $300 billion level.

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Russian Shipwreck and ‘Treasure’ Linked to Crypto Exchange

A South Korean firm claimed to have found the wreck of a Russian warship sunk in 1905 with $130 billion worth of gold on board. The cruiser and its treasure are linked to a crypto exchange and token which the firm reportedly promised to distribute to anyone signing up with the exchange.

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Daily Volume Surges To $20 Billion As Altcoins Start To Catch Up To Bitcoin

The cryptocurrency market has had an amazing start to the week, with the overall market capitalization pushing the heavily contested $300 billion level. Many attributed this stellar rise to Bitcoin starting to heavily outperform altcoins, with “digital gold” rising by a few percentage points.

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More Spikes for Bitcoin Diamond With Another 50% Pump

FOMO Moments Crypto land is moving slowly; altcoins gaining today include Bitcoin Diamond, Nem, Bitcoin Gold, and Holo. Monday morning in crypto land is a positive one for Bitcoin as markets have made more gains since the selloff last week.

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Donskoi International Exchange Offers Shinil Gold Coins For Uncovering Treasure Ship

In reports from both Reuters and The Telegraph on July 19th this week, the Shinil Group announced that their underwater excursions had discovered the long-long Russian battleship called Dmitrii Donskoi.

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$130 Billion Worth of Gold Found or Not Found, an ICO Linked or not Linked, the Mystery of Donskoy

The story has it all. A treasure trove, a Japan-Russia war some century ago, a sunken ship, chests of gold coins worth $130 billion, but might be lacking something: truth.... The post $130 Billion Worth of Gold Found or Not Found, an ICO Linked or not Linked, the Mystery of Donskoy appeared first on Trustnodes.

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A Shipwreck, a Sunken Treasure, and a Possible Crypto Scam

A South Korean company has claimed to have discovered the 113-year old wreck of the Russian battleship Dmitrii Donskoii, reportedly containing more than $100 billion worth of lost gold. While the matter of who actually has salvage rights remains contested, a cryptocurrency exchange has emerged, offering to “share profits” from the wreck with its users.

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Cryptocurrency Market Update: Ontology (ONT) and Bitcoin Gold (BTG) Leading the Rally

FOMO Moments Current performing altcoins are Ontology, Dash, Bytecoin and Bitcoin Gold. As another week comes to an end in crypto land markets are down once again on the week. After hitting a weekly low of $242 billion markets have clawed back a little but are still very bearish.

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Can Blockchain Prevent Smart Cities From Turning on Their Residents?

In the last decade, the term “smart city” has evolved from a geeky name drop opportunity, evoking Venus Project-esque undertones, to the gold standard of serious urban planning. With the world’s population scratching the 8 billion mark from below, and urbanization rates at all-time highs, it’s not hard to see why city planners are pinning […]

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Bitcoin Magazine’s Week in Review: Charity Funds and Dark Web Run-Ins

This week, the U. S. Department of Justice and other law enforcement agencies banded together to bring down some bad actors on the dark web. EOS is undergoing some growing pains with the launch of its network, exposing the trials and tribulations of an all-too-centralized governance model.

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eToro Market Research: EOS

EOS is by far the largest Initial Coin Offering (ICO) in the history of cryptocurrencies. Having raised more than $3. 5 billion, it promises to become an extremely fast and scalable blockchain protocol with zero transaction fees.

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