Gold Was Worth 584 Bitcoin an Ounce in 2011, Now Only 0.15

Gold is often compared to Bitcoin, but let’s take a look at their actual price differentiation. In today’s prices, 1 oz. of gold is worth around 0. 15 BTC. For comparison, 1 oz. of the metal was worth 584 BTC in 2011.

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$190 Million in Crypto Gone Forever, How Canada’s Biggest Bitcoin Exchange Lost it All

QuadrigaCX, the largest bitcoin exchange in Canada, has lost $190 million worth of crypto after it lost access to its cold storage wallets. An affidavit filed on January 31 with the Supreme Court of Nova Scotia revealed that $190 million in Bitcoin, Bitcoin Cash, Bitcoin Cash SV, Bitcoin Gold, Litecoin, and Ethereum were lost.

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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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Back to Basics: What Is Money?

Our current economic system can be compared to a merry-go-round that has us consuming, trapped in debt and spending as quickly as we earn. What is fiat currency? Why do we use it and who controls it? And how does it compare to gold and bitcoin? It is worth going back to basics, to better understand […] The post Back to Basics: What Is Money? appeared first on Bitcoin News.

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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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Here’s what you actually need in your home recording studio

Giant recording studios with millions of dollars worth of gear and gold records lining the walls incite a certain nostalgia in those of us who grew up in a time when Berry Gordy and Rick Rubin were as well known as the stars they produced.

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GShare helps to expand adoption of MGO tokens

MobileGo team claim their products are being developed to meet the needs of both gaming community and blockchain enthusiasts.   Starting today beta-testing of MobileGo brand-new product is available for everyone.

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GShare helps to expand adoption of MGO tokens

MobileGo team claim their products are being developed to meet the needs of both gaming community and blockchain enthusiasts.   Starting today beta-testing of MobileGo brand-new product is available for everyone.

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GShare helps to expand adoption of MGO tokens

GNation claim their products are being developed to meet the needs of both gaming community and blockchain enthusiasts.   Starting today beta-testing of GNation brand-new product is available for everyone.

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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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What Is Cryptocurrency? “Jeopardy!” Features Entire Category on Crypto

Is cryptocurrency becoming more mainstream? It could be if one of America’s most prominent game shows features an entire category devoted to it. The November 29, 2018, episode of “Jeopardy!” — which has been on the air since 1964 — offered five unique questions centered around cryptocurrencies and their technology to test out its contestants’ knowledge on the subject: The results reveal that they did indeed know their fair share.

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“We Did This With Gold”: Could VanEck Be Bitcoin’s Best Bet for an ETF?

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.

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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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In Search of Stability: An Overview of the Budding Stablecoin Ecosystem

Stability. The word seems to be at complete odds with the current nature of the crypto market. With its flagship coin having “died” on hundreds of occasions, volatility and meteoric price swings have come to define cryptocurrencies, as price stability, ever-elusive, is in short supply.

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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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Bittrex Exchange and Bitcoin Gold maintainers at war over 12000 BTG loss

There has been an increase in hacking operations in recent times targeted majorly as cryptocurrency exchanges since they have a good investment in the cryptocurrencies and crypto tokens listed in their site.

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Bittrex Lash Out At Bitcoin Gold After BTG Refuse To Pay Hack Compensation

Popular cryptocurrency exchange Bittrex have announced that they will be delisting Bitcoin Gold (BTG) and all BTG trading pairs after the team behind BTG refused to pay out compensation to Bittrex who suffered as a result of hacks that took place on the BTG network in May 2018.

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Gold Finger: Bittrex Delists BTG In Bitter Compensation Fight

Bittrex is all set to delist Bitcoin Gold (BTG) thanks to a series of hacks that total more than $20 million in stolen funds. Bitcoin Gold is a hard fork of Bitcoin and it has gone through the wars of late.

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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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Welcome to the weirdly wonderful world of crypto-art

Art and cryptocurrency really share a certain bond: their value is just agreed upon – albeit subjectively. Long ago, society decided gold was worth something, mostly because it is pretty and kind of hard to get.

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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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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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Venezuela Ties Own Currency to Sanctioned Petro as Maduro Talks of ‘Great Hope’

Venezuela will remove five zeros from its ailing currency, the bolivar, and peg it to its controversial Petro cryptocurrency, President Nicolas Maduro said in a public broadcast July 26. Maduro: Bolivar Will ‘Anchor Petro’ The Bolivar, which had become so inflationary that online gaming tokens such as World of Warcraft gold were a more stable store of value, is currently worth just $0.

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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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The Genesis Files: With Bit Gold, Szabo Was Inches Away From Inventing Bitcoin

As his Hungarian parents had fled post-war Soviet regime to settle in the United States, Nick Szabo came to call the Californian Bay area of the 1990s his home. Here, he was among the first to frequent the in-person “Cypherpunk” meetings organized by Timothy May, Eric Hughes and other founding members of the collective of cryptographers, programmers and privacy activists centered around the ’90s mailing list of the same name.

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A dark web drug ring has 17 million bitcoin seized!

The two were nabbed as part of a nationwide operation dubbed “Operation Dark Gold” which targets the illegal and criminal activities on dark web marketplaces. The DoJ seized over $ 22 million worth of assets from the two as well as other co-conspirators whose identity wasn’t revealed. $ 17 million of the seized assets was

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DOJ, U.S. Agencies Seize Over $12M Bitcoin in a Slew of Dark Web Busts

The U. S. Department of Justice, in cooperation with the Immigration and Customs Enforcement’s Homeland Security Investigations (HSI), the Secret Service (USSS), the Postal Inspection Service (USPIS) and the Drug Enforcement Administration (DEA), have apprehended more than 35 dark web drugs and arms dealers in a nation-wide bust.

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KaratGold Coin (KBC) Gets Enlisted on HitBTC Following One the Biggest ICO’s ever in History

KaratGold Coin (KBC), a game changing cryptocurrency representing cryptonized gold that can be transferred cost efficiently, securely and in real-time across borders, is now listed in HitBTC. A venture from KaratBars International, KaratGold Coin has recently completed a highly successful ICO that secured investments worth over one hundred million USD.

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KaratGold Coin (KBC) Gets Enlisted on HitBTC Following One the Biggest ICO’s ever in History

KaratGold Coin (KBC), a game changing cryptocurrency representing cryptonized gold that can be transferred cost efficiently, securely and in real-time across borders, is now listed in HitBTC. A venture from KaratBars International, KaratGold Coin has recently completed a highly successful ICO that secured investments worth over one hundred million USD.    June 25, 2018 KaratBars International […]

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SEC Director of Corporate Finance: Ether Is Not a Security

In an informal statement made at Yahoo Finance’s All Market Summit: Crypto, William Hinman, the United States Securities and Exchange Commission (SEC)’s director of corporate finance, indicated that the regulatory agency has no plans to deem ether a security.

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