2022-4-20 12:28 |
Nothing stands in the way of Bitcoin’s latest renaissance, even as gold tumbles and the U.S. dollar checks its progress.
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“If you have large dollar values and you're hoping for any kind of return on them, that's faded,” said CEO Michael Saylor. “Gold, silver and bitcoin are showing strength.”
2020-8-6 21:55 | |
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Gold plunged 1. 5% on Tuesday as risk-off assets suffered. U. S. services PMI improved more than expected in October, according to the Institute for Supply Management. U. S. dollar hits three-week high against a basket of currencies.
2019-11-6 19:30 | |
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How well does American understand money? is the question Genesis Mining tries to find the answer in its latest survey. 29% Believe the US Dollar is Backed by Gold The survey revealed that out of the 1,000 Americans surveyed on September 17th, 2019, 29% of the participants believe that gold still backs the US dollar. […]
2019-11-5 17:26 | |
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According to Max Keiser, a financial commentator, China’s cryptocurrency DCEP will be backed by gold and not the US dollar. He also noted that gold is currently making new significant highs against flat currencies.
2019-11-2 19:11 | |
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Max Keiser spills some beans about China's gold-backed cryptocurrency (presumably DCEP) that could pose a serious threat to the US Dollar
2019-11-1 20:42 | |
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Coinspeaker Bitcoin Futures Market Is Changing Cryptocurrency LandscapeThe futures market can be the cause of development efforts around Bitcoin, one of the crucial hedging assets like gold or dollar.
2019-11-1 19:01 | |
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Genesis Mining has conducted a survey asking what the U. S. dollar is backed by. Apparently, around 30% of the U. S. public believes that the dollar is still backed by gold. The Bretton Woods system ended in 1971, and it was then that the convertibility of USD to gold was officially terminated.
2019-11-1 11:27 | |
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Nearly one-third of Americans falsely believe that the US dollar is backed by gold, and 70% don’t know what is backing it. That’s just the tip of the iceberg when it comes to US financial illiteracy, however.
2019-11-1 23:41 | |
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A study by Bitcoin mining firm Genesis Mining has shown that a startling number of US citizens have no idea about how their financial system works. A whopping 29 percent of respondents said they thought the US dollar is still backed entirely by gold.
2019-11-1 23:00 | |
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Kraken, the World’s 12th largest Crypto Exchange, as per Coin360 states, recently added Ethereum based tokens, Omisego and Pax Gold, to its ecosystem. Its clients will now be able to transact the two tokens against fiat currencies like the Dollar and Euro in addition to Bitcoin and Ether crypto coins. The coin exchange whose headquarters […]
2019-10-29 16:16 | |
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Fiat money has a surprisingly short lifespan. The almighty U. S. dollar currently serving as world reserve currency is not exempted, in spite of all proclamation that it cannot fail. Throughout history, fiat money has failed over and over again, where sound assets like gold have survived.
2019-10-23 17:45 | |
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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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Virtually everybody knows what a dollar is, but not as many know about the SDR. The International Monetary Fund’s (IMF) Special Drawing Rights is an international, monetary reserve system created specifically to address limitations of gold and standard fiat currencies such as the USD.
2019-10-14 08:00 | |
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The price of gold tumbled on Monday and threatened to slip below $1,500 an ounce after the precious metal became more expensive for holders of foreign currencies. Under normal circumstances, dollar-denominated gold and other precious metals tend to fall when the greenback strengthens.
2019-10-8 21:00 | |
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The price of gold plunged anew on Monday, extending last week’s slump as the U. S. dollar notched fresh two-year highs and stocks resumed their upward momentum. Futures on December gold delivery reached a session low of $1,472.
2019-10-1 23:30 | |
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The price of gold was under pressure Friday, extending a weeklong slump that saw the U. S. dollar rise to multi-year highs against a basket of currencies. Gold Tumbles; Silver Follows Futures on December gold delivery reached a session low of $1,493.
2019-9-28 00:00 | |
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The price of gold rose along with the dollar on Friday after the Trump administration announced harsher sanctions on Iran over its alleged role in the attacks on Saudi oil facilities last weekend.
2019-9-22 19:00 | |
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The largest cryptocurrency by market cap, Bitcoin is scheduled to undergo its third halving in May 2020. Many from the community speculate an increase in the value of the king coin’s price.
2019-9-15 21:32 | |
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According to Investopedia, the first paper money in the U. S. was issued on February 3, 1690 by the Massachusetts Bay Colony. Less than two hundred years later, Americans were able to trade $20.
2019-9-14 17:30 | |
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The world economy is a complex system that has undergone many different phases in the past century. As strange as it may sound today, there have been times when banking crises were rare, pay was rising alongside productivity, and the U.
2019-9-1 11:30 | |
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Stocks, US Dollar, and yields crashed Friday after President Donal Trump ordered the US manufacturers to find alternatives to China, in a series of Tweets. Trump’s tweets came after China announced new tariffs on another $75 million worth of US goods including autos.
2019-8-24 15:33 | |
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Inflation is a favorite antagonist in the cryptocurrency community. Most investors are probably familiar with the graphs showing how much value the U. S. dollar has lost since 1933, when the Federal Reserve left the gold standard.
2019-7-24 19:02 | |
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Bitcoin challenging the US dollar’s worldwide supremacy seems more likely after it emerged that even the country’s biggest bank thinks the status quo cannot last. Central Banks Amassing Gold ‘Makes Sense’ In a report issued July 10, Craig Cohen, a strategist for JPMorgan Chase, said changing habits among non-US central banks are creating a real sense of unease about the dollar’s long-term status.
2019-7-24 13:00 | |
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White House economic adviser Judy Shelton made headlines last week after President Donald Trump nominated her to the Federal Reserve Board of Governors. The mainstream press and finance industry were surprised to learn Trump’s Fed pick is a “gold bug.
2019-7-14 00:15 | |
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Cryptocurrencies took the center stage again during Federal Reserve Chairman Jerome Powell’s second day of testimony before the U. S. Senate. Today, lawmakers expressed their concerns about the threat that bitcoin and other cryptocurrencies pose to the financial system, including the possible challenge of bitcoin replacing the U.
2019-7-12 01:02 | |
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What do you have under your mattress? A stash of dollar bills stitched between the padding, or perhaps a bunch of gold bars (I doubt it), or maybe a hardware wallet with Bitcoins? According to many, the last one seems unlikely.
2019-7-10 12:30 | |
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Bitcoin is on course to hit a $1 trillion dollar market cap in its current cycle, and next time will beat gold, Willy Woo has said. Woo Stands By 2013 BTC Prediction Speaking on an episode of the Coinist Podcast on July 4, Woo, who is a well-known analyst of the Bitcoin blockchain with several dedicated resources, stuck by his predictions for the cryptocurrency’s near-term future.
2019-7-5 15:00 | |
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Steve Forbes published an open letter to Mark Zuckerberg, urging him to back Facebook’s crypto project with gold to beat the U.S. dollar
2019-6-30 16:03 | |
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By CCN Markets: Price of Bitcoin established another year-to-date high on Friday, touching levels not seen in over a year. Earlier during the Asian session, the bitcoin-to-dollar exchange rate flew past the $9,800 level for the first time since May 6, 2018.
2019-6-21 15:30 | |
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In over a decade of its existence, Bitcoin [BTC] has found itself going toe-to-toe with several prominent financial assets in different areas. In the medium of exchange space, Bitcoin has faced the wrath of fiat currencies, most notably the US Dollar and in the store of value sense, the digital gold was at odds with […] The post Bitcoin vs.
2019-6-17 16:30 | |
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By CCN Markets: Russia is continuing to explore the possibility of a gold-backed cryptocurrency for use as a cross-border settlement alternative with other countries. Under heavy sanctions from the US, the potential of a value-pegged cryptocurrency could help Russia escape from the usage of the Dollar as a currency standard.
2019-6-17 15:17 | |
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Gold and bitcoin enjoy a curious relationship. On the one hand, there is a significant crossover between investors in both, particularly from libertarians who don’t trust the U. S. dollar.
2019-6-8 16:43 | |
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The accusation that bitcoin is nothing more than a Ponzi scheme is perhaps the oldest, longest-standing criticism of the digital bearer asset. The basic idea is that there is nothing of value here and the entire purpose of bitcoin’s existence is to enrich Satoshi Nakamoto and the speculators who bought in for a few pennies or dollars in the early days by tricking others into buying in at a higher price.
2019-6-4 19:03 | |
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A series of op eds by Kyle Torpey addressing some of the oft-repeated arguments against Bitcoin. One of the earliest criticisms of Bitcoin was that the underlying token in the system had no intrinsic value.
2019-6-4 23:41 | |
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A series of op eds by Kyle Torpey addressing some of the oft-repeated arguments against Bitcoin. One of the earliest criticisms of Bitcoin was that the underlying token in the system had no intrinsic value.
2019-5-31 23:41 | |
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Could Bitcoin Help Venezuela Crisis? According to the International Organization for Migration, a long period of serious political instability and economic crisis has caused the largest Latin American emigration seen in recent times from Venezuela.
2019-5-20 19:01 | |
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History Shows Reserve Currencies Come & Go, So, Central Banks Stockpiling Gold, Is Bitcoin Next On The List? Central banks and foreign governments buying gold at the fastest pace in six years US Dollar’s days as a reserve currency are numbered Just a decade old, Digital gold – Bitcoin could emerge as a global reserve […]
2019-5-17 22:17 | |
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Cryptocurrency investment firm Grayscale is taking the bitcoin versus gold fight to TV, launching a multi-million dollar campaign that promotes bitcoin as a new and improved form of gold.
2019-5-9 16:00 | |
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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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According to a report by the World Gold Council, central banks have been buying more gold this first quarter than they have in the previous six years. The efforts to diversify away from the US dollar are being led by China and Russia.
2019-5-4 00:00 | |
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According to the reports, the cryptocurrency mining process requires three times more energy than digging up gold that is worth a dollar. In fact, global Bitcoin mining alone has transcended the energy consumption of some nations including Ireland in recent years.
2019-5-1 00:39 | |
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The Silver-coin to Bitcoin’s gold portratization – Litecoin is marching upwards, by price against the US Dollar for today’s performance, with haste compared to other altcoins in the top of the list going by market.
2019-5-1 22:56 | |
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Nintendo is preparing to offer up its next mobile game, and rumor has it the company is hoping this one will be a gold mine. Given the franchise it’s from — and what Nintendo has done adapting its less well-known series — it probably will be.
2019-4-25 20:11 | |
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According to a Bloomberg report published April 24, 2019, an increasing number of companies are using blockchain technology to track the supply chain of valuable minerals like gold, tin, tungsten, and tantalum, among others.
2019-4-25 19:00 | |
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New Stablecoin Launched By TrustToken, Pegged To AUD In a market that is filled with volatility, many institutional investors are becoming more comfortable with cryptocurrency through the use of stablecoins.
2019-4-25 23:44 | |
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By CCN. com: Year-to-date, the bitcoin price has increased by 44 percent against the U. S. dollar from $3,700 to $5,320, becoming one of the best-performing assets in the global market alongside oil.
2019-4-20 14:25 | |
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A treasure hunt for $1 million worth of bitcoin is officially underway. In a cryptic, rambling message broadcasted to the Blockstream Satellite on April 13, 2019, an anonymous user challenged the rest of the Bitcoin community to a million dollar hunt for what they called “Satoshi’s Treasure,” a contest which will “test the resolve, courage, intelligence, and savvy [sic] of would-be hunters,” the game master claimed.
2019-4-16 23:28 | |
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Since January 1, according to OnChainFX, the bitcoin price is up 37 percent year-to-date against the U. S. dollar, outperforming most indices including the S&P 500 and the Nasdaq 100. 2019 Returns…Oil $USO: +38%Bitcoin $BTC: +35%Nasdaq 100 $QQQ: +21%REITs $VNQ: +19%MLPs $AMLP: +18%Small Caps $IWM: +18%S&P 500 $SPY: +17%EM $EEM: +14%EAFE $EFA: +13%Commodities $DBC: +13%High Yield $HYG: +9%Investment Grade $LQD: +6%Bonds $AGG: +2%Gold $GLD: +0.
2019-4-14 14:35 | |
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Bitcoin [BTC] and Litecoin [LTC] continued to gain against the US Dollar and breach their respective immediate resistances on April 8. The largest crypto asset on CoinMarketCap, BTC, held a market cap of $93.
2019-4-8 12:30 | |
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An asset that gains from disorder is surely worth having in one’s portfolio, says Jennifer Murphy, CEO of Runa Digital Assets.
While fiat currencies around the world are collapsing, bitcoin is a safe alternative that is extremely liquid for those who need to exchange for cash.
Poor earnings coupled with overvalued fundamental metrics pose long-term bearish risks for MSTR.
Financial illiteracy is a cardinal issue within societies. By using the Socratic method, we can ask questions that get to the root of the issue.
Investing directly in Bitcoin turned out to be a better bet than owning Coinbase stock since its IPO.
“We want to make sure that we believe that if all things are equal, we win," said Mayor Francis Suarez.