Explained
Money’s history is extensive, yet modern currencies are primarily supported by the state’s management of the economy and inflation through fiat currency.
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Gold News
Nowadays, investors have divided into two groups: cryptocurrency vs gold. After comparing all the characteristics of digital money with precious metal, they appear to have a lot of in common. For example, they are produced through mining and both are almost impossible to destroy. Gold doesn’t react with acid or lye, and can’t be oxidized. In the same way, cryptocurrencies are immutable in that it is nearly impossible to shut down all the computers within the blockchain. Also, both of them can be profitable but still be at risk of cost fluctuations. In most transactions, they should be sold or exchanged for fiat currencies or an equivalent, but it is much easier to do with digital money. However, unlike gold, cryptocurrencies are not accepted in all countries.
For those who still can’t decide in which to invest, a group of Russian entrepreneurs has launched the GoldMint platform, which operates with a digital asset GOLD that is backed with reserves of real gold or ETH.
- News
The Galaxy Digital CEO predicts tough times ahead for the United States economy but continues to be bullish on crypto.
15581 - News
Changpeng Zhao, also known as “CZ,” says that the industry may start to use stablecoins pegged to the euro, yen, or Singapore dollar, following recent actions against the U.S. dollar-pegged stablecoin BUSD.
16644 - News
Randall Crater was ordered to pay back the millions lost by victims of his fraudulent crypto scheme and spend 100 months in jail followed by a three-year supervised release.
3850 - Markets News
BTC price performance may encounter a new magnet above the $50,000 mark if gold continues to be a trendsetter.
11192 - Market Update
Bitcoin is still in line for a breakout, analysis concludes, as short-term weakness sees BTC price fall below $22,500.
5423 - Newsletter
Anatoly Legkodymov, founder of China-based crypto firm Bitzlato, was arrested under suspicion of money laundering related to illicit Russian finance.
5689 - Market Update
Bitcoin's trading range is "well defined" on exchanges but there is scope for a further breakout to copy gold.
12733 - News
The potential stablecoin aims to enable cross-border transactions instead of fiat currencies like the U.S. dollar, the Russian ruble or the Iranian rial.
45117 - Markets News
Both stocks and gold are leading the way when it comes to new year gains, but can Bitcoin match them?
6456 - Markets News
The coming decade could be Bitcoin’s time to copy gold’s 1970s breakouts, says Capriole Investments.
19243 - New Year Special
Bitcoin’s yearly losses are similar to high-profile stocks like Tesla and Meta, with BTC investors down 70% in 2022.
3111 - Explained
What is stagflation, how to fight it with crypto and how are the cryptocurrency markets impacted by high inflation and economic downturn?
30 - Market Update
The gains keep coming for BTC and crypto for a second day as the U.S. dollar drops.
4184 - News
Bitcoin’s growing correlations with gold, S&P 500 and Nasdaq 100 indicate that investors see BTC as a “relative safe haven,” BofA strategists wrote.
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