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Tag: gold

Bitcoin Firm Paxos to Offer Post-Trade Confirmation Service for Gold Industry

Category: Blockchain, Business, Exchange, Finance, News

Bitcoin Firm Paxos to Offer Post-Trade Confirmation Service for Gold Industry

On August 9, 2018, Paxos, the parent company of crypto exchange itBit, announced the launch of the Paxos Confirmation Service, a tool designed to streamline the post-trade confirmation process for the precious metals market. A Step toward Post-Trade Blockchain Solution Making the announcement, the company revealed that INTL FCStone Ltd., a financial services company based in London, will be the…

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Bitcoin “Could replace Gold,” States Cryptocurrency Analyst

Category: Altcoins, Bitcoin, Investment, News

Bitcoin “Could replace Gold,” States Cryptocurrency Analyst

After weeks and months of stagnation, bitcoin prices have finally rallied and settled over $7,000. Cryptocurrency enthusiasts are confident that the digital currency will not fall sharply and financial analysts have also opined the same. Returns over 2017 have been better than the equity and gold markets. As a result, comparisons have been made between the two assets, with some…

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IBM Helps Jewelers to Avoid Blood Diamonds with Blockchain

Category: Blockchain, Business, Finance, News, Tech

IBM Helps Jewelers to Avoid Blood Diamonds with Blockchain

Dealers in gold and diamonds such as Richline Group Inc jointly announced with IBM on April 26, 2018, that the consortium will be developing watertight source material tracking using blockchain technology. Blood diamonds and other illicitly produced stones and minerals will be traced from source to attempted retail sale through the proposed blockchain application. IBM TrustChain Younger buyers are particularly…

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Gold Is Passé: Institutional Investor Believes Bitcoin Is The New Investment Choice

Category: Bitcoin, Commentary, Finance, News

Gold Is Passé: Institutional Investor Believes Bitcoin Is The New Investment Choice

The continual tug-of-war between bitcoin and traditional investment vehicles may soon reach an end. Numerous financial institutions have expressed their interest in cryptocurrency investing, and several figures are coming out in support of the cryptographic digital asset class. Joining the ranks of a bitcoin evangelist is Pfeffer Capital’s John Pfeffer, who recommended bitcoin as a prudent investment choice, instead of…

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How Bullion is Playing a Role in Attracting Islamic Investors to Cryptocurrencies

Category: Altcoins, Bitcoin, Blockchain, Business, Finance, News

How Bullion is Playing a Role in Attracting Islamic Investors to Cryptocurrencies

While the world argues over bitcoin’s legality and blockchain use-cases, another type of conundrum is brewing in Islamic countries – their religion essentially prohibits speculative investments. Yet, Dubai and other cities seem to have found a way around this, such that their citizens can invest in cryptocurrencies keeping in mind both its financial and religious risks. In the rulebook of…

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Is There a Relationship Between Gold, Bitcoin and the Recent Fed Rate Hike?

Category: Bitcoin, Commentary, Finance, News

Is There a Relationship Between Gold, Bitcoin and the Recent Fed Rate Hike?

The Federal Reserve raised interest rates by 25 basis points Wednesday, March 21, 2018, taking the benchmark funds rate from a target of 1.5 percent to 1.75 percent. This was the first rate hike under the chairmanship of the new governor, Jerome Powell, who was handpicked by President Trump. The rise in interest rates will increase short-term lending rates for…

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European Bitcoin Broker Wants Gold Standard Regulations for Bitcoin

Category: Bitcoin, Business, Finance, News, Regulation

European Bitcoin Broker Wants Gold Standard Regulations for Bitcoin

Eric Demuth, the co-CEO of Bitpanda, the largest bitcoin broker in Austria and one of the biggest in Europe believes that the pioneer cryptocurrency should be regulated in a similarly to gold. Regulations Offer a Platform for Legitimacy There has always been a fair amount of comparison between bitcoin and gold with many experts pointing to a number of shared…

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Ligthcash Project Launches First Fully Legally Compliant Cryptocurrencies and Fiat Money Exchange System

Category: Press Releases

Ligthcash Project Launches First Fully Legally Compliant Cryptocurrencies and Fiat Money Exchange System

One of the main problems of cryptocurrencies is their poor reputation as a tool used for illegal activities. Operations and legal structure of many crypto payments services are often lacking transparency as well. Lightcash project is aiming on fixing these problems. It is a first-ever fully legally compliant for cryptocurrencies and fiat money exchange, its internal crypto coin (LCSH) is…

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Islamic Finance and the Blockchain are Getting Closer

Category: Blockchain, Finance, News, Tech

Islamic Finance and the Blockchain are Getting Closer

GOLDX, a one-of-its-kind gold-based cryptocurrency developed by Malaysian FinTech firm HelloGold, has received a Sharia-compliant certification from the Shariah Supervisory Board of Amanie Advisors. The company now plans on launching its gold platform in Thailand sometime later in 2018. GOLDX was awarded the Sharia-compliant certificate because of the certainty, transparency, and the immediate nature of its issuance process. Launched in…

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RBC Researcher Reveals Correlation between Bitcoin and Gold

Category: Bitcoin, Commentary, Finance, News

RBC Researcher Reveals Correlation between Bitcoin and Gold

A correlation between bitcoin prices and gold may have finally been found, at least according to research by the global investment bank, RBC Capital Markets led by Chris Louney. Plotting Trends with Nascent Technology In an interview with CNBC, the researcher stated that the research highlights a trend between gold and bitcoin prices. Louney, a commodity analyst at RBC, said…

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