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Baltic Honeybadger 2017 • November 25-26, 2017

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Tag: gold

GoldMint’s Cryptoasset to Give Gold the Blockchain Makeover

Category: ICO News

GoldMint’s Cryptoasset to Give Gold the Blockchain Makeover

Cryptocurrency and gold are both valued for their resistance to inflation and preserving real wealth over the long term, but many crypto advocates point to two concerns. The lack of portability and physical seizure of the yellow metal. GoldMint will offer to cryptocurrency investors a 100 percent gold-backed token, hoping to ease these concerns. Cryptocurrency investors should be interested in…

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CME Group and Royal Mint at Final Stages of Blockchain-Based Gold Exchange Testing

Category: Blockchain, Finance, Tech

CME Group and Royal Mint at Final Stages of Blockchain-Based Gold Exchange Testing

CME Group, the world’s largest gold futures exchange in North America via COMEX, is at its final stage of blockchain testing which will allow investors to trade gold on a platform inspired by Bitcoin. In collaboration with the U.K.’s Royal Mint, CME Group plans to launch a distributed ledger-based gold exchange for the public market toward the end of 2017….

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Bitcoin is a Digital Commodity, Not Just a Technology

Category: Bitcoin, Commentary, News

Bitcoin is a Digital Commodity, Not Just a Technology

A recent Bloomberg article argued that bitcoin is neither a real currency nor a commodity. Instead, the author argues that bitcoin is purely a technology and that looking at the price performance of gold versus bitcoin is like comparing “the prices of soybean futures and Intel stock.” Comparing Gold and Bitcoin Gold and bitcoin are regularly compared in the financial…

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A Single Bitcoin Surpasses the Price of One Ounce of Gold

Category: Bitcoin, Commentary, News

A Single Bitcoin Surpasses the Price of One Ounce of Gold

For the first time in bitcoin’s price history, one bitcoin had exceeded the value of an ounce of gold, an asset that is often compared to the cryptocurrency. Trading at $1260 at the time of writing, it is also a new all-time high for bitcoin as well. Is it time for Bitcoin to join the ranks of gold and silver…

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Bitcoin IRAs Pass $4 Million in Investments

Category: Bitcoin, Finance, News

Bitcoin IRAs Pass $4 Million in Investments

The former director of the United States Mint, author, entrepreneur, sales executive, consultant and distinguished leader in public service, Edmund C. Moy, is now the Chief Strategist for BitcoinIRA, a new and unique American company that allows people to invest with bitcoins for their IRA or 401(k). “A bitcoin IRA – or Individual Retirement Account – is like any other…

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Indonesia Tightens Fintech Regulations, Bitcoin Adoption On the Rise

Category: Bitcoin, Business, Commentary, News, Regulation

Indonesia Tightens Fintech Regulations, Bitcoin Adoption On the Rise

Indonesia’s Financial Services Authority called Otoritas Jasa Keuangan (OJK) passed an important regulation, requiring fintech startups to maintain at least $185,000 in capital to obtain a business license from the government’s agency. The new regulation comes amidst a wave of bitcoin adoption in the country. Basic Capital Requirement Enacted on Startups The newly passed regulation is an essential part of…

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Bitcoin or Gold for 2017?

Category: Bitcoin, Commentary, News

Bitcoin or Gold for 2017?

For many people, 2016 is a year they would rather forget. But for some investors Bitcoin’s steady rise, in response to 2016’s political and financial surprises, suggests the cryptocurrency is poised to take the safe-haven mantle away from gold in 2017. Whether it was the post-Brexit BTC-GBP prices helping the global value breach the psychological milestones of $800 and then…

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Is Bitcoin a Better ‘Safe Haven’ than Gold?

Category: Bitcoin, Commentary, News

Is Bitcoin a Better ‘Safe Haven’ than Gold?

Since the 2008 financial crisis and the ‘Great Recession’, one asset stood out as the ‘safe haven’ investment that investors flocked to. That asset was gold. The price of gold increased by over 20 percent during the ‘Great Recession’ from $800 in December 2007 to $965 in June 2009 and continued its rally to peak at $1,917 in August 2011….

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Royal Mint and CME to Use the Blockchain to Trade Gold

Category: Business, News, Tech

Royal Mint and CME to Use the Blockchain to Trade Gold

Britain’s Royal Mint has partnered with US-based derivatives exchange CME Group to release a blockchain-based digital platform that will reduce costs associated with trading gold. “While things have improved regarding gold trading over the centuries, it’s our view that it still remains difficult and relatively expensive as a commodity to invest in… Gold is known in the industry as a…

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IEX to Create Gold Exchange Using Blockchain

Category: Finance, News

IEX to Create Gold Exchange Using Blockchain

IEX Trading Group, a US-based stock exchange, is trying to implement the blockchain technology into its upcoming gold exchange for greater transparency and efficiency in clearing and settling trade orders. Matt Harris, managing director of Bain Capital Ventures which invested in IEX in early 2014, stated that company’s internal project TradeWind Markets will utilize the blockchain technology as the core…

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