The price of bitcoin hit new 2020 highs as the “alternative to gold” narrative increases. Meanwhile, smaller crypto tokens might be helping push DeFi to new heights. Bitcoin (BTC)…
Tag: Gold
Bitcoin, Ethereum, and Major Cryptos Fall as Dollar Finally Reverses
Bitcoin, Ethereum, gold, stocks, and nearly every other asset on the planet trades against the almighty dollar. Its role as the global reserve currency is an exhausting one, often…
Coinbase Custody to support Celo Gold (cGLD), Filecoin (FIL), Keep Network (KEEP), NEAR Protocol…
Coinbase Custody to support Celo Gold (cGLD), Filecoin (FIL), Keep Network (KEEP), NEAR Protocol (NEAR) & Polkadot (DOT) With over 300 clients and having topped more than $8 billion in…
First Mover: Bitcoin Now Crushing Gold After Biggest Price Jump in Six Weeks – CoinDesk
Bitcoin has lagged gold this year as investors looked for hedges against inflation – especially with the Federal Reserve creating trillions of dollars of fresh money to offset the…
Bitcoin, Gold Spike as Fed Unveils Unlimited Coronavirus Stimulus Package – CoinDesk
Bitcoin’s (BTC) price shot up along with gold and stock futures after the U.S. Federal Reserve announced a quantitative easing package with no upper limit to support the economy…
Bitcoin Needs ‘Real Use Cases’ to Become Digital Gold, Says ICE Chief – CoinDesk
Bitcoin might become “digital gold,” but first it needs to be used more in everyday business, Intercontinental Exchange’s chief executive said. During a quarterly earnings call Thursday, ICE head Jeffrey…
Bitcoin and Gold Prices Diverge Again, Extending 5-Month Correlation – CoinDesk
Bitcoin is again feeling the pull of gravity amid a rally in gold – a classic safe haven asset. The premiere cryptocurrency topped out at highs near $9,100 on…
Crypto Exchange Bits Of Gold Wins Supreme Court Battle Over Bank Block – CoinDesk
Cryptocurrency exchange Bits of Gold has won a notable legal victory over an Israeli bank in its bid to keep access to banking services. On Monday, the Israeli Supreme…
Russia ‘Would Consider’ Creating Gold-Backed Cryptocurrency
Russia’s central bank would consider creating a new cryptocurrency backed by gold for international settlements. Gold-Backed Crypto Could Have Use In Settlements That was the latest information to come…
Bitcoin-Gold Price Correlation Shows Widest Spread in Over a Year – CoinDesk
With gold on the defensive and down roughly 6 percent since mid-February, bitcoin may continue to shine brightly in the near future. After all, experts have found the two…