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The gold price hit a two-week low of $1,705, as the global economy slowly becomes more optimistic. Gold is unlikely to hit new highs if equities and real yields continue gains but may resurge if the economic recovery falters. Gold will likely remain strong in the medium to longer-term,
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At its core, the Bitcoin blockchain is a sprawling global machine – a human-created network of human-operated computers.And for bitcoin traders, it's bullish that key events on the blockchain network over the past couple weeks have gone smoothly, showing that the machine is working well. Or, at least, exactly as it was designed. You're
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Iran has issued a bitcoin mining license to Iminer, a Turkish-based company. Iminer will operate up to 6,000 rigs, with a computing power of 96,000 terahash per second (TH/s) in total.According to media reports, the miner has spent $7.3 million setting up the mining facility, located in Iran’s
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Bitcoin surged by almost 11 percent minutes after the US central bank committed to unlimited purchasing of US Treasuries mortgage-backed securities to help its struggling economy amidst Coronavirus pandemic.“The Federal Reserve is committed to using its full range of tools to support households, businesses, and the US economy overall in
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U.S. stocks continue to reel over coronavirus-related fears, and investors are increasingly betting the Federal Reserve will slash interest rates to stabilize the economy and markets.But whether those investors turn to bitcoin (BTC) as a crisis hedge remains to be seen.Such action by the Fed could, in theory, help bitcoin
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This post is part of CoinDesk's 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Michael J. Casey is CoinDesk’s chief content officer. The views expressed here are his own.Our social media-constrained attention spans make it hard to focus
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While investors agree that the current monetary policies from central banks will spell doom for the market, there is no consensus on which asset takes primacy as a hedge against the coming uncertainties. Mark Mobius of Mobius Capital Partners recently told Bloomberg, that rising bitcoin interest will only fuel the
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