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Bitcoin, Gold Dives in Tandem as China Posts Poor Economic Data

Perceived safe-haven assets Bitcoin and Gold were trending downwards on Friday as investors processed the emotional aftermath of China’s weak economic data.Bitcoin extends bearish bias after breaking crucial support of $8,000 | Image credits: TradingView.comThe BTC/USD instrument slipped by 1.96 percent, or $158.23, on San Francisco-based Coinbase exchange to trade

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Coinshares, Blockchain Launch DGLD Gold Token as a Bitcoin Sidechain

A consortium of companies launched a gold-backed token with the DGLD ticker on a Bitcoin (BTC) sidechain.Swiss financial news outlet AllNews reported on Oct. 15 that digital asset managers CoinShares and MKS, as well as wallet service provider Blockchain, announced the launch of the token. Its development took two

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B2C2 Unveils Bitcoin-Settled Gold Derivatives Product 

B2C2, a leading cryptocurrency over-the-counter (OTC) liquidity provider to financial institutions, has announced the launch of its gold derivatives product which it says is priced and settled in bitcoin. The firm claims the first-of-its-kind product will enable institutional investors to synthetically trade gold on its Financial Conduct Authority (FCA) approved

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