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Turkey's Istanbul Clearing, Settlement and Custody Bank (Takasbank) announced that its blockchain-based, physical gold-backed transfer system is now live.Turkish Takasbank launched BiGA Digital Gold to provide banks with a blockchain-based system for the issuance, repayment and transfer of digitized gold, according to an announcement on Dec. 30. The BiGA system
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Most of the commodities, stocks, and bonds staged an outstanding run in 2019. But the traditional asset classes still fell short before a stronger and a more offbeat contender: Bitcoin.The benchmark cryptocurrency, which more or less functions as a “decentralized” payment startup, underwent a dreamy bull run during 2019’s first
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Bitcoin is on track to end 2019 on a positive note and significantly outperform traditional assets like gold and stocks. The number one cryptocurrency is currently trading at $7,125, representing a 93 percent gain on a year-to-date basis, according to CoinDesk's Bitcoin Price Index. Prices rose from $3,700 to $13,880 in
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Gold bugs certainly have had quite the field year in 2019. The price of gold, even though it’s had ups and downs like pretty much every other asset, has still brought in significant year-to-date (YTD) returns so far. The price behavior might be seen by gold bugs, especially those who
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2019 has been quite the year for assets across the board — from Bitcoin and equities to gold and real estate, a majority of investments have made gains since January 1st.Related Reading: Here’s How Bitcoin Price Could Hit $20,000 By as Early as March: AnalystAn interesting trend to watch this
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With cryptocurrencies having captured everyone’s imagination, we often forget that the digital gold boom of the 2000s was the first digital currency revolution. Jackson's initial success with e-gold encouraged a swarm of copycats: GoldMoney, eBullion, OSGold, INTGold, Pecunix, 1mdc, and more. These currencies were swapped on hundreds of digital gold
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The price of gold jumped on Wednesday after two happenings in the monetary sector affected the ongoing market direction. The first is the inflation rate. The U.S. Bureau of Labor Statistics said on Wednesday the U.S. consumer inflation rate grew by 2.1% in September.The second one is considering the interest
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For most of the year, bitcoin's price showed a modestly negative correlation with the S&P 500. In other words, the world's largest cryptocurrency by market capitalization tended to rise on days when the bellwether stock-market index fell, and vice versa. Source
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Bitcoin maximalist Anthony Pompliano claims he will never bail out of his long positions. Gold cheerleader Peter Schiff likens this to a Titanic captain – loyal but misguided. Even with its recent price plunge, bitcoin is still massively outperforming gold. At What Point Will Bitcoin Maximalists Capitulate? Peter Schiff never passes up a good
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Although the stock market has been hitting new highs, analysts have warned investors to stay cautious during these times. Otavio Costa, an analyst at Crescat Capital said that it is the ideal time for investors to buy and accumulate gold.In an in-depth analysis, Costa explained that the Treasury Yield Curve
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