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San Francisco-based cryptocurrency exchange Kraken is listing OmiseGO (OMG) and PAX Gold (PAXG) tokens.According to a blog post on Oct. 28, the exchange’s users will be able to deposit, withdraw and trade both assets starting Oct. 29. Kraken will roll out trading pairs between OMG and PAXG and Bitcoin
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A Venezuelan man has used the bulk of his bitcoin savings to pay the medical costs of his son’s birth. Many consider adequate healthcare a universal human right but only few in the inflation-ridden country can actually afford it. José Rafael Peña, a materials engineer from Caracas, outlined the payment process
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Analyst, Chris Mancini claims governments are increasingly turning to gold, and not Bitcoin, in order to hedge against economic uncertainty. Motivated by geopolitical wranglings, as well as a desire to reduce dollar reliance, the Chinese and Russian central banks are driving demand for gold. Is Bitcoin now out of the
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Cameron Winklevoss — one half of the eponymous family office Winklevoss Capital and co-founder of the Gemini crypto exchange — says Bitcoin’s (BTC) possibilities go beyond digital gold. In a tweet posted on Oct. 23, Cameron argued that:“Because Bitcoin is open source software, its possibilities are boundless. I often talk
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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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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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Digital asset manager CoinShares is putting gold on the bitcoin blockchain. Working with wallet provider Blockchain and precious medal trader MKS (Switzerland) SA, the U.K.-based firm announced Tuesday a gold-backed network for trading tokens representing digitized physical gold, a
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Galen Moore is a member of the CoinDesk Research team. The following article originally appeared in Institutional Crypto by CoinDesk, a weekly newsletter focused on institutional investment in crypto assets. Sign up for free here. Investors are beginning to have a
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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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Australia’s only bullion mint is backing a new digital token aimed to allow investors to trade the precious metal in real time. The Perth Mint Gold Token (PMGT) was launched by InfiniGold on Friday, and is backed 1:1 by GoldPass certificates issued
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