July 24, 2024
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Blockchain News

Bitcoin as Digital Gold: Is Ethereum the Digital Silver?

In a recent viral interview, BlackRock CEO Larry Fink referred to Bitcoin as an international asset, suggesting that digital assets like Bitcoin could digitize gold on the blockchain. This statement sparked a debate on whether Bitcoin could be considered digital gold. But if Bitcoin is digital gold, then which cryptocurrency takes the role of digital

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As Bitcoin (BTC) fails to decouple from equity, gold takes center stage

With the geopolitical situation unfolding with the Russia-Ukraine crisis, Bitcoin’s function in the global financial system is becoming increasingly crucial. Following a drive to divorce itself from the stock market. Btc has lost more than 20% of its value after hitting a high over $45,000 earlier this year. Bitcoin is currently trading 4.16 percent lower

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Bitcoin Will Remain ‘Digital Gold,’ But Not A Transactional Currency

Bitcoin was established to compete with the US dollar. Many cryptocurrency supporters believe it will be the next gold. For decades, gold enthusiasts have extolled the rich yellow metal as the ideal “store of wealth,” arguing that it shields their investments from inflation’s corrosive effects. The Bitcoin bugs have made their appearance. In recent months,

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JPMorgan says Institutional Investors Are Supporting Bitcoin over Gold

JPMorgan, the top bank claims that institutional investors are taking their money out of gold and into bitcoin. Recently, Bitcoin hits past a $1 trillion market capitalization yesterday as the price surges above $55,000. U.S. big bank JPMorgan says institutional investor appetite, assurances that the U.S. won’t ban BTC, and the recent rise of the

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Popular Investor Bill Miller Compares Bitcoin With Ferrari, Calls Gold “Horse-And-Buggy”

The Great Investor, Bill Miller while speaking During the Forbes/Shook Top Advisor Summit, explains why Bitcoin is replacing Gold. Additionally, He narrates how the largest cryptocurrency is fast replacing Gold. More so, The ex-Legg Mason CIO goes ahead to make comparisons between the largest cryptocurrency and a Ferrari car. Furthermore, in the case of Gold,

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MELD in Partnership To Launch Gold-Backed Stablecoin

Decentralized finance (DeFi) platform MELD and Tingo Network, Nigeria’s largest mobile network are in major partnership together. This will bring about the launch of a new gold-backed stablecoin on top of the Cardano network. Chairman Ken Olling announces during City A.M’s crypto summit that the partnership will include Ubuntu Tribe. Meanwhile, Ubuntu Tribe is an

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Is Digital yuan a surveillance tool for the government?

According to Yao Qian, the People’s Bank of China director, China’s digital Yuan utilizing smart contracts. Moreover, it will be built to counter Alipay-like payment platforms that privately-owned conglomerates design. International finance forum He argued at the International finance forum in Beijing. He said that simply stimulating the digital Yuan’s physical counterpart would not be

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CBDC could pose a threat to the financial system

The state-backed digital currencies can disrupt the financial systems. Though CBDCs can help Central banks to address the decline in cash payments, some risk factors remain. Fitch Ratings Fitch Ratings is a Big Three credit agency. It warned that the central bank digital currencies could threaten the financial systems if the related risks are not

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Bitcoin News

American Investor Believes Bitcoin is like Digital Gold

Amidst increasing institutional crypto demand, American investor and Fund manager Bill Miller says Bitcoin is not a bubble but like digital gold.

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Visa plans to add cryptocurrencies to its payment networks

In a latest announcement, payments giant Visa adds cryptocurrencies to its payment networks and provide greater access to make it feasible for users.

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