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Nalezeno "1 oz of gold": 4028

You can now buy gold-backed NFTs with the mining carbon footprint offset

26.5.2021
Wallet provider Lohko has launched gold-backed NFTs offering carbon offsets

Gold hits four-month high following crypto crash

25.5.2021
Spot gold last week hit its highest price level since Jan. 8 after dipping to as low as $1,680 in early March

Comparing the True Costs of Gold Mining in Africa With Those of Bitcoin Mining

24.5.2021
When billionaire Elon Musk announced that Tesla would no longer accept bitcoin as payment for its electric vehicles, the price of the crypto asset tanked. In justifying this decision, Musk cited bitcoin mining’s inefficient use of electricity as well as its impact on the environment. In fact...

Former US Treasury Secretary Larry Summers Says Cryptocurrency Is Here to Stay as Digital Gold

23.5.2021
Former U.S. treasury secretary and chief economist at the World Bank, Larry Summers, says cryptocurrency is here to stay as a kind of digital gold. He believes that people want an alternative to gold that is “separate and apart from the day-to-day workings of governments.” Former World...

Bitcoin $5K ‘kimchi premium’ returns while gold prices surge in Korea

19.5.2021
Bitcoin is trading at 12.5% higher in South Korea than in other markets, while gold prices climb to quarterly highs

Report: South African Taxes and Smuggling Behind Gold’s Price Distortions in Zimbabwe

18.5.2021
Despite gold’s longstanding status as an alternative store of value, the commodity continues to experience unusual price variations in countries like South Africa and Zimbabwe. In turn, such price variances, as well as the rampant smuggling of the commodity, are distorting the precious...

Banking system consumes two times more energy than Bitcoin: research

17.5.2021
According to Galaxy’s estimates, the annual energy usage of Bitcoin stands at 114 TWh, while the banking industry consumes over 260 TWh each year

Banking System Uses Significantly More Energy Than Bitcoin, Research Shows

17.5.2021
A new report shows that the banking system consumes more than twice the amount of energy that bitcoin does. The authors analyzed bitcoin’s energy usage and compared it to the banking and gold industries. Banking System Consumes Much More Energy Than Bitcoin Galaxy Digital published a report...

Mark Cuban to Elon Musk: Accepting Bitcoin Will Actually Benefit the Environment

16.5.2021
Shark Tank star and the owner of the NBA team Dallas Mavericks, Mark Cuban, has made an argument that accepting cryptocurrencies, including bitcoin, will actually help the environment. He told Elon Musk, whose electric car company Tesla has suspended accepting bitcoin, citing environmental...

‘Gold Is Clearly Being Replaced by Digital Gold’- Precious Metal Markets Spike, Strategist Mike McGlone Calls PM Action ‘Meh’

7.5.2021
Precious metals (PM) markets have been trading a bit higher in recent days, while cryptocurrency markets have been seeing gains as well. Spot gold prices have jumped to $1,805 per ounce, up more than 1.3% during the last 24 hours, while silver prices have increased by 2.5%. As PMs have gathered...

Danske Bank Lowers Negative Rate Threshold, Denmark’s Business Minister Says ‘Enough is Enough’

3.5.2021
On April 26, 2021, the Danish multinational banking and financial services corporation Danske Bank published a press release explaining that the institution has changed the threshold for personal customers and standard interest rates for business customers in Denmark. The Bank plans to lower...

Gold Gundam Statues Go On Sale In Japan For Only $240,000

3.5.2021
Like Gundam? Have lots of money? Well, does a Japanese jewelry company have a product for you. Several, actually.Read more

Gold Bug vs. Bitcoin Bug: A Look at the Curious Relationship Between Peter and Spencer Schiff

3.5.2021
For years now the well known economist and gold bug Peter Schiff has continuously spoken out against bitcoin, as he claims precious metals are far superior. A great number of people have rebutted Schiff’s statements about bitcoin but during the last year, the gold bug has had a different...

The way of the stablecoin: A journey toward stability, trust and decentralization

2.5.2021
Stablecoins backed by fiat and other assets are increasingly gaining popularity, with many more solutions being brought onto the market each year

Shark Tank’s Kevin O’Leary Says ‘Bitcoin Will Always Be the Gold,’ Citing Interest From ‘All Kinds of Institutions’

1.5.2021
Shark Tank star Kevin O’Leary, also known as Mr. Wonderful, says “Bitcoin will always be the gold,” outperforming other cryptocurrencies, such as ethereum, in the long run. He said “there are interests being brought out of all kinds of institutions” for bitcoin. Kevin...

BNY Mellon fund laments: ‘We should have bought Bitcoin, not gold'

30.4.2021
SEC filings show that America’s oldest bank has attributed the underperformance of its small-cap ETF to failing to buy MicroStrategy shares after the firm invested heavily in BTC

Goldman Sachs Doubts Bitcoin as Store of Value Citing Environmental Problems and ‘Lack of Real Use’

29.4.2021
Global investment bank Goldman Sachs is questioning whether bitcoin can be a long-term store of value and digital gold. The firm’s analysts cited various issues with the cryptocurrency, such as environmental problems, “lack of real use,” and competition from other...