David Marcus, head of the Libra project at Facebook, doesn’t see Bitcoin as a currency form, saying it’s digital gold.Read More »Bitcoin Not a Currency According to Libra Lead from Facebook
The Bitcoin Rich List has grown over the past 12 months, or the number of addresses holding more than 1,000 BTC, possibly reflecting an influx of high-net worth investors.
According to data from Coin Metrics, the metric has recorded growth of 30% since September 2018. The figure shows a similar increase even when adjusted to exclude addresses known to belong to exchanges.Read More »The ‘Bitcoin Rich List’ Has Grown 30% in the Last Year, But Why?
Starbucks will be the first launch of the upcoming payment service for Bakkt cryptocurrency. This comes months after reports that the coffee chain accepted direct Bitcoin payments were turned on. Now it seems obvious that the company will soon start accepting Bitcoin payments through the merchant portal of Bakkt.Read More »Starbucks for the Cryptocurrency Payment Service of Bakkt until July 2020
Genesis Mining conducted a survey asking what support is given to the U.S. dollar. Apparently, about 30% of the U.S. public believe that gold still supports the dollar.
The Bretton Woods system came to an end in 1971, and then the USD-to-Gold convertibility was officially terminated. The dollar became a fiat currency alone, and free-floating exchange rates. Despite this occurring nearly 50 years ago, some Americans still feel that gold is somehow tied to dollars.Read More »30% of Americans Believe the U.S. Dollar Is Backed by Gold
Gold is often compared to Bitcoin, but let’s look at the differentiation of their actual price. At the prices of today, 1 oz. Approximately 0.15 BTC of gold. To compare, 1 oz. In 2011, the value of the metal was 584 BTC.Read More »In 2011, Gold Was Worth 584 Bitcoin an Ounce, Now 0.15
We’ll start with the general cryptocurrency news and the big story at the moment which everybody’s talking about in the crypto space is that they see the Chinese president (Xi Jinping) he obviously is the leader of China and they’ve basically they had these huge Press releases come out and they’re saying that they’re they want to be the world-leading country for blockchain technology. This is massive.
So Bitcoin and Ethereum are two of the most popular cryptocurrencies out there. But have you taken the time to look at how they compare, how they’re similar and different in a variety of different aspects like their origin, monetary policy, scripting language, how they handle network upgrades and so forth? Read More »Ethereum vs Bitcoin 2019 – 9 Things You Need to Know (Similarities & Differences)