Tag: Gold

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PBOC

PBOC to Strengthen Cryptocurrency Regulations in 2018

PBOC to Strengthen Cryptocurrency Regulations in 2018 The People’s Bank of China (PBOC)’s Institute of International Finance has released a report identifying cryptocurrencies as a top priority for 2018. The document claims that widespread retail investment into cryptocurrencies has the potential to pose a systemic risk to the Yuan, and also emphasizes the PBOC’s intention…
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March 31, 2018 0
S&P 500

Bitcoin Price Volatility Seems to Correlate With S&P 500 Market Movements

Bitcoin Price Volatility Seems to Correlate With S&P 500 Market Movements When it comes to the Bitcoin price, it is difficult to make sense of it all. The dip over the past few months as caught a lot of people by surprise. Even so, it seems the Bitcoin price industry is not the only value…
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March 29, 2018 0
Markets

A Visual Comparison Between Bitcoin and Other Markets

A Visual Comparison Between Bitcoin and Other Markets The market cap of cryptocurrencies, the world’s fastest growing asset class, has surpassed $677 billion. And bitcoin itself has surged past the payment processing company Paypal and the fast food company McDonald’s. Still, it looks tiny compared to other global markets The site The Money Project has put together…
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January 13, 2018 0
Goldman Sachs Exec

Bitcoin Isn’t Sapping Demand for Gold, Says Goldman Sachs Exec

Bitcoin Isn’t Sapping Demand for Gold, Says Goldman Sachs Exec A Goldman Sachs Exec has said there is “no evidence” that bitcoin’s price gains have reduced demand for gold. Amid investor concerns over the issue, Jeffrey Currie, global head of commodities research for the financial services giant, told the Financial Times this week that he believes investor pools for…
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December 12, 2017 0
National Cryptocurrency

Venezuela Announces the Creation of Oil-Backed National Cryptocurrency – the Petro

Venezuela Announces the Creation of Oil-Backed National Cryptocurrency – the Petro Venezuela’s president Nicolás Maduro has announced the creation of the country’s national cryptocurrency. It will be called the Petro and will be backed by the nation’s oil, gold, gas, and diamond reserves. Venezuela’s National Cryptocurrency Venezuela’s president Nicolas Maduro. The president of Venezuela, Nicolás Maduro, announced on…
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December 4, 2017 0

Goldman Sachs Still Advises People to buy Gold Over Bitcoin

Goldman Sachs Still Advises People to buy Gold Over Bitcoin The financial sector has no love lost for Bitcoin and cryptocurrency. Especially major financial players are trying to keep people away from BTC right now. Goldman Sachs is one of those entities still on the fence about cryptocurrencies. For now, the bank still advises investors…
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October 18, 2017 0