Should Bitcoin Bulls Fear Gold’s Unexpected Rally?

Gold has been rallying alongside bitcoin the past few months, and with this move in gold, there has been an increase in traffic at precious metals sellers as consumers unload expensive watches and precious metals. What does this signify for bitcoin, if anything? Why the Gold Rally? The gold and Bitcoin prices have both rallied in 2019. | Source: TradingView Pawnshops have existed for centuries. Stores that specialize in buying gold cropped up during the financial crisis. With unemployment soaring and gold pushing $2,000 per ounce, citizens across the country…

Should Bitcoin Bulls Fear Gold’s Unexpected Rally?

Gold has been rallying alongside bitcoin the past few months, and with this move in gold, there has been an increase in traffic at precious metals sellers as consumers unload expensive watches and precious metals. What does this signify for bitcoin, if anything? Why the Gold Rally? The gold and Bitcoin prices have both rallied in 2019. | Source: TradingView Pawnshops have existed for centuries. Stores that specialize in buying gold cropped up during the financial crisis. With unemployment soaring and gold pushing $2,000 per ounce, citizens across the country…

Bitcoin Bull Puts Money Where His Mouth is, Holds 50% of Wealth in BTC

For a while now, Anthony Pompliano has been a leading champion of Bitcoin (BTC). Best known as “Pomp”, the Facebook staffer-turned-crypto investor and media tycoon has garnered over 100,000 followers on Twitter while lauding BTC. Case in point, his catchy quips, “Long Bitcoin, Short the Bankers” and “Bitcoin is never down”, have become industry favorites, and his incessant use of the rocketship and fire emojis have become a running joke in the community. Related Reading: Pension Funds Should Buy Bitcoin (BTC), Says Crypto Advocate But, some have been left wondering,…

Blockchain for the Food, How Industry Makes Use of the Technology

As blockchain continues to push for mass adoption, the food and beverage industry is shaping up to be one of the most inclusive destinations for the technology: Just over the past few months, a variety of players — including juggernauts like Nestlé, Carrefour and Starbucks — have reported on their latest blockchain-powered initiatives within the field.  Indeed, in 2019, blockchain has been piercing the food industry at an accelerated pace. According to recent research, 20% of the top-10 global grocers will use blockchain by 2025. So, what makes the technology…

European Central Bank Exec Calls for Fast Regulatory Action Regarding Libra

European Central Bank executive board member Benoit Coeure said that financial regulators must act fast to prepare for Facebook’s Libra stablecoin, Bloomberg reports on July 7. Per Bloomberg, Coeure argued on Sunday in Aix-en-Provence in southern France that allowing for the development of new financial services and asset classes in a regulatory void is irresponsible. He concluded: “We [financial regulators] have to move more quickly than we’ve been able to do up until now.” According to Coeure, the development of digital assets has exposed gaps in current financial regulations, and…

Store, Send, and Receive Liquid Bitcoin (L-BTC) on Blockstream Green

The Liquid Network, the world’s “first production Bitcoin sidechain”, is now accessible from the mobile wallet Blocksream Green. The update is supported on both iOS and Android, and allows its users to take advantage of Liquid Bitcoin in a simple and direct way, as revealed in an official blog post, July 5, 2019. Liquid Network for the Masses The Liquid Network is the first bitcoin sidechain created by Canadian company Blockstream and was officially made available on the Bitcoin network in October of 2018. For the uninitiated, sidechains are secondary…

US City Plans SLP Token and Canadian Platform Adds BCH in the Bitcoin.com Weekly Video

An American city is planning to launch its own SLP token and a Canadian trading platform adds support for BCH pairs. Watch these and other developments discussed in this week’s video update on Bitcoin.com’s Youtube channel. Also Read: Bitcoin Cash ETP Lists on Leading Swiss Stock Exchange American City Plans to Create Local SLP Token Dublin, Ohio, an American city of over 40,000 residents, is reportedly planning to create a local token using the Simple Ledger Protocol (SLP) which is powered by the Bitcoin Cash (BCH) network. Joshua Green, the…

Bitcoin Hash Rate Hits New All-Time-High

The Bitcoin (BTC) hash rate reached a new all-time high today, according to data from monitoring resource Blockchain.com on July 7. The previous record was broken in the second half of June, when bitcoin’s hashrate reached 65.19 TH/s and growth has steadily continued since then. Hash rate is the number of calculations that a given hardware or network can perform every second. It is a very important parameter for miners, as a higher hash rate will increase their chances of solving the mathematical problem, sealing off the block and collecting…

Craig Wright Tries to Claim a $1M Bitcoin Creator Satoshi Bounty

Craig Wright Wants to Speak as the Creator of Bitcoin at Vegas Conference Craig Wright isn’t backing down in his war to claim the Bitcoin creator title. Ever since “coming out” as Satoshi Nakamoto in 2013, the early cryptocurrency adopter, a cryptographer by trade, has fought for the accolade tooth and nail. According to Grant Cardone, a serial entrepreneur, growth hacker, and personality that is popular on social media, Wright recently made a ballsy play. This play was to try and claim Cardone’s $1 million bounty on the “real” Satoshi…

Generation Z Does Not Plan to Buy Cryptocurrency

Generation Z does not plan to buy cryptocurrency, according to the results of a survey conducted by Business Insider released on July 5. Per the report, SurveyMonkey Audience partner Cint surveyed 1,884 U.S. residents between ages 13 to 21 to learn the opinions Generation Z. The survey participants were asked how likely they were to purchase cryptocurrency in the next six months, and over 52% answered: “not at all.” Furthermore, only 5% answered “extremely likely,” 6% “very likely,” 15% “somewhat likely,” and 17% “not so likely,” while 4% gave different,…