Day: October 14, 2022

UK’s Royal Mint Reveals Record Profits Amid Significant Demand for Physical Gold and Silver – Bitcoin News

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While the price of gold has dropped in value from the asset’s all-time high on March 8, the U.K.’s oldest precious metals (PMs) company, the Royal Mint, saw record profits over the last 12 months. In fact, the Royal Mint’s annual earnings show the firm has seen the highest profits in 12 years, with PMs accounting for roughly 86.7% of the Royal Mint’s revenue. Royal Mint Prints Record Profits During Last 12 Months Precious metals demand has skyrocketed, according to the recent annual profits accrued by the Royal Mint over…

Bringing Blockchain to Indigenous Communities

“It’s a big issue – people making fake indigenous art, jewelry, copying designs,” says Foreman. “Our traditional makers aren’t making enough income, aren’t being [properly] valued in the traditional marketplace. They gather the mud from the riverside and hand-fire it. It’s hard for that to compete [on price] against someone who’s buying a pot made in a factory and just painting it.” Issuing non-fungible tokens to authenticate items created by IndigiDAO members could be one way to tackle fakes. Source link

Bitcoin bear market will last ‘2-3 months max’ —Interview with BTC analyst Philip Swift

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Bitcoin (BTC) may see more pain in the near future, but the bulk of the bear market is already “likely” behind it. That is one of many conclusions from Philip Swift, the popular on-chain analyst whose data resource, LookIntoBitcoin, tracks many of the best-known Bitcoin market indicators. Swift, who together with analyst Filbfilb is also a co-founder of trading suite Decentrader, believes that despite current price pressure, there is not long to go until Bitcoin exits its latest macro downtrend. In a fresh interview with Cointelegraph, Swift revealed insights into…

XRP, ATOM Rebound From Recent Declines – Market Updates Bitcoin News

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Xrp rebounded from recent drops in price on Friday, as the token surged by nearly 10% in today’s session. Cosmos was another notable gainer, as it snapped a four-day losing streak. Overall, cryptocurrency markets were mostly higher, with the global market cap up nearly 5% as of writing. XRP was one of today’s big gainers, as prices of the token rose by nearly 10% earlier in today’s session. Following a low of $0.4380 on Thursday, XRP/USD raced to an intraday peak of $0.5117 during the day. Yesterday’s drop saw the…

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Ukraine’s Kharkiv Art Museum Launches NFT Collection With Binance to Raise Funds, Secure Jobs – News Bitcoin News

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The art museum in the Eastern Ukrainian city of Kharkiv has partnered with cryptocurrency exchange Binance to offer non-fungible tokens (NFTs) of some of its most valuable artworks. Proceeds from the auction will be used to restore the museum’s activities and support its staff. Ukrainian Museum to Sell 15 Works of Art as Digital Collectibles on Binance NFT The NFT marketplace of the world’s largest crypto exchange by trading volume, Binance NFT, has announced the launch of tokens representing over a dozen of Kharkiv Art Museum’s works. The cultural institution…