Zimbabwe sells gold-backed digital tokens worth $39 million
On 12 May, the Reserve Bank of Zimbabwe (RBZ) announced 135 applications totalling 14.07 billion ZWD (~$39 million) for the purchase of gold-backed digital assets.
Zimbabwe sells gold-backed digital tokens worth $39 million
On 12 May, the Reserve Bank of Zimbabwe (RBZ) announced 135 applications totalling 14.07 billion ZWD (~$39 million) for the purchase of gold-backed digital assets.
Zimbabwean authorities set price for gold-backed tokens
The RBZ designated the minimum purchase price for gold-backed digital assets — $10 for individuals and $5,000 for corporates.
Trader Urges Pulling Money From Banks and Putting It Into Gold and Bitcoin
Founder of trading platform Eight Michaël van de Poppe urged market participants to 'take' money out of banks.
Expert says gold and Bitcoin are a hedge against the collapse of traditional finance
Gold and bitcoin stored on a non-custodial wallet will help insure against the collapse of fiat money, according to Ari Paul, founder of the crypto fund BlockTower Capital.
Standard Chartered sees Bitcoin falling to $5,000 in 2023
FTX collapse will continue to weigh on crypto-market sentiment, leading in 2023 to Bitcoin's price dropping to $5,000. This conclusion was reached by Standard Chartered, according to Bloomberg.
Vitalik Buterin Lists Cryptocurrency Advantages Over Gold
Ethereum co-founder Vitalik Buterin, in response to a remark by American cartoonist Zach Weinersmith, enumerated three main advantages of cryptocurrencies over gold.
Analysts record rise in gold–Bitcoin correlation
The price correlation between gold and its digital counterpart rose above 0.3. Over the past year, the gauge has hovered within a range of -0.3 to 0.2, Kaiko said in a new study.
Is bitcoin ‘digital gold’?
Why is bitcoin called “digital gold”? What are the arguments for and against the thesis? This ForkLog explainer answers.
Ray Dalio: Bitcoin lags gold in the race
Bitcoin is a good hedge against inflation but not a full substitute for gold. This view was presented by billionaire Ray Dalio in an interview with the Economic Times.
BitMEX co-founder predicts Bitcoin to reach $1 million by 2030
Former CEO and co-founder of BitMEX, Arthur Hayes, predicted the rise in the price of the first cryptocurrency to $1 million by the end of the decade due to the US and EU's ineffective monetary policy.We use cookies to improve the quality of our service.
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