Tag Archive: Cryptocurrencies

Year-end Rate Hike Once Again Proves To Be Launchpad For Gold Price

2017-12-15

Year-end rate hike once again proves to be launchpad for gold price. FOMC follows through on much anticipated rate-hike of 0.25%. Spot gold responds by heading for biggest gain in three weeks, rising by over 1%. Final meeting for Federal Reserve Chair Janet Yellen. Yellen does not expect Trump's tax-cut package to result in significant, strong growth for US economy. No concern for bitcoin which 'plays a very small role in the payment system'.

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Frustrated Investors File Lawsuits Against World’s Largest ICO

2017-12-05

by Tyler Durden

2017-12-05

ere's the latest sign that the massively fraudulent ICO market is headed for a collapse. Tezos’s investors are still waiting to learn when they can expect to receive the digital tokens that they paid a premium for during the company’s record-setting crowdsale. But as reports of abuse, internal strife and outright embezzlement have surfaced in the press, three groups of angry investors have filed class action lawsuits accusing the company of fraud...

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What Gives Cryptocurrencies Their Value

2017-12-05

by Tyler Durden

2017-12-05

The value of cryptocurrencies like bitcoin, just like any other kind of money, comes fundamentally from what you can do with it. As a follow up to What Backs Bitcoin, I want to dig into that value. The idea, which comes from Austrian economist Carl Menger, is that just as a shovel’s value comes from its ability to dig, a currency’s value comes from its ability to help you do two things: transactions and savings.

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Bitcoin Tops $10,100 – Fed’s Powell Says “Cryptocurrencies Just Don’t Matter”

2017-12-03

by Tyler Durden

2017-12-03

Update: Cryptocurrencies are widely bid tonight with Bitcoin over $10,150, Ether holding $475, and LiteCoin topping $100 for the first time. Bitcoin has now soared over 20% since Black Friday's close, topping $10,000 for the first time in history (rising from $9,000 in just 2 days)... now up over 950% year-to-date.

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New Gold-Backed Debit Card Launched In Partnership With MasterCard

2017-11-23

by Tyler Durden

2017-11-23

In recent years, there has been a major debate about the respective merits of gold versus Bitcoin, even though many, not all, gold bulls are also supporters of the latter. Gold advocates generally view favourably Bitcoin’s inherent characteristics of decentralisation, finite supply and ability to operate (so far) outside of the usual interference by western central banks.

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Each Bitcoin Transaction Uses As Much Energy As Your House In A Week

2017-11-07

by Tyler Durden

2017-11-07

While Bitcoin bulls will probably never have it so good as they have in 2017, we wonder whether many of them have stopped to think about the environmental downside of this roaring bull market. After all, back in the dot.com boom, people had ideas about potential internet businesses, issued pieces of paper representing ownership and watched their prices go parabolic parabolic.

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Global Asset Allocation Update

2017-11-05

by Joseph Y. Calhoun

2017-11-05

The risk budget this month shifts slightly as we add cash to the portfolio. For the moderate risk investor the allocation to bonds is unchanged at 50%, risk assets are reduced to 45% and cash is raised to 5%. The changes this month are modest and may prove temporary but I felt a move to reduce risk was prudent given signs of exuberance – rational, irrational or otherwise.

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The World’s Largest ICO Is Imploding After Just 3 Months

2017-10-26

by Tyler Durden

2017-10-26

Earlier this summer, Tezos smashed existing sales records in the white-hot IPO market after the company’s pitch to build a better blockchain for cryptocurrencies made it one of the buzziest ICOs in the world. As we noted at the time, the company capitalized on that buzz by courting VC firms and other institutional investors with a $50 million token pre-sale. After the company opened up selling to the broader public, demand soared as investors...

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A Look Inside The Secret Swiss Bunker Where The Ultra Rich Hide Their Bitcoins

2017-10-25

by Tyler Durden

2017-10-25

Somewhere in the mountains near Switzerland’s Lake Lucerne lies a hidden underground vault containing a vast fortune. It’s no ordinary vault, according to Quartz. Built inside a decommissioned Swiss military bunker dug into a granite mountain, it’s precise location is a closely guarded secret, and access is limited by myriad security precautions.

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Swiss National Bank Bubble Regains Lead Over Bitcoin

2017-09-22

by Tyler Durden

2017-09-22

But as Bitcoin rebounded from its China challenges, it overtook The SNB once again as bubbliest bubble. However, a 13% spike in the share price of The Swiss National Bank today has put an end to that leaving the central bank back in first place among the melter-uppers...

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Digital-Currency Milestone: Somebody Just Bought A House With Bitcoin

2017-09-21

by Tyler Durden

2017-09-21

A day after Bridgewater Associates Founder Ray Dalio claimed that bitcoin was “definitely in a bubble” partly because he said the digital currency was too difficult to spend, CoinTelegraph is reporting that the first-ever bitcoin-only real-estate transaction has been completed in Texas.

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Six Banks Join UBS’s “Utility Coin” Blockchain Project

2017-09-03

by Tyler Durden

2017-09-03

Here’s a piece of news that the remaining human members of Wall Street’s FX sales and trading desks probably don’t want to hear. According to the Financial Times, six of the world’s largest banks have decided to join a blockchain project called “utility coin” that will allow banks to settle trades in securities denominated in different currencies without a money transfer.

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Bitcoin Fork, Hyped ICOs – Immutable Gold and Silver

2017-08-16

by GoldCore

2017-08-16

Latest developments show risks in crypto currencies. Confusion as bitcoin may split tomorrow. SEC stepped into express concern over ICOs. ICOs have so far raised $1.2 billion in 2017. ICOs preying on lack of understanding from investors. Physical gold not vulnerable to technological risk. Beauty and safety in simplicity of gold and silver.

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Millennials Can Punt On Bitcoin, Own Gold and Silver For Long Term

2017-07-23

by Jan Skoyles

2017-07-23

Bitcoin volatility shows not currency or safe haven but speculation. Volatility still very high in bitcoin and crypto currencies (see charts). Bitcoin fell 25% over weekend; Recent high of $3,000 fell to below $1,900. Bitcoin least volatile of cryptos, around 75% annualised volatility. Gold much more stable at just 10% annualised volatility.

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Fighting inflation with FX, a real traders market

2017-07-20

by Elite Services

2017-07-20

Gain Change, Currencies Popularity, Reward: Risk Ratios, Average Holding Time

The much anticipated document (press release and link to full document) released by U.S. Trade Representative Robert Lighthizer said the Trump administration aimed to reduce the U.S. trade deficit by improving access for U.S. goods exported to Canada and Mexico and contained the list of negotiating objectives for talks that are expected to begin in one month.

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Switzerland Opens Door To Bitcoin Asset-Management Business

2017-07-16

by Tyler Durden

2017-07-16

Bitcoin and other cryptos have fallen sharply over the past month in a shakeout that saw some of the early longs decide to take their winnings and walk away. But a 20% drop from the all-time highs hasn’t done much to temper wealthy investors interest in bitcoin and other cryptocurrencies as alternative investments potentially worthy of diversification.

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Digital Gold – For Now Caveat Emptor

2017-03-20

by GoldCore

2017-03-20

Bitcoin surpasses gold price - a psychological and arbitrary headline. Royal Mint blockchain gold asks you to trust in the UK government. Royal Canadian Mint and GoldMoney blockchain product asks you to trust in government and the technology, servers, websites etc of the providers. Invest in a gold mine using cryptocurrency - but wait until 2022 for your gold and trust the miners that it is there. Blockchain and gold will likely make a "good...

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