Technology: Cryptosphere Courts Gold Bugs as Bitcoin Loses Some Luster - - PressFrom - US
  •   
  •   
  •   

Technology Cryptosphere Courts Gold Bugs as Bitcoin Loses Some Luster

15:00  15 november  2019
15:00  15 november  2019 Source:   bloomberg.com

HTC will preload a Bitcoin Cash wallet on its blockchain phone

HTC will preload a Bitcoin Cash wallet on its blockchain phone If a second blockchain phone didn't make things clear, HTC is still as serious as ever about its crypto-phones On Monday, the company announced a new partnership with Bitcoin.com that will see all new Exodus 1 phones come with the Bitcoin Cash (BCH) wallet app pre-installed. On existing devices, meanwhile, HTC will push an update that adds the app to the phone. As part of the partnership, the Bitcoin.com online store has also started selling Exodus 1 devices. In the future, if you don't plan on hoarding on your Bitcoin Cash, you'll be able to get a discount on select HTC smartphones when you pay for a device with Bitcoin Cash.

Bitcoin , the industry bellwether, has traded in a fairly narrow range since June. Volume on some Bitfinex-listed coins has dropped as much as 10 Efforts to digitize gold have a long history. At one point millions of people bought an online currency known as e- gold , before it was suspended about a

Cryptosphere Courts Gold Bugs as Bitcoin Loses Some Luster . Some media executives say the amount they’ve received from Apple News+ so far has been less than expected. One publisher typically gets under ,000 a month, less revenue than it saw from Texture, a previous iteration of the service

(Bloomberg) -- The cryptocurrency world is seeing a surge in the issuance of gold-backed tokens, with some of the digital-asset industry’s biggest and most controversial participants joining in on the fresh gold rush.

The throng behind the Tether stablecoin and the Bitfinex trading platform plan to issue Tether Gold before Christmas. The token will be backed 100% by bullion reserves, according to Paolo Ardoino, who serves as chief technology officer for Bitfinex and Tether.

“Current macro-finance uncertainty brings the need of traditional instruments to hedge risk of our customers, especially in the crypto-industry,” the London-based Ardoino said in an email. “Gold has been, historically, an important asset for risk contingency.”

CME to start offering options on bitcoin futures early next year

  CME to start offering options on bitcoin futures early next year CME to start offering options on bitcoin futures early next yearCME launched bitcoin futures in December 2017 and has signed up 3,300 individual accounts and had 20 successful expiration settlements since then, the company said.

Tonight the Internet Party of New Zealand is hosting a major international event live online, featuring interviews with internet eminents including Internet Party founder Kim Dotcom, alleged hacktivist and Cryptosphere contributor Lauri Love, political refugee and new Internet Party head…

Bitcoin as it exists now is not democratic. I share the view held by some developers who note that the current condition of the ecosystem is unhealthy. But, if we fixate too much on block size increase and lose decentralization, it would likely be very difficult to bring it Follow The Cryptosphere on Twitter.

While Bitcoin has been touted as “digital gold” pretty much since its 2009 debut, more crypto participants are now emphasizing the hedging possibilities of the actual precious metal. Paxos debuted Paxos Gold in September, and CoinShares Group launched a gold token in October, bringing the number of gold-related tokens to more than 20.

a screenshot of a video game: Gold holds steady as Bitcoin swings wildly© Bloomberg Gold holds steady as Bitcoin swings wildly

“Gold tokens are appealing due to a confluence of events: Weakening real interest rates and weakening national currencies combined with increasing regulatory clarity around non-security tokens and the natural appeal of gold to investors,” said Danny Masters, chairman of London-based CoinShares.

One of main selling points for the crop of new gold digital coins is ease of trading, compared with owning actual gold bars, which need to be stored or held by custodians. Crypto alternatives will still provide custody services, but with the flexibility that comes with the decentralized-ledger system known as blockchain.

Bitcoin’s Monster Drop Has Indicators Warning of More Pain Ahead

  Bitcoin’s Monster Drop Has Indicators Warning of More Pain Ahead Many crypto investors are still struggling to explain the sudden plunge in digital assets this week. A look at technical indicators doesn’t paint a pretty picture going forward. While Bitcoin is holding above the $8,000 level, a breach below would test its 200-day moving average support, which sits around $7,000. In addition, the GTI Global Strength Indicator -- a measure of upward and downward movements of successive closing prices -- shows the coin hasn’t dipped yet into oversold territory, which could portend further declines.

The Cryptosphere aims to put into plain English the crazy, crazy, mixed-up world of hackers, hacktivism, cyberwar, cryptocurrency, leakers, spies, viruses, trojans, worms, and John McAfee, who is several of these things all by himself. We introduce and explain the personalities and issues of the

The Cryptosphere : eyeball the whole gang! Say hello to the best roundup of writers in the Following his book, We Meant Well: How I Helped Lose the Battle for the Hearts and Minds of the Maybe one day you’ll get to read some fiction she wrote. if you keep asking for it, maybe she’ll get to writing some .

Bitfinex is exploring new products as its trading volume slows, a trend seen across most crypto exchanges. Bitcoin, the industry bellwether, has traded in a fairly narrow range since June. Volume on some Bitfinex-listed coins has dropped as much as 10% since early summer, according to data researchers Coin Metrics and Bitcoinity.

“This could be a function of Binance’s launch of futures, the rise of newer exchanges like FTX and Deribit, or just wariness of regulators and their ongoing back and forth with the exchange,” said Nic Carter, co-founder of Coin Metrics.

In April, New York’s attorney general accused the private Hong Kong-based company behind Bitfinex and Tether of a coverup after losing about $850 million of client and corporate funds. The companies later said that Tether -- used widely by traders as a conduit for trading other coins -- is only 74% backed by cash and short-term securities, while they previously implied it was 100% backed by dollars. Tether reserves are not independently audited.

Bitcoin Bulls Take to Twitter for Reassurance After Crypto Crash

  Bitcoin Bulls Take to Twitter for Reassurance After Crypto Crash As Bitcoin prices took a plunge this week, crypto evangelists were quick to take to Twitter to soothe frayed nerves and expound on why the drop is nothing to be concerned about. The swiftness of the declines took many by surprise and dozens of tweets were quickly dispatched in support of the nascent and highly volatile market. There’s no reason to panic, they said. Buy now and see it go to $50,000, they said. The worst thing you can do is miss the next wave, they said.But this week’s price swings were not for the faint of heart. The average daily change for Bitcoin over the past week is more than 4.

At Cryptosphere Global HQ we managed to screw up the buttons on the new deluxe espresso maker and pour six shots of espresso instead of an Americano this… We went away for a whole week and then took some hardware-failure-induced time off from doing our news roundup, but we’re back and

Bitcoin has been losing its luster as the basis of a weird social movement and speculative tool as the financial grown-ups get hold of it and the conversation turns to transaction prices and capital controls. Bringing the gold bugs into the party creates at least some potential for fun.

Ardoino said British Virgin Islands-based Bitfinex’s volume declined, in part, because the exchange doesn’t have an internal market-making desk that trades against its own customers or generates fake orders as some rivals in the industry have been accused of doing. It also doesn’t offer special near-zero fees to select traders as many exchanges do, he said.

“Volume is a metric that can be subject to manipulation, so it is much more important to look at liquidity as the key metric that makes sense and that can’t be easily inflated,” Ardoino said.

Despite its legal controversies, Tether is still the most used stablecoin, with a $4.1 billion market capitalization that has continued to grow.

“It’s clear the market trusts Tether to offer USD-backed tokens, so it makes sense that Tether wants to offer gold-backed tokens,” said Tushar Jain, managing partner at crypto hedge fund Multicoin Capital in Austin, Texas.

Read More: ‘Magic Internet Money’ May Be Too Volatile to Attain Gold Status

Efforts to digitize gold have a long history. At one point millions of people bought an online currency known as e-gold, before it was suspended about a decade ago due to legal issues.

Bitcoin treads water around $8,000 after its worst week of the year

  Bitcoin treads water around $8,000 after its worst week of the year The price of bitcoin struggled to remain above the $8,000 level Sunday, following its worst weekly price loss of the year. Bitcoin (BTCUSD) was above $10,000 as recently as last Sunday, but has since fallen about 20%. As of Sunday night, bitcoin was around $8,020, according to CoinDesk.The leading cryptocurrency has fallen about 34% over the past three months. In June, bitcoin topped the $10,000 mark for the first time since early 2018.“Bitcoin’s recent price drop is a result of technical and fundamental factors,” Bitbull Capital CEO Joe DiPasquale wrote last week, according to Barron’s.

The Cryptosphere correspondent Douglas Lucas was the only journalist actually present at the Finally, in San Jose federal court Wednesday, nearly four years after their groundbreaking digital sit-in Pass out. But some recurring elements of the intoxicated conversation might have struck you as

Some witnesses said the car contained two people. As we write this, staffers at Westminster have been told by police that they are still searching for a second suspect, who may have made his way into the building. UPDATE: Police now confirm there was only one attacker.

“No one has had much success with non-USD stablecoins, or gold-backed crypto, so I don’t anticipate anything major happening here,” said Aaron Brown, an investor and a writer for Bloomberg Opinion.

The exact logistics of how Tether Gold will work are still unknown. Paxos, for instance, stores all its gold in Brink’s vaults, and everyone who owns its tokens owns the underlying physical gold, held in custody by Paxos Trust Company -- so it can be redeemed for actual gold bars.

Whatever it is, traders are already getting ready for it.

“I wouldn’t be surprised if there was significant customer interest,” said Sam Bankman-Fried, the Hong Kong-based chief executive officer of crypto trading firm Alameda Research. “A lot of crypto traders also have opinions on gold.”

To contact the reporter on this story: Olga Kharif in Portland at okharif@bloomberg.net

To contact the editors responsible for this story: Jeremy Herron at jherron8@bloomberg.net, Dave Liedtka, Brendan Walsh

For more articles like this, please visit us at bloomberg.com

©2019 Bloomberg L.P.

Russia’s Richest Man Starts Testing Sales of Crypto Metal Tokens .
MMC Norilsk Nickel PJSC, the biggest palladium and refined nickel producer, has started testing a platform for digital metal tokens that may eventually account for a fifth of its sales. require(["medianetNativeAdOnArticle"], function (medianetNativeAdOnArticle) { medianetNativeAdOnArticle.getMedianetNativeAds(true); }); Clients including Trafigura Group Ltd., Traxys SA and Umicore SA have been involved in the tests, Chief Executive Officer Vladimir Potanin said in an interview near Moscow.

—   Share news in the SOC. Networks
usr: 5
This is interesting!