gold

Cardano ($ADA) Powered DeFi Platform to Launch a Gold-Backed Stablecoin

A partnership between decentralized finance (DeFi) platform MELD and Tingo Network, Nigeria’s largest mobile network, is going to lead to the launch of a new gold-backed stablecoin on top of the Cardano network. According to City A.M., during its crypto summit chairman Ken Olling announced the partnership, which will also include Ubuntu Tribe, an ethical […]

On-Chain Analyst Willy Woo: ‘Bitcoin Is Decentralised Gold’

On Thursday (July 15), prominent on-chain analyst Willy Woo made some comments that suggested he believes that those people who try to praise Bitcoin by calling it “digital gold” are doing the flagship cryptocurrency a disservice. Woo thinks that Bitcoin is not a much better store of value of gold because it is like a […]

Bloomberg Senior Commodity Strategist: Bitcoin and Gold ‘Set To Shine’ in H2 2021

The recently-released June 2021 edition of Bloomberg research report “Bloomberg Commodity Outlook”, which was written by Mike McGlone, a Senior Commodity Strategist at Bloomberg Intelligence (Bloomberg’s research arm on the Bloomberg Terminal”), is quite bullish on the outlook for both gold and Bitcoin in H2 2021. Here are some highlights from this report: The “mainstream migration trend” seems strong as evidenced by the […]

Bitcoin Update: Hash Rate, Mining Difficulty, Accumulation Addresses, $BTC vs Gold

This article looks at what analysts and influencers are currently (as of June 28) saying about Bitcoin’s hash rate, mining difficulty, BTC accumulation addresses, and the Bitcoin vs gold debate. On June 26, crypto analyst Lex Moskovski, CIO at Moskovski Capital, used Glassnode data to show that the number of unique accumulation address (or effectively […]

Shark Tank’s Kevin O’Leary: Bitcoin Mining Becoming More Environmentally Friendly

Canadian businessman Kevin O’Leary (aka “Mr. Wonderful” on ABC TV series “Shark Tank“) recently compared gold mining and Bitcoin mining, and said that the latter is showing signs of becoming more environmentally sustainable. On April 20, during an interview with with Daniela Cambone, Editor-at-Large and Anchor at Stansberry Research, O’Leary criticized gold mining: “There is no clean gold, you know. There’s just […]

Mike Novogratz: ‘Inevitable’ for Bitcoin To Have a Higher Market Cap Than Gold

On Wednesday (March 31), Billionaire investor Mike Novogratz shared his latest thoughts on Bitcoin. Former hedge fund manager Novogratz is the Founder and CEO of Galaxy Digital, “a diversified financial services and investment management innovator in the digital asset, cryptocurrency, and blockchain technology sector.” His comments about Bitcoin during an interview on CNBC’s “Squawk Box” at a time […]

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