Recent News

Buffett Buys Gold Not Stocks!

REUTERS FRI AUG 14, 2020 / 4:35 PM EDT Berkshire reduces Wells Fargo, JPMorgan, Goldman stakes; adds Barrick Gold   (Reuters) – Warren Buffett’s Berkshire Hathaway Inc said on Friday it has reduced its investments in some of the largest U.S. banks, lowering its stakes in Wells Fargo & Co and JPMorgan Chase & Co and eliminating a stake in Goldman Sachs Group Inc In a regulatory filing detailing its U.S.-listed investments as of March 31, Berkshire also disclosed a new 20.9 million share investment in Toronto-based Barrick Gold Corp,…

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Gold to Stay Above $2,000

FX Empire Gold Prices Expected to Stay Above $2,000, on Growing Global Geopolitical Uncertainty Adesina Olumide August 9, 2020, 12:09 AM The precious metal prices, however, remained above $2,000 a critical support level, showing the pullback in prices recorded recently might be for the short term. Gold traders are still relatively bullish on growing global geopolitical uncertainty on what will follow in the months ahead. President Trump is likely to increase more pressure on the Chinese ahead of the US Presidential election scheduled to hold in November. China presently has…

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Investors Move 10% of Their Gold From Hong Kong Amid Financial Censorship Fears

Hong Kong investors are moving their gold offshore as China’s new national security law prompts fears of financial censorship. Some 10% of private holdings have been moved to safer jurisdictions such as Singapore and Switzerland since the beginning of protests in Hong Kong last year. In a recent interview, Joshua Rotbart, head of Hong Kong-based gold dealer and storage provider J Rotbart & Co, said the new legislation has revived the bullion flight. “Many clients now perceive Hong Kong as riskier than other jurisdictions,” Rotbart said. The development comes as…

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Nasdaq-Listed Company Sued for Backing $2 Billion Loans With 83 Tons of Fake Gold

The Nasdaq-listed company that allegedly used 83 tons of fake gold bars as collateral to secure loans worth about $2 billion from multiple financial institutions in China is now in default and facing several class-action lawsuits. $2 Billion Fake Gold Scheme Unravels The gold industry was recently shaken when it was discovered that a U.S. publicly-traded company was allegedly using 83 tons of fake gold bars to secure loans worth $2 billion in China. Kingold Jewelry Inc. is based in Wuhan, China, but it is listed on Nasdaq in the…

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Germany Begins Closing Down All Bitcoin Unlicensed ATMs

Germany’s Federal Financial Supervisory Authority (BaFin), the country’s top financial regulator responsible for regulating crypto service providers, has begun actively closing down unauthorized bitcoin ATMs, a BaFin spokesperson has confirmed to news.Bitcoin.com. All Unauthorized Bitcoin ATMs to Shut Down German financial regulator BaFin has begun actively closing down all unlicensed bitcoin ATMs in the country. This followed Germany’s new regulation that went into effect in January, requiring crypto service providers to obtain authorization from BaFin. A spokesperson for BaFin told news.Bitcoin.com: Currently, BaFin is taking action to shut down all…

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Goldman Sachs Cryptocurrency: Possible Collaboration With JPMorgan and Facebook

Goldman Sachs is considering creating its own cryptocurrency. Having recently appointed a new head of digital assets, the company indicated a possible collaboration with other companies, including JPMorgan and Facebook. JPMorgan has created the JPM coin and Facebook has proposed the Libra cryptocurrency project. Goldman Sachs’ Cryptocurrency Plan Global investment bank Goldman Sachs has recently appointed a new head of digital assets, Mathew McDermott, a managing director who ran the investment bank’s internal funding operations. He has now revealed that Goldman is exploring creating its own cryptocurrency, CNBC reported on…

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Square’s Cash App Bitcoin Revenue Surges 600% to $875 Million in Q2, Profit Up 711%

Square Inc. has reported a significant bitcoin revenue increase in the second quarter. Its Cash App generated $875 million in revenue, a 600% increase from the previous year. In addition, Square’s bitcoin gross profit jumped 711%. Square Cash App’s Bitcoin Revenue Square released its performance report for Q2 2020 on Tuesday. The company’s net revenue, including bitcoin revenue, was $1.92 billion, an increase of 64% year over year. Its gross profit, including from its bitcoin business, rose 28% year over year to $597 million. Cash App, Square’s popular payment service,…

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Donald Trump Acknowledges Bitcoin’s Popularity — Says BTC Has Taken on ‘a Life of Its Own’ and ‘I Can Live With It’

U.S. presidential candidate and former President Donald Trump has acknowledged the growing popularity of bitcoin, stating that “a lot of people are doing it” and the crypto has taken on “a life of its own.” Trump further shared: “More and more I’m seeing people wanting to pay bitcoin and you’re seeing something that’s interesting so […]

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Satoshi Nakamoto to Martti Malmi: The Correspondence That Shaped Bitcoin’s Early Days

In a series of insightful emails between Martti Malmi and Satoshi Nakamoto, the foundational discussions shaping the early development of Bitcoin are revealed. These exchanges offer a rare glimpse into the critical thinking and technical challenges overcome in the cryptocurrency’s infancy. Blueprints of a Digital Revolution: Nakamoto’s Conversations With Sirius The dialogue initiated in May […]

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Bitcoin Miners Face Adapt or Perish Scenario as Halving Approaches in Under 60 Days

Data indicates that we’re 96% through the journey to the next Bitcoin halving event, with under two months remaining until the reward for mining a block is reduced from 6.25 to 3.125 bitcoins. Although it’s still premature to pinpoint the precise date—given the average ten-minute interval between blocks—the event is anticipated to take place in […]

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$30 billion RIA Platform Carson Group Approves To Offer Spot Bitcoin ETFs To Clients

Carson Group, a significant $30 billion registered investment adviser (RIA) platform, has recently announced its approval to offer four spot Bitcoin exchange-traded funds (ETFs) to its clients, according to a Bloomberg report. Out of the recent batch of US-listed spot Bitcoin ETFs, Carson Group has greenlit BlackRock’s iShares Bitcoin Trust, Fidelity Wise Origin Bitcoin Fund, Bitwise Bitcoin ETF, and the Franklin Bitcoin ETF. JUST IN – $30 billion RIA platform Carson Group has approved to offer these four spot #Bitcoin ETFs to their clients: – BlackRock– Franklin– Bitwise– Fidelity — Bitcoin…

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Read Adam Back’s Complete Emails with Bitcoin Creator Satoshi Nakamoto

The full email correspondence between Hashcash inventor Adam Back and Bitcoin creator Satoshi Nakamoto is now public after being entered into the official court records in the U.K. this week.  Detailed in the five emails below is the complete conversation between Nakamoto and Back, who was cited in the seminal Bitcoin white paper. In the emails, the two cryptography heavyweights can be seen for the first time discussing the work.  Though Back has previously spoken publicly about the emails, hinting at the details of the conversation, and in particular how…

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RIOT PLATFORMS AND TEXAS BITCOIN COUNCIL SEEK INJUCTION AGAINST EIA SURVEY

Today at 11:30a in Waco, Texas, the Texas Blockchain Council and Riot Platforms, Inc., asked a Federal District Judge Alan Albright for a temporary restraining order blocking the Energy Information Administration from enforcing their “emergency” survey. At that hearing, the attorneys for the Government offered a voluntary declaration by EIA Administrator DeCarolis, offering a four-week pause on enforcement and collection. Judge Albright, recognizing that the Government’s offer here was little more than an empty promise without some sort of enforcement mechanism, directed the Government to work with the Plaintiffs to…

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Newly Revealed Satoshi Email Correspondence with Martti Malmi

Satoshi Nakamoto’s earliest collaborator Martii ‘Sirius’ Malmi has released their entire email history. At 120 pages, its the most significant addition to the archives of #Bitcoin‘s unknown inventor. Here are the most important new findings: When asked how #Bitcoin might scale in the future, Satoshi theorized the network would have a maximum of 100,000 nodes. Here he goes into the calculations assessing the economics of bandwidth costs to nodes (read: miners) in propagating transactions across the network, as well as the economic cost that would incur and how that could…

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New Freelance Marketplace Launches Where Users Get Paid In Bitcoin

A new development in the freelance industry has emerged with the launch of Plebwork, a dedicated marketplace where freelancers can earn Bitcoin for their work, according to a press release sent to Bitcoin Magazine. Launched today, Plebwork offers a unique platform for freelancers to connect with Bitcoin companies and receive payment directly into their Bitcoin wallets. It’s 2024 and it’s time to earn #bitcoin for your work. pic.twitter.com/hLci3NBtBt — Plebwork (@plebwork) February 23, 2024 Unlike traditional freelance platforms, Plebwork caters specifically to the Bitcoin community, providing a space where freelancers with…

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