Gold

Bitcoin Suisse: Users Can Now Trade Gold Against Bitcoin and Ethereum

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Swiss crypto financial firm Bitcoin Suisse has added gold, silver, and platinum to its platform, allowing users to trade the precious metals against both bitcoin (BTC) and ether (ETH), as well as five other major fiat currencies. The precious metal trades are available for 24/7 trading with immediate cash settlement, the company announced on May …

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Carl Menger: The Nature and Origin of Money

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In the early stages of trade, when economizing individuals are only slowly awakening to knowledge of the economic gains that can be derived from exploitation of existing exchange opportunities, their attention is, in keeping with the simplicity of all cultural beginnings, directed only to the most obvious of these opportunities. **The following essay was written …

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Don’t Buy Bitcoin, Says Wealth Exec as Lebanon Chooses BTC Over Fiat

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Bitcoin (BTC) is not what young investors should buy after the coronavirus crash, says the man who once said that the biggest cryptocurrency faces an “inevitable death spiral.” Speaking to CNBC on May 21, Peter Mallouk, president and chief investment officer at wealth management firm Creative Planning, claimed that stocks and bonds were better options …

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Market Wrap: Traders ‘Buy the Dip’ as Bitcoin Hovers at $9,000

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Bitcoin fell for a second day, extending a downdraft triggered by Wednesday’s revelation that a member of the cryptocurrency community from the blockchain’s earliest days in 2009 had moved a long-dormant cache of coins.  As of 20:30 UTC (4:30 p.m. ET), bitcoin (BTC) was trading at $9,044, a loss of 5.6% over 24 hours.  Bitcoin …

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Market Wrap: Bitcoin Rebounds to $9,500 After Scary Sell-Off

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Bitcoin suffered a quick sell-off on Wednesday after a previously dormant address moved some of the earliest-mined coins for the first time. While bitcoin’s price has recovered a bit, downward selling pressure remains and could have an impact on stakeholders, especially in the derivatives and mining sectors. As of 20:00 UTC (4 p.m. ET), bitcoin …

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How Investors Are Presented With Bitcoin: ‘A New Decentralized Monetary Asset, Akin to Gold’

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Bitcoin (BTC) is a compelling investment case “for patient, long-term investors” willing to spend the time to understand the top cryptocurrency, a new paper by Paradigm co-founder managing partner Matt Huang notes. The crypto entrepreneur places BTC besides gold, as a go-to store of value, amid unprecedented stimulus spending by governments during the Covid-19 crisis. …

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Market Wrap: Bitcoin Dips as Stock Markets Close Lower on the Week

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Bitcoin’s steady price gains over the past few days ended Friday. With the halving in the rearview mirror, cryptocurrency traders could consider the impact of a continued global economic slowdown after new data showed retail sales dropped to record lows and unemployment numbers continue to worsen. The world’s first cryptocurrency is trading below its 10-day …

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Market Wrap: Some Miners Face an Uncertain Future Despite Rising Bitcoin Price

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Despite a post-halving rise in bitcoin’s price Wednesday, the current value may not be enough to keep less-efficient miners operating, and that could shift market dynamics.  At press time, bitcoin (BTC) was trading up 2.3% over 24 hours at $9,106. The world’s first cryptocurrency is trading above its 10-day and 50-day moving averages, which is …

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Market Wrap: Bitcoin’s Price Is Rising Despite a Dull Halving

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Bitcoin’s price is starting to make gains after what turned out to be a rather dull halving event. With daily active bitcoin addresses at the highest level since 2018, interest in bitcoin could be heading even higher. The world’s first cryptocurrency is now trading above its 10-day and 50-day moving averages, a bullish technical indicator. …

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