Markets

'Gold Is Superior to Bitcoin,' Say People Who Sell Gold

The founder of GoldMoney.com is upset that Grayscale compared gold unfavorably to cryptocurrencies.

Gold breaks $3,000 an ounce (shutterstock)

Markets

Russian Central Bank to Consider Gold-Backed Cryptocurrency

The Bank of Russia will consider the use of a gold-backed cryptocurrency to facilitate international settlements, according to its governor.

Elvira Nabiullina, governor of the Bank of Russia.

Markets

Bitcoin-Gold Price Correlation Shows Widest Spread in Over a Year

Correlation isn't causation, but it looks like gold's fall is driving bitcoin prices up.

holger-link-1157610-unsplash

Markets

Cryptos 'Not a Substitute' for the Precious Metal, Says World Gold Council

Cryptocurrencies can't match gold on stability and volume, and are not a direct competitor, says the World Gold Council.

gold, bitcoin

Markets

Gold Price May Offer Clues About Next Big Bitcoin Move

Bitcoin traders could get cues from an apparent negative correlation that has developed between bitcoin and gold prices.

bitcoin, gold

Markets

Swiss Crypto Startup Eidoo Announces Token Tied to the Price of Gold

Eidoo, the multicurrency crypto wallet and decentralized exchange, has announced a new token that's redeemable for actual gold.

Gold pan

Markets

Tradewind Launches Blockchain Platform for Gold Trading

Precious metals trading startup Tradewind announced its first blockchain project, a system meant to help trade gold, on Monday.

Gold bar, bullion

Markets

Peter Thiel: Bitcoin Will Be the 'One Online Equivalent to Gold'

The co-founder of PayPal says there will be only one online equivalent to gold, and bitcoin, as the 'biggest' cryptocurrency, will triumph.

Peter_Thiel_by_Dan_Taylor

Markets

What's Wrong With John Oliver's Bitcoin-Beanie Baby Comparison

Comedian John Oliver rightly warned his audience about the risks of cryptocurrency, but his comparisons to Beanie Babies and gambling missed the mark.

Oliver

Markets

Austria Planning New Regulations for Cryptocurrency, ICOs

Austria is drawing up cryptocurrency regulations, using as a model existing rules for the trading of gold and derivatives.

austria