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October 10, 2019

Crypto goes full circle with “government gold-backed stablecoin” – Decrypt

Bitcoin began as an alternative to gold and state-backed money. Now a company plans to issue a government-guaranteed gold-backed stablecoin.

A crypto startup is launching a token backed by government-guaranteed gold reserves, proposing it—perhaps somewhat ironically—as an alternative to volatile dollar-backed alternatives. 

The Australia-based InfiniGold is launching the “Perth Mint Gold Token,” a crypto token backed by digitized certificates representing gold held in a “network of central bank grade vaults.” Those vaults are operated by Perth Mint, a gold refiner “guaranteed” by the government of Western Australia. Each token [...]

 
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September 18, 2019

US FDA to Hold Meeting on Blockchain and AI in Food Traceability

The United States Food and Drug Administration (FDA) will hold a public meeting at which it will discuss its “New Era of Smarter Food Safety” initiative.

Per a Sept. 17 announcement, the FDA set up a meeting with a group of international stakeholders on October 21, 2019, to discuss public health challenges and the implementation of the Food Safety Modernization Act. Specifically, the FDA intends to establish “a more digital, traceable, and safer system” to protect consumers from contaminated food.

Efficient tracking of contaminated food

The initiative proposes to deploy technologies such as blockchain, artificial intelligence, [...]

 
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September 16, 2019

How Crypto Became a Gambler’s Paradise – Bitcoin News

Comparing cryptocurrency trading to gambling is like comparing crypto tribalism to religion: the analogy is correct, but it’s also tired. What bears emphasizing, then, isn’t that crypto trading and crypto gambling are often indistinguishable, but the extent to which the two disciplines permeate the cryptosphere. From the most popular dapps to the leading hacks, everything of interest within the space can be interpreted as a form of gambling. It’s the reason why crypto is so fascinating and so addictive.

The gamification of everything is the endgame of life itself. Soon it will be impossible to go for a jog without receiving a high score or being showered in shitcoins for [...]

 
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September 12, 2019

Why many people are investing in Bitcoin

Many people are backing Bitcoin because it offers bigger returns than any other asset. It has a lower risk of inflation and its adoption rate is also growing worldwide. Bitcoin is very handy, coming with lucrative uses while providing easy access to investors. The cryptocurrency also maintains a high level of privacy and is still gaining positive reactions from the public.

Indeed, the world of currency is evolving. Technological innovations have brought a great new way of making payments without the need for using real money or negotiating with the bank. This is the reason why Bitcoin has been introduced in the financial community.

Although it’s not undoubtedly [...]

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Bitcoin ETF-like product just hit the market—here’s how it works
 
 
 
 

 

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