Global Precious Metals Retailer Kitco to Issue Gold-Backed Stablecoin
Kitco Gold will be backed by physical gold stored in vaults and track the real-time market value of the yellow metal.
Bitcoin News Roundup for Aug. 3, 2021
With crypto markets trading in the red and a look at how some token economies work, CoinDesk’s Markets Daily is back with the latest news roundup.
Crypto Market Cap Loses $100B as Bitcoin Drops Over $4K in 2 Days (Market Watch)
The cryptocurrency market cap is down by $100 billion in two days as bitcoin dropped to a weekly low of $38,000.
Bitcoin Drops Significantly As The Bullish Rally Gradually Ends
Bitcoin recently lost 5% of its recent price. Many experts speculate that this drop might be due to the U.S. infrastructure bill.
More like ‘shock-to-flow’ — BTC price hits bull trigger as mystery buyers scoops up supply
Someone is buying “a lot” of Bitcoin this week as stock-to-flow deflection reaches a level which traditionally sparks a serious price surge.
Why You Shouldn’t Apply Tulip Mania Lessons to Ethereum
While it’s tempting to assume that you can profit from Ethereum based on anticipating human nature, the truth may be startling.
Russian court orders Sber to unblock account used for Bitcoin trading
According to the court, Sber had no reason to keep the account service blocked after the client provided detailed information about his Bitcoin trades.
Bullish Flows Push Bitcoin’s Put-Call Ratio to 2021 Low
Put-call open interest ratio measures the number of open positions in put options relative to calls.
Bitcoin Is at February 2021 Level, Optimistic, Crypto Analyst Says
Prominent analyst and trader is optimistic about the current Bitcoin stance, explains why it is a “much healthier recovery”
Ethereum 2.0 Will Be Released in Upcoming Days: What You Need to Know Before Using It
EIP-1559 is about to take place on the network. But what does the update mean for miners and general users?
