Former Manchester United and Real Madrid striker Michael Owen is launching a cryptocurrency in his own name, joining other famous sportsmen including Manny Pacquiao in a new venture to connect with fans. The retired England star announced Wednesday his investment in the Singapore-based Global Crypto Offering Exchange (GCOX) as he unveiled the “Owen Coin”. The celebrity… Read more
Report: Twitter to Ban Many Cryptocurrency Ads. Cryptocurrency Ads Twitter will ban advertisements for several kinds of cryptocurrency products and projects. The policy, according to Sky News, would go into effect in two weeks and would block ads for initial coin offerings, Charts by Gurufocus.com Cryptocurrency Ads token sales, and cryptocurrency wallets. It could also encompass… Read more
For the first time, cryptomining has been banned by a city in the United States. The process of earning cryptocurrency will no longer be allowed in the city of Plattsburgh, New York, city officials announced this month. The ban isn’t permanent, but it will prevent any commercial cryptocurrency mining efforts within the city limits for 18… Read more
Twitter may soon follow in the footsteps of other large technology companies by placing a ban on advertisements for cryptocurrencies and related products and services, according to a report from Sky News. The new restrictions are reportedly set to go into effect in the next two weeks and will severely limit the ability of cryptocurrency-related companies… Read more
Are Asset Backed Cryptos The Future?
Most digital currencies do not have any physical, asset backing.
World’s most popular cryptocurrency
Bitcoin is the world’s leading and most popular cryptocurrency. It has had a volatile career ever since the middle of December 2017 when it reached a height of $19,850.
Since then it has had big drops in price and then recoveries. Currently, the price of Bitcoin is just over US $8000. It gained more than $1000 in the space of an hour.
But cryptos like Bitcoin have no asset backing. Their value is based on market sentiment.
While the trend for cryptocurrencies in 2018 is favourable they are perhaps in a slow period just at present.
While most cryptocurrencies require a very minimal investment a cryptocurrency asset backed by gold is bought at the current price of gold.
Unlike other cryptocurrencies, a cryptocurrency backed by gold will never fall below the current gold price.
However, if a gold-backed cryptocurrency becomes popular, its price will become greater than the value of gold. It’s like the coin has a built-in stop-loss.
Crypto-Gold Coin is a gold-backed cryptocurrency.
Every coin represents a finite quantity of actual physical gold – gold being the ultimate asset.
Crypto-Gold Coins represent a finite quality of actual gold. They are more solid and safer than bother cryptocurrencies.
Benefits of Crypto-Gold Coin
1. Gold has genuine intrinsic value linked to the price of gold
2. There is a security and first mortgage over this gold that is held in trust for all Crypto-Gold Coin owners
3. Crypto-Gold Coin has all the technology of Bitcoin with the 3rd generation blockchain technology
4. Redeem the Crypto-Gold Coin in 2022 for gold or cash
5. Inexpensive to have Crypto-Gold Coin because of no account, holding or storage fees
6. The principle of Scarcity – only 10,000,000 Coins – makes the Crypto-Gold Coin more precious
7. Earn affiliate commissions
8. Robust privacy protections
9. SAVING – 5 FREE coins for every 100 coins purchased TODAY – giving an immediate 5% FREE gain
Given that Crypto-Gold Coin is asset backed at least you can be sure that the price of the gold-backed coin will not fall below the value of gold.
We Have The Gold
Why Should You Trade in Cryptocurrency? By Shalini Madhav Trade in Cryptocurrency The modern concept of cryptocurrency is becoming very popular among traders. A revolutionary concept introduced to the world by Satoshi Nakamoto as a side product became a hit. Decoding Cryptocurrency we understand crypto is something hidden and currency is a medium of exchange. It… Read more
Cryptocurrency has not failed to attract investors with its tremendous and absurd increase in their stock value. According to a recent survey in South Korea, people in their mid-20s are most interested in trading in cryptocurrency than the rest of age groups. Korea Financial Investors Protection Foundation [KFIPF] surveyed 2,530 people between the age group of… Read more
Zebpay Becomes the Most Popular Cryptocurrency Exchange in India; Captures the Market With More Than 3 Million Downloads
Zebpay Becomes the Most Popular Cryptocurrency Exchange in India; Captures the Market With More Than 3 Million Downloads SAN FRANCISCO, March 29, 2018 /PRNewswire/ – Investorsbuz & eToro World class Social traders Bitcoin mania peaked globally late last year with the world’s most famous cryptocurrency touching an astonishing $20,000 in price. Other cryptocurrencies too witnessed multiple… Read more
Japan punishes seven crypto exchanges crypto exchanges Bitcoin has extended its fall below $10,000 amid fears of a regulatory clampdown in Japan and the U.S., the world’s most active markets for digital assets. crypto exchanges Japan’s Financial Services Agency punished seven cryptocurrency exchanges, ordering two of them to suspend business, just hours after a warning from… Read more
The Five Laws of Gold By Ian Paul Jones Five Laws of Gold We live in an impatient age, and when it comes to money we want more of it now, today, not tomorrow. Whether it’s a deposit for a mortgage or clearing those credit cards that sap our energy long after we stopped enjoying what… Read more