Analytics Service Aims to Be 'Gold Standard' of Bitcoin Data
A new service is launching its invite-only beta this week with the promise of delivering the "gold standard" for bitcoin data. Challenger Deep is a platform aiming to make the bitcoin ecosystem easy to navigate for non-technical users, including investors, traders and consumers. Entrepreneur and ad-tech veteran Pascal Gauthier, who is self-funding Challenger Deep with around $2m, said he saw a gap in the market for a one-stop service: "You could find some data on the blockchain, on miners, on exchanges, but all separately. Nowhere could you find a comprehensive source for bitcoin data with....
Related News
Bitcoin is not a gold standard as it is independent, without the intervention of any central bank or government agency. There has been a lot of comparison between bitcoin and gold in the recent times. Bitcoin has been compared to gold in many aspects. In fact, bitcoin is also called digital gold for a reason due to various similarities it shares with the yellow material. However, referring to bitcoin as a gold standard may not be relevant. The gold standard is a reference to the monetary system that was based on the value of gold. While most countries stopped following the gold standard....
The "Gold Standard" was so far applicable only to fiat currencies. It means, that the currency in circulation in a country is backed by its equivalent worth in gold. Gold was chosen as a standard because it is universally accepted as a standard, and it still continues to be so. Recent days have seen the world gradually deviating from fiat currency to digital currency. Bitcoin and other altcoins are on the rise. Bitcoin is not backed by gold, and its value is decided by demand, supply and the number of transactions happening over the network. Thus making it more volatile compared to the....
I'm not going to shock anyone by saying we're all living in the age of big data. Data analytics and data-driven decision-making is the gold standard in an ever-expanding range of domains. From running organizations to deciding on medical treatment to even dictating athletic training routines, data is established as central to more and more aspects of life. With the hope I haven't bored you too much by restating what most of us take for granted, I'd like to ask a naïve question – How do we know we can actually rely on all of this data? To clarify, I’m not at all questioning the use of data....
50 years ago yesterday, on August 15, 1971, United States President Richard Nixon changed the world with a monetary policy that also led to the creation of Bitcoin. It seems like a stretch, but it all began with the depegging of the dollar from the gold standard. Losing its peg to gold has led the […]
How would a bitcoin standard fare for a monetary system? An analysis by the Bank of Canada examined that scenario, conjecturing how a bitcoin standard would perform based on the performance of a gold standard that existed from 1880 to 1913. The gold standard was a monetary system in which nations’ currencies were tied to gold. The 37-page paper [PDF] is written by Warren E. Weber, research consultant at the Bank of Canada, visiting scholar for the Federal Reserve Bank of Atlanta, and adjunct professor at the University of South Carolina. The paper claims that because....