Breaking News: GoldMoney Group is adding Bitcoin to its commodity vault
GoldMoney Group that is one of the leading precious metals storage firms in United Kingdom is including Bitcoin to its commodity vault. They hold more than 1.4 billion USD worth of precious metals for their customers, and are now creating a new venture specialized in cold storage of Bitcoin. The managing director of GoldMoney Group said this about their cold storage feature: It's one of the safest ways of storing Bitcoin. We encrypt it several times before storing it on devices and store copies in several different locations in the UK. Their new venture is called Netagio and had a soft....
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Mondays tend to be the days when Bitcoin gets pumped after a quiet weekend. This is not the case today despite all the good news that have come out (e.g. GoldMoney Group adding Bitcoin in their Commodity Vault). It seems like there is a very tense vibe in the Bitcoin community, and as Gordon Geeko showed yesterday in his video analysis he does not know which way we are going (same here). At this point, it can go both ways. On 11th January aired a Chinese documentary that bashed Bitcoin where they had chopped up interviews with Bitcoin experts to show a misrepresented interview. You can....
Bitgold Review. This Bitgold review discusses how the gold payment startup BitGold acquired the operations and intellectual property of the leading consumer gold storage company GoldMoney.com. The acquisition of the company will be in exchange for 1,169,794 common shares in BitGold, a public company trading on the Toronto Stock Exchange. GoldMoney, since its founding in 2001, has amassed 20,000 customers, 135,000 user sign ups and manages more than $1 billion in assets. In a BitGold press release, the startup said the acquisition will lower its operating cost and give them a ready-made....
Goldmoney, the gold-based savings and payments network, has launched a new platform which allows users to purchase gold held in the Royal Canadian Mint’s vault with the transaction recorded on a private Blockchain. Buyers pay a fee of 0.5% and as an added bonus enjoy free storage for up to 1,000 grams of the precious metal. Josh Crumb, co-founder and chief strategy officer of Goldmoney explains: “We were fairly early Blockchain enthusiasts and we have always been very interested in the principles of Blockchain technology. So what we did was build a platform covering what the gold industry....
The GoldMoney Group - which holds $1.4 billion in precious metals for its customers securely - has announced that they have started up a new business called Netagio that will allow consumers to securely store bitcoins in cold storage. "It's one of the safest ways of storing Bitcoin. We encrypt it several times before storing it on devices and store copies in several different locations in the UK," said Netagio managing director Simon Hamblin. The company already has a few customers signed up, and Hamblin predicts there will be high demand for Netagio's services moving forward. "We're part....
By now, we are all aware of the financial calamity that has befallen Cyprus in the past three weeks. Since the deposit haircut was first announced and banks were shut down, many have lost their jobs as businesses suddenly find themselves without the means to pay anyone, others have seen their plans for retirement ruined, the economy has largely reverted to cash, and the banking sector, one of the two key pillars of Cyprus' economy together with tourism, will never be the same again. We at Bitcoin Magazine and the team behind GoldMoney GoldMoney, however, have decided to actually go to....