Bullion Bitcoin to Launch Gold-Bitcoin Exchange
A new exchange for trading gold bullion and bitcoin is set to open on 21st February. The Bullion Bitcoin exchange, based in London, will allow sophisticated investors, as defined by the UK financial regulator, to trade gold bullion and bitcoin. The exchange will not be open to retail investors. Adam Cleary, Bullion Bitcoin's owner said: "It seemed to me we should create an exchange that's completely free of any fiat currency constraints. There are no fiat currency accounts - it's directly gold for bitcoin." Access to the exchange will be restricted to sophisticated investors, high....
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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....
On the tiny and semi-independent island of Guernsey there is a new type of bitcoin exchange, one that trades 'digital gold' for the real thing. Around 60,000 people live there, around 70 miles off the south coast of England. Although closely linked to the United Kingdom, its direct relationship with the Crown, instead of the government, means that it is virtually autonomous, particularly with regards to financial issues and tax. The island is home to Bullion Bitcoin, a unique exchange that trades bitcoin for physical gold. Launched earlier this year, the company says it wants to aid the....
JM Bullion is a US online retailer of gold and silver products that accepts Bitcoin. JM Bullion is located in Dallas, Texas, and deals exclusively in physical bullion, selling precious metals that will be sent directly to you. JM Bullion is a US online retailer of gold and silver products that accepts Bitcoin. JM Bullion is located in Dallas, Texas, and deals exclusively in physical bullion, selling precious metals that will be sent directly to you. Besides selling the precious metals, JM Bullion also makes sure that buyers receive their gold or silver at their door. The company is a fully....
Long before the existence of virtual currencies backed by the complexity of cryptography, there were a multitude of virtual currencies, most of which backed by the value of gold bullion. Before Bitcoin appeared on the scene, the industry was plagued by all manner of drama, from murder to cases of widespread use of funds for terrorism, child pornography, and other forms of criminality. Murder of e-Bullion co-founder. e-Bullion was an Internet-based digital gold currency founded by payza inc of Moorpark, California, as part of their Goldfinger Coin & Bullion group of companies. The....
Is owning digitized gold a better option than physical gold? Comtech Gold tokenizes the metal making it more liquid and secure. The take-off of digital gold has the potential to disrupt the industry to an unprecedented degree. Historically, gold has been used as a global currency as a hedge against inflation. It has also been serving as an investment venue (commodities), often preferred over other asset classes like equities or foreign exchange, particularly in conventional markets. However, there are certain disadvantages to owning physical gold, such as inconvenience in transport and....