First Bitcoin Exchange to Accept Gold

Users of Vaultoro are now able to purchase physical gold with Bitcoin and 35+ altcoins, including Dogecoin, Litecoin, Namecoin, Monero and others. The bitcoin gold exchange integrated the ShapeShift API on June 3. Vaultoro’s integration of ShapeShift and the “alt-coin” deposit function makes Vaultoro the world’s first gold exchange to accept both bitcoin and altcoins. “We were wanting to offer multiple altcoin payment options to customers and ShapeShift.io was the perfect answer. Their API is elegant and was so simple to incorporate into our platform.”

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 Winklevoss Twins have described Bitcoin as better than gold because it experiences ‘a lot less volatility’ and is a better store of value at the moment. They cited a Wall Street Journal story in May which described how the virtual currency has been more stable than gold over the last 28 days. Tyler Winklevoss said: “So I think investors who have gold in their portfolio and other precious metals have started to look to Bitcoin as a better store of value. It’s got better characteristics than gold itself. So it’s actually better at being gold than gold. We are seeing investors recognise....

Chicago's largest secondary ticket broker, Gold Coast Tickets, has announced they're now accommodating bitcoin payments from customers who wish to use the digital currency to pay for tickets to sports events, concerts, theatres, and more. The almost twenty-year-old company claims to be the first ticket broker in the world to accept bitcoin in a partnership with San Francisco-based Coinbase - one of the largest digital currency payments processor. "We were one of the first ticket resellers to use ecommerce seriously and we are always looking to be a leader in the ticket selling community,"....

15 months ago the price of one ounce of fine gold was $1,790 per ounce and since then, it has increased in value 3.51% to today’s $1,853 per ounce exchange rate. While gold has risen in value, the top two tokenized gold coins have grown significantly since then. Pax gold (PAXG), for instance, has seen its market capitalization grow 407% since February 26, 2021, and Tether’s XAUT market valuation swelled by 248% since that day. Presently, PAXG’s and XAUT’s market capitalizations combined equate to just over $1 billion in value. Pax Gold Today,....