Is the Blockchain Rush a Search for Fool’s Gold?
Over the past two years, there has been a fanatical rush towards the blockchain concept from legacy financial institutions and global corporations. The behavior towards this technology right now is similar to the Californian Gold Rush in the mid-1800s. With many individuals and groups flocking to distributed ledger solutions, the ones who strike gold....
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Gold Rush with Jonny Cash dishes out a massive win of 2.6 BTC!
Massive Win on Casino Slot
Jackpot wins on our crypto casino Bitcoin.com Games have become a regular phenomenon with players winning insane amounts of BTC every month. Just yesterday, a lucky player’s mining adventures on the smashing slot game Gold Rush with Johnny Cash took an extremely fortuitous turn. One of the bets that they had made on the slot was destined to land them a massive win of 2.6 BTC.
Gold Rush with Johnny Cash
Gold Rush with Johnny Cash is a western-themed slot from the....
While crypto has been mostly weathered past hacks, scams, and crashes, acting OCC head Michael Hsu warns the risks may be multiplying as the technology goes mainstream. Acting head of the U.S. Office of the Comptroller of the Currency (OCC) Michael Hsu has warned that the exotic financial products developed in some quarters of crypto and DeFi were reminiscent of those that precipitated the 2008 Global Financial Crisis (GFC).Speaking before the Blockchain Association on Sept. 21, Hsu warned that “innovation for innovation’s sake [...] risks creating a mountain of fool’s good,” drawing....
On Monday, the U.S. bank Wells Fargo’s wholly-owned subsidiary and registered investment adviser the Wells Fargo Investment Institute published an investment strategy with a page dedicated to the crypto asset bitcoin. The institute’s contributing author and head of real asset strategy, John LaForge, compared crypto investing to the “early days of the 1850’s gold rush.” This week John LaForge from the American multinational financial services company Wells Fargo published an investment strategy editorial for the bank’s subsidiary the Wells Fargo....
Financial services company Bitreserve, which allows customers to hold funds in U. S. dollars, euros, pounds, yen and yuan, is now presenting gold as a non-fiat currency for users. Bitreserve members now have the option of holding gold through their Bitreserve accounts and exchanging it for bitcoin. Bitreserve's blog recently states: "Today, gold is considered by many to be the safest and most stable store of value... We are reviving gold for the purchase of goods and services. Bitreserve members can convert their bitcoin to bitgold, whose value is substantiated by bullion in our reserve,....
Now that the openBazaar project has been launched, various cryptocurrency enthusiasts all over the world have set up their shops. Duo Search is a new search engine to help Bitcoin users find whatever they are looking for among OpenBazaar offerings. This valuable tool will go a very long way in the world of decentralized marketplaces. One thing people have to take into account with projects such as OpenBazaar is how it is rather difficult for consumers to find particular items unless they know the exact store details. Unlike traditional commerce, where people can search for just about....