Bitcoin Gold Rush 2.0? Treasuries Swell With 60 New Players
Companies around the globe made 60 Bitcoin announcements in five days, signaling a surge in corporate interest. Between June 9 and 13, companies added thousands of BTC to their balance sheets and revealed plans for billions more. This week’s activity shows that more businesses are treating Bitcoin like any other financial asset. Related Reading: Amid Bitcoin Hype, Seasoned Trader Predicts Sudden Drop To This Level Six New Bitcoin Treasuries Open Doors According to data shared by @btcNLNico on X, six firms created fresh Bitcoin treasuries and together added 404 BTC in just one week.....
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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....
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....
While reserve-backed crypto assets and stablecoin market valuations increased a great deal during the last year, gold-backed cryptocurrencies have also seen their market caps swell. Between the tokens tether gold and pax gold, the market valuations of these two gold cryptos are nearing a billion dollars in value with $742 million today. Tether Gold’s Market Cap Swells Over 19,000% in Less Than 2 Years, While Pax Gold Increased by More Than 15,000% On February 21, 2020, the market valuation of tether gold (XAUT) was $2.1 million and 23 months later, the valuation has increased by....
Bitcoin has come to be the known as digital gold – a new age currency whose value cannot be eaten away by the inflationary policies of the government. The two have shown divergent trends in May, with Bitcoin's value skyrocketing and gold declining. Causes for gold's decline. Gold is viewed as a safe haven for investment during periods of turmoil and tends to go up during times of crises. Gold also acts as a hedge against inflation and tends to rise when governments follow expansionary monetary policies. Increasing interest rates tend to result in a fall in gold prices, because money flows....
During the last year, there’s been a lot of discussion concerning bitcoin treasuries or public firms putting bitcoin on their balance sheets. However, the leading crypto asset by market valuation is not the only digital currency being held by treasuries. Ethereum has become a prominent treasury asset as a number of companies are known to hold the second leading crypto in their reserves.
Ethereum Treasuries Have Grown
According to the bitcoin treasuries list, exchange-traded funds, countries, public companies, and private firms own 1,559,047 bitcoin (BTC) worth roughly $66....