Production

Bitcoin and Gold Short-Lived Correlation Not a Sign of Comparability

Source Node: https://cointelegraph.com/news/bitcoin-and-gold-short-lived-correlation-not-a-sign-of-comparability
Time Stamp: August 18, 2020 10:30 AM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

The Bitcoin (BTC) and gold one-month correlation reached a record high of 68% as Bitcoin hit $12,000 early in August, but the correlation crashed by 20% the following week. Despite this, Bitcoin looks set to become digital gold in 2020 considering the price correlations and trends in the futures market.Both gold and Bitcoin are having a phenomenal year in terms of year-to-date returns. According to Skew Analytics, gold has a 27.93% YTD return, while Bitcoin has racked up a 71.68% YTD yield. Although Bitcoin sees much higher volatility than gold,

A Massive Bitcoin Price Move Is Likely Imminent… Again: Here’s Why

Source Node: https://bitcoinist.com/massive-bitcoin-price-move-imminent-again/?utm_source=rss&utm_medium=rss&utm_campaign=massive-bitcoin-price-move-imminent-again
Time Stamp: August 16, 2020 9:00 PM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

Bitcoin has consolidated between $11,000-12,000 over recent weeks. While the consolidation has only lasted for just over two weeks, prices are tightening again. By indicators like the width of the Bollinger Bands, volatility is reaching notable lows yet again. This signals to analysts that a massive Bitcoin price move is likely imminent. Fortunately for bulls, there are many analysts expecting upside due to both technical and fundamental trends. How high Bitcoin rallies in this potential breakout, though, is not yet clear. Bitcoin Could Soon See a Massive Move: Volatility Indicators

Could Buffett’s Change in Gold Strategy Move Him Toward Bitcoin?

Source Node: https://beincrypto.com/could-buffetts-change-in-gold-strategy-move-him-toward-bitcoin/
Time Stamp: August 15, 2020 2:59 PM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

Warren Buffett’s investment firm Berkshire Hathaway Group has invested in gold production for the first time ever. The firm purchased 20.9 million shares of Barrick Gold Corp., one of the larger producers of gold. The purchase reflects the growing investment move into store-of-value (SOV) assets like Gold, Silver, and Bitcoin. Inflation, economic struggles, and treasury yield curves have left the dollar weak. Buffet’s Big Policy Reversal The purchase reveals a substantial change in Buffett’s investment strategy. The so-called ‘Oracle of Omaha’ has been a strong advocate against purchasing the precious

Why Chinese Miners Won’t Stage a 51% Attack on Bitcoin

Source Node: https://cointelegraph.com/news/why-chinese-miners-wont-stage-a-51-attack-on-bitcoin
Time Stamp: August 11, 2020 7:32 PM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

China accounts for more than half of the world’s Bitcoin mining capacity but Jameson Lopp, the co-founder and CTO of Casa, has hosed down fears that Chinese miners are a threat to Bitcoin in a blog post on Aug. 9.Although many people have raised concerns over the concentration of such much hashpower being located in China, Loop pointed out that even in the event of a 51% attack on Bitcoin, attackers are limited in what they can actually do. He explained that attackers can't steal people's Bitcoin arbitrarily, nor change the consensus

UAS: The First Government to Bring Blockchain Development to The Masses

Source Node: https://bitcoinerx.com/blockchain/uas-the-first-government-to-bring-blockchain-development-to-the-masses/
Time Stamp: August 10, 2020 3:39 AM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

What constitutes development? Would one know it when they saw it? More importantly, why should it matter whether or not a nation attains it? Answers to these seemingly simple questions are as varied as people are. However, simply put, development is the expansion of a nation’s economy, complemented with a significant rise in its citizens’ living standards. From this, it is apparent that development is visible—additionally, its attainment matters. Africa, compared to other regions, is underdeveloped, albeit resource-rich. Ironically, incomes continue to rise across the continent while a majority of