Bitcoin

Analysts and Bullion Dealers Notice a Relationship Between Gold and Bitcoin

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Analysts and Bullion Dealers Notice a Relationship Between Gold and Bitcoin

As cryptocurrencies have grown popular over the past year, researchers have noticed an inverse relationship between gold and bitcoin markets. Over the past two weeks, as cryptocurrency markets have slumped, financial analysts are reporting even more data about the correlation between both assets.

Also Read: Markets Update: Cryptocurrencies Try to Regain Strength After the Recent Dip

Researchers and Gold Dealers Believe That When Bitcoin Prices Recently Dropped In Value Investors Rushed Towards Gold

Financial executives and researchers believe bitcoin and gold have an interesting relationship. Over the past year, cryptocurrencies spiked while gold markets slumped, and when gold prices jumped, digital assets dropped in value. Analysts have seen the inverse relationship more clearly over the past two weeks, when the bitcoin market had its most significant drop in value since January of 2017. For instance, Daniel Marburger, the director at precious metals firm Coininvest, detailed in an interview that on January 16 he sold 30 kilograms of gold for bitcoin. read more

Android

PR: GymCoin Announces First Fitness ICO That Allows Digital Currency to Be Accepted at Gyms Worldwide

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GymCoin First Fitness ICO

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

GymCoin has positioned itself to change the landscape of the fitness industry by offering a global platform that will allow users to pay gyms, dance studios, personal trainers, supplement stores, and health apps using digital currency. This one of kind Pre-ICO Sale offers investors the chance to get in before the GymCoin token hits the exchanges. read more

Android

South Korea Releases Official Guidelines for Cryptocurrency Exchanges and Banks

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South Korea Releases Official Guidelines for Cryptocurrency Exchanges and Banks

The South Korean government has officially released two sets of previously promised guidelines that specify cryptocurrency regulatory measures. In addition to details of the new real-name system to end anonymous trading of cryptocurrencies, the government also published its anti-money laundering guidelines for banks providing services to cryptocurrency exchanges.

Also read: Cryptocurrency Activities Will Be Legal and Tax Free in Belarus Starting in March

Implementation of Crypto Measures

On Tuesday, the South Korean government officially released a document containing the guidelines for cryptocurrency regulations it previously promised. The announcement was made by Vice Chairman of the Financial Services Commission (FSC), Kim Yong-bum. read more

Bitcoin

Stripe is Withdrawing Support for Bitcoin Payments

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Stripe is Withdrawing Support for Bitcoin Payments

Payment processor Stripe is halting bitcoin support. Declaring that “there are fewer and fewer use cases for which accepting or paying with Bitcoin makes sense,” the online payments specialist is calling it a day on cryptocurrency for the time being. Over the past month, a handful of other companies have also rolled back bitcoin support, usually citing high fees which make micropayments impractical.

Also read: New Research: 10% of Funds Raised in ICOs Lost or Stolen

Bitcoin Gets the Boot

Stripe is a $9 billion company run by Irish siblings and youthful entrepreneurs Patrick and John Collison. Stripe had been very receptive to cryptocurrency, and were it not for rising transaction fees, bitcoin would still be very much part of its plans. In a blog post published on Tuesday, project manager Tom Karlo explained the reasons for the volte-face: read more