Grayscale calls bitcoin new gold

Posted 02 May, 2019

On May 1, 2019, Grayscale Investments, one of the largest funds managing digital currency assets, launched a provocative campaign to encourage investors to reconsider their traditional notions of investing in gold and instead accept Bitcoin as an alternative. 

Advertising founder and CEO of Digital Currency Group Barry Silbert said in an interview:

"The fantastic job of marketing an overpriced metal buy bitcoin has superior physical properties and market utility."

Managing Director of Grayscale Investments, Michael Sonnenshein, stated that the purpose of the advertisement is to clarify 'the absurdity of gold in our modern world'. 

“Bitcoin can be that and an investment in technology too.”

The advertisement describes in detail some features that emphasize Bitcoin's superiority over gold: transparency, durability, compactness, fragmentation, interchangeability and the absence of inflation (by 2140 a finite number of coins will be issued).

Recall, that the study of the largest blockchain platform found that 11% of Americans already own Bitcoins.

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03 May, 2019 11:37

← Binance to boost AML and security via partnership with Elliptic

One of the leading cryptocurrency trading platform – Binance – reportedly entered into a partnership agreement with Elliptic project that deals with market analysis. With this contract, Binance will manage to boost its regulatory compliance and improve security level at the platform making use of Elliptic team's expertise in this area. 

Binance to boost AML and security via partnership with Elliptic

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02 May, 2019 16:21

OPEC posts stable April output, prices down →

Following flexible policy, the oil cartel managed to post stable production in April given that positive performance of the members helped to offset decline by other ones. The recent data showed that Iran once again cut oil output in April facing tougher measures by Washington. Meanwhile, Lybia managed to improve its positions once one of the major oil field El Sharara resumed operations after the local unrest. 

OPEC posts stable April output, prices down
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