Australia’s Mint to Launch Golden Cryptocurrency 223

Монетный двор Австралии выпустит золотую криптовалюту

According to TV channel ABC News, Australia’s largest enterprise is currently developing its own digital currency that will be physically backed by gold.

The virtual currency will be developed using Blockchain Bitcoin technology. It will help identify the origin of the gold. The mint is going to suggest its clients high-quality product that combines digital innovations of the finance sector and reliability of precious metals.   

Richard Hayes, the head of the company, noted that there was “massive capital drain on cryptocurrencies”. As a result investors turn their backs to the traditional ways of value storage.

He says that the gold-backed cryptocurrency traded on blockchain will have its own value:

“So it will have all the benefits of something that is on a distributed ledger that settles very, very quickly, that is easy to trade, but is actually backed by precious metals, so there is actually something behind it, something backing it.”

Hayes also noted that the company is thinking to start using blockchain.

This promising application will allow to track the whole way a gold bar, which will be written and confirmed in read-only, transparent blockchain – from the mine to the buyer.

Previous ArticleNext Article

Leave a Reply

Your email address will not be published. Required fields are marked *

Cryptocurrency Prices: Insignificant Growth in the Currency Rating 50

Cryptocurrency Prices: Insignificant Growth in the Currency Rating

According to the trading portal Coinmarketcap.com, Bitcoin (BTC) rose by 0.46% in the last 24 hours. The price at the time of writing is $8315.

The indexes are growing, cryptocurrencies are in the green zone again, although the increase in the rating is no more than 8% of the cost. Ripple added 1.25%, Monero increased by 3.06%, Stellar added 1.32% to the value, EOS rose by 7.30%. Litecoin grew only by 0.43%.

Ethereum is showing an increase by 1.42%. Its value at the time of writing is $704 per coin.

The total market capitalization is $383 billion. Bitcoin accounts for 36.9% of the total amount. It is $141 billion in monetary terms.

Subscribe to The Coin Shark news in Twitter: https://twitter.com/the_coinshark

Organizers Used Fake Lamborghinis to Attract Attention to the Consensus 2018 117

Organizers Used Fake Lamborghinis to Attract Attention to the Consensus 2018

Organizers of the conference Consensus 2018 in New York held a kind of promo-action by parking a “Lamborghini” in front of the entrance to the building, where the event was held. The vehicle was provided by the company Broadway Supercars from New Jersey. This has been reported by the CNBC channel.

The point of this was to pass the cars off as the transport of Bitcoin and cryptocurrency investors. As a result of an independent investigation it also became known that the last two Lamborghini vehicles belong to the owner of the renting company, John Nouri.

“We do a lot of this for a lot of companies all the time. It’s an attention grabber. It’s for the people walking in. They all say once you make money in crypto, you buy a lambo. I never made money with crypto but I have ten lambos.” – Nouri said.

The edition notes that the rental price of one vehicle of the company Broadway Supercars is $1000 per day, while its total cost is from $200 thousand and more.

“I see a parallel between young people that are really willing to become very rich with the very high-risk investment, and … the fact that our customers are very young,” Lamborghini CEO Stefano Domenicali told CNBC in a recent interview.

Let us remind you that on Monday, the 14th of May, the Consensus 2018 blockchain conference started in New York. This event is currently the largest in the world. It is devoted to Bitcoin, other cryptocurrencies and blockchain technologies.

Subscribe to The Coin Shark news in Twitter: https://twitter.com/the_coinshark

%d bloggers like this: