34
Bitcoin found itself competing with traditional safe-haven gold all over again as authorities in China uncovered a $2 billion fraud. Kingold, one of the mainland’s most significant gold processing firms, allegedly collateralized 83 tons of fake yellow metal bars to secure 20 billion yuan (~$2.82 billion) worth of loans. Robert Breedlove, chief executive of crypto hedge fund Parallax Digital, used the case to present Bitcoin as a more auditable alternative to gold. Bitcoin is battling […] read whole article



Related Links

  1. Bitcoin to Become Superior to Gold After 2020 Halving
  2. Analyst Snickers at Those Who Invest in Gold but Not Bitcoin
  3. Bitcoin Sees Small Gain as Gold Rallies to One-Month High
  4. Is Bitcoin a Safe Haven Like Gold? These Four Charts Say Not Yet
  5. Uphold's New Debit Card Lets You Pay With Bitcoin, XRP and Gold
  6. Bitcoin, Bonds and Gold: Why Markets Are Upended in a Time of Fear
  7. Bitcoin, Gold Spike as Fed Reserve Unveils Unlimited Coronavirus Stimulus Package
  8. Bitcoin and Altcoins Remain Vulnerable In Near Term - Cryptonews
  9. ‘Waning’ Safe Haven Status Leaves The Dollar Vulnerable to Bitcoin
  10. Dutch Man Arrested Over $2.2 Million Bitcoin Mining Fraud