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Australia to develop cryptocurrency backed by gold

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The Perth Mint, Australia’s biggest precious metals refiner, is developing its own cryptocurrency backed by gold and other precious metals to lure investors to buy gold again. The mint produces nearly 700 tons of gold annually. The move comes as investors rushed after cryptocurrencies channeling investments away from precious metals. By creating new digital money, the agency … [Read more...] about Australia to develop cryptocurrency backed by gold

Investors are hunting joke cryptocurrencies

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Regulators have warned investors about risks of new mushrooming cryptocurrencies. Despite warning signals, investors are diving in, even if such tokens are named after a popular internet meme or contain words like ‘useless’ in their title. A demand for cryptocurrencies that meant to be a joke highlights how overvalued and risky these currencies have become, some analysts say. … [Read more...] about Investors are hunting joke cryptocurrencies

Crypto news in brief (January 19, 2018): ICE and Blockstream, Ledger, Morgan Stanley, IBM and Maersk

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ICE and Blockstream launched consolidated data feed for cryptocurrencies. Producer of hardware cryptocurrency wallets Legder raised additional $75 million in investments. Morgan Stanley joins Goldman Sachs in clearing bitcoin futures. IBM and Maersk will create a blockchain platform for global logistics industry. … [Read more...] about Crypto news in brief (January 19, 2018): ICE and Blockstream, Ledger, Morgan Stanley, IBM and Maersk