Why Analysts Think Gold’s Christmas Rally to $1,500 Is Only the Beginning

Over the past few weeks, the price of gold has begun to pick up steam, surging by $35, some 2.5%, in the past three days. In the past four weeks, since the start of December, the asset has gained 4%. While this Santa Claus rally has already brought the price of the metal above $1,500, where it was trading during the peak of trade war talks earlier this year, analysts are currently forecasting that the asset will head higher in the coming months. Related Reading: Prominent Gold Bull Thinks the…

Around the World in 2019 — A Landmark Year for Crypto Taxation

2019 was, without a doubt, a milestone for crypto taxation. Countries around the world realized cryptocurrencies are here to stay and adjusted their crypto tax policies as a result. This year alone, several countries have been busy establishing and amending crypto tax legislation. Governments around the world have published updated guidance, changed crypto tax rules, and used crypto tax benefits to attract high-net individuals, while some even banned crypto completely. Looking at the crypto tax legislation worldwide in 2019, one thing is apparent: No one can deny crypto tax anymore.…

India’s Payments Platform Vajra Gets the Blockchain Ball Rolling

While the Indian government is uncertain about the use of cryptocurrency, the National Payment Corporation of India, or NPCI, officially announced its permissioned blockchain-based platform, Varja, to make the payment process easier, faster and more transparent.  After detailed research, the NPCI has developed a distributed ledger technology mechanism to provide a highly secure, tamper-proof database for various payment procedures.  The NPCI is an umbrella organization for retail payments and settlement systems in India. It is an initiative of the Reserve Bank of India and Indian Banks’ Association under the provisions…

The Most Lucrative Signal in Bitcoin History Just Flipped Buy

Bitcoin is the best performing investment of the last decade, bringing investors who bought the asset early unimaginable returns. An important metric in Bitcoin has just signaled buy for the tenth time in the asset’s history, with each time the buy signal occurring in the past resulting in an average of 5,000% returns following. Could Bitcoin be ready to bring investors upwards of 5,000% returns in the coming months ahead? Bitcoin Hash Ribbons Confirm Buy Signal for 10th Time In Crypto History Investors often look at a number of factors…

United Nations Must Embrace Blockchain: UN Secretary-General

United Nations (UN) secretary-general António Guterres said the organization must embrace blockchain technology. According to a Dec. 28 Forbes report, Guterres believes that blockchain should be among the technologies used by the UN.  “For the United Nations to deliver better on our mandate in the digital age, we need to embrace technologies like blockchain that can help accelerate the achievement of Sustainable Development Goals,” he said. This is not the first time that Guterres spoke highly of the potential of blockchain technology. As Cointelegraph reported in July last year, at…

Venezuela, Argentina Set New Weekly P2P Bitcoin Trading Volume Records

Bitcoin (BTC) weekly trading volumes on peer-to-peer (P2P) trading platform LocalBitcoins in Venezuela and Argentina have hit new all-time highs in their respective national currencies. Cryptocurrency data website CoinDance shows that LocalBitcoins trading volume in local fiat currency in Argentina and Venezuela have hit new record highs. According to the website’s data, the week ending on Dec. 21 saw over 32.6 million Argentine pesos (equivalent to about $544,905) traded on the platform, or 34% more than the record registered two weeks before. LocalBitcoins weekly trading volume in Argentina in Argentine…

Data Creators Should Share in the Profits From Big Data

This post is part of CoinDesk’s 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Alex McDougall in the co-founder Bicameral Ventures, a venture capital firm focused on blockchain, interoperability, data and identity self-sovereignty, personalized AI, and Web 3.0. Striking it rich. The phrase derives from natural resources exploitation. Prospectors would strike an easy patch of oil, extract it from the ground, sell it and get rich. Sometimes it was hyper-focused geological engineering that made the strike, sometimes the…

Blockchain Projects Are Just Entering the Netscape Phase

This post is part of CoinDesk’s 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. David Nage is the Principal at Arca, a full service digital asset management firm.   “It is always wise to look ahead, but difficult to look further than you can see.” – Winston Churchill  Recently Jill Carlson wrote a piece for CoinDesk that inspired me to think through counterarguments to the points she shared. Much of the following is based on 100 in-depth interviews during…

Facebook’s Libra Has Failed in Current Form, Says Swiss President

The basket of assets backing Facebook’s Libra stablecoin needs to change in order for the project to be accepted by regulators, according to Switzerland’s President. “Central banks will not accept the basket of currencies underpinning it” Reuters reported on Dec. 27 that Swiss finance minister and outgoing president Ueli Maurer said that Libra won’t be approved because central banks won’t accept the basket of currencies behind it.  He concluded: “The project, in this form, has thus failed.” Libra’s conflict with regulators Earlier this month, Libra’s whitepaper was updated to remove…