Bullion Giant APMEX Partners with BitPay to Let Investors Buy Gold with Bitcoin

Global crypto payment provider BitPay has announced the OneGold precious metals and digital gold marketplace is now accepting Bitcoin and Bitcoin Cash, according to a press release. OneGold — founded by APMEX, a leading precious metals retailer, and Sprott, an alternative asset manager — is focused on giving investors the ability to combine the “key benefits of physical gold and silver with those of blockchain-based digital assets.” OneGold CEO Ken Lewis indicated ...

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Bitcoin Mining Giant Bitmain Closes Israeli Branch amid Market Woes

With the bitcoin price trading more than 80 percent below its all-time high, not even Bitmain, the world’s largest cryptocurrency mining firm and the crypto industry’s most valuable company, has been immune from the slaughter. According to Israeli business publication Globes, the China-based Bitmain has closed Bitmaintech Israel, the development center it set up two years ago in Ra’anana. All 23 employees at the office will be laid off, and Bitmain VP Gadi Glikberg, ...

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South Korea’s National Assembly to Engage in First Crypto Debate

On December 10, South Korea’s National Assembly along with several members of the Congress are set to hold the country’s first official debate around crypto involving high profile government officials. Expected Talking Points of the Debate The meeting, arranged by the local market’s largest cryptocurrency exchanges including Upbit, Bithumb, Korbit, Gopax, and Coinone, will have executives of digital asset trading platforms and over-the-counter (OTC) exchanges discuss the regulatory scope of the government on crypto with members of the Congress. Point ...

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$1 Million Bet: Crypto Hedge Fund Wagers Crypto to Outperform Stock Market This Decade

Morgan Creek puts up a $1 million wager, inviting investors who believe the crypto market won’t outperform the S&P 500 to put their money where their mouth. Morgan Creek operates an index fund called the Digital Asset Index Fund, in partnership with Bitwise Asset Management. The index funds offer high net-worth investors exposure to the top cryptocurrencies by market value. The cryptocurrency investment firm is calling the challenge the Buffett Bet 2.0, ...

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G20 Agrees to Regulate Crypto, But is This Good or Bad for the Market?

The G20, an international forum for the governments and central bank governors from the world’s 20 largest economies, has decided to regulate the crypto sector. A declaration released by the forum read: “We will regulate crypto-assets for anti-money laundering and countering the financing of terrorism in line with FATF standards and we will consider other responses as needed.” What Impact Could it Have? Over-regulation restricts the growth of emerging asset classes and technologies by limiting the way companies ...

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