It inevitably lends further credibility to Bitcoin. Is Bitcoin a safe long-term investment? There is no doubt in my mind that Bitcoin or Ethereum have taken share away from Gold or Silver where alternative (ex-fiat money supply) investment is concerned. This is going to change the world by taking power form banks, govts It’s not going to be about money but about distributed trust – not just for money but contracts, bonds, etc it’s very sad when we saw MtGox vanish. Send us a tip using our anonymous form. While Uniswap doesn’t have a market cap close to others on this list, it is growing. Gold hit $1,911 a troy ounce, up 1.85 percent in 24 hours, while silver rose 5.64 percent to 21.81 a troy ounce. Elsewhere, silver has gotten a boost over the past week, with the spot price rising 23% through Wednesday morning’s $14.62 an ounce. Theoretically, however, it is an interesting way to get exposure to physical silver at just under the spot price. Last week, I wrote about the disconnect between the spot price and physical silver, and while the spot price has risen, so has the price of physical silver. That represents a 68% premium to the spot price.
A silver quarter, for instance, https://m.blog.naver.com/ajjuguru/223216540128 contains $2.63 in silver (at the spot price) while a 1000-ounce bar, which is not divisible, is valued at about $14,500. The spread between the two has not narrowed; indeed, it has widened a bit in the case of “junk silver.” A $100 bag of 90% pure silver coins, which contains 71.5 ounces of silver, is now selling for $1,757, or about $24.57 an ounce. Physical silver has been steadier, especially since selling off last spring. Last week, the same bag sold for $1,475, which implied a 63% premium. Just an aside, it appears that Bitcoin has continued to rally this morning despite revelations that trading platform Crypto (Dotcom) a rough $34M in various cryptocurrencies in a hacking attack earlier this week, and a Thursday morning report by the Bank of Russia calling on that nation to ban cryptocurrencies. That crypto trades this morning around $3,175, and has traded just above $3K.
BNB can be traded or exchanged for other cryptocurrencies like Bitcoin, Ethereum, Litecoin, and others. Gold has really traded sideways to slightly lower since peaking in August of 2020 as higher quality cryptocurrencies, Bitcoin in particular, have soared. Sure, both gold and silver have been “money”, but neither currently serves as a medium of transaction on a regular basis, or for lower to middle class people. I have long (not that long) held that Bitcoin was probably not for me, but that Ethereum might be as I think Ether would serve better the functions of money than Bitcoin. That fiscal disturbance in an already cash-strapped city is just one of the criticisms that some have lobbed against the Occupy Wall Street Movement. One big difference between the aforementioned periods is that the volatility in the fourth quarter of 2008 came after a prolonged, one-year period of market drawdowns that started in October 2007. Investors by that time had experienced a year of falling markets. Overall, it controls around one-third of the associated market volume, showcasing the platform’s popularity. That website used to let people click through the estimated greenhouse gas emissions associated with individual NFTs until creator Memo Akten took it down on March 12th. Akten, a digital artist, had analyzed 18,000 NFTs and found that the average NFT has a carbon footprint somewhat lower than Space Cat’s but still equivalent to more than a month’s worth of electricity for a person living in the EU.
The federal authorities said that no losses associated with the resolution of Silicon Valley Bank would be borne by US taxpayers. For the purposes of the loans, collateral will be valued at par (face value), the authorities said. The authorities said they would seek to recover any shortfall resulting from the sale of SVB’s assets from other banks. However, some market analysts said a new lending facility put in place last night to help US banks obtain funding against their assets was equivalent to a hidden bailout. 23 as of May 2022, placing it above Bitcoin Cash, Ethereum Classic and Monero, all of which have been on the market longer. Readers will see that physical gold futures contracts have formed a convergence between a downward sloping upper trend line and an upward sloping lower trend line. The last wallet type we will discuss is a paper wallet. In case you were curious, Tuesday’s 9.4% hope-for-a-stimulus-deal driven uptick in the S&P 500 was the seventh trading day out of the last 12 that the index has risen or fallen at least 5%. That has not happened (seven out of 12) since the fourth quarter of 2008 (specifically, Nov. 12 through Dec. 1 of that year).