Gold

2018 is a tough year for global investors. It seems that all the investment projects have gone wrong: collapse of P2P, sluggish securities market, low gold prices, and plummeting earnings of US debt and bank financial products.

Shinil Group, a South Korean treasure-hunting company, recently made global headlines when they proclaimed an Initial Coin Offering (ICO) after discovering a sunken Russian battleship possessing large volumes of gold worth US$130 billion.

A giant Israeli cryptocurrency exchange known as Bits of Gold has agreed to share all customers' transaction particulars with the tax authority of the country.

Ron Paul, the former US presidential candidate, is considering with continued attention the potential hope that a combination of cryptocurrencies and gold could ultimately substitute the U.S. dollar sooner or later.

IP Gold is kicking off their transfer from the Ethereum blockchain to NEM’s with a generous sale.

FXPRIMUS, a leading company breaking new terrains in seamless trading experience, has announced the integration of a cryptocurrency-based services through trade.io. The integration now allows users to utilise trade.io’s TIO utility token to access Oil, FX, Gold, and Indices.

A hacker, whose identity has not been recognized, has tried to carry out a couple of “double spend” attacks on the popular digital currency platform Bitcoin Gold, the company revealed in a statement. Over $18 million worth of Bitcoin Gold coins are missing so far.

Venezuela plans on issuing a government-backed cryptocurrency called “petro”. The currency will be the first digital money actually backed by resources such as gold, oil, gas or diamonds.

Mining digital currency is certainly an attractive source of income. Plug in the GPU cards and let the digital gold pour. However, mining bitcoin alone consumes 0.13% of the world’s energy consumption. Fuelling such consumption with anything but renewable energy would have a devastating effect on the environment.