Gold

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A new cryptocurrency backed by gold, named “Copernicus Gold”, is due to be launched in Singapore at the beginning of 2017.

The UAE and Kimberley Process is to use Blockchain technology to fight “blood diamonds” trading on the world market.

Today the Bitcoin price fell sharply to the level of $640. The reason for this decrease may be a decrease in the forthcoming reward for Bitcoin block mining. In this situation, investors choose to close positions and prefer not to take risks.

Yesterday was relatively quiet for financial markets due to the US Independence Day celebration. Fears of serious repercussions of Brexit are gradually weakening, and the Bitcoin price briefly found peace in the range of $665 - $680.

Two weeks have passed since the Brexit. World markets collapsed soon after the first results of the referendum were announced and today they continue to face the pressure.

Bitcoin has many positive benefits against other currencies. Some use Bitcoin just as a means of payment for goods or services, while others use it as a way to invest money, and some people decide to use Bitcoin to preserve their capital. In any way, the determining factor is the price of Bitcoin.