MintDice Blog

Digital Gold Exchange, a South Korea-based blockchain startup, has created a platform that allows cryptocurrency holders to exchange their digital assets for gold, since gold has always been closely associated with money and the exchange of goods and services.

In a world where the Swiss financial market has always been more tolerant than the banking systems in other countries, it is generally expected that Swiss banks should be open to accepting cryptocurrency and the privacy it affords investors.

While acceptance of these digital assets as a means of exchange grew, several fields began to emerge around it, including payment clients and solutions companies. Now, several blockchain companies like SpectroCoin launch payment operations and custom debit cards along with their tokens to increase usability.

J.P. Morgan, the biggest of the top four U.S. banks is gearing towards heavy applications of blockchain technology. This is at odds with its CEO, Jamie Dimon’s stand on Bitcoin, which he has referred to as a fraud in the past. In fact, in September 2017, Dimon compared Bitcoin cryptocurrency to the Dutch Tulip Mania of the 1630s.

August 2018 was marked by long bearish runs in the second and third week, followed by short recovery periods. However, August 8th and 29th saw huge bitcoin upswings above the $7,000 price points, while August 14th was marked by huge dips.

Quadrant is a blockchain protocol designed to solve the problem of data sourcing and organization. The platform collects data from disparate sources, organizes them and creates new data products from these sources that users can easily purchase.

Although digital currencies have shown a substantial amount of progress over the past few years, recent volatility in the crypto world is giving skeptics more reason to stay doubtful. And while we have seen a consistent stream of innovation with new currencies, there are now more than 800 coins that have been pronounced dead.

Joseph Lubin is one of the eight founders of Ethereum, the blockchain-based, open-source platform, as well as the founder of ConsenSys, a blockchain software technology company that builds decentralized applications on Ethereum. He is also estimated to have a crypto net worth of $1 billion to $5 billion.

According to Agustín Carstens, head of the Bank for International Settlements, young people should stop trying to create money in the form of cryptocurrency. But this opinion on cryptocurrency may not gain any traction within the community because things have been improving for the cryptocurrency industry.