ICON Foundation Announces Its New Accelerator Initiative in Singapore

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KONSKIE, POLAND - JULY 01, 2018 ICON (ICX) cryptocurrency website displayed on Huawei Y6 2018 smartphone

The ICON Foundation recently announced a new accelerator initiative with TRIVE Ventures and PwC Singapore’s Venture Hub. The Tribe Accelerator (TRIBE) will also be the first blockchain accelerator backed by Enterprise Singapore, the leading government agency dedicated to startups.

Helping Later-stage Blockchain Companies

The TRIBE accelerator will be primarily supporting later-stage blockchain companies in Asia, helping to drive mass adoption of blockchain technology through real use cases. The program will open twice in a year, each for six months. The startups enrolled with the program will be provided “comprehensive support from business consultancy to technology advisory.” In addition to this:

“TRIBE will function as a platform where enterprise partners and government agencies can collaborate and create synergies for blockchain projects coming onboard.”

ICON’s Singapore Launchpad

ICON will operate the Singapore Launchpad through TRIBE. It will follow in the footsteps of ICX Station launchpads in San Francisco, Tokyo, and Seoul. ICON wrote:

“We truly believe TRIBE will play an important role as a gateway for new startups to utilize ICON’s technology to pursue the disruptive potential of blockchain technology.”

ICON and TRIVE Ventures collaborated previously in May when ICON helped in co-developing blockchain courses for TRIVE’s programming schools – Coder School Vietnam and Upcode Academy Singapore. This time, ICON will be the technical partner in the new venture, helping startups transform blockchain-based ideas into real-world products.

TRIBE’s aim is to help generate more public awareness of the relevance and advantages of blockchain technology which could be realized through backend digital solutions and decentralized applications. The first batch of the program is expected to start with eight startups.

The venture will officially kick off in the first quarter of 2019, followed by a global demo tour of Japan, South Korea, and Singapore for the incubated startups. This tour will help startups with testing their solutions in real markets and learning best practices.

ICON Foundation Announces Its New Accelerator Initiative in Singapore was originally found on [blokt] – Blockchain, Bitcoin & Cryptocurrency News.

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Dim Prospects for Bitcoin Cash [BCH] Price as it Returns to 2018 Lows

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The market leader Bitcoin has been trading around $4000 after forming a low below $3500 during the bearish market declines. Its hard fork, Bitcoin Cash has formed new 2018 lows around $145 with declines taking place over the past three days.

Bitcoin Cash recently had its own hard fork which took place on the 15th of November. Prior to the hard fork, investors drove the price of Bitcoin Cash up in anticipation of receiving the hard fork of the coin in a 1:1 ratio. Price managed to reach around $630 before plummeting during the week before the hard fork and afterward. The price currently trades around $150.

Bitcoin Cash Daily Chart – Source: Tradingview.com

After the hard fork, a battle for hash power took place between Bitcoin Cash and the hard forked Bitcoin Cash SV. This resulted in the has power behind Bitcoin Cash drastically dropping. With hash rate being a good measure for the security of the network, the price is likely continuing to drop as investors reassess the security and value of the Bitcoin Cash network.

Bitcoin Cash Hash Rate

The outlook for Bitcoin Cash looks markedly more bearish than other major cryptocurrencies. It is a strong possibility that the price could continue to drop from here. Bitcoin cash is ranked 5th in terms of the total market cap of cryptocurrencies after being ranked 4th for the majority of 2018.

Cryptocurrency Rankings

Key Takeaways:

  • Bitcoin Cash continues to fall and forms a new 2018 low.
  • The hash rate of the network has markedly dropped since the hard fork and price is likely continuing to drop to reflect the more insecure network.
  • Bitcoin Cash has dropped in the market cap rankings after ranking 4th for the majority of 2018.
DISCLAIMER: Investing or trading in digital assets, such as those featured here, is extremely speculative and carries substantial risk. This analysis should not be considered investment advice, use it for informational purposes only. Historical performance of the assets discussed is not indicative of future performance. Statements, analysis, and information on blokt and associated or linked sites do not necessarily match the opinion of blokt. This analysis should not be interpreted as advice to buy, sell or hold and should not be taken as an endorsement or recommendation of a particular asset.

Dim Prospects for Bitcoin Cash [BCH] Price as it Returns to 2018 Lows was originally found on [blokt] – Blockchain, Bitcoin & Cryptocurrency News.

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Binance Coin [BNB] Can Be Used in Decentraland Virtual LAND Auctions, Under New Collaboration

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Binance cryptocurrency exchange logo on phone with bitcoin ripple litecoin and ethereum. Copenhagen / Denmark - 08 04 2018.

Decentraland and cryptocurrency exchange Binance have partnered to explore blockchain-driven gaming innovations. Now, Binance Coin holders can use their coins via Trust Wallet to participate in Decentraland’s auction for virtual world spaces.

Supporting Gaming Innovation

Blockchain companies are gradually moving into the gaming space. Everdragons recently announced that they would be arriving on the Tron blockchain soon, after having worked on both Ethereum and POA. Binance, one of the largest cryptocurrency exchanges in the world is now supporting blockchain-driven gaming initiatives.

Under a new collaboration with Decentraland, BNB coin will now be used for auctions of LAND or virtual land parcels. The official wallet of Binance, the Trust Wallet can be used to participate in the LAND auctions. Users can do so by searching for these auctions on their built-in dApp browser. The auction is set to begin on December 10 and Trust Wallet users can also win MANA and LANDs prizes. Binance is also planning to host a few events related to Decentraland.

Binance’s Upcoming Decentraland Events

The exchange will first host a trading competition for MANA, the native token of Decentraland. The competition will run from December 4 to December 11. The winner of the competition will get a Binance-branded virtual LAND parcel, and a total of 1.875 million MANA will be distributed among top traders.

The second contest will reward users who spend the maximum during the LAND auction using the Trust Wallet. The winner of the competition will get a LAND parcel worth 100,000 MANA. Second place will get a LAND parcel worth 50,000 MANA, third place will receive a LAND parcel worth 20,000 MANA, and the fourth place will get a LAND parcel worth 15,000 MANA. Also, 50 users who use Trust Wallet to buy LAND will even get a chance to win 10,0000 MANA each.

Decentraland’s MANA tokens, designed with ERC20 standards, were listed on Binance a year ago. This new collaboration will help to create a new use case for BNB and allow Binance to expand into new opportunities with blockchain gaming.

Binance wrote:

“To further integrate the Binance ecosystem into the virtual world, the auction can be accessed through the dApp browser of our Trust Wallet, once again proving that the crypto wallet app is at the forefront of pushing for the adoption of blockchain technologies.”

Binance Coin [BNB] Can Be Used in Decentraland Virtual LAND Auctions, Under New Collaboration was originally found on [blokt] – Blockchain, Bitcoin & Cryptocurrency News.

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Ripple’s XRP Trades at Key Level After Bearish Movements

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For the majority of 2018, Ethereum had been the largest altcoin by market cap. The bearish market movements which took place recently resulted in Ripple’s XRP overtaking it for the position of largest altcoin and second largest cryptocurrency by market cap.

While Ethereum was the largest altcoin, its movements mostly followed closely to those of the market leader Bitcoin. XRP seems to be also following this pattern. Bitcoin recorded bearish movements down to around $3750 but since retraced back up to a key level at $4000. XRP also recorded bearish movements to a low around $0.335 but has since retraced back above the key $0.35 level.

Ripple’s XRP Daily Chart – Source: Tradingview.com

The outlook for XRP seems to be closely tied to that of Bitcoin which represents around 54% of the cryptocurrency market cap. Bitcoin now trades around $4000 which has marked itself as an important point after price action returning to it on numerous occasions.

Bitcoin has been recording more bullish movements recently but traders still appear cautious of a return to the extreme bearish condition seen recently. Just a few weeks ago, price moved from around $6400 to below $3500 over the space of two weeks.

Bitcoin Weekly Chart – Source: Tradingview.com

We also have bearish statements being released from professional analysts in relation to Bitcoin. Martin Weiss, founder of Weiss ratings which regularly analyses and ranks what they consider the strongest cryptocurrencies had the following to say:

“Bitcoin has declined by more than 70% again, setting the stage for another major price rise likely to begin in 2019. However, there is one important difference this time: Bitcoin has not kept up with the latest advances in the Distributed Ledger Technology (DLT) that underlies cryptocurrencies.”

it should be noted that Bitcoin was ranked low on previous reports and rankings from Weiss Ratings but has managed to hold its value significantly better than those ranked above it.

Key Takeaways:

  • XRP seems to be following the movements of Bitcoin with recent price action. This is the same as what happened with Ethereum price action when it was the highest ranked altcoin.
  • Bearish drop yesterday in both Bitcoin and XRP with a retracement up to a key trading level in both. XRP currently trades above the key $0.35 level.
  • Bitcoin has had markedly more bullish price action recently but outlooks from analysts are bearish. Traders are likely cautious to drive prices up after the recent bearish movements.
DISCLAIMER: Investing or trading in digital assets, such as those featured here, is extremely speculative and carries substantial risk. This analysis should not be considered investment advice, use it for informational purposes only. Historical performance of the assets discussed is not indicative of future performance. Statements, analysis, and information on blokt and associated or linked sites do not necessarily match the opinion of blokt. This analysis should not be interpreted as advice to buy, sell or hold and should not be taken as an endorsement or recommendation of a particular asset.

Ripple’s XRP Trades at Key Level After Bearish Movements was originally found on [blokt] – Blockchain, Bitcoin & Cryptocurrency News.

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Factom [FCT] Continues to Outperform After Volatile Trading Session

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Despite the bearish market condition which took place over the past few weeks, Factom has continued outperform other major cryptocurrencies. Trading in Factom was volatile yesterday, but the price has managed to continue its increase and currently trades close to $14.

Price underwent a retracement last week after drops occurring across the market and a bearish divergence taking place between the price and RSI of Factom. The retracement resulted in price dropping close to around $7, but it managed to bounce from this point.

Price has since managed to rise above resistance at the 200 EMA. It returned to this point yesterday, but the level acted as support. Momentum has been strong on the side of buyers in Factom with both the RSI and MACD increasing.

Factom Daily Chart – Source: TradingView.com

The initial increase in Factom took place from support around $4. It has since increased by over 200% and looks likely to continue its increase. The fact that Factom has been able to appreciate during bearish market conditions would indicate that investors consider the project fundamentally strong and may be setting up for an even better performance the next time the market is predominantly bullish.

The project has significant funding backing it with investments from Tim Draper’s Draper Associates and the Bill and Melinda Gates Foundation. The project deals with trust and data integrity solutions by applying blockchain technology.

Key Takeaways:

  • Factom continues to outperform despite the recent bearish market conditions.
  • Volatile price action trading yesterday met support at the 200 EMA but since went on to increase to around $14.
  • Factom has a good chance of continuing its increase with strong buyer momentum reflected in the increasing MACD and RSI. The project also has significant backing.

Factom [FCT] Continues to Outperform After Volatile Trading Session was originally found on [blokt] – Blockchain, Bitcoin & Cryptocurrency News.

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It’s Still Early Days, but Arsenal Look set to Avoid Manchester United’s Post-Ferguson Slump

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It can be difficult to measure the predominant feeling of a football club’s fan base, but Arsenal’s appointment of Unai Emery seemed to be considered underwhelming by large swathes of the Gunners’ support.

The former Sevilla and Paris Saint-Germain boss may have won eight trophies in his previous five seasons in management, but he is not seen as a particularly exciting coach and his installation in the Emirates Stadium dugout in May did not exactly set pulses racing in N5.

It is still early days, of course, but you would now be hard pressed to find anyone in the red and white half of north London with anything negative to say about the Spaniard. Sunday’s 4-2 victory over Tottenham Hotspur not only saw Arsenal climb into the top four but was also the best performance and result of the post-Arsene Wenger era so far.

The hosts came flying out of the traps at the Emirates, hassling and harrying Spurs high up the pitch and creating numerous chances – one of which, a Pierre-Emerick Aubameyang penalty, was converted – in the opening 20 minutes. They may have fallen behind after quick-fire goals from Eric Dier and Harry Kane, but Arsenal showed tremendous resilience to fight back and score three more times against their local rivals.

That victory means Arsenal are now unbeaten in 19 games in all competitions, with their only losses this term coming against Manchester City and Chelsea in August. There were calls for Emery to adapt his approach of playing out from the back following those reverses, but he stuck to his guns and is now reaping the rewards.

Arsenal, it is only fair to point out, have been fortunate at times in recent months – they could easily have dropped points in wins against West Ham, Everton and Watford, and were the inferior team in last month’s draw with Wolverhampton Wanderers – but there have been clear signs of progress since Emery took charge. Arsenal are now more coherent, clever and compact, while their new-found urgency and aggression has been on show in big games against Liverpool and Tottenham.

Another crunch clash awaits on Wednesday when Emery’s side face Manchester United, a club who are still struggling to move on from the departure of their own long-serving manager. The Red Devils may well beat Arsenal this midweek and could still finish above them in the table at the end of the campaign, but it does not feel premature to say that the north Londoners have made a much better job of replacing their omnipotent leader than their Mancunian counterparts.

There were certainly some factors in Arsenal’s favour. Wenger may have signed a new two-year contract in 2017, but he was always likely to leave by 2019 at the latest; Alex Ferguson, conversely, caught everyone by surprise when he announced his intention to retire just weeks before the end of the 2012/13 season. Another crucial difference is the fact that, unlike Wenger, Ferguson remained popular and successful until the very end of his tenure, so it would have been impossible – and risky – for United to try and wrest control from him while he was still at the helm.

Even so, Arsenal have made several positive steps in the last couple of years, starting with the arrival of head of recruitment Sven Mislintat and head of football relations Raul Sanllehi (who is now director of football) last season. Unlike United, Arsenal’s work in the transfer market in the last 12 months has been smart – their two standout performers against Spurs, Lucas Torreira and Aubameyang, were signed in 2018 – and despite the exit of chief executive Ivan Gazidis, there is now a solid footballing structure in place in behind the scenes. United do not have that, nor a discernible on-field identity despite the fact that Jose Mourinho has now been in charge for more than two and a half years.

Even if Arsenal lose to United on Wednesday night, they are further ahead than their upcoming opponents in the process of moving on from an all-powerful, veteran manager who had shaped the club in his image.

Bet on Man Utd v Arsenal

 
Odds are provided at time of writing, please check your betslip to confirm they have not changed before betting.

The post It’s Still Early Days, but Arsenal Look set to Avoid Manchester United’s Post-Ferguson Slump appeared first on BetBright Blog.

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Just Released: Labor Markets in the Region Are Exceptionally Tight

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LSEJust Released: Labor Markets in the Region Are Exceptionally Tight

At today’s economic press briefing, we examined labor market conditions across our District, which includes New York State, Northern New Jersey, and Fairfield County, Connecticut, as well as Puerto Rico and the U.S. Virgin Islands. As has been true throughout the expansion, New York City remains an engine of job growth, while employment gains have been more moderate in Northern New Jersey and fairly sluggish across most of upstate New York. Nonetheless, it has become more difficult for firms to find workers throughout the New York-Northern New Jersey region. It may not be terribly surprising that labor markets have tightened in and around New York City, where job growth has been strong, but labor markets have also tightened in upstate New York, even in places where there has been little or no job growth. This is because labor markets are tightening as a result of changes in both labor demand and labor supply. In upstate New York, a decline in the labor force has reduced the pool of available workers. Meanwhile, Puerto Rico and the U.S. Virgin Islands are still recovering from the destructive hurricanes last year. As these island economies continue to rebuild, employment has edged up in Puerto Rico and stabilized in the U.S. Virgin Islands.

Led by New York City, downstate New York has experienced strong job growth in recent years, matching or exceeding the national pace. Employment in New York City is up about 25 percent from its trough following the Great Recession, which is considerably more than the nationwide increase. Job growth in Northern New Jersey has been steady, though not nearly as strong. Meanwhile, upstate New York has not fared as well. Albany had seen solid job growth through much of the expansion, but growth has slowed over the past year. In Western New York, after years of modest employment gains, Buffalo and Rochester have seen job growth slow considerably since 2016. On a more positive note, employment has finally started to increase in Binghamton as the region’s manufacturing sector has stabilized following several years of shrinkage in its job base after the Great Recession.

Despite these considerable differences in job growth, there is strong evidence that labor markets have tightened all across the New York-Northern New Jersey region. Unemployment has fallen to exceptionally low levels, reaching historical lows in some places. In New York City, unemployment has dropped to a record low of 4 percent, and is at its lowest level in decades in much of the surrounding area. Even across upstate New York, unemployment has fallen to its lowest level in several decades, including in places that have seen little if any job growth in recent years. In this part of the region, the labor force is declining, reducing the supply of labor and making workers more difficult to find. Further, as labor markets have tightened, our business surveys are showing a pickup in wage growth throughout the region.

As part of our analysis, we also show that the types of jobs gained in recent years differ within the region. While the United States overall has seen fairly broad-based job growth across the wage distribution, job growth in downstate New York has been more polarized, with the largest gains in lower-wage and higher-wage jobs, though there has also been some job growth in the middle of the wage spectrum. By contrast, upstate New York has continued to lose middle-wage jobs, while in New Jersey, the middle has seen solid gains. With some types of jobs growing and others declining, even with tight labor markets, it may still be challenging for some workers to find a good job if they don’t have the skills required for the kinds of jobs that are available in their local area.

For more information on labor market conditions in the region, see the economic press briefing web page.

Disclaimer

The views expressed in this post are those of the authors and do not necessarily reflect the position of the Federal Reserve Bank of New York or the Federal Reserve System. Any errors or omissions are the responsibility of the authors.


Abel_jaison
Jaison R. Abel is an assistant vice president in the Federal Reserve Bank of New York’s Research and Statistics Group.

Bram_jasonJason Bram is a research officer in the Bank’s Research and Statistics Group.

Deitz_richardRichard Deitz is an assistant vice president in the Bank’s Research and Statistics Group.

Hastings_jonathanJonathan Hastings is a research associate in the Bank’s Research and Statistics Group.

How to cite this blog post:

Jaison R. Abel, Jason Bram, Richard Deitz, and Jonathan Hastings, “Just Released: Labor Markets in the Region Are Exceptionally Tight,” Federal Reserve Bank of New York Liberty Street Economics (blog), December 4, 2018, https://libertystreeteconomics.newyorkfed.org/2018/12/just-released-labor-markets-in-the-region-are-exceptionally-tight.html.

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Beware! Crypto Mining Software Can Be Used to Steal Corporate Secrets

Mining software is typically used for extracting cryptocurrency, but according to new data, it can also be used to steal corporate secrets.


What Did You Find?

Troy Kent, a threat researcher at Awake University, claims that aside from creating alternate currencies, crypto mining software can be used for a much more malicious purpose. He recently presented his findings at the InfoSecurity North America Conference in New York earlier this month, claiming that:

With this attack, people are using a tool, a crypto miner that they’re used to seeing on their network, but they’re not used to responding to it as though it is a legitimate threat, like a botnet or a Trojan. They can come in and they can steal files, they steal intellectual property, they can steal credentials and then log in as maybe the CEO, or they can download more software. They can bring down services.

Keep Your Eyes Open

It sounds like pretty dangerous stuff, and Kent is unsure if hackers are already using this technique to attack companies or they’ve yet to discover it. Either way, the word is out, and he’s asking companies to be on their guard, advising them to implement more advanced detection methods based on behavior and analytics. He comments:

If I can do it, then absolutely an attacker could do it, whether they’re very sophisticated or not sophisticated at all. The threat is stealthy and cybersecurity teams may have trouble finding it.

Hiding Behind Another Tactic

Hiding Behind Another Tactic

He explains that the attack begins like crypto-jacking, a process in which a hacker downloads crypto-mining malware onto an unsuspecting victim’s computer without their knowledge or permission. They then use that person’s computing power to extract new coins, resulting in big profits for the hacker and high energy bills for the victim. He states:

Depending on the type of detection that they’re using, it’s very possible that they [businesses] would miss this attack, or at least deprioritize it, or dismiss it as only a miner.

Where Else Has This Happened?

Cryptocurrency mining has paved the way for lots of sneaky behavior over the past few years. Recently, Chinese mining giant Bitmain was hit with a $5 million class-action suit by former customers that claim the company reconfigured its mining equipment to mine cryptocurrency using its clients’ computers without their permission. Whatever crypto the machines extract is then allegedly moved to one of Bitmain’s many digital wallets.

Over 100 Bitmain customers are now suing the company to cover their energy bills and legal fees.

Are we likely to see further vulnerabilities in the future? Why or why not? Let us know in the comments below.


Image courtesy of Shutterstock

The post Beware! Crypto Mining Software Can Be Used to Steal Corporate Secrets appeared first on Live Bitcoin News.

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Funds-Stealing NEO Node ‘Exploit’ Discovered by Chinese Tech Giant

Every cryptocurrency project is only as strong as its network. Service nodes play a major role of importance in this regard. For NEO, a project gaining a lot of attention lately, things are not looking too great. Researchers confirm the existence of a major bug which can allow criminals to steal wallet funds.


NEO Node Configuration Issue

Everyone running a cryptocurrency node needs to configure that setup accordingly. Relying on default settings is always akin to asking for trouble. This is a general rule of thumb in the world of software and technology. Owners of a NEO node may want to take special notice in this regard. The default setup can expose wallet funds to remote attacks.

This issue was discovered by Tencent’s security lab. The Chinese tech giant wants to help companies improve upon their existing security practices. Cryptocurrency network nodes provide critical services to a project. They relay transactions to miners and maintain individual distributed copies of the ledger. Having such a node open to remote attacks is never a positive development. Having such a vulnerability as part of the default setup certainly raises questions.

Addressing this problem is not all that challenging. Users can perform several steps to ensure their funds remain safe from harm at all times. Tencent’s security lab advises users to not utilize the remote RPC function at all. It is this particular function which allows for remote access. Sadly, that can also be explored by those with less than honest intentions at this time. To date, it remains unclear if anyone lost money because of this “exploit”.

NEO Node Configuration Issue

Taking Matters Into One’s Own Hands

This NEO node issue further illustrates cryptocurrency users need to remain on their toes. It is commendable to see more users spin up a network node as of late. This further helps to decentralize the NEO ecosystem as a whole. When issues like these become public, however, one has to wonder how many nodes may have been susceptible to such remote attacks.

Surprisingly, at least at the time of this writing, it seems this news doesn’t disrupt the market valuation of NEO that much. Cryptocurrency users have grown somewhat numb to announcements like these. Over the years, numerous bugs, hacks, and thefts have occurred across different projects. This node-related news, while extremely worrisome, doesn’t seem to faze too many people right now. It remains pertinent for users to monitor their node closely and make changes accordingly.

A default setup is never the end solution. It makes it easier to get involved in the NEO ecosystem. However, there are different settings to tweak at all times. Additionally, software needs to be kept up-to-date at all times. This example illustrates how being part of a cryptocurrency project requires constant work. That is a small price to pay for being in charge of one’s finances at all times.

Do you think that the “exploit” warrants more of a response? What does it say about the current market that there wasn’t one? Let us know in the comments below.


Images courtesy of Shutterstock, AdobeStock

The post Funds-Stealing NEO Node ‘Exploit’ Discovered by Chinese Tech Giant appeared first on Live Bitcoin News.

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KuCoin Blockchain Asset Exchange Lists Gram Gold Coin Collaboration’s GGC Token

KuCoin blockchain asset is proudly announcing the listing of Gram Gold Coin Collaboration’s GGC today. Deposits are now available with trading pairs including GGC/BTC and GGC/USDT.


All transactions are accessed utilizing KuCoin’s official website or to their mobile app for iOS and Android. Schedules are as follows:

  • GGC Buying order: 15:30 November 30, 2018 (UTC+8)
  • GGC Selling order: 16:00 November 30, 2018 (UTC+8)
  • GGC Withdrawal: 18:00 November 30, 2018 (UTC+8)

About Gram Gold Coin Collaboration (GGC)

Gram Gold Coin Collaboration maintains and distributes the GGC through the application of gold bullion with the blockchain as a transaction platform. GGCC intends to integrate product design, interest alignment, and market dynamics to develop GGC’s acknowledgment by all market members as a base digital token for financing, payment, trade, and value preservation that most fiat money and crypto assets cannot produce due to the constraints they face.

What is GGC?

A GGC is backed by 1 gram of Gold as the value and is transacted within the blockchain so that the gold price maintains its smallest value and secondary transactions can be sent out with a high level of efficiency, confidentiality, and safety. GGCC will distinctly issue different token called GramGold Eco (“GGE”). GramGold Eco will be taken by members of the founder team, advisors and exchanges, who help to continue to retain the overall GramGold Ecosystem (the “Ecosystem”) of GGC and GGE alive.

Why do you need GGC?

The following diagram illustrates how GGC can seamlessly meet various needs in different worlds through its unique characteristics inherited from Precious Metal, Currency, Crypto, and Blockchain.

Defense of Inflation

GGC uses the “gold standard”, meaning that each GGC is minted only when the correct corresponding amount of gold bullion is held in reserve. The scarcity of physical gold will effectively limit devaluation as compared to the devaluation issues that fiat money faces currently.

Ultimate Haven

Although gold is no longer the foundation of the international monetary system, its status as a bastion of stability has endured, a role which has become increasingly important in today’s unpredictable environment. Over the years, gold’s reputation for safety and durability has made it a mainstay for investors seeking to safeguard the long-term value of their capital.

Portfolio Diversification

Harry Markovitz is well known for his “Modern Portfolio Theory,” which is the formula that says that systematic risk cannot be varied away as it is a risk for the entire market. Still, purchasing gold as a hedge against crises can be viewed as a hedge against this type of threat. During extreme conditions, gold tends to soar while other assets make a downturn.


Images courtesy of KuCoin

The post KuCoin Blockchain Asset Exchange Lists Gram Gold Coin Collaboration’s GGC Token appeared first on Live Bitcoin News.

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