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Choosing Between Gold Coins and Bars: What’s Best for You?
Unsure whether to invest in gold coins or bars? 24 Gold Group Ltd’s blog breaks down the pros and cons of each, helping you decide which is better suited to your investment goals. Discover how factors like storage, liquidity, and resale value differ between coins and bars. Click to explore smart gold investment options today!
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An Ode to Payphones
“Mommy, what’s that?” I looked. A child was glaring suspiciously at the payphone I’d been using moments before. He looked to be six or seven-years old, so it shouldn’t have been surprising that he’d never seen or noticed a public telephone before, but still. The question, and the palpable disgust in his voice, made me feel old. “That’s a payphone, honey.” “What’s it for?” The mother cast an apprehensive look my way. We were on the platform at Spadina station and she’d seen me on the phone, plugging my ear against the shattering noise of a subway pulling in, making arrangements to meet my heroin dealer John at our usual spot at Main and Danforth. I would have to call him again when I got there, either from one of the four payphones inside Main Street station or on one of the two phones outside the church at Danforth. The phones inside Main Station must have all been routed through one line, because they either all worked, or none did.
As for the two phones outside the church at Main and Danforth, typically one was broken, but they both worked when I went to check them for this article, a miracle perhaps attributable to the Second Coming of Christ on the roof.
There have been long spells throughout my life as an addict during which I’ve had no mobile phone. Every spare cent went to heroin. The longest such spell was nearly a year. Several spanned three or four months. So it’s safe to say I know the payphones of Toronto as well as anybody else. One of my old heroin dealers lived near Roncesvalles and Howard Park, where a non-Bell phone sat outside the Meridian Bank on the northeast corner, crooked and somehow wounded looking.
There’s no trace of it now, but I know there used to be one just north, on the other side of the street where Dundas splits eastward from Roncesvalles. I used to use it all the time. Luckily, there’s another one not twenty steps east, a Bell, just outside the bus stop east of the Starbucks at Dundas and Roncesvalles. I’ve fed that phone a lot of Loonies, cursing its curious inability to recognize nickels or dimes.
My Roncesvalles dealer was notoriously unreliable, so I often found myself having to take the College car all the way across the city to its eastern terminus at Main Station. While waiting on that corner for John I would commiserate with my fellow drug users, many of whom lacked phones themselves. The most popular complaint I heard was how hard it was getting to find a public phone. Apparently some neighbourhoods in Toronto are payphone deserts. You can walk for twenty minutes in any direction and not find one. So I’m going to see how many phones there are within a five minute radius of my apartment. My guess would be at least eight. Maybe ten. I’m about to get evicted, but I’ve lived in Kensington Market at Nassau and Bellevue since February 2017, which is a veritable payphone oasis. It’s too cold to go out tonight, so I’m going to take a virtual tour of my neighbourhood and take screenshots of every phone I find from Google Street View. Yes, the photos look pretty lo-fi but my whole life is lo-fi, so sue me. Here’s a no-name one just north of Dundas on Bathurst:
Here’s one just south of Oxford on Augusta:
There are two Bell phones just outside Nirvana, across from Sneaky Dee’s:
There’s one outside the church one block east of Bathurst at Lippincot and College:
Here’s another no-name phone one block west of Spadina on the south side of College:
And here’s a bank of payphones outside the internet cafe at Spadina and College:
All three of the above phones never work at the same time, and some days you’re lucky to find one operational. (Incidentally, if someone ever reads this post a century from now, or maybe I mean a decade, or maybe I mean reads this post at all, I wonder how quaint the term “payphones outside the internet cafe” will seem.) Here’s one more non-Bell phone, just to the west of the Scotiabank on the northwest corner of Dundas and Spadina. This phone has great personal significance for me, for a reason I can’t get into. Let’s just say I made a phone call on it during a very memorable moment in my life:
For those of you not counting, that’s ten phones all within a five minute walk of my apartment in Kensington. There are another three are in the lobby of Toronto Western Hospital, for thirteen total. Thirteen is a lot more than I expected. Especially in 2020. And I’m sure I’m missing a few. Maybe payphones aren’t as endangered as they seem. In fact, as I was taking the photograph at the top of this post, a woman came over to me and asked, “are you using the phone?” So they definitely still serve a purpose. They wouldn’t still be there if nobody was using them. A capitalist venture like Bell doesn’t keep phones around because the CEO is nostalgic. I’m kind of relieved at how many there still are, and how vital they still seem to be. Still, I have mixed feelings toward payphones. They annoy me, but I also like them for reasons I can’t explain. I like invisible infrastructure. Nobody notices payphones. Ask yourself where the nearest payphone is. Do you even know? They may be forgotten or disliked, but they’re dependable, standing tall at their lonely outposts through sleet and rain, day and night, as we cuddle up with our smartphones in the warmth of our homes. We’ve left payphones out in the cold and most of us don’t even miss them. I have a mobile phone now, but I still miss payphones. Or maybe I miss the days when they were a normal way to communicate, phone books slung around their waists, swinging on a chain. (Some time in the last decade, phone companies must have got tired of replacing the books nobody ever used and just got rid of them entirely. I guess they figured we could look up the numbers we need on...our mobile phones?) Yes, there’s a definite note of nostalgia among people who still use payphones. We’re all bitter about the great price jump of 2007, when calls went from twenty-five cents to fifty, an increase of one-hundred percent. If you’re of my generation, old enough to remember life before the internet, then you know that payphones are sad remainders of the technology we grew up with, a visible reminder of the 90s. It’s my firm belief that everybody suffers from chronic temporal sickness for the decade they grew up in. I can imagine a day when they only exist in museums and photographs. Maybe I’ll go to watch the last phone get decommissioned. Maybe I’ll only love payphones once I can never use one again, like the Once-ler becoming an environmentalist only after hearing the “thwack” that felled the last Truffula tree in Dr. Suess’ The Lorax. I feel this way even though payphones are often more a hassle than a convenience. I once spent half an hour outside the Eaton Centre on Queen Street waiting for a woman to finish her conversation, only to find the phone broken when she finally hung up. Her wild gesticulations should have tipped me off that she’d been screaming at a phantom, but I was too dopesick to notice. There were and are other cons to payphone usage. It wasn’t always easy to come up with the necessary exact change. Or sometimes you’d have exact change but the phone wouldn’t recognize one of your coins. For whatever reason, payphones have a really hard time reading dimes. Many times I’ve had just enough to make one call but the phone won’t cooperate and I’ve had to throw myself at the mercy of a local convenience store owner or random bystander. Maybe “can I use your phone?” was an innocuous question back in the day, but nowadays people immediately suspect you for asking and they really, really do not want to loan you their phone. I don’t blame them. Our phones contain our entire lives. It’s not the same as handing someone a few quarters. Despite all the long list of cons, there remains among my fellow payphone users a keen sense of loss. We’re all grieving something indefinable, something that went away with the advent of mobile phones. And I’m not leading up to a gripe about “kids these days on their phones.” As an avid reader, I usually bury my nose in a book when I’m on transit, so I don’t beseech people to “live in the moment” when they’re sitting on a bus. Being a passenger on the TTC for the thousandth time isn’t something that requires one’s undivided attention. I only get annoyed when I see some guy – and it’s always a guy – staggering down the sidewalk with his eyes glued to his phone, walking into people. Or walking into traffic. The feelings of wistfulness among payphone users grows more acute as the years roll on and more and more public telephones are yanked from their moorings, never to return. The sense of loss sometimes manifests itself in the passing down of legend. When I first heard the story, it was that there exists somewhere in the city of Toronto a payphone that still makes calls for a quarter. I was convinced it was the one just east of University on Dundas, south side of the street, just east of the Royal Bank. It just looks so fucking furtive. Like it’s hiding from the tourist hordes at Yonge and Dundas square, tucked around that corner:
I went to check that phone for this article but it doesn’t work at all, much less for half price. In an apt game of telephone about telephones, the legend grew. Only a few months after I first heard the Legend of the Half-Price Payphone, the story had morphed into a unicorn payphone that makes calls for free. People were arguing over which one it could be, though admittedly nobody had ever found it. It was like the leprechaun’s pot of gold. “It’s the one outside the mall at Kingston and Midland. The one with the Scotiabank!” “Naw it’s the payphone at Warden Station! Next to the donut shop!” “It’s the one at Yonge and Charles!” “What? They took that one out before 9/11.” “It’s the one in Yorkdale near the GO Station!” “Seriously bro. Pre-9/11. You’re memory is fucked, bro.” “My cousin’s in the Hell’s Angels. He can sell you a burner for $5. Why use a payphone when you can get a…” “No one cares about your cousin, Dwight.” “Pre-9/11 bro. Seriously. Yonge and Charles? Christ!” And on and on and on, into the night. I have a mobile phone now and it’s hard to imagine I’ll ever go back. The final straw came when I had to go up to Muskoka one summer for four days to work on a cottage. I missed my partner so much by the third day that I walked up and down the length of the lake, looking for a payphone. I probably had a better chance of spotting a lion, but there was no way I was going back to that cottage without talking to my wife. I missed her too fucking much. At the end of the lake I spotted a house with the garage door wide open. Inside the garage there was a workbench, a fridge, and all sorts of tools. On a hunch, I quietly made my way up the gravel driveway. There wasn’t a human being in sight. Inside the garage, I spotted a wall-mounted phone, and called my wife. She didn’t answer but I left her a message. As I was leaving it I heard footsteps and before I could make myself scarce an elderly lady came around the corner and stared at me. She obviously lived there. “Um. I was just…leaving,” I said, hanging up the phone and sheepishly skipping back to the main road as fast as I could. The woman frowned after me, watching me go. A little further down the road I saw an electrician working on a house and asked to use his phone. He said yes and I finally got through to my wife. But I couldn’t talk long or say what I wanted to say because the electrician was staring at me, so I determined right there and then to get and keep a fucking phone of my own. And that’s what I did. I sometimes pay my bill late and find myself cast backward into the land of payphones and useless dimes, but for the most part I’ve joined the 21st century. As for that mother and her child, the mother did her best, to her credit. “Some people…can’t afford cell phones,” she informed her son, who looked bored already. “Or else they can’t get coverage on the subway, so they use one of these. Or in emergencies, they work for emergencies.” “What kind of person can’t afford a phone?” the child brayed incredulously. The mother looked embarrassed. I wasn’t. Let her stupid kid hate payphones and poor people. Most people do. I rarely use payphones now but I still get a small shiver of curiosity when I pass one I haven’t seen before, wondering if it’s the legendary free one. The unicorn. The white whale of public telephones. So I check. And I hear “please insert fifty cents” from the robotic lady voice that rules payphone land. Then I move on.
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Find Gold Coin Dealers Online in Canada
When you need to buy gold in Canada, the best place to start looking for the best price and service is on the Internet. You can find a number of websites that offer you this service. The nice thing about the Internet is that it provides you with a wide array of companies to choose from. The problem is that not all of these companies are as good as they promise.
There are websites out there that will tell you that they will give you the best price and will search for the best places for you. The problem is that they may not know what they are talking about.
When you are looking for a dealer to work with you want to make sure that you find the best one for you. Finding a company that works with Canadian investors requires that you use caution. There are some companies that have done business with questionable individuals.
The best way to make sure that you are working with a company that is trustworthy is to look at their credentials and to check with the government if they are a licensed dealer in your province.
To begin searching for a company that will help you buy now and sell gold in Canada, you will want to check the websites of accredited banks. Some of the bigger banks such as Scotiabank, and the Royal Bank of Canada have offices that are located all over the country. You will want to check the website of each one of these banks and see if you can find a website address that will provide you with a phone number.
Call each company and ask how they can help you with buying and selling gold bullion coins in Canada. Each dealer will be different so it is important to call them all and find out what they will do for you.
Once you find a few companies that you like you will want to check them out by calling them up and speaking with someone about their services. It is important to make sure that the gold dealers that you speak with are legit and that they will provide you with the kind of service that you are looking for.
There are many gold dealers out there but you should be on the lookout for a few things to make sure that the one that you go with has a good reputation. This way you will know that the company is trusted and has a good track record.
When it comes to buying and selling gold bullion coins in Canada it is important to have an idea of the price of gold right now. Go online and check out some of the financial calculators that are available to see what the value of your gold bullion coins should be at any given time.
If you ever decide to sell your gold in Canada, it is important that you keep track of the value of the coin that you are buying so that you will know how much you are going to get paid for it. Go online often and check the prices of gold in this country so that you will always know where to look when it comes time to sell your precious metals.
There are a number of different ways to buy and sell gold in Canada. However, there are many factors that you need to keep in mind if you want to make sure that you are getting the best price possible.
Gold coin dealers are one of the most important things that you should keep track of because they are the ones dealing with buyers and sellers both online and offline. Do your homework and make sure that the one you choose to deal with is one that you can trust.
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CRYPTO NEWS: Latest BITCOIN News, CHAINLINK News, ETHEREUM News.
CRYPTO NEWS: Latest BITCOIN News, CHAINLINK News, ETHEREUM News Most of the cryptocurrencies from the top 10 of the CoinMarketCap resource capitalization ranking end the week with positive movement. Bitcoin is trading at $ 11.5k. During the day, the asset rate has grown by more than 1%. The best result of positive movement was recorded by Chainlink – 5%. Binance Coin suffered the most over the past day, its price fell by 1%.
Chinese miners began to disconnect from cheap electricity Miners from Inner Mongolia have lost access to subsidies.
More than 20 Chinese mining farms in the Chinese Autonomous Region of Inner Mongolia have lost their sources of preferential electricity due to a new government decree. Information about this appeared in the local media. Due to the loss of subsidies, the cost of mining for the affected organizations has increased significantly. As a result, the mining of cryptocurrency in the region has become significantly less profitable. Chinese miners without subsidies
US Department of Justice asked court to seize cryptocurrency from wallets of North Korean hackers The wallets indicated in the lawsuit, according to the Ministry, participated in the laundering of money obtained by illegal means.
The wallets mentioned in the lawsuit allegedly participated in money laundering, which hackers took possession of during two attacks that occurred in 2019. The first attack took place in July: criminals then stole more than $ 272 thousand in such little-known altokines as Olive,
Wirecard accounts for € 26 million – the company owes creditors € 3.2 billion Wirecard on its own is able to close only 1% of debt to creditors.
Wirecard bankruptcy administrator Michael Jaffe has filed a preliminary insolvency report for the German fintech company with the Munich District Court. According to the Handelsblatt newspaper, while Wirecard owes its creditors € 3.2 billion, it has only € 26 million in its accounts. In his report, Jaffe paints a truly frightening picture: Wirecard has virtually no cash of its own, no short-term assets, and no receivables to sell. Wirecard can cover 1% of debt
Bitcoin undervalued 45 times – Winklevoss Capital The Winklevoss Capital team believes that Bitcoin will gobble up gold and provide the only long-term inflation hedge.
Gemini Exchange co-founder and CEO, Tyler Winklevoss, has released a report that includes a statement on the future value of Bitcoin at $ 500,000. The report, released by Winklevoss Capital, begins by explaining that gold, oil and the US dollar have been reliable store of value. However, times are changing and they are no longer as reliable as they used to be. Hence, Bitcoin is ultimately the only long-term inflation hedge. Opinion: the future of bitcoin
Crypto.com Pay Now allows CRO payments from any ERC-20 wallet This will allow merchants to expand their reach to 30 million crypto wallets.
Crypto.com announced that Crypto.com Pay – the company’s payment solution for online merchants – will now support CRO payments from any ERC-20 wallet. This evolution of Crypto.com Pay will help merchants expand their reach by giving customers more wallet options to conduct CROs and increase transaction volume. Crypto.com Pay supports CRO payments
Voyager Digital Announces Expansion of Crypto Interest Program New Higher Interest Rates For USDC, Bitcoin And Ethereum
Voyager Digital Ltd., announced the expansion of its Crypto Interest Program, making it the leading cryptocurrency agency for trading and gaining interest in a wide variety of countries. Recently announced interest rates put Voyager at the top of the market for the three most liquid coins: BTC, ETH, and USDC.
Japanese financial giant SBI Holdings launches short-term cryptocurrency derivatives The contracts already in existence on its SBI FX Trade forex trading platform are in Bitcoin, Ether and XRP variants.
The firm said in a statement on Friday that traders can mix cryptoassets with both the US dollar and the yen, which means there are six CFD options in total. Orders can be placed from 15 yen up to a maximum open position of 500 bitcoins for the BTC / JPY pair.
Banks in Mexico pose a greater risk of money laundering than crypto firms, says report Commercial banks pose the highest money laundering risk in Mexico compared to cryptocurrency companies.
The study singles out the so-called G7 banking group, which includes BBVA, Santander, Citibanamex, Banorte, HSBC, Scotiabank and Inbursa, as the largest illegal money channels in the South American country. The G7 Banking Group controls 80% of the assets of Mexico’s financial sector. However, Mexico’s second National Risk Assessment did not report on potential money laundering losses associated with banks. Money laundering by banks in Mexico
VIDEO TRANSCRIPT
COMING SOON!
source https://www.cryptosharks.net/crypto-news-latest-bitcoin-news-chainlink-news-ethereum-news/ source https://cryptosharks1.tumblr.com/post/627832925708320768
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CRYPTO NEWS: Latest BITCOIN News, CHAINLINK News, ETHEREUM News.
CRYPTO NEWS: Latest BITCOIN News, CHAINLINK News, ETHEREUM News Most of the cryptocurrencies from the top 10 of the CoinMarketCap resource capitalization ranking end the week with positive movement. Bitcoin is trading at $ 11.5k. During the day, the asset rate has grown by more than 1%. The best result of positive movement was recorded by Chainlink – 5%. Binance Coin suffered the most over the past day, its price fell by 1%.
Chinese miners began to disconnect from cheap electricity Miners from Inner Mongolia have lost access to subsidies.
More than 20 Chinese mining farms in the Chinese Autonomous Region of Inner Mongolia have lost their sources of preferential electricity due to a new government decree. Information about this appeared in the local media. Due to the loss of subsidies, the cost of mining for the affected organizations has increased significantly. As a result, the mining of cryptocurrency in the region has become significantly less profitable. Chinese miners without subsidies
US Department of Justice asked court to seize cryptocurrency from wallets of North Korean hackers The wallets indicated in the lawsuit, according to the Ministry, participated in the laundering of money obtained by illegal means.
The wallets mentioned in the lawsuit allegedly participated in money laundering, which hackers took possession of during two attacks that occurred in 2019. The first attack took place in July: criminals then stole more than $ 272 thousand in such little-known altokines as Olive,
Wirecard accounts for € 26 million – the company owes creditors € 3.2 billion Wirecard on its own is able to close only 1% of debt to creditors.
Wirecard bankruptcy administrator Michael Jaffe has filed a preliminary insolvency report for the German fintech company with the Munich District Court. According to the Handelsblatt newspaper, while Wirecard owes its creditors € 3.2 billion, it has only € 26 million in its accounts. In his report, Jaffe paints a truly frightening picture: Wirecard has virtually no cash of its own, no short-term assets, and no receivables to sell. Wirecard can cover 1% of debt
Bitcoin undervalued 45 times – Winklevoss Capital The Winklevoss Capital team believes that Bitcoin will gobble up gold and provide the only long-term inflation hedge.
Gemini Exchange co-founder and CEO, Tyler Winklevoss, has released a report that includes a statement on the future value of Bitcoin at $ 500,000. The report, released by Winklevoss Capital, begins by explaining that gold, oil and the US dollar have been reliable store of value. However, times are changing and they are no longer as reliable as they used to be. Hence, Bitcoin is ultimately the only long-term inflation hedge. Opinion: the future of bitcoin
Crypto.com Pay Now allows CRO payments from any ERC-20 wallet This will allow merchants to expand their reach to 30 million crypto wallets.
Crypto.com announced that Crypto.com Pay – the company’s payment solution for online merchants – will now support CRO payments from any ERC-20 wallet. This evolution of Crypto.com Pay will help merchants expand their reach by giving customers more wallet options to conduct CROs and increase transaction volume. Crypto.com Pay supports CRO payments
Voyager Digital Announces Expansion of Crypto Interest Program New Higher Interest Rates For USDC, Bitcoin And Ethereum
Voyager Digital Ltd., announced the expansion of its Crypto Interest Program, making it the leading cryptocurrency agency for trading and gaining interest in a wide variety of countries. Recently announced interest rates put Voyager at the top of the market for the three most liquid coins: BTC, ETH, and USDC.
Japanese financial giant SBI Holdings launches short-term cryptocurrency derivatives The contracts already in existence on its SBI FX Trade forex trading platform are in Bitcoin, Ether and XRP variants.
The firm said in a statement on Friday that traders can mix cryptoassets with both the US dollar and the yen, which means there are six CFD options in total. Orders can be placed from 15 yen up to a maximum open position of 500 bitcoins for the BTC / JPY pair.
Banks in Mexico pose a greater risk of money laundering than crypto firms, says report Commercial banks pose the highest money laundering risk in Mexico compared to cryptocurrency companies.
The study singles out the so-called G7 banking group, which includes BBVA, Santander, Citibanamex, Banorte, HSBC, Scotiabank and Inbursa, as the largest illegal money channels in the South American country. The G7 Banking Group controls 80% of the assets of Mexico’s financial sector. However, Mexico’s second National Risk Assessment did not report on potential money laundering losses associated with banks. Money laundering by banks in Mexico
VIDEO TRANSCRIPT
COMING SOON!
source https://www.cryptosharks.net/crypto-news-latest-bitcoin-news-chainlink-news-ethereum-news/
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CRYPTO NEWS: Latest BITCOIN News, CHAINLINK News, ETHEREUM News.
CRYPTO NEWS: Latest BITCOIN News, CHAINLINK News, ETHEREUM News Most of the cryptocurrencies from the top 10 of the CoinMarketCap resource capitalization ranking end the week with positive movement. Bitcoin is trading at $ 11.5k. During the day, the asset rate has grown by more than 1%. The best result of positive movement was recorded by Chainlink – 5%. Binance Coin suffered the most over the past day, its price fell by 1%.
Chinese miners began to disconnect from cheap electricity Miners from Inner Mongolia have lost access to subsidies.
More than 20 Chinese mining farms in the Chinese Autonomous Region of Inner Mongolia have lost their sources of preferential electricity due to a new government decree. Information about this appeared in the local media. Due to the loss of subsidies, the cost of mining for the affected organizations has increased significantly. As a result, the mining of cryptocurrency in the region has become significantly less profitable. Chinese miners without subsidies
US Department of Justice asked court to seize cryptocurrency from wallets of North Korean hackers The wallets indicated in the lawsuit, according to the Ministry, participated in the laundering of money obtained by illegal means.
The wallets mentioned in the lawsuit allegedly participated in money laundering, which hackers took possession of during two attacks that occurred in 2019. The first attack took place in July: criminals then stole more than $ 272 thousand in such little-known altokines as Olive,
Wirecard accounts for € 26 million – the company owes creditors € 3.2 billion Wirecard on its own is able to close only 1% of debt to creditors.
Wirecard bankruptcy administrator Michael Jaffe has filed a preliminary insolvency report for the German fintech company with the Munich District Court. According to the Handelsblatt newspaper, while Wirecard owes its creditors € 3.2 billion, it has only € 26 million in its accounts. In his report, Jaffe paints a truly frightening picture: Wirecard has virtually no cash of its own, no short-term assets, and no receivables to sell. Wirecard can cover 1% of debt
Bitcoin undervalued 45 times – Winklevoss Capital The Winklevoss Capital team believes that Bitcoin will gobble up gold and provide the only long-term inflation hedge.
Gemini Exchange co-founder and CEO, Tyler Winklevoss, has released a report that includes a statement on the future value of Bitcoin at $ 500,000. The report, released by Winklevoss Capital, begins by explaining that gold, oil and the US dollar have been reliable store of value. However, times are changing and they are no longer as reliable as they used to be. Hence, Bitcoin is ultimately the only long-term inflation hedge. Opinion: the future of bitcoin
Crypto.com Pay Now allows CRO payments from any ERC-20 wallet This will allow merchants to expand their reach to 30 million crypto wallets.
Crypto.com announced that Crypto.com Pay – the company’s payment solution for online merchants – will now support CRO payments from any ERC-20 wallet. This evolution of Crypto.com Pay will help merchants expand their reach by giving customers more wallet options to conduct CROs and increase transaction volume. Crypto.com Pay supports CRO payments
Voyager Digital Announces Expansion of Crypto Interest Program New Higher Interest Rates For USDC, Bitcoin And Ethereum
Voyager Digital Ltd., announced the expansion of its Crypto Interest Program, making it the leading cryptocurrency agency for trading and gaining interest in a wide variety of countries. Recently announced interest rates put Voyager at the top of the market for the three most liquid coins: BTC, ETH, and USDC.
Japanese financial giant SBI Holdings launches short-term cryptocurrency derivatives The contracts already in existence on its SBI FX Trade forex trading platform are in Bitcoin, Ether and XRP variants.
The firm said in a statement on Friday that traders can mix cryptoassets with both the US dollar and the yen, which means there are six CFD options in total. Orders can be placed from 15 yen up to a maximum open position of 500 bitcoins for the BTC / JPY pair.
Banks in Mexico pose a greater risk of money laundering than crypto firms, says report Commercial banks pose the highest money laundering risk in Mexico compared to cryptocurrency companies.
The study singles out the so-called G7 banking group, which includes BBVA, Santander, Citibanamex, Banorte, HSBC, Scotiabank and Inbursa, as the largest illegal money channels in the South American country. The G7 Banking Group controls 80% of the assets of Mexico’s financial sector. However, Mexico’s second National Risk Assessment did not report on potential money laundering losses associated with banks. Money laundering by banks in Mexico
VIDEO TRANSCRIPT
COMING SOON!
source https://www.cryptosharks.net/crypto-news-latest-bitcoin-news-chainlink-news-ethereum-news/ source https://cryptosharks1.blogspot.com/2020/08/crypto-news-latest-bitcoin-news.html
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Bitcoin On Track To Settle $1.38 Trillion in 2018, Surpassing Gold
According to the clearing statistics of the London bullion market (LBMA), five major clearing members of the LPMCL including HSBC, ICBC Standard Bank, JP Morgan, Scotiabank and UBS, the global gold over-the-counter (OTC) market is on track to settle $446 billion in 2018, having settled less than $30 billion on a monthly basis since January.
In contrast, based on the data provided by Coin Metrics, a cryptocurrency market data provider cited by Carter, the Bitcoin market has already processed $848 billion this year and is on track to surpass $1.38 trillion by the year’s end.
Given that LBMA account for at least 70 percent of the global gold OTC volume, at $848 billion, Bitcoin has already settled more value in the past eight months than the predicted settlement volume of the entire gold market in 2018.
Carter explained:
“I’m conservatively estimating the London OTC market for gold, overseen by the LBMA, at 70% of global volumes. They publish clearing statistics. With these I can estimate the total net volume of regulated gold settlement at $446b for 2018 (based on 6 months of data). Conservatively, (adjusted estimates), Bitcoin has settled $848b this year, and is on track to settle $1.38T. Bitcoin, it appears, has quietly surpassed the OTC gold market in settlement volumes.” https://www.ccn.com/despite-its-70-price-drop-bitcoin-surpassed-gold-in-settlement-volume/
#bitcoinanalysis#bitcoinresearch#bitcoinexperts#bitcoinnews#bitcoinpolicy#bitcoinresources#bitcoinregulations#bitcoin#bitcoinlaws#bitcoinvalue
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NEW YORK (Reuters) - Blockchain and cryptocurrency startup Paxos has raised $65 million from investors including venture capital firms RRE Ventures and Liberty City Ventures, the New York-based company said on Thursday.
Paxos will use the cash injection to expand its operations, which include providing blockchain-based services to financial institutions, as well as operating cryptocurrency exchange and custodian itBit, it said.
Private equity executive Jay Jordan, also participated in the investment, Paxos said.
-We will use the capital to help grow the business which is broadly our settlement business on the Paxos side and the crypto asset exchange and custodian on the itBit side," Chief Executive Charles Cascarilla said.
Founded in 2012 as bitcoin exchange itBit, the company later rebranded to Paxos and pivoted into a business focused on providing services using blockchain, the technology underpinning virtual coins.
Most recently it has sought to revive the cryptocurrency side of its business, in a bid to take advantage of an explosion in crypto-trading sparked by a rally in the price of tokens.
-We have been pouring a lot of resources into it for the past nine months," Cascarilla said, adding that the company was planning to launch more products.
Paxos holds a trust company charter in the state of New York, giving it many of the same privileges as a bank including the ability to take custody of mainstream financial assets.
That same ability can give it a competitive advantage, Cascarilla said.
In June 2016 Paxos announced a joint venture with Belgium-based settlement provider Euroclear to develop a blockchain-based system to settle gold.
The bullion joint venture was dissolved in 2017, but Paxos has continued to develop and test the system with financial institutions, Cascarilla said. He declined to provide the name of the firms.
The joint venture with Euroclear had been tested with at least 16 London gold market participants, including Citigroup Inc (C.N), Societe Generale (SOGN.PA), Scotiabank and INTL FCStone Inc (INTL.O).
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1 Oz Gold Coin Scotiabank in Canada | Canada gold coin
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Blockchain and cryptocurrency startup Paxos raises $65 million
NEW YORK (Reuters) – Blockchain and cryptocurrency startup Paxos has raised $65 million from investors including venture capital firms RRE Ventures and Liberty City Ventures, the New York-based company said on Thursday.
Paxos will use the cash injection to expand its operations, which include providing blockchain-based services to financial institutions, as well as operating cryptocurrency exchange and custodian itBit, it said.
Private equity executive Jay Jordan, also participated in the investment, Paxos said.
“We will use the capital to help grow the business which is broadly our settlement business on the Paxos side and the crypto asset exchange and custodian on the itBit side,” Chief Executive Charles Cascarilla said.
Founded in 2012 as bitcoin exchange itBit, the company later rebranded to Paxos and pivoted into a business focused on providing services using blockchain, the technology underpinning virtual coins.
Most recently it has sought to revive the cryptocurrency side of its business, in a bid to take advantage of an explosion in crypto-trading sparked by a rally in the price of tokens.
“We have been pouring a lot of resources into it for the past nine months,” Cascarilla said, adding that the company was planning to launch more products.
Paxos holds a trust company charter in the state of New York, giving it many of the same privileges as a bank including the ability to take custody of mainstream financial assets.
That same ability can give it a competitive advantage, Cascarilla said.
In June 2016 Paxos announced a joint venture with Belgium-based settlement provider Euroclear to develop a blockchain-based system to settle gold.
The bullion joint venture was dissolved in 2017, but Paxos has continued to develop and test the system with financial institutions, Cascarilla said. He declined to provide the name of the firms.
The joint venture with Euroclear had been tested with at least 16 London gold market participants, including Citigroup Inc (C.N), Societe Generale (SOGN.PA), Scotiabank and INTL FCStone Inc (INTL.O).
Reporting by Anna Irrera; Editing by Tom Brown
The post Blockchain and cryptocurrency startup Paxos raises $65 million appeared first on World The News.
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