Home / Business / Bitcoin (BTC) Push to Overthrow Gold Goes Viral – Plus Ripple and XRP, Ethereum, Litecoin, Stellar, Tron, EOS, Cardano

Bitcoin (BTC) Push to Overthrow Gold Goes Viral – Plus Ripple and XRP, Ethereum, Litecoin, Stellar, Tron, EOS, Cardano



From a unique idea of ​​how Bitcoin stacks up against gold to Litecoin progress in early 2019, here is a look at some stories that break in the cryptos world.

Bitcoin

A comparison that highlights how Bitcoin could beat gold as a leading store of value goes viral on reddit. The picture shot to the top of r / Bitcoin and shows how $ 1.6 billion in physical gold bars stacks up to $ 1.6 billion in BTC – stored in a small hardware wallet.

Source: Reddit

The contrast emphasizes some of the greatest strengths of cryptocurrency: The power to really keep your own assets instead of relying on a bank for storage, and the ability to move capital anywhere in the world at a glance, without need armored trucks or middlemen.

In January, Venezuela challenged leader Nicolas Maduro was blocked from pulling $ 1.2 billion in gold out of the Bank of England, reports Bloomberg, who quoted people familiar with the issue.

"Bank of England's decision to deny the Maduro officials' revocation request comes after the top US officials, including Secretary of State Michael Pompeo and National Security Adviser John Bolton, lobbied their British counterparts to help cut the regime from their overseas assets, according to a of the people who asked not to be identified …

The Bank of England refused to comment on its handling of Venezuelan assets and said it "provides banking services – including gold storage services – to a large number of customers" and "does not comment on any of these relationships. ""

The debate about whether Bitcoin can boast gold in the long term is as lively as ever. Crypto investment titan Mike Novogratz recently said he believes BTC can easily exceed the gold market price of $ 7.5 billion.

Ethereum

The latest issue of EthHub Weekly is out and covering all things Ethereum.

The new post looks at developments on Ethereum 2.0 and a number of Ethereum-based platforms, including Loom Network, Dharma, Maker and Kyber Network.

Ripple and XRP

Brazilian Payment Starts BeeTech Global reveals how it currently uses Ripple's cross-payment solution [x] Current to forward savings to its customers.

In a new post, the company says it uses the technology for power transmission in the euro area and plans to expand its use to the US and Canada.

Rumors that BeeTech is exploring Ripple's XRP-powered xRapid has remained for several months, but so far, the company has not made an official statement if it plans to test the technology.

Litecoin

Litecoin Foundation has released a new update on YouTube. The video covers Litecoin's latest price action, rising hash rate and new adoption.

EOS

The creator of EOS, Block.one, explores the future of private key management. In a new post on Medium, the company highlights the weaknesses of traditional passwords and looks at new solutions offered by blockchain technology.

Stellar

Crypto sleuths on Twitter says crypto debit card company Wirex plays a role in running the Stellar network. The company appears to run three Stellar validators, with the first being shown at the end of March.

Tron

] Tron's latest weekly report is out. The new edition covers the platform's work with the Sun Network Scaling solution, the latest on BitTorrent Token (BTT) and more.

Cardano

Cardano creator Charles Hoskinson just released a new question-me-something on YouTube. Hoskinson offers his thoughts on the latest IOHK summit and the future of the smart contract platform.

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