Cryptocurrency news on Today May, 23rd
Bitcoin celebrated another Pizza Day
Litecoin May Face Privacy Side Effects
Goldman Sachs looks at gold and bitcoin amid inflation
International consortium news organizations, developing transparency standards.
In the face of endless typing of money the advantages of bitcoin were not noticed only supporters of cryptocurrencies. Goldman Sachs – one of the largest banks by market capitalization – considers it on par with gold. The industry has celebrated another Pizza Day – a landmark event when was the first real purchase for cryptocurrency. Litecoin founder Charlie Lee admits privacy boost could come out project sideways.
ABOUT Tom, how are things on cryptocurrency market, as well as about the key events that took place in the cryptocurrency industry over the past day, read in our daily digest.
Goldman Sachs Will Discuss Gold And … bitcoin
The bank’s investors received an invitation to the conference which invited to discuss current economic forecasts as well as the impact monetary inflation policies, gold and bitcoin. About this tweeted Mike Dudas, founder The Block. it already fifteenth conference at theme macroeconomics and financial trends, and will take place on May 27 at 10:30 am ET time (18:30 Moscow time). The conference will be hosted by Sharmin Mossawar-Rami, Director of Investment at Goldman, and Jason Furman, Professor of Economics at Harvard Business School. Kennedy and Ian Hatzius, chief economist and head of global research at Goldman Sachs. More details
Overstock Sees Technological Breakthrough in COVID-19 Immunity Passport on Blockchain
Blockchain can become a disruptive technology, if him use for creation of so-called “passports of immunity” to the coronavirus COVID-19, considers new chapter online retailer Overstock Jonathan Johnson. In an interview with PYMNTS.com, Johnson stated, what is planning to use blockchain to create private consumer-controlled “passports of immunity” that will allow customers and businesses to feel comfortable in the current environment. More details
Privacy feature for Litecoin may have risks, admits Charlie Lee
The new functionality of the Litecoin cryptocurrency can increase privacy, but there are also downsides to such an expansion, the head admits cryptocurrencies. The Mimblewimble (MW) extension under development for the Litecoin cryptocurrency may have a side effect as well. In an interview with YouTube channel Rice Crypto, cryptocurrency founder Charlie Lee admitted that the original use of Litecoin after implementing MimbleWimble will be “Embarrassing”. More details
Ripple has a big problem – inflation
Ripple cryptocurrency is characterized by inflation at the level above 20%. it the highest rate among the top 10 cryptocurrencies, and this can significantly affect course XRP. In the past year Ripple turned out to be one of the main outsiders among the top ten cryptocurrencies in the world. Generally XRP sagged now 95% of his a record high in early 2018. Some experts believe, such pressure on currency may be associated with regular and everything more increasing injections on market big quantity new XRP coins. More details
Bitcoin and gold are not the best assets to invest
This is the opinion of Peter Malluk, president and chief investment officer at company Asset Management Creative Planning. By opinion expert, the coronavirus epidemic showed that both asset are too volatile. Therefore, the best choice would be to invest in government valuable paper. More details
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