Purplish pink diamond hits record $ 26.6 million

Pink Diamond, The Spirit of the Rose

Purplish pink diamond hits record $ 26.6 million The “Spirit of the Rose” diamond, in Geneva on November 6, 2020 The price of some of the largest pink rough diamond ever discovered in Russia has unsurprisingly skyrocketed. An exceptional pink stone, from this rough diamond, was auctioned for $ 26.6 million commission included Wednesday evening in Geneva by Sotheby’s. However, the record could have gone even further. The auction house had previously estimated it between 23 and 38 million dollars. Named “The Spirit of the Rose” after the famous Ballets…

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Tether

Tether

Tether Tether is a controversial cryptocurrency with tokens issued by Tether Limited. It formerly claimed that each token was backed by one United States dollar, but on 14 March 2019 changed the backing to include loans to affiliate companies. The Bitfinex exchange was accused by the New York Attorney General of using Tether’s funds to cover up $850 million in funds missing since mid-2018. Tether is called a stablecoin because it was originally designed to always be worth $1.00, maintaining $1.00 in reserves for each tether issued. Nevertheless, Tether Limited…

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Initiative Q

Initiative Q

Initiative Q Initiative Q is still in its early days, and there is a long way to go before all your Qs could be used at around one USD per Q. Initiative Q’s roadmap is based on a series of steps towards widespread use of the Q currency. Each step is designed such that participants will view its fulfillment as a rational decision, given completion of the previous steps and the Q incentives they receive. Still, this roadmap carries many risks and challenges, and there is no guarantee that any…

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Bakkt Platform

bakkt_bitcoin

Cryptocurrency markets go their own way, we see bull and bear markets. But what matters is that the number of daily transactions for all cryptocurrencies is up year over year Bakkt is designed Bakkt is designed to enable consumers and institutions to seamlessly buy, sell, store and spend digital assets. Formed with the purpose of bringing trust, efficiency and commerce to digital assets, Bakkt seeks to develop open technology to connect existing market and merchant infrastructure to the blockchain. The Intercontinental Exchange earlier this month launched Bakkt, an open, seamless…

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Understanding How Gold Prices Are Determined

gold, altin

Understanding How Gold Prices Are Determined Paper currencies have come and gone through the ages but gold has always maintained its value. While cultures have cherished gold for its beauty and viewed it as a symbol of wealth, investors today buy gold to diversify their portfolios, as a hedge against inflation, and for protection against currency devaluation. It’s widely accepted that gold is a good investment, but less is known about how gold prices are determined and what affects the daily price of gold. Value of the U.S. Dollar The…

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The History of the Dollar

dollar history

The History of the Dollar From Thalers to Dollars The history of the dollar is a story involving many countries in different continents. The word dollar is much older than the American unit of currency. It is an Anglicised form of “thaler”, (pronounced taler, with a long “a”), the name given to coins first minted in 1519 from locally mined silver in Joachimsthal in Bohemia. (Today the town of Joachimsthal lies within the borders of the Czech republic and its Czech name is Jáchymov). Thaler is a shortened form of…

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Bitcoin Declared Sharia Compliant, Opening Crypto Markets to Islamic Finance

halal coin

Bitcoin Declared Sharia Compliant, Opening Crypto Markets to Islamic Finance “The use of any lawful thing for an unlawful purpose can not make the thing itself unlawful.” So concludes Indonesia’s Blossom finance, ending a debate in the Islamic world and perhaps even more widely. A couple of Sheiks had previously argued that bitcoin is not sharia compliant because it can be used by criminals, or, echoing general criticisms, because it is volatile, but Matthew J. Martin, CEO of Blossom Finance, says: “Rulings by Islamic scholars that claim Bitcoin is not…

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$150,000 USD in Ethereum Stolen in MyEtherWallet Hack

myetherwallet com

$150,000 USD in Ethereum Stolen in MyEtherWallet Hack For two hours yesterday, April 24th, 2018, hackers diverted visitors of MyEtherWallet.com, accessing user accounts and stealing approximately 215 ether. MyEtherWallet warned users on Reddit and Twitter as soon as the hack was identified. But, this left a couple of hours where users of the wallet attempting to visit the MyEtherWallet.com website were redirected to a “spoof” or phishing site controlled by the hackers. The hack employed the “decade-old” technique of redirecting Domain Name Servers (DNS) rather than a hack to, or…

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Nasdaq is open to becoming cryptocurrency exchange, CEO says

nasdaq cryptocurrency exchange

Nasdaq is open to becoming cryptocurrency exchange, CEO says – Once the regulation is smoothed out and the space “matures”, Nasdaq would consider becoming a digital currency exchange, the company’s CEO says. – “Certainly Nasdaq would consider becoming a crypto exchange over time,” Nasdaq CEO Adena Friedman says. – In the meantime, Nasdaq is supporting existing crypto exchanges, and announced a technology deal with Gemini Wednesday. Once the space matures, Nasdaq is open to becoming a platform for trading cryptocurrencies like bitcoin, according to the company’s CEO. “Certainly Nasdaq would…

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Earn Free Cryptocurrency

free digital currency

Claim Daily – Never miss a single day for bigger bonus Earn Cryptocurrency Buying, mining or minting is not the only way to earn cryptocurrency these days. There is different earning programs out there that let you watch videos, play games, download apps, answer surveys and visit websites to earn many different kinds of cryptocurrencies. If your computer is to slow to mine your favorite cryptocurrency or you find the task of building a mining rig too daunting. Then completing tasks for earning programs is a perfect way to earn…

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New York’s attorney general is investigating bitcoin exchanges

New York Attorney General Eric Schneiderman

New York’s attorney general is investigating bitcoin exchanges New York Attorney General Eric Schneiderman launched an investigation into bitcoin exchanges today, his office announced. He’s looking into thirteen major exchanges, including Coinbase, Gemini Trust, and Bitfinex, requesting information on their operations and what measures they have in place to protect consumers. “Too often, consumers don’t have the basic facts they need to assess the fairness, integrity, and security of these trading platforms,” Schneiderman said in a statement. His office sent detailed questionnaires to the thirteen exchanges, asking them to disclose…

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Billionaire banking heir Matthew Mellon dies

Matthew Mellon

Billionaire banking heir Matthew Mellon dies in rehab, aged 54 Matthew Mellon, the billionaire banking heir and cryptocurrency investor whose British ex-wife founded Jimmy Choo, has died at a drug rehabilitation centre in Mexico. The 54-year-old socialite was a descendant of two of America’s great banking dynasties and had faced a lengthy battle with drug addiction. Mr Mellon “died suddenly in Cancun, Mexico, where he was attending a drug rehabilitation facility”, family representative on Tuesday. The serial entrepreneur inherited $25 million (£17 million) when he turned 21 – the first of 14…

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