Why do we value gold?

periodic table, gold, altın

Why do we value gold? Mankind’s attitude to gold is bizarre. Chemically, it is uninteresting – it barely reacts with any other element. Yet, of all the 118 elements in the periodic table, gold is the one we humans have always tended to choose to use as currency. Why? Why not osmium or chromium, or helium, say – or maybe seaborgium? I’m not the first to ask the question, but I like to think I’m asking it in one of the most compelling locations possible – the extraordinary exhibition of…

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Cryptocoin Mining

crypto mining

What is mining? Mining is the process of adding transaction records to Bitcoin’s public ledger of past transactions (and a “mining rig” is a colloquial metaphor for a single computer system that performs the necessary computations for “mining”). This ledger of past transactions is called the block chain as it is a chain of blocks. The block chain serves to confirm transactions to the rest of the network as having taken place. Bitcoin nodes use the block chain to distinguish legitimate Bitcoin transactions from attempts to re-spend coins that have…

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Pearl Gemstone Information

pearl, inci

About Pearls – History and Introduction Pearls are organic gemstones that are formed by shelled molluscs; mainly bivalved oysters and mussels. Pearls are made up of nacre (mother-of-pearl) which is mostly aragonite (calcium carbonate) and conchiolin (complex proteins that form mollusc shells). The aragonite microcrystals build up around an irritant. The name “pearl” is said to have originated from the Middle English word “perle”, which in turn came from the Latin word “perna”, meaning “leg”, thought to be due to the ham-leg shape of the bivalve mollusc. Natural pearls are…

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Bitcoin could be come to Facebook

bitcoin, facebook, mark zuckerberg

Bitcoin could be come to Facebook The technology powering bitcoin could help improve Facebook in the future, Mark Zuckerberg has said. As part of a commitment to help fix the site over 2018, its founder said that he would look into the use of new technology to stop it being quite so centralised. One of those technologies is bitcoin, he said, in an ambitious post that suggested Mr Zuckerberg is taking to heart the claims that Facebook is broken In a long post on his own site, the Facebook founder…

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Ripple passes Ethereum

valuable crypto currencies

Ripple passes Ethereum to become the second-most valuable cryptocurrency The cryptocurrency Ripple surged on the final Friday of 2017, reaching a market cap of more than $86 billion, CNBC reports. Ripple, which is officially known as XRP, saw its value rise by 55.9 percent. At its peak, the currency was valued at $2.23 a coin. Since then, it has fallen to $2.17, but it is still the second most valuable cryptocurrency in terms of market cap, according to Coinmarketcap.com. Ethereum is currently the world’s third-largest cryptocurrency in terms of market…

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The World’s Billionaires 2017

The World's Billionaires

The World’s Billionaires The World’s Billionaires is an annual ranking by documented net worth of the world’s wealthiest billionaires compiled and published in March annually by the American business magazine Forbes. The list was first published in March 1987. The total net worth of each individual on the list is estimated and is cited in United States dollars, based on their documented assets and accounting for debt. Royalty and dictators whose wealth comes from their positions are excluded from these lists. This ranking is an index of the wealthiest documented…

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Gold Ounce

gold ounce

The ounce (abbreviated oz; apothecary symbol: ℥) is a unit of mass used in most British derived customary systems of measurement. The common avoirdupois ounce (approximately 28.3 g) is ​1⁄16 of a common avoirdupois pound; this is the United States customary and British imperial ounce. It is primarily used in the United States to measure packaged foods and food portions, postal items, areal density of fabric and paper, boxing gloves, and so on; but sometimes also elsewhere in the Anglosphere. Besides the common ounce, several other ounces are in current…

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Gold Investment

gold investment

Gold as an investment Of all the precious metals, gold is the most popular as an investment. Investors generally buy gold as a way of diversifying risk, especially through the use of futures contracts and derivatives. The gold market is subject to speculation and volatility as are other markets. Compared to other precious metals used for investment, gold has the most effective safe haven and hedging properties across a number of countries. Gold price Gold has been used throughout history as money and has been a relative standard for currency…

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Most Common Passwords of 2017

password 123456

Most Common Passwords of 2017 SplashData has published its annual list of the worst passwords of the year and with a quick glance one thing is clear: we never learn. Oh, and there are a lot Star Wars fans out there. The list is created using data from more than five million passwords that were leaked by hackers in 2017. As SplashData notes, the past two years have been particularly devastating for data security, with a number of well-publicized hacks (Equifax, Dropbox, and the SEC to name a few), attacks,…

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Why Bitcoin And Cryptocurrency Prices Dropped So Low

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6 Possible Explanations Why Bitcoin And Cryptocurrency Prices Dropped So Low 22nd December Bitcoin’s rapid descent gathered pace on Friday as the cryptocurrency crashed below $11,000. Bitcoin’s price has fallen more than 40 per cent from its record high of nearly $20,000 (£14,950) set at the start of the week. The price of the digital currency fell as low as $10,891 on Friday afternoon, according to CoinDesk’s Bitcoin Price Index. It has been a volatile month for the cryptocurrency which has surged in value from under $1,000 at the start…

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Japan’s GMO Internet to Roll Out Bitcoin Payroll System

japan yen, bitcoin

Japan’s GMO Internet to Roll Out Bitcoin Payroll System Japanese web giant GMO Internet Group revealed yesterday that it soon allow staff to receive some of their salary in bitcoin. GMO plans to start rolling out the system from February 2018 within GMO Internet Co., Ltd, with a gradual expansion across the entire group and its over 4,000 employees to follow. The company states: “The GMO Internet Group will contribute to the development of virtual currencies in the world by promoting efforts related to virtual currency throughout the group.” GMO…

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Top 15 Most Expensive Currencies of the World – December 2017

Expensive Currencies

Top 15 Most Expensive Currencies of the World – December 2017 When you hear the phrase Top 15 Most Expensive Currencies of the world, the first currency that comes to your mind is US Dollar. But US Dollar or Euro or GBP are no longer among the Top 15 Most Expensive Currencies of the world. Let us find out which is the most expensive currency in the world. And you will be surprised to note: most of the currencies in this list are not of Western Business powerhouses but relatively…

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