In the latest bitcoin news, we can see that the despite the Bitcoin’s price decline and the entire market crash, Bitcoin still ranks as one of the top performing assets in the past several years.
Bitcoin still serves as a speculative financial instrument and users still don’t see it as a store of value. Bitcoin has provided for the long-term holders with some huge returns over the years but it has also proven to be a bad investment for some when compared to gold since Bitcoin is extremely volatile.
The gold price has increased over the fourth quarter despite the concern of the stock market crashing following the ongoing bull run which seems to be running out of steam. The stocks managed to recover on Wednesday but futures declined after the market crashed which means that investors still haven’t seen the end of the downturn.
Google searches for Bitcoin are declining after the recovery Bitcoin made from the yearly low. Over the year the interest in cryptocurrencies, in general, has dropped by 80 percent. Gold, on the other hand, increased in google searches by 15 percent, especially in the United States.
The data shows that the search for the terms ‘’buy gold’’ and ‘’buy bitcoin’’ shows that the US residents typed ‘’buy bitcoin’’ into Google more than six times as ‘’buy gold’’. More than a year later after the bitcoin’s price reached its all-time high, users are now more likely to seek information of buying gold than bitcoin.
Bitmain Sues Three Former Employees Who Founded Rival Mining Pool
IBM And Stellar Partnership In Jeopardy Amid Exec Disruption
Samsung Taps Blockchain And 6G, Seeks Collaboration With Firms
“We should challenge ourselves with a resolution to make new foundations, moving beyond the scope of protecting our past achievements,” Lee noted, confirming the news that Samsung taps blockchain.As we reported last month in our altcoin news section, the budget smartphones by Samsung will start to include cryptocurrency and blockchain features. Meanwhile, crypto and blockchain functionalities have already been confirmed for the Samsung S10 phone and will be included in other Galaxy smartphone models, too. At the end of April, one anonymous source also claimed that Samsung could eventually develop its own public-private blockchain which will be completed with its own token. This confirms the craze for blockchain technology and innovation that is currently spreading among Asian conglomerates.
First Legally Registered DAO Created By Blockchain Devs dOrg
“dOrg asked us to help design a DAO legal wrapper after discovering the potential of BBLLCs. We believe that dOrg is now the first legal entity that directly references blockchain code as its source of governance. Its material operations and ownership interests are managed entirely on-chain.”The dOrg group also noted that the BBLLC registration process should become much easier:
“We want to make what we just did accessible to anyone in the world. Ultimately, the process of configuring and deploying a legally registered DAO will be as easy as creating a social media account.”The ConsenSys-backed ‘’smart legal contracts’’ as previously explained in the coming altcoin news, project OpenLaw proposed a new Ethereum dapp called Incomshare.me which helps students to tokenize income share contracts and to take participation in secondary markets with them. The contracts help the students commit negotiated portions of future salaries. The Incomeshare.me platform uses the ethereum blockchain to host these contracts. OpenLaw community member Josh Ma noted
“As this alternative model for funding higher-education becomes more popular, enabling a secondary market would accelerate its adoption by providing liquidity and opportunities to mitigate risk, both attractive qualities for investors.”
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