The Malta Stock Exchange announced today that Binance is backing the exchange’s newly launched program to support fintech startups and entrepreneurs. 6,000 this week, with bearish indicators still littering short- and long-term charts. Crypto Twitter isn’t letting the prospect of a downturn in prices get them down, rather they’ve turned a bitter price run into a digital kumbaya. EOS holders elected their first set of block producers, so the hotly anticipated blockchain is now live.
Bitcoin has made a 6 percent recovery from the 90-day low hit yesterday, but what happens next? Like Warren Buffett, Jim Chanos is an expert in his domain, which is traditional finance, not crypto. And he’s getting it wrong too. Two golden 20 kr coins from the Scandinavian Monetary Union, which was based on a gold standard. The coin to the left is Swedish and the right one is Danish. Gold certificates were used as paper currency in the United States from 1882 to 1933.
These certificates were freely convertible into gold coins. Under a gold bullion standard, paper notes are convertible at a preset, fixed rate with gold bullion. A gold standard is a monetary system in which the standard economic unit of account is based on a fixed quantity of gold. Three types can be distinguished: specie, bullion, and exchange. In the gold specie standard the monetary unit is associated with the value of circulating gold coins, or the monetary unit has the value of a certain circulating gold coin, but other coins may be made of less valuable metal.