20 de agosto de 2019
ÚLTIMAS NOTICIAS:
Hispanic World

Bitcoin fever returns, sending the value of the cryptocurrency to $8,082

By Alvaro Celorio

By Alvaro Celorio

New York, May 14 (efe-epa).- Cryptocurrency fever is making a comeback in New York during Consensus 2019, the largest trade fair in the world dedicated to this type of currency and blockchain technology, with the gathering taking place as the price of Bitcoin rebounds to $8,082 per unit, the highest level in 10 months.

While the benchmark cryptocurrency is still trading at a price that is 5.8 percent below the level a year ago - and far from the record $20,000 that it hit in December 2017 - the rebound in the price is due, in part, to the buzz around Consensus, where leading companies in the blockchain area are unveiling new products that use the cutting-edge technology, with one firm planning to give away a kilo of gold.

Novem Gold Company, a business based in Liechtenstein, launched a marketing promotion at Consensus 2019, giving one gram of LBMA-certified gold to each of the first 1,000 attendees who visit the company's booth and can answer a basic question about the Novem NNN gold tokens project.

"Novem Gold is here to offer a better path to digital gold ownership on the blockchain, more connected to physical gold and more redeemable than any other gold token," Novem Gold CEO Andreas Kalteis said in a statement. "We are happy to meet with so many leading innovators at Consensus and think the 1kg gold giveaway is a fun incentive and a way to drive home our central point - owning Novem NNN gold tokens is owning gold."

Kalteis told EFE that Novem Gold's product was distinguished by its liquidity and ease of international transfer, unlike physical gold, which is hard to move around.

The transaction costs for small amounts of gold are also sometimes higher than the potential profit, making Novem's digital gold product a better deal for investors who have smaller amounts of the precious metal to trade.

Cryptocurrencies are not backed by a central bank or sovereign issuer, depending, instead, on blockchain technology, which consists of a book of records that is not susceptible to modification, thus keeping users' information secure.

Thousands of attendees, who used to suffer from gold "fever" and are now once again smitten by Bitcoin, are visiting the booths of cryptocurrency companies exhibiting their products at the New York Hilton Midtown, handing out business cards and learning about the latest innovations at IBM and Microsoft, which are also working with blockchain technology to develop new applications.

Blockchain is also being incorporated into smartphones, with the HTC Exodus 1 using the technology to protect users' data and even keep personal information out of reach of the device's Android operating system.

Some of the companies exhibiting at Consensus 2019 aspire to "transform" the real estate industry and the rental market.

Kahuna, for example, used a technology based on the software architecture of the Ethereum digital currency to create an app that lets landlords list rental properties and manage the profiles and credit histories of potential tenants.

Payments, moreover, can be made using the app's own currency, making them "frictionless and traceable."

Consensus 2019 has led to a recovery in cryptocurrencies on the financial markets after a slump that lasted more than a year and saw Bitcoin, the best known digital currency, lose 80 percent of its value in 2018, according to a study released on Tuesday by digital currency brokerage HiveEx.com.

So far this year, the market capitalization - the total value of all the coins in circulation - has risen 50 percent to $189.24 billion, a level that is still well below the Jan. 8, 2018, record market cap of $833 billion, HiveEx.com CEO Fred Schebesta told EFE.

In response to a question about whether trade tensions and instability had helped cryptocurrencies recover, Schebesta said that in countries experiencing high levels of instability, such as Venezuela, the market "has increased twentyfold" due to the ease with which digital currencies can be moved across international borders.

Mati Greenspan, an analyst with eToro, said gold was rising along with cryptocurrencies, showing that investors do not favor one asset class over the other, and that the trade tensions between the United States and China may not have been such a big factor in the digital currency rebound.

Greenspan noted that "the Consensus effect" may be behind the rise in cryptocurrency prices.

"Last but not least, the Consensus effect. We've seen several times in the past where the largest crypto gathering in the world has had a significant effect on the price. So for all of our colleagues, clients, friends and partners in New York. Enjoy the convention!!" Greenspan said.

Histórico de noticias
Twitter: China has mounted campaign to delegitimize Hong Kong protests

San Francisco, Aug 19 (efe-epa).- Twitter on Monday said that it had uncovered a coordinated effort by 936 accounts originating in China to delegitimize the...

Colombia, victim of lucrative exotic animal smuggling

By Claudia Polanco Yermanos

US gives China's Huawei another 90-day reprieve on sanctions

Washington, Aug 19 (efe-epa).- Chinese tech giant Huawei Technologies on Monday criticized the sanctions imposed by the Donald Trump administration as being...

El Salvador woman pardoned after manslaughter conviction for abortion

Ciudad Delgado, El Salvador, Aug 19 (efe-epa).- A court in El Salvador pardoned Evelyn Hernandez, 21, this Monday of the crime of aggravated manslaughter...

Bardem: If 30 pct. of oceans not protected in 2030, damage to be irreversible

By Alvaro Celorio

Colombian ex-ministers: Peace is being fired upon from many angles

By Juliana Alejandra Franco and Ovidio Castro

Trump defends China policy, says US economy is world's best

Washington, Aug 18 (efe-epa).- President Donald Trump on Sunday defended his strategy versus China, on whose goods Washington has imposed heavy tariffs as...

Paola Espinosa, miracle worker in platform diving going for medal in Tokyo

By Gustavo Borges

Quito video art makes viewers reflect on migration, environment and memories

Quito, Aug 16 (efe-epa).- An unprecedented exhibition in the Ecuadorian capital is making viewers reflect on such concepts as migration, the environment and...

Delivery workers unite to protect themselves from Mexico City dangers

By Zoilo Carrillo

Famous Madrid chef returns to her Dominican roots

By Manuel Perez Bella

A stroll through New York's iconic Madison Square Garden

By Alvaro Celorio

Panama City celebrates 500th anniversary with cake for 4,500 people

Panama City, Aug 15 (efe-epa).- Panama City, the first Spanish settlement on the Pacific coast of North America, on Thursday celebrated its 500th...

Half a century later, Woodstock once again highlighting unity, freedom

By Helen Cook

Trump suggests Xi should meet with Hong Kong protesters

Washington, Aug 15 (efe-epa).- President Donald Trump on Thursday suggested that his Chinese counterpart, Xi Jinping, should meet "personally" with the Hong...

Uruguay keeps eye out for potential fallout from Argentine economic crisis

By Federico Anfitti

Bogota has many advantages in attracting foreign investment

Bogota, Aug 14 (efe-epa).- In the past 10 years, Bogota has received some $20 billion in foreign investment via more than 1,100 projects that have created...

Wall Street plunges, Dow Jones down 3.05 pct.

New York, Aug 14 (efe-epa).- Wall Street closed Wednesday with heavy losses and the Dow Jones Industrial Average, the benchmark indicator, dropped 3.05...

More than 250 lawsuits vs. Catholic Church filed over sex abuse in New York

New York, Aug 14 (efe-epa).- A New York law office on Wednesday filed more than 250 lawsuits over sexual abuse of minors against the Catholic Church with...

Mexico: Same ideology behind El Paso, Christchurch massacres

Mexico City, Aug 14 (efe-epa).- The Aug. 3 massacre in the US city of El Paso, Texas, which resulted in 22 deaths, was inspired by the attack on two mosques...

Argentina's president unveils measures to help middle class

Buenos Aires, Aug 14 (efe-epa).- President Mauricio Macri announced a series of measures before the opening of the financial markets on Wednesday aimed at...

CBS, Viacom to merge, creating ViacomCBS

New York, Aug 13 (efe-epa).- CBS and Viacom announced on Tuesday a merger agreement that will reunite the two companies, which previously merged but then...

Democrats demand Senate vote on toughening access to guns

Washington, Aug 13 (efe-epa).- A mother told US Congresswoman Debbie Dingell that she didn't know whether to buy her daughter a backpack she wanted for...

Indigenous and farm women demand gender equality in Brazil

Brasilia, Aug 13 (efe-epa).- Groups of indigenous and farm women were received this Tuesday by the Brazilian legislature, where both repeated their...