Bitcoin Outshines Gold, 76% of Americans Wants to Retain Paper Money and Stellar Burns Over 55 Billion Tokens
Here is your daily overview of interesting, important and market moving cryptocurrency news.
Bitcoin Outshines Gold
Bitcoin logged double-digit gains in October, outperforming gold for the first time since June.
The world’s biggest cryptocurrency by market value ended last month with a gain of 10.26%, while gold gained just 2.74% in October.
76% of Americans Wants to Retain Paper Money
A cashless society is coming, and it’s only a matter of time. However, the outcome of a Genesis Mining study shows that 76% of the Americans says no to a cashless society.
Advantages are transparecy and rooting out crime, more accurate accounting and convenience.
Opponents use the arguments like possible abuse of power, more debt, elimination of privacy, goldmines for hackers and chaos if the system shuts down.
Stellar Burns Over 55 Billion Tokens
The Stellar Development Foundation drastically reduced the number of tokens in existence as part of an effort to become more efficient as it moves forward.
Of the over 85 billion tokens, the SDF burned over 55 billion ($4.7B).
The coin has reacted positively to the news, seeing a price increase of nearly 25% at the time of writing this.
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