Blockchain, Cryptocurrency Not Proven Safe Havens Says Investor Mark Mobius
Mobius said a gold-backed cryptocurrency run on the blockchain would be of interest, however. “If there is a cryptocurrency that is really backed by gold and there is a meaningful agreement and some kind of modern thing connection, then this could be quite interesting,” he said.
On blockchain, the investor remains skeptical. Mobius said the underlying technology itself remains open to attacks.
Bitcoin Price Corrects While Gold Sees Worst Daily Drop in 2.5 Years
After hitting an intraday high of $10,761, Bitcoin has seen a notable decline and continued fluctuating around $10,500 for most of the day. At press time, Bitcoin is trading at
$10,528, down around 1% over the past 24 hours at press time. Still, Bitcoin is up more than 10% over the past 7 days as, according to some, the major cryptocurrency entered the early phase of the next bull cycle recently.
Bitcoin’s dominance continues to grow, having broken 71% rate of market share earlier today. At press time, Bitcoin’s dominance percentage accounts for 70.9%, according to data from CoinMarketCap.
Blockchain Interoperability, Explained
What is blockchain interoperability?
The ability to share information across different blockchain networks, without restrictions.
It’s been 10 years since the original blockchain was released. By now, the technology has reached mainstream users, and a large number of enterprises and government agents have at least considered the benefits of having a blockchain in an array of industries — from agriculture and real estate to health care and voting.