For all the talk of Bitcoin being digital gold, the traditional bullion industry is looking to blockchain to solve some of its biggest challenges. Check out this week's Crypto Biz newsletter from CT Business Editor forgeforth_
) continues to eat away at gold’s market share, the bullion industry is looking to blockchain — the technology first made famous by BTC — to solve its most enduring challenges. How’s that for irony? Someone should really check on Peter Schiff.
Speaking of Bitcoin, a MicroStrategy subsidiary confirmed this week that it plans to buy more “digital gold” through a crypto-collateralized loan. Terraform Labs CEO Do Kwon also ramped up his Bitcoin purchases to provide solid backing for Terra’s UST stablecoin. This week’s Crypto Biz takes a deep dive into the gold industry and the latest business developments surrounding Bitcoin.Blockchain has been identified as a potential game-changer for the gold industry, which continues to struggle with supply chain issues that have undermined the integrity of bullion production.
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