Exploration of Japan's traditional form of money, called 'bar money' has been carried out recently. China's gold consumption noted a 3.5% drop in the first half of the year, with a decline in jewelry sales while bar and coin demand surges. The Lower Haight beer bar, Toronado, is reportedly being sold to a cryptocurrency enthusiast who plans to launch a coin associated with the brand. A surge in platinum investment over gold was reported, showing a huge 660% increase in platinum bar and coin investment.
At the same time, there's been an increase in scams involving the purchase of gold bars and coins. A DC resident reportedly lost over $640,000 in a gold bar and coin scheme, and a New York woman was swindled out of her $700k life savings in a similar scam.
Prominent bars and other venues are increasingly involving crypto in their operations. The PubKey Bitcoin bar in New York aims to spread Bitcoin awareness in Washington DC. An arcade bar also plans to expand out of state for the first time. However, San Francisco arcade bar Coin-Op has permanently closed.
Cryptocurrency regulation remains a significant topic, most recently making headlines following the introduction of legislation aimed at banning cryptocurrencies at a presidential level. At the same time, popular cryptocurrency exchange Binance has seen gains of 300%, raising the competitive bar in the crypto industry.
Lastly, Spacecoin XYZ plans to establish the first-ever blockchain network in outer space, a move that could signal a new era of digital currencies and blockchain technology.
BAR Coin News Analytics from Fri, 06 May 2016 07:00:00 GMT to Wed, 24 Sep 2025 13:42:29 GMT -
Rating -4
- Innovation -2
- Information 6
- Rumor -3