Brazil’s Central Bank has enacted new rules concerning cryptocurrencies, establishing a $7 million capital bar for applicable businesses. Meanwhile, the demand for
gold, including bars and coins, has reached record heights in Q3, with trends indicating a 'Fear of Missing Out' trade boom.
Gold is also reportedly preferred over jewellery on Dhanteras, as per consumer reports. Notably, this rising trend in
gold demand has not been mirrored in the U.S, even as the global demand for gold bars and coins increases.Interestingly, the growing involvement of cryptocurrency in conventional markets has led to unique developments. A storied beer bar in Lower Haight will soon launch ‘
ToronadoCash’, following its acquisition by a self-proclaimed 'crypto bro'. There's a surge in platinum bar and coin investments too, outpacing gold and silver with a 660% increase.However, the world of cryptocurrency has also been subject to scams and potential legislative crackdowns. A DC woman reportedly lost over $640,000 in a gold bar and coin scheme, while legislation aiming for a presidential ban on cryptocurrencies has recently been unveiled. Additionally, there have been incidents of local businesses being targeted, with two men in Indiana being arrested for breaking into a bar’s coin-operated machine.Consumers are warned to remain cautious, especially in the face of apparent investment highs and potential traps, such as rare collectibles sales. The market, as always, is subject to fluctuations.
BAR Coin News Analytics from Wed, 31 Jul 2013 07:00:00 GMT to Wed, 12 Nov 2025 05:15:00 GMT -
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- Information 4
- Rumor -6
