Precious Metals Tapping New Highs Bodes Well For Bitcoin

This week, silver saw a 5% gain and revisited a 3-month high. Gold set a new eight-year high, reaching over $1,750 per troy ounce. The boost in precious metals also bodes well for Bitcoin, which has been rising in tandem. With both gold and silver each setting new local highs, will Bitcoin price finally take out $10,000? Supply Struggle Drives Price of Silver and Gold to New Local Highs A massive supply crunch on silver and gold has pushed precious metals to new local highs. Silver reached over $17 an…

Read More

Japanese E-Book Publisher Moving to DLT as Demand Increases

Japan-based Media Do Holdings will be investing $2.8 million towards distributed ledger technology for the distribution of its e-books. According to a May 17 article in the Nikkei newspaper, Media Do Holdings plans to invest 300 million yen — roughly $2.8 million at the time of writing — into developing a distributed ledger for the company’s e-books for the next two years starting in late 2020. The company cited that being able to have a reliable transaction history via such a ledger for e-books makes it possible to sell used…

Read More