Gold Backed Crypto Exchange Offers Safe Haven for Crypto Investors

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Turbulence in the global markets is nothing new but the cryptocurrency community has faced an unprecedented 18-month period of flux.

The need for a fully decentralised, stable, self-regulated and community-led exchange that can offer investor confidence amidst a chaotic global economy has never been stronger.

Setting the Gold Standard with Crypto’s Founding Principles
With a scalable inter-blockchain and decentralised exchange the GOLD.IO platform is not only self-regulated and led by its stakeholders, but asset linked – offering exchange investors unrivaled portfolio security.

Gold has Always Set the Market Standard and has Benchmarked Traditional Finance for Centuries, So Why Should the Cryptocurrency Market Be Any Different?
As a commodity, it has weathered many a financial storm and continues to do so today. Aside from a little price volatility it has consistently retained its market value, and with an unstable geopolitical, crypto-economic outlook the precious metal can provide a safe port for crypto assets.

In short, a gold-linked and backed exchange offers not only security of your assets but a piece of mind – the world has been through tougher times than we face today, but gold has always survived the course.

GOLD.IO – Providing a Defensive Asset Protection to Your Investments
With a team of over 30 experienced developers, GOLD.IO has simply put a sister chain of the EOS Project which has the mission of creating a Decentralised Exchange (DEX) of smooth inter-block communications that not only eliminates persistent market influences but has the unique benefit of being backed by a commodity asset class.

Combining the proven power of gold as well as a growing community that is not only self-regulated but also stakeholder-led – GOLD.IO is also seeking to develop a fully-fledged Decentralised Autonomous Community (DAC) based on the founding principles of the blockchain. The DAC will serve as regulatory oversight of the exchange with all stakeholders enjoying full voting rights, a say over project development and more importantly the ability to define their profits.

Gold Backed Tokenomics Offers Trading Efficiency & High Liquidity
With global stock volatility at best and a downward trajectory at worse – according to Goldman Sachs the markets are gripped with a fear of what may come in the coming year, a gold-linked exchange, with inherently high liquidity can part-mitigate investor risk.

With no independent or fair exchange yet to provide what GOLD.IO can, the benefits of the platform as a market leader are clear but the real magic comes with the EOISO blockchain system itself – it eliminates third-party manipulation and offers a unique architecture to ensure users remain the custodian of their gold.

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Does Stock Market Crash: Good or Bad for Bitcoin?

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The two events in the first two days of the trading in 2019 have dragged down nearly every index in the United States

The utmost question doing the round currently is whether it is worth investing in cryptocurrencies, especially Bitcoin, which is the most valuable digital coin. This is because of some weakness was seen in the stock market in the current week following the weak economic data, as well as, the warning issued by Apple on iPhone sales, which could miss expectations. On the hindsight, it looks like the new asset has an edge after having suffered the most in 2018.

Twin Blow

There was a twin blow for the stock markets, and both have the origin of China. However, cryptocurrencies movement does not depend on either China or its encouragement currently because of a ban of digital coins in any form in the country. In short, there is little dependence on the biggest economy of the world to promote the new age asset class. This would mean that any unfavorable events or economic weakness in China will not have any impact either on bitcoin or on any other cryptocurrencies.

However, the same cannot be said about the stock markets. This was due to the drop in PMI to a contraction territory and Apple’s warning about weak iPhone sales due to people preferring repairs rather than new phones and weaker than expected sales in China. Significantly, this weak scenario came amidst the trade disputes tension between the country and the United States threatening to deteriorate the condition further. As far as cryptos are concerned, the trade tensions have got little impact either currently or in the upcoming periods.

Major Indices Fall

The two events in the first two days of the trading in 2019 have dragged down nearly every index in the United States. For instance, Nasdaq Composite Index fell 3.04 percent on Thursday while Dow Jones Industrial Averages and S&P 500 fell 2.83 percent and 2.48 percent respectively. The biggest drop happened in PHLX Semiconductor and NASDAQ Computer Indexes by 5.94 percent and 5.03 percent respectively. While Oil index slipped 0.86 percent, gold and silver index advanced 1.73 percent.

Green in the 7-Day Period

On the other hand, nine out of the top ten cryptocurrencies are trading in the green in the seven-day period with bitcoin gaining 5.03 percent despite losing 1.0 percent in the 24-hour period. Ethereum gained the most among the top ten with 31.96 percent including 1.76 percent advancement in the 24-hour period. Though bitcoin cash has lost 2.82 percent in the 24-hour period, the digital coin gained 9.73 percent in the seven-day period. Similarly, EOS jumped 16.65 percent in the one-week period even after losing 2.89 percent during the 24-hour period.

Though these cannot be termed as favorable completely, the fact is that cryptos, especially, bitcoin, remain the potential bet to gain if the stocks continued its downtrend. Possibly enough, Bitcoin can become a ‘Safehouse’ for all stock market traders in near future.

How Blockchain Can Help Revolutionize the Gambling Industry

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Gambling is one of the most valuable industries out there with a market capitalization that is expected to cross $520 billion by 2023.

Just like in any other major industry, new technologies infiltrate the gambling sector and provide future opportunities and open new markets. It does therefore not surprising that countries like Malta offer a legal framework for gambling companies to start working in the European territory.

Apart from cryptocurrencies, as means of payment, the blockchain technology itself can make significant transformations in the existing gambling industry. One prime example of how blockchain can be used to help revolutionize the gambling industry is betbox





Betbox is an online application which is designed to work as a high-tech betting platform powered by Ethereum Virtual Machine. Betbox app users can bet on events that are listed on the platform and also create individual events by themselves. Events can be private for a selected audience or shared in public so anyone can join.

Apart from betting events, betbox users can also list personal challenges within the platform so other users can bet on whether the challenge will be accomplished or not. Additionally to this, betbox aims to provide futuristic features to entertain its followers and give them a chance to secure earnings or win a life-changing jackpot.

By making use of the blockchain technology, betbox aims at storing all betting-related information and votes in decentralized locations thus providing transparent and secure data on each bet. (Try the MVP now on www.betbox.app).

Betbox also ensures secure payments within the platform by providing decentralized wallets which will be connected to the user accounts. The betbox coins, which are used to fuel the native OX-Chain will ensure smooth flow of payments within the betbox platform and also makes it convenient for users to place bets quickly. But not only the betbox coins can be used for taking part in events. The ecosystem is designed to enable betting with other currencies and also with FIAT in the future.

What Blockchain Means For Gambling Industry?

As we mentioned in the beginning, the gambling industry is among the most prosperous industries globally. With the introduction of blockchain in gambling, more people will be interested in trying their hands in gambling and betting, thanks to the transparency and security offered by blockchain.

Betbox is one of the best blockchain-backed betting and gambling apps out there and offers a completely legal, convenient and secure environment.

As blockchain becomes more prominent everywhere, we will surely be able to see more platforms like betbox that incorporate the features and efficiency of blockchain into the gambling industry. But will there be space next to this industry leader?

Facebook, the world's largest Social network to Hire Blockchain Specialists

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Facebook, the world's largest social network, is looking for five talented blockchain developers to work in its main office in Menlo Park, California. The announcement is published on the company's website.

Facebook needs two data officers, a development team leader, and two software engineers who are interested in solving difficult tasks and are ready to create scalable platforms.


The division, designed to study and develop blockchain, was established at Facebook in May 2018. It was headed by David Marcus, who was previously the company's VP at the Messenger app department. Later, in June, Evan Cheng, one of the senior engineers, was appointed as the director of engineering at the distributed ledger division.

The department was positioned as a startup, which will be involved in the adaptation of blockchain for the social network, although Facebook does not disclose specific plans in this direction. In general, this sounds like a desire to assist the people of the world in gaining access to things they lack today. Besides, it is about providing fair financial services and new ways of data exchange.

In August 2018, the information was circulating that Facebook cooperates with the Stellar crypto platform to use its blockchain for the creation of its own network. Later, the company denied these rumors.