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BitPay has announced that OneGold, a market that combines the benefits of gold and silver with digital resources based on blockchain, is now accepting bitcoin and bitcoin money.
Founded by APMEX and Sprott, OneGold enables investors to buy, sell and redeem digital gold and other precious metals.
"Cryptocurrency is an ideal payment method for e-commerce and precious metals where the risk of chargeback, fraud and identity theft with traditional credit cards is high," said Sonny Singh, chief commercial officer of BitPay in a press release . "BitPay and APMEX have worked together for years, making it easy for APMEX to accept cryptocurrency.When they started OneGold, we were ready to help them accept Bitcoin and Bitcoin Cash through BitPay."
In other bitcoin news, Coindesk reported that the 14-week relative strength index (RSI), a long-term bitcoin price indicator, shows the oversold conditions for the first time since 2015.
The RSI, which ranges between zero and 100, is currently at 29.80. A resource or cryptography is considered oversold if the RSI is less than 30. The reading of children under 30 shows that the recent heavy sale of bitcoins could be exhausted.
The Commodity Futures Trading Commission (CFTC) has announced that it is seeking public comments and feedback so that it can learn more about ethereum. In an information request (RFI), the CFTC wants details on technology, opportunities, risks, mechanics, uses and markets, and related ethereum.
"The RFI also seeks to understand the similarities and distinctions between Ether and Bitcoin, as well as opportunities, challenges and specific risks of Ether," according to a press release.
And IBM announced it has partnered with Nigerian agricultural startup, Hello Tractor, to test a crop management system based on distributed accounting (DLT) technology. Specifically, IBM will develop the application, dubbed the Digital Wallet, which would help sub-Saharan farmers to reduce the amount of post-harvest losses.
"Our vision is to exploit artificial intelligence, blockchain and IoT to digitize, optimize and optimize agricultural business processes, creating efficiencies and new services from farm to diner all over the world", write Solomon Assefa, vice president, Emerging Market Solutions and director, IBM Ricerca – Africa, in a blog post. "More specifically, the blockchain will provide a tamper-proof definition of the demand-side and demand-side workflows from the tractor's request to fulfillment, payment for services and revenue distribution, authorized access to services and documents at the same time. 39, internal workflow ", as well as approvals related to the registration workflow including booking and billing.
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