Peter Schiff has some harsh words for CNBC, and Coinbase takes on 8 new digital assets Let’s start the show

Welcome back to crypto global news, please make sure you like share and subscribe to the show Also, we have a brand new website – jump over to cryptogntcom and have a look, we have all the latest news from the world of blockchain and cryptocurrency You can find a link to our site in the show notes below Enjoy today’s episode

Gold enthusiast and veteran trader Mr Peter Schiff accused business news channel CNBC of trying to “dupe its audience into buying bitcoin” Here is is what he had to say, CNBC is trying its best to dupe its audience into buying Bitcoin Despite gold being a much larger market, CNBC devotes far more airtime to Bitcoin He then went on to say more about the gold and the relationship to the federal reserve bank “CNBC is reporting that gold is not rising because of inflation, but because of uncertainty

CNBC is wrong again Gold is rising because of the certainty that the Fed, and other central banks, will create more inflation Rate cuts and QE are certain That's why gold is rising!” What is the future for investments in bitcoin and gold? BitMEX, one of the top crypto exchanges the world over so far as volume, has experienced record outflows during the month of July According to the blockchain data provider TokenAnalyst, the total outflow on the exchange amounted to around $530 million

The industry analytics firm Ceteris Paribus said that BitMEX had never experienced outflow of more than $100 million in a single month During the whole 2018, the total outflows accounted for $13 billion, so what comes next for BitMEX? Just a reminder, we have a brand new website – jump over to cryptogntcom and have a look, we have all the latest news from the world of blockchain and cryptocurrency You can find a link to our site in the show notes below

And now, back to today’s episode Tech giant IBM and blockchain company Chainyard have jointly developed a new blockchain network for supply chain management Alongside IBM, the Trust Your Supplier network’s founding members are also American brewing company Anheuser-Busch InBev, tech companies Cisco, Lenovo, Nokia, Schneider Electric, British pharmaceutical company GlaxoSmithKline and telecoms company Vodafone The product is built on the IBM Blockchain Platform and aims to eliminate manual time-consuming processes and help reduce the risk of fraud and errors IBM seems to still be on the cutting edge of blockchain development

A senior policy analyst at investment banking corporation Cowen, named Mr Jaret Seiberg, said that Walmart’s proposed digital coin should not face as much regulatory pushback as Libra, Facebook’s has Seiberg also said that Walmart’s crypto may have a demographic appeal to Democratic legislators who are keen to find an alternative financial infrastructure for people who do not regularly use banks According to Seiberg, Libra and Walmart’s crypto proposal differ in scale Seiberg comments that Facebook has global intentions which do not appear to be shared by Walmart

Libra is not getting much love from angle, what is the future of this digital asset? Coinbase the major exchange based in San Francisco has announced that it is exploring support for eight new digital assets The expansion is part of a larger strategy by the exchange to give customers access to 90% of the aggregate market capitalization of all digital assets Coinbase is currently exploring support for Algorand (ALGO), Cosmos (ATOM), Dash (DASH), Decred (DCR), Matic (MATIC), Harmony (ONE), Ontology (ONT) and Waves (WAVES) With this expansion by coinbase, are they setting the pace for all exchanges the world over? Many thanks for tuning into today's episode, please make sure you like share and subscribe to the show, And please remember to go check out our new website at cryptogntcom where you can find all the latest news from the world of cryptocurrency

You can find a link to the site in the show notes below For crypto global news I’m Edward, until next time you take it easy