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Fake bullion scam highlights bitcoin’s benefits

Fake bullion scam highlights bitcoin’s benefits

The debate over the relative merits of bitcoin ( BTC) versus gold heated up this week after reports emerged of counterfeit bars fueling a $2.8 billion corruption scheme. Citing Chinese and Japanese media outlets, Cointelegraph reported that a loans deal between Chinese financial institutions and Wuhan Kingold Jewelry – with gold as collateral – fell apart when it became known that the gold was actually gilded copper.








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