After the deep sell-off in cryptos, the thesis that bitcoin is an alternative to gold falls flat. If anything, Monday's crash shows cryptos acted like risk assets rather than safe-haven bets. Can bitcoin become a 'safe' bet for investors? Take a look at this report for more.

Bitcoin as 'digital gold' thesis falls flat

Hyderabad's automated teller machine (ATM) is the first to ever dispense gold coins rather than ordinary cash. With assistance from Hyderabad-based firm Opencube Technologies, Goldsikka launched India's first&nbsp;Gold ATM. An individual&nbsp;only needs to insert their debit or credit card into the ATM to withdraw up to five kilogramme of gold coin. additionally,&nbsp;&nbsp;there are eight choices for the gold weight, ranging from 0.5 to 100 grammes. This unique&nbsp;ATM machine was launched on 3 December. This is the first real-time gold ATM in the world.&nbsp;

The Vice President of Goldsikka Pratap said, "Goldsikka Limited is a company incorporated 4 years back. We are into bullion trading. Our CEO got an innovative concept of dispensing gold coins through an ATM machine. After doing a bit of research, we found out that it is possible. We tied up with a start-up company, OpenCube technologies. They and our in-house department which gave design and development support with respect to technology."

"Each ATM has a capacity of holding upto 5kgs of gold which is worth around Rs.2-3 crores. The ATM machine dispenses coins ranging from 0.5 grams to 100 grams. There are 8 available options, including 0.5 grams, 1 gram, 2 grams, 5 grams, 10 grams, 20 grams, 50 grams and 100 grams. People can come here and get the coins directly instead of going to jewellery shops. These coins are 24-carat gold and 999 certified. The customers will get their investment returns at a live price without any wastage. The important feature of the ATM is prices are updated live. We take the London bullion market as our market year. The prices there are updated and displayed on the screen and so are the taxes. Today, we had a footfall of around 20 people till the afternoon. We are hoping that more people would use this," he said.

He added, "We are planning the next 3-4 machines in Hyderabad at the airport, old city, Ameerpet and Kukatpally. We also received orders from Karimnagar and Warangal. We are focusing on Telangana first as there is already the concept of Bangaru Telangana. We will further move to South India and set up around 3,000 ATMs across the country over a period of time. We are also planning to go global. We will also come up with a version 2 of this machine."

Abiut&nbsp; he said that the ATM has a built-in camera and sound alarm system."We have already taken care of the required security measures as other ATMs. The ATM has a built-in camera and sound alarm system, which will trigger if there someone tries to tamper with it. We have 3 external CCTV cameras and we are also getting tied up with local police stations," he added.

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Hyderabad's automated teller machine (ATM) is the first to ever dispense gold coins rather than ordinary cash. With assistance from Hyderabad-based firm Opencube Technologies, Goldsikka launched India's first Gold ATM.

Hyderabad's automated teller machine (ATM) is the first to ever dispense gold coins rather than ordinary cash. With assistance from Hyderabad-based firm Opencube Technologies, Goldsikka launched India's first Gold ATM. An individual only needs to insert their debit or credit card into the ATM to withdraw up to five kilogramme of gold coin. additionally, there are eight choices for the gold weight, ranging from 0.5 to 100 grammes. This unique ATM machine was launched on 3 December. This is the first real-time gold ATM in the world. The Vice President of Goldsikka Pratap said, "Goldsikka Limited is a company incorporated 4 years back. We are into bullion trading. Our CEO got an innovative concept of dispensing gold coins through an ATM machine. After doing a bit of research, we found out that it is possible. We tied up with a start-up company, OpenCube technologies. They and our in-house department which gave design and development support with respect to technology." "Each ATM has a capacity of holding upto 5kgs of gold which is worth around Rs.2-3 crores. The ATM machine dispenses coins ranging from 0.5 grams to 100 grams. There are 8 available options, including 0.5 grams, 1 gram, 2 grams, 5 grams, 10 grams, 20 grams, 50 grams and 100 grams. People can come here and get the coins directly instead of going to jewellery shops. These coins are 24-carat gold and 999 certified. The customers will get their investment returns at a live price without any wastage. The important feature of the ATM is prices are updated live. We take the London bullion market as our market year. The prices there are updated and displayed on the screen and so are the taxes. Today, we had a footfall of around 20 people till the afternoon. We are hoping that more people would use this," he said. He added, "We are planning the next 3-4 machines in Hyderabad at the airport, old city, Ameerpet and Kukatpally. We also received orders from Karimnagar and Warangal. We are focusing on Telangana first as there is already the concept of Bangaru Telangana. We will further move to South India and set up around 3,000 ATMs across the country over a period of time. We are also planning to go global. We will also come up with a version 2 of this machine." Abiut he said that the ATM has a built-in camera and sound alarm system."We have already taken care of the required security measures as other ATMs. The ATM has a built-in camera and sound alarm system, which will trigger if there someone tries to tamper with it. We have 3 external CCTV cameras and we are also getting tied up with local police stations," he added. WATCH WION LIVE HERE:

India launches first gold coin-dispensing ATM in Hyderabad

Zimbabwe has launched gold coins to be sold to the public in a bid to tame runaway inflation that has further eroded the country’s unstable currency.

Zimbabwe launches gold coin as currency to battle extreme inflation

Zimbabwe has been facing crippling levels of inflation in the past decade and over the years, they have tried a number of ways to get the situation in control. On Monday, the nation came up with their latest attempt as gold coins were launched in a bid to stabilise the economy. These coins will be sold to the public in order to boost the local currency that has been affected seriously by the inflation, according to the statement issued by the Reserve Bank of Zimbabwe. It has become common practice for people in Zimbabwe to acquire US Dollars from the black market as their currency struggle, but this move can finally put a roadblock in the illegal trade in the country.

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The Reserve Bank has produced 2000 coins to begin with and they were given to the commercial banks. People will be able to buy it from the authorised banks and with a number of sellers not receiving the official currency anymore, the coins can become the new modes of transaction.

The Reserve Bank of Zimbabwe - John Mangudya – told Associated Press that the coins were minted outside the country but they are planning to eventually create them in the country. &nbsp;

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“The government is trying to moderate the very high demand for the US dollar because this high demand is not being matched by supply,” said Zimbabwean economist Prosper Chitambara.

“The expectation is that ... there will also be moderation in terms of the depreciation of the local currency, which should have some kind of stabilising effect in terms of pricing of goods."

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Zimbabwe has been facing crippling levels of inflation in the past decade and over the years, they have tried a number of ways to get the situation in control. On Monday, the nation came up with their latest attempt as gold coins were launched in a bid to stabilise the economy.

Zimbabwe has been facing crippling levels of inflation in the past decade and over the years, they have tried a number of ways to get the situation in control. On Monday, the nation came up with their latest attempt as gold coins were launched in a bid to stabilise the economy. These coins will be sold to the public in order to boost the local currency that has been affected seriously by the inflation, according to the statement issued by the Reserve Bank of Zimbabwe. It has become common practice for people in Zimbabwe to acquire US Dollars from the black market as their currency struggle, but this move can finally put a roadblock in the illegal trade in the country. Also read | Several people killed in 'targetted' Canadian mass shooting: Report The Reserve Bank has produced 2000 coins to begin with and they were given to the commercial banks. People will be able to buy it from the authorised banks and with a number of sellers not receiving the official currency anymore, the coins can become the new modes of transaction. The Reserve Bank of Zimbabwe - John Mangudya – told Associated Press that the coins were minted outside the country but they are planning to eventually create them in the country. Also read | Ukraine looks to ship food grains this week despite attack on Odessa port “The government is trying to moderate the very high demand for the US dollar because this high demand is not being matched by supply,” said Zimbabwean economist Prosper Chitambara. “The expectation is that ... there will also be moderation in terms of the depreciation of the local currency, which should have some kind of stabilising effect in terms of pricing of goods." WATCH WION LIVE HERE -

Zimbabwe debuts gold coins as legal tender to battle extreme inflation

A 1933 US gold coin that was never issued after Franklin D. Roosevelt removed America from the gold standard sold for a record $19.51 million at a Sotheby's auction in New York Tuesday.

The auction house described the 1933 Double Eagle, the last US gold coin made and intended for circulation, as "one of the most coveted coins in the world" and it didn't disappoint.

The $20 coin, designed by the American sculptor Augustus Saint-Gaudens, sailed past its pre-sale estimate price of between $10 million and $15 million.

It also smashed the record for the most expensive coin in the world, set by a 1794 Flowing Hair silver dollar that sold for $10 million in 2013.

The Double Eagle has an image of Lady Liberty on one side and an American eagle on the other.&nbsp;

The 1933 Double Eagles were the last American gold coins intended for circulation by the United States Mint but were never legally issued for use.

That year, President Roosevelt removed the United States from the gold standard in an effort to lift America's battered economy out of the Great Depression.

All of the coins were ordered to be destroyed, apart from two which were given to the Smithsonian Institution.

However, in 1937, several of the coins appeared on the market, sparking a Secret Service investigation in 1944 that ruled that the coins had been stolen from the US government and were illegal to own.

Prior to the probe, one of the coins was purchased and mistakenly granted an export license, Sotheby's said in its notes.

It ended up in the coin collection of King Farouk of Egypt. When Sotheby's tried to auction the Double Eagle in 1954, the US Treasury successfully had it withdrawn.

The coin's whereabouts were then unknown until 1996 when it was seized during a Secret Service sting at the Waldorf-Astoria in New York.

A five-year legal tussle ensued and it was decided that the coin could be privately owned.

Other Double Eagles that have surfaced have been ruled property of the United States following cases that have even gone to the Supreme Court.

The coin bought Tuesday is therefore the only 1933 Double Eagle allowed to be legally sold.

In 2002, it established a new world auction record for any coin at the time when designer Stuart Weitzman bought it for $7.59 million.

A 1933 US gold coin that was never issued after Franklin D. Roosevelt removed America from the gold standard sold for a record $19.51 million at a Sotheby's auction in New York Tuesday.

A 1933 US gold coin that was never issued after Franklin D. Roosevelt removed America from the gold standard sold for a record $19.51 million at a Sotheby's auction in New York Tuesday. The auction house described the 1933 Double Eagle, the last US gold coin made and intended for circulation, as "one of the most coveted coins in the world" and it didn't disappoint. The $20 coin, designed by the American sculptor Augustus Saint-Gaudens, sailed past its pre-sale estimate price of between $10 million and $15 million. It also smashed the record for the most expensive coin in the world, set by a 1794 Flowing Hair silver dollar that sold for $10 million in 2013. The Double Eagle has an image of Lady Liberty on one side and an American eagle on the other. The 1933 Double Eagles were the last American gold coins intended for circulation by the United States Mint but were never legally issued for use. That year, President Roosevelt removed the United States from the gold standard in an effort to lift America's battered economy out of the Great Depression. All of the coins were ordered to be destroyed, apart from two which were given to the Smithsonian Institution. However, in 1937, several of the coins appeared on the market, sparking a Secret Service investigation in 1944 that ruled that the coins had been stolen from the US government and were illegal to own. Prior to the probe, one of the coins was purchased and mistakenly granted an export license, Sotheby's said in its notes. It ended up in the coin collection of King Farouk of Egypt. When Sotheby's tried to auction the Double Eagle in 1954, the US Treasury successfully had it withdrawn. The coin's whereabouts were then unknown until 1996 when it was seized during a Secret Service sting at the Waldorf-Astoria in New York. A five-year legal tussle ensued and it was decided that the coin could be privately owned. Other Double Eagles that have surfaced have been ruled property of the United States following cases that have even gone to the Supreme Court. The coin bought Tuesday is therefore the only 1933 Double Eagle allowed to be legally sold. In 2002, it established a new world auction record for any coin at the time when designer Stuart Weitzman bought it for $7.59 million.

US gold coin sells for record $19.5 mn at Sotheby's auction

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