Gold Vs. Bitcoin: $2.8B Fake Bullion Scam Highlights BTC Benefits

[Tnoy30]

A huge corruption scandal involving Chinese loans backed by fake gold is pressuring its supporters to defend it against unforgeable Bitcoin.
The Bitcoin (BTC) versus gold debate rages on this week as reports reveal fake bars fuelled a $2.8 billion corruption scheme.

As Chinese media outlet Caixin reported on June 29 via Nikkei, a loans deal between Chinese financial institutions and Wuhan Kingold Jewelry — with gold as collateral — fell apart when it became known the gold was gilded copper.
Read on: https://cointelegraph.com/news/gold-vs-bitcoin-28b-fake-bullion-scam-highlights-btc-benefits