More funds have poured into the cryptocurrency market and precious metals … [Read more...] about JPMorgan: young investors have flooded into bitcoin during the pandemic
Tether launches gold-backed stablecoin XAUT
Stablecoin issuer Tether has announced the launch of Tether Gold token, or XAUT, a new stablecoin that is pegged to physical gold. … [Read more...] about Tether launches gold-backed stablecoin XAUT
Bitcoin and gold march in lockstep in the last three months
The price of bitcoin has been moving in the same direction as gold since June. That could not go unnoticed. … [Read more...] about Bitcoin and gold march in lockstep in the last three months
Paxos to launch gold-based cryptocurrency
New York-based firm Paxos is making waves in the world of cryptocurrency, as it plans to introduce digital tokens backed by precious metals this year. Just six months ago, a stable coin, Paxos Standard, was launched, linking cash reserves to blockchain. Fortune reports that before the year ends the company expects “any type of asset to be put onto blockchain.” Paxos CEO Chad … [Read more...] about Paxos to launch gold-based cryptocurrency
Crypto news in brief (February 4, 2018): Square, FedEx, Facebook, The Royal Mint, Jordan Belfort
Jordan Belfort, aka the 'Wolf of Wall Street', predicts bitcoin crash. Mobile payments operator Square has almost fully released bitcoin trading option. FedEx looks at blockchain. Facebook bans cryptocurrency ads. The Royal Mint creates cryptocurrency backed by gold. … [Read more...] about Crypto news in brief (February 4, 2018): Square, FedEx, Facebook, The Royal Mint, Jordan Belfort
The Royal Mint creates cryptocurrency backed by gold
The Royal Mint, a government-owned mint that produces coins for the United Kingdom, has launched its own cryptocurrency Royal Mint Gold (RMG), a digital representation of fine gold secured in The Royal Mint’s vault. … [Read more...] about The Royal Mint creates cryptocurrency backed by gold
Australia to develop cryptocurrency backed by gold
The Perth Mint, Australia’s biggest precious metals refiner, is developing its own cryptocurrency backed by gold and other precious metals to lure investors to buy gold again. The mint produces nearly 700 tons of gold annually. The move comes as investors rushed after cryptocurrencies channeling investments away from precious metals. By creating new digital money, the agency … [Read more...] about Australia to develop cryptocurrency backed by gold