Tagged: gold

June 17, 2024 @ 8:52 am By JD Alois  |  

Tether, the issuer of the largest stablecoin in the world, USDT, has announced a new digital asset dubbed Alloy – a digital asset tied to gold. Tether describes Alloy as a new type of digital assets or “tethered assets.” Similar to other stablecoins, Alloy, priced… Read More

May 20, 2024 @ 10:02 pm By Omar Faridi  |  

Coinbase Derivatives is reportedly expanding its futures offering to include Oil and Gold. On June 3, 2024, Coinbase Derivatives, part of Coinbase (NASDAQ:COIN) and a CFTC-regulated futures exchange, will launch retail-sized futures contracts “for oil and gold.” These new contracts should help traders with further… Read More

November 1, 2023 @ 11:31 am By Omar Faridi  |  

Investment platform Lightyear announces its expansion into exchange traded commodities (ETCs) with the launch of gold. Adding ETCs to its existing suite of 3,500+ stocks, ETFs and MMFs, is another way for Lightyear’s retail and business customers “across Europe to diversify portfolios.” iShares Physical Gold… Read More

May 12, 2023 @ 2:34 pm By Omar Faridi  |  

Fasset, the global digital asset platform for emerging markets, announces its partnership with Minted, a provider of precious metals, in order “to offer increased accessibility and liquidity to the global precious metals market through tokenization at the Dubai Fintech Summit.Under the MOU, Fasset will distribute… Read More

February 10, 2023 @ 8:34 am By Omar Faridi  |  

Rosbank demonstrated the first digital gold exchange deal in Russia using digital rubles. According to the bank it involved “the exchange of tokenized gold between two parties using innovative distributed ledger technology (blockchain) to ensure the security and continuity of the process.” The project was… Read More

December 19, 2022 @ 10:45 am By JD Alois  |  

LumiShare (previously IllumiShare), a digital asset management ecosystem, has raised $3.2 million in a funding round led by the Abu Dhabi royal family. According to a company statement, the funds were part of the early stages of its Abu-Dhabi-licensed $SRG token presale.  The funding will… Read More

April 30, 2022 @ 12:30 pm By Omar Faridi  |  

KreditBee, which claims to be one of India’s “leading” Fintech platforms, recently announced the launch of ‘KreditBee 24K Gold’, a digital gold investment product. Clients may “securely” purchase digital gold “with 99.5% purity at live market rates with a single tap on the KreditBee app.”… Read More

April 28, 2022 @ 8:29 am By Omar Faridi  |  

21Shares AG, which claims to be the largest issuer of cryptocurrency exchange traded products (ETPs), has announced the listing of the 21Shares ByteTree BOLD ETP (BOLD) on the SIX Swiss Exchange, the “world’s first” ETP that combines Bitcoin and Gold. BOLD has been developed “in… Read More

March 24, 2022 @ 12:02 pm By JD Alois  |  

VNX, launched in Liechtenstein in 2022 and registered with the Financial Market Authority (FMA) registered platform for investment in tokenized precious metals, claims title as Europe’s first regulated platform for assets like gold. The first product from VNX is VNX Gold, leveraging Ethereum, representing an… Read More

March 8, 2022 @ 10:18 am By Omar Faridi  |  

The team at PensionBee notes that February was, in many ways, “a continuation of January’s rocky start to the year.” Stock markets continued to fall “as a result of rising inflation, rising interest rates and a generally weaker economic outlook.” However, Russia’s unprovoked invasion of… Read More

March 6, 2022 @ 4:16 pm By Omar Faridi  |  

The correlation of Bitcoin to the Nasdaq is currently ~57%, “climbing over the past week,” according to an update from BitOoda. As the team at BitOoda had noted this past week, the Russian invasion of Ukraine led to “a large sell off that reversed faster… Read More

March 2, 2022 @ 11:06 am By Omar Faridi  |  

Crypto derivatives exchange BitMEX co-founder Arthur Hayes (who pleaded guilty to charges of violating the Bank Secrecy Act after being accused of willfully failing to establish, implement, and maintain anti-money laundering (AML) programs at BitMEX), notes that thankfully, (unlike many others around the world) his… Read More

February 25, 2022 @ 8:20 am By Omar Faridi  |  

International markets are experiencing a massive increase in volatility with Russia’s invasion of Ukraine. The severe humanitarian crisis that could unfold over the next few days and weeks “could be the worst in Europe in decades, with loss of life and property, as well as… Read More

February 13, 2022 @ 2:26 pm By Omar Faridi  |  

Dignity Gold, LLC, the US-based digital security that is taking an innovative approach to using verified gold reserves to back its security token, has appointed Marina De Alba to its Advisory Board. Dignity Gold, a blockchain development firm using security tokens and a regulation-focused approach… Read More

January 6, 2022 @ 8:01 am By Omar Faridi  |  

Digital banking platform Revolut has reportedly acquired approval from the Monetary Authority of Singapore (MAS) to provide clients with gold and silver exposure via the firm’s Fintech app. Revolut‘s management noted that they aim to introduce the service to their Singapore clients this year. After… Read More

December 20, 2021 @ 6:49 pm By Omar Faridi  |  

Go for gold investments, the team at Paytm (NSE: PAYTM) recommends. Paytm writes in a blog post that gold is a “sought-after asset, the world over.” The Fintech firm gives the example of an Olympian seeking out that “glistening gold medal.” Paytm adds that this… Read More

September 16, 2021 @ 10:07 pm By Tony Zerucha  |  

Estonian company BlockBen has released its digital asset eBSO on the Ethereum network. eBSO is a platform token that receives a percentage of every transaction of all the assets in the BlockBen ecosystem and is accumulated as physical gold. Trading of the eBSO token begins… Read More

August 20, 2021 @ 9:41 am By Omar Faridi  |  

Goldex, a multi-dealer marketplace for allocated physical gold, reveals that it has introduced a free-of-cost online academy to “democratize” financial literacy around gold. Goldex Academy will be hosting a “dedicated” vault of informative content with insights on how to go about making investments in gold…. Read More

August 2, 2021 @ 9:42 pm By Omar Faridi  |  

Malaysia-based telecommunications service provider U Mobile’s standalone digital wallet GoPayz has teamed up with gold bullion trader ACE Capital Growth (ACE), which operates as a subsidiary of Ace Innovate Asia. Through their partnership, the companies are introducing  GoGold. As noted on its official website, GoPayz… Read More

June 24, 2021 @ 1:47 am By Omar Faridi  |  

Singapore-based Hugo, a digital wealth and savings app, recently revealed that they’ve acquired $2 million in capital via a seed round from 1982 Ventures, established family offices and angel investors. With the proceeds from its investment round, Hugo stated that it will be introducing additional… Read More