Tagged: gold

CoinShares Introduces the First Gold and Crypto Asset Index on Bloomberg and Refinitiv, Aims to Create “Investable” Benchmark Products

CoinShares, a crypto asset management company that provides financial products and services for professional investors, has launched the CoinShares Gold and Crypto assets Index (CGCI). The CGCI is reportedly the first EU Benchmark Regulations (EU BMR) compliant index for the digital asset sector that combines… Read More

Institutional and Retail Investors are Looking to Gold and Bitcoin (BTC) as Alternatives to Stocks at Current Valuations: Report

The cryptocurrency market continues to recover from its mid-March 2020 lows and at the end of last month, Bitcoin (BTC) was up 22% for the year. As reported by Blockchain.com, a block explorer and crypto wallet service provider, Bitcoin has outperformed other major assets that… Read More

Digital Asset OTC Broker Digital RFQ Selects Koine for Custody Following First Commodity based Token

Digital asset OTC broker, Digital RFQ (DRFQ) has selected Koine to act as custodian for its first commodity financing token, PGX. PGX, or PhiGold token, was launched in partnership with Atom Asset Exchange (AAX). The digital asset is a commodity financing token based on gold… Read More

Bitcoin Marketplace Paxful Now Offers P2P Gold Trading

Paxful, a Bitcoin marketplace, is now offering peer to peer trading in gold, according to a company release. In a blog post, the company said the new service was due to customer demand. The advent of the COVID-19 pandemic has heightened interest in gold –… Read More

Atomic Asset Exchange, a New Crypto Trading Platform, Is Launching its Native Token, AAB

The Atomic Asset Exchange (AAX), a newly developed digital currency exchange that offers over-the-counter, spot, and futures trading, confirmed on March 31, 2020, that it will be introducing its native exchange token, called AAB. AAX aims to connect crypto to the larger, traditional financial system…. Read More

Cryptocurrency Lender Nexo Introduces PAX Gold Credit Line for Retail Investors

Digital asset lender Nexo has introduced a PAX Gold (PAXG) credit line for retail clients. Nexo’s management noted that it will allow all investors to use the PAXG token as a collateral option. This offering was only available for the company’s institutional clients. PAXG is… Read More

UK Fintech Glint Pay Says there’s been a 700% Increase in Amount of Gold Purchases via its Platform During Coronavirus Outbreak

UK-headquartered Fintech Glint Pay Services Ltd. has revealed that there has been a 700% increase in the amount of gold purchased on its platform during the coronavirus (COVID-19) outbreak, and resulting economic uncertainty. The global economic instability has negatively affected the world’s equity markets. Glint… Read More

Singapore-based Crypto Exchange Phemex Is Offering Proprietary Perpetual Contracts Pegged on Gold and Settled in Nominal USD

Singapore-headquartered digital asset exchange Phemex announced on March 17, 2020, that it will be offering a proprietary perpetual contract, which is reportedly pegged on gold and settled in nominal US dollars. According to a press release shared with Crowdfund Insider: “Each contract is worth 0.001… Read More

Demand Meet Supply: Smart Valor to List Tokens Tied to Physical Gold During Volatile Times

The Coronavirus pandemic has disrupted the entire world. Traditional financial markets, as well as digital asset markets, have experienced extreme volatility. One asset that has held out relatively well is physical gold – a commodity that continues to interest certain investors in times of extreme… Read More

Digix, Developer of First Asset-backed Digital Gold Token, Launches Revamped Marketplace and Website

Digix, the developer of the first asset-backed digital gold token, recently upgraded its online marketplace and website. The company’s new marketplace and digital platform aim to simplify the process of buying and managing Digix’s native DGX token. The token was launched to meet the increasing… Read More

Tether Ltd. Introduces Tether Gold (XAU₮), a New Product Offering “Security of Digital Asset Pegged to Physical Gold” (XAU)

Tether Ltd., the firm that issues the world’s largest stablecoin USDT with a market capitalization of more than $4.6 billion, recently announced the launch of a new product, called Tether Gold (XAU₮), which will provide the “security of a digital asset pegged to physical gold”… Read More

Nicolás Maduro, President of Venezuela, Says Country will Sell Oil and Gold for Petro Cryptocurrency

Nicolás Maduro, president of Venezuela, a country suffering from record levels of hyperinflation and rampant corruption, says that the South American nation will be selling oil and part of its gold it produces for Petro, the highly controversial national digital currency. In statements shared with… Read More

Evan Kuo: Ampleforth CEO Explains How Platform’s Native AMPL Tokens Aim to be “Fair and Independent Money” 

We recently caught up with Evan Kuo, CEO at Ampleforth, a new crypto-asset protocol for developing “fair and independent money.” Kuo, a mechatronics, robotics, and automation engineering graduate from the University of California, Berkeley, argues that Bitcoin (BTC), the flagship cryptocurrency, has the potential to… Read More

Q&A with Perth Mint Partner Infinigold, Issuer of Gold-Backed Cryptographic Tokens

InfiniGold, a company “digitizing” gold reserves at the Perth Mint, has responded to Crowdfund Insider’s questions forwarded earlier this month regarding the companies’ plans to issue a Perth Mint Gold Token (PMGT) on the Ethereum blockchain. Andreas Ruf, CEO at Infinigold, began by describing both… Read More

Perth Mint and Infinigold Report Steady Interest in Perth Mint Gold Tokens

The Perth Mint says  its project to offer gold-backed Perth Mint Gold Tokens (PMGT), “is paying early dividends with a surge in investors registering to trade gold on digital platforms.” The mint and partner Infinigold tout the offering as, “the first digital gold token on… Read More

Perth Mint Plans to Sell Gold-Backed Crypto Tokens

The Perth Mint, a large “precious metals enterprise” in Australia, has announced it will be issuing, “the first digital gold token on a public blockchain-backed…1:1 by GoldPass certificates issued by The Perth Mint…” The release regarding this product does not state when the tokens will become… Read More

Overfunding: B2B Platform For Gold MarketOrders Surpasses £400,000 Funding Target on Crowdcube

Just one week after launching its equity crowdfunding campaign on Crowdcube, MarketOrders, a B2B platform that enables users to buy gold and diamond jewelry directly from international suppliers, has successfully secured its £400,000 funding target from nearly 100 investors. As previously reported, MarketOrders was founded… Read More

Austria Fintech Bitpanda Launches Gold & Silver Trading For One Million Users

Austria-based fintech Bitpanda announced on Monday it has launched gold and silver trading for its one million users. Bitpanda reported that with Bitpanda Metals it is introducing the user experience and convenience of buying digital assets to the world of precious metals trading. Bitpanda also… Read More

Goldex Secures Over £1 Million Through Pre-Series A Funding Round

Goldex, a UK-based trading technology platform that allows users to invest in physical gold, announced last week it secured more than £1 million through its pre-series A round, which was reportedly led by a group of prominent angel and institutional investors in the financial, payment and… Read More

Bitcoin “Does and Will Not Challenge Gold as a Safe-Haven Asset”

A writer and analyst for Morningstar believes that, based on a comprehensive assessment, Bitcoin, “does not and will not challenge gold as a safe-haven asset class.” He follows that claim with a tip to buy Goldcorp stock. In a short article written for the large research and investment… Read More

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