Tagged: gold

December 9, 2020 @ 8:46 pm By Omar Faridi  |  

Bitcoin (BTC) has been trading sideways as some crypto analysts have warned that the digital asset’s price may become unpredictable in the short-term, according to a new report from OKCoin. The digital currency exchange confirmed that Bitcoin continues to gain institutional support. BTC’s recent price… Read More

December 1, 2020 @ 7:32 pm By Omar Faridi  |  

London-based CoinShares, a company that aims to expand access to the digital asset ecosystem while serving as a trusted partner for its clients, has noted that the Bitcoin (BTC) price has been closing-in on the “very psychological” all-time-high (of nearly $20,000) “coupled with momentary fears… Read More

November 29, 2020 @ 3:11 pm By Omar Faridi  |  

Amadeo Pellicce, Product Manager at Blockchain.com, a leading crypto wallet provider and blockchain explorer service, notes that last year, they had teamed up with digital asset firm CoinShares to introduce DGLD, a crypto-asset representing allocated physical gold that’s kept securely in a Swiss vault. Pellicce… Read More

November 13, 2020 @ 9:47 pm By Samantha Hurst  |  

Glint Pay Inc. (Glint), a subsidiary of the U.K.-based fintech company that makes gold an alternative global currency by enabling its clients to buy, sell, save and spend their physical gold instantly through the Glint Debit Mastercard and Glint App, reportedly secured £2.5 million through… Read More

November 10, 2020 @ 2:05 pm By Samantha Hurst  |  

CORO, a U.S.-based gold payment app, announced on Tuesday it has received its money transmitter license in Mississippi. This news comes just days after CORO received its money transmitter license in Alabama. As previously reported, CORO has created a new financial payment system that allows… Read More

November 3, 2020 @ 10:21 am By Samantha Hurst  |  

CORO, a U.S.-based gold payment app, announced on Tuesday it has received its money transmitter license in Alabama. The latest milestone comes just a little over a month after  CORO received its money transmitter license in Oregon. As previously reported, CORO has created a new… Read More

October 10, 2020 @ 2:00 pm By Omar Faridi  |  

  Binance, the world’s largest digital asset exchange, notes that cryptocurrency markets took a major hit in September 2020 as Bitcoin (BTC) and Ethereum (ETH) recorded their first down month since June of this year. Binance also mentioned in its monthly report that despite the… Read More

October 1, 2020 @ 9:23 am By Samantha Hurst  |  

CORO, a U.S.-based gold payment app, announced on Wednesday it has received a Money Transmitter license by the State of Oregon. Founded in 2018, Coro states it has created a new financial payment system that where gold to be used as a currency in everyday… Read More

September 14, 2020 @ 6:40 pm By Omar Faridi  |  

UK-based Minted, a Shariah-compliant platform for trading gold, is planning to launch its services this month. Gold has served as a safe haven asset during times of economic uncertainty, but mostly wealthy people have invested in the precious metal. Minted aims to change this trend… Read More

September 10, 2020 @ 11:45 pm By Omar Faridi  |  

NGRAVE, a digital asset security company that claims it has developed the world’s most secure cryptocurrency hardware wallet, has teamed up with VeraOne in order to help investors protect their gold with “maximum security.” VeraOne’s VRO token is reportedly “a 100% gold-backed” stablecoin and it’s… Read More

September 8, 2020 @ 7:49 am By Omar Faridi  |  

Billion-dollar food delivery giant, Just Eat in France, is now accepting Bitcoin (BTC) payments. Just Eat had been allowing users to pay with Apple Pay, Google Pay, PayPal, and also with their credit cards through its website. Other traditional payments options such as checks and… Read More

September 7, 2020 @ 8:08 am By Omar Faridi  |  

ARK Invest, an established institutional investor in Bitcoin (BTC), the flagship cryptocurrency, states that it believes the digital asset is “creating the possibility of a global monetary system controlled not by nation-states but by individuals.” ARK Invest notes in a comprehensive report that by “eliminating… Read More

August 31, 2020 @ 11:07 pm By Omar Faridi  |  

Binance alum Fetch.ai, an established blockchain-focused AI firm launched by former DeepMind investors and developers, has introduced Mettalex, a “decentralized” crypto, and commodities derivatives trading platform. As mentioned in an update shared with Crowdfund Insider: “Working alongside a consortium of steel mills, shipping companies, trading… Read More

August 8, 2020 @ 6:52 pm By Omar Faridi  |  

Jay Hao, CEO at OKEx, one of the world’s largest cryptocurrency exchanges, notes that the US dollar “drop” and the Bitcoin (BTC) surge recently occurred at the same time. Hao points out that there’s been a regular downward adjustment of interest rates on US Treasury… Read More

August 4, 2020 @ 12:30 am By Omar Faridi  |  

Fintech firm SendGold, which describes itself as a Gold-as-a-Service (GaaS) platform, reports an 819% increase in transaction volume and a 311% growth in transaction size since January 2020. Established in 2016, SendGold is a peer to peer (P2P) digital money platform focused on serving the… Read More

July 26, 2020 @ 1:01 pm By Omar Faridi  |  

Tether Gold (XAU₮), a crypto-asset offering ownership of physical gold (XAU) that’s reportedly custodied in Switzerland, has experienced a significant increase in its demand as the price of gold surged past $1,900 a troy ounce – which may have been due to the economic uncertainty… Read More

July 11, 2020 @ 5:44 pm By Omar Faridi  |  

Bitcoin (BTC), the flagship cryptocurrency’s correlation with gold has weakened following the COVID-19 outbreak and resulting economic uncertainty. However, the digital asset’s correlation with the S&P 500 stock market index appears to be getting stronger, according to research report from crypto exchange Kraken. Kraken Intelligence,… Read More

June 27, 2020 @ 3:09 pm By Omar Faridi  |  

Rupeek, an Indian online gold loan company, has introduced RupeekZ, a “zero contact” gold loan kiosk, in order to safely issue gold loans, following the COVID-19 outbreak and resulting economic challenges. The Fintech firm says it aims to eliminate human touch during transactions to prevent… Read More

June 16, 2020 @ 9:14 pm By Omar Faridi  |  

The Dash Investment Foundation (DIF), an organization that makes Dash (digital currency) denominated business loans and equity investments within the blockchain and crypto-asset sector, has purchased gold for the first time. The organization said it will be introducing its Dash-to-gold rebalancing strategy, which involves diversifying… Read More

June 4, 2020 @ 7:48 am By Omar Faridi  |  

UK-based Minted, a Shariah-compliant platform for trading gold, is planning to launch in the coming months. Co-founder Shahmad Ahmed told Salam Gateway that his company has acquired regulatory approval from the Financial Conduct Authority (FCA) to serve as an e-money business. He noted that Minted’s… Read More