Zimbabwe sells millions of gold-backed crypto tokens despite IMF warning
[May 14, 2023 11:22 PM] The Reserve Bank of Zimbabwe’s first gold-backed cryptocurrency sale has been a success.
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IMF Says Zimbabwe Gold-Backed Digital Currency a Potential Threat to Financial Stability
[May 11, 2023 3:30 AM] The International Monetary Fund has urged Zimbabwean authorities to weigh the benefits versus risks of issuing a gold-backed digital currency. Instead of using gold-backed digital currency to limit the demand for the greenback, the global lender…
Tether Reports $1.48B Profit in Q1, Reveals Bitcoin, Gold Reserves
[May 10, 2023 10:10 AM] The company’s USDT stablecoin has seen rapid growth this year as the U.S. banking crisis hit rivals.
Crypto Options Liquidity Provider OrBit Markets Offers Bitcoin and Gold-Hybrid Derivative
[May 8, 2023 6:55 PM] The company said the product’s finalized payoff depends on the joint performance of both BTC and its gold-backed token XAUT.
Central Bank’s Gold Purchases Make ‘Record Breaking Start’ in Q1 2023; 228.4 Tonnes Added to World Reserves
[May 8, 2023 1:30 AM] Central banks have continued to consistently purchase gold during the first quarter of 2023, according to the latest report of the World Gold Council (WGC), the global gold statistics organization. Central banks added nearly 230 tonnes of gold to…
Bitcoin Provides Insurance Against Fiat Currency Failure, Says Validus Power Corp.’s Greg Foss
Texas House Advances Gold-Backed Digital Currency Bill
[May 5, 2023 11:30 PM] Texas has taken its first steps in order to approve a bill that would issue a 100% gold-backed digital currency. If enacted as law, the bill, which is being discussed by a Texas House committee, would create an electronic system for users to…
U.S. Regulatory Crackdown Sees Institutional Investors Prefer Gold to Bitcoin: JPMorgan
[May 5, 2023 5:36 AM] This year’s 76% bitcoin rally appears to have been driven by retail buying, the report said.
Gold, Silver, and Crypto Prices Surge After Federal Reserve’s Quarter-Point Increase
[May 3, 2023 7:30 PM] Following a quarter-point increase in the federal funds rate by the Federal Reserve on Wednesday, precious metals such as silver and gold experienced a surge in value against the U.S. dollar, with gains ranging from 0.87% to 1.18%. Gold, in…
China Ramped Up Gold Production During Q1 Amidst Steady Demand From Central Banks
[May 2, 2023 12:15 AM] Gold companies operating in China ramped up their production levels during the first quarter of 2023. According to industry reports, the Chinese gold industry managed to recover its extraction levels, reaching numbers it saw before the Covid…
Bank of America Strategist Predicts Gold Could Reach $2,500 per Ounce in 2023
[Apr 28, 2023 4:00 AM] A Bank of America (BOFA) commodity strategist has postulated that gold, should it continue to flourish in 2023, could pave the way for a climb to $2,500 per ounce. Presently priced at $1,983 per unit, the precious metal remains just shy of the…
Google Trends Shows Surge in How to Buy Gold and Bitcoin Searches Amidst US Banking Upheaval
[Apr 26, 2023 1:30 PM] In the midst of the banking upheaval in the United States, Google Trends has revealed a notable surge in searches related to the acquisition of gold, with the search query reaching a perfect score of 100 during the first week of April 2023…
Ron Paul on the Future of the US Dollar: ‘The World Is Clearly De-Dollarizing’
[Apr 24, 2023 3:30 PM] Ron Paul, the former U.S. presidential candidate and former U.S. congressman, has stated that recent geopolitical events have caused nations to start ditching the U.S. dollar. Paul stated that the debasement of the currency, the manipulation of…
Zimbabwe to Introduce Gold-Backed Digital Currency: Report
[Apr 24, 2023 3:23 AM] The country's central bank wants people to be able to exchange Zimbabwe dollars for the gold-backed token so they can hedge against the currency's volatility.
Arkansas Makes Gold, Silver Legal Tender; 23 States Involved in Similar Legislation to Establish US Dollar Alternatives
Bitcoin ignores US jobs data as BTC price dip puts $28K support at risk
[Apr 20, 2023 8:38 AM] Eyes are on $28,000 support to hold in the event of continued downside, but Binance order book data warns that even this may be "rugged."
Gold Slides on Higher US Treasury Yields, Dollar
[Apr 19, 2023 11:30 AM] Prices of gold, and other precious metals, fell on Wednesday due to stronger U.S. yields and national currency. The decline comes on the backdrop of expectations of new interest rate increases next month amid persistent inflation in the United…
Gold Bugs Still Don’t Get It: Bitcoin’s Ledger Makes It The Better Store Of Value
[Apr 16, 2023 6:00 AM] Many of gold bugs’ values overlap with Bitcoin, but they dismiss BTC without understanding the superiority of its digital ledger. This is an opinion editorial by Luke Groom, a civil engineer, JD-MBA student and part-time strategy associate with…
Healthy Bitcoin rally: What does a margin lending ratio drop mean for BTC price?
[Apr 15, 2023 6:37 AM] Will $30,000 BTC price hold? Bitcoin market structure remains bullish with another 10% gain on the table as sellers refrain from shorting.
Tokenization of Real-World Assets a Key Driver of Digital Asset Adoption: Bank of America
[Apr 14, 2023 3:10 AM] The tokenized gold market reached over $1 billion in value last month, the report said.
US Consumer Price Index Rises 0.1% in March, Annual Inflation up 5% From Last Year
[Apr 12, 2023 8:31 AM] On Wednesday, the U.S. Bureau of Labor Statistics published the Consumer Price Index (CPI) report, which noted that inflation rose 0.1% last month in March and 5% from a year ago. Annual inflation has dropped for nine consecutive months following…
Breaking Dollar Hegemony, BRICS Nations Are Leading The World To Hyperbitcoinization
[Apr 9, 2023 6:00 AM] How the emergence of BRICS as an alternative to the U.S. dollar’s global dominance will usher in worldwide bitcoin adoption.This is an opinion editorial by Milan Stanojevic, an elementary school teacher and filmmaker.Since the end of the second…
Chatgpt Pretty Intelligent, Did Not Recommend Bitcoin, Peter Schiff Tweets
[Apr 8, 2023 4:30 AM] Economist Peter Schiff praised the artificial intelligence of the Chatgpt assistant for omitting bitcoin in a suggested “recession-proof” portfolio. The long-time gold proponent commented on a report claiming the chatbot has recommended “massive…
Historical Bitcoin price fractal hints at rally toward $50K
[Apr 7, 2023 11:39 AM] Bitcoin price in 2023 mirrors a 2015 fractal that saw BTC price doubling from $350 to $700 in seven months.
Peter Schiff on the Upcoming Gold Bull Market and Wall Street: ‘It Will Be Spectacular, Capitulation Will Be Epic’
[Apr 6, 2023 11:30 PM] Peter Schiff, economist and known gold bug, believes that the current price uptick that gold is currently experiencing will extend in the future, surprising stock traders. Schiff stated that gold stocks were the new tech stocks and that Wall…
Market Analyst Heralds the Collapse of ‘Everything,’ Calls for Hedging in Gold and Silver Before There Isn’t Any Left
[Apr 5, 2023 12:30 AM] Egon von Greyerz, market analyst and founder of Matterhorn Asset Management, is predicting the collapse of the central bank system in the next few years due to an increasing issuance of currency and debt. Von Greyerz states that in the face of an…
Tokenized Gold Surpasses $1B in Market Cap as Physical Asset Nears All-Time Price High
[Apr 4, 2023 3:06 PM] Tokenized gold is a type of stablecoin that pegs its price to gold, while the tokens on the blockchain represent ownership of physical gold managed by the issuer.
Bitcoin Heads for Best Quarter in Two Years, Outperforms Ether, Gold, Nasdaq
[Mar 29, 2023 3:30 AM] One observer said poor order book depth is primarily responsible for bitcoin's rally, while others pointed to the cryptocurrency's sound money appeal and Fed pivot speculation as bigger catalysts.
Analyst Predicts Gold Prices Might Exceed $8,000 in the Next Decade as Central Banks Lose Confidence in Foreign Currency
[Mar 27, 2023 3:30 AM] Jan Nieuwenhuijs, a gold market analyst, has predicted that gold might exceed prices of $8,000 during the next decade, as the current Ukraine-Russia war, and the worldwide battle against inflation, shift the preference of central banks for foreign…
Federal Reserve Hikes Rate by 25bps to Keep Inflation at Bay, Aims for 2% Inflation Rate by 2025
[Mar 22, 2023 1:05 PM] Following the fallout over the past two weeks in the U.S. banking industry, the Federal Reserve raised the federal funds rate by 25 basis points (bps) on Wednesday, citing the need for the inflation rate to return to 2% over the long run. Fed…