Gold’s market capitalisation tops $30trn for the first time
On 17 October gold set a new record—above $4,380 per ounce. The metal is up 64.7% year-to-date.
Gold’s market capitalisation tops $30trn for the first time
On 17 October gold set a new record—above $4,380 per ounce. The metal is up 64.7% year-to-date.
Bitcoin and Gold Correlation Nears Historic Peak
The correlation between Bitcoin and gold has nearly reached a historic high of 0.9, currently at 0.85, noted Ki Young Ju, CEO of CryptoQuant.
VanEck Predicts Bitcoin Surge to $644,000 Amid ‘Gold Rally’
A record surge in gold prices could propel Bitcoin to $644,000 per coin, suggested VanEck's Matthew Sigel.
Tether and Antalpha Seek $200 Million for Tether Gold Treasury
Tether and the Bitmain-affiliated financial firm Antalpha aim to raise $200 million for an entity that will establish a treasury in the stablecoin Tether Gold (XAUT), according to Bloomberg.
Tether’s Gold Investment Plans Unveiled by Journalists
Tether, the issuer of the USDT stablecoin, has engaged in discussions regarding investments in gold mining, according to Financial Times, citing its own sources.
Analyst flags bitcoin’s ‘dual nature’
At times bitcoin is a haven, at others a risk asset, said IG Market analyst Tony Sycamore.
Presto Labels Bitcoin’s Record Surge as an ‘Inflationary Illusion’
The latest historic peak of digital gold may not reflect a genuine increase in value but rather the impact of dollar inflation.
A financial reboot—or another crisis?
In recent years the financial system has been hit by ever more frequent and unpredictable shocks that undermine its resilience. Classic support measures no longer deliver, and talk of another global crisis is growing louder. Against this backdrop, the adoption by TradFi of technological novelties—digital currencies, tokenised assets, blockchain platforms and the like—looks logical. On […]
Tether Reveals 7.6 Tons of Gold Backing for XAUT
Tether announced that by the end of the second quarter, nearly 250,000 “gold” stablecoins (XAUT) were in circulation. This marks the second official attestation of the asset, launched in 2020.
Tether Discloses $8 Billion Gold Reserve and Invests in Crystal Intelligence
Tether holds $8 billion worth of gold in its own vault in Switzerland, according to Bloomberg. The firm has also invested in the analytics company Crystal Intelligence to combat illegal USDT transactions. In an interview with the publication, Tether CEO Paolo Ardoino revealed that the company directly owns nearly 80 tonnes of gold. This positions […]
Bitwise: Investors Turn to Bitcoin Amid Fiat Concerns
Investors and central banks have begun to question the stability of the fiat monetary system, stated Bitwise’s Chief Investment Officer Matt Hougan. According to him, people are seeking protection from currency devaluation in assets like gold and the leading cryptocurrency. Hougan likened the situation to the parable of fish unaware of the water around them. […]We use cookies to improve the quality of our service.
By using this website, you agree to the Privacy policy.