Tag - Digital Gold
Tuesday, October 15 2019
By GCRU Gold News on Tuesday, October 15 2019, 09:51
Imagine a gold product - with characteristics of physical gold and gold exchange-traded funds (ETFs), as well as the 24/7 nature and security of the bitcoin network. That was the aim of three firms behind the DGLD token
Monday, October 14 2019
By GCRU Gold News on Monday, October 14 2019, 22:12
The marriage of blockchain technology’s open truthfulness with gold’s alluring scarcity makes for a highly transparent, secure and liquid financial instrument with which to hedge against currency depreciation, allowing average consumers and retail investors to hold onto the value of their savings.
Friday, October 11 2019
By GCRU Gold News on Friday, October 11 2019, 23:52
With PAX Gold, a digital token on the Ethereum blockchain, representing a physical amount of gold held in the vaults of London-based Brink, Nexo now offers gold investors instant access to their gold wealth in over 45 fiat currencies via same/next day transfers and across 200+ jurisdictions.
True to its innovative DNA, Nexo will be adding PAX Gold for its ‘Earn Interest’ product that will pay up to 8% per year of interest on gold, debunking the century-old stigma that “gold does not pay dividends”. This value proposition makes Nexo the only financial institution in the world to pay interest on gold in kind.
By GCRU Gold News on Friday, October 11 2019, 04:38
PMGT allows blockchain users to conveniently trade and hold gold stored at The Perth Mint.
Digitally manage your entitlements over the physical gold, convert and pick up gold bullion of your choice or get it delivered globally.
Thursday, September 26 2019
By GCRU Gold News on Thursday, September 26 2019, 21:55
A U.K. startup that promised to allow people to pay for goods in gold has collapsed, dealing a blow to its backers including Conservative MP Steve Baker, who had promoted the company on Twitter.
Friday, September 6 2019
By GCRU Gold News on Friday, September 6 2019, 01:24
Paxos Gold starts it's life with 24 tonnes of gold.
First major player in gold on the blockchain.
Friday, August 16 2019
By GCRU Gold News on Friday, August 16 2019, 06:07
Dignity Gold, LLC, a wholly-owned subsidiary of Dignity Holdings, LLC and a leader in cryptocurrency, today announced that through SION Trading FZE, it has hired Bureau Veritas, a world leader in testing, inspection, and certification (TIC) services, to count the gold backing its tokens. SION Trading FZE is supplying the safe keeping receipt (SKR) for the gold that is backing Dignity Gold and has entered into an official agreement with Bureau Veritas to verify and count the gold. Under the supervision of Joseph Chapman, North American Audits Manager, Metals and Minerals Division at Bureau Veritas, company executives in Dubai will be counting the initial $3 billion out of Dignity Gold's 395,000 kilograms of gold provided under the SKR agreement. The first verification will be completed in September 2019.
Tuesday, July 30 2019
By GCRU Gold News on Tuesday, July 30 2019, 00:32
A new debit card allows users to spend their gold like dollars.
U.K. fintech company Glint launched its debit card in the U.S. on Monday. It can be used anywhere a Mastercard is accepted. Glint’s card and app make gold “an alternative global currency,” according to the company.
Saturday, January 12 2019
By GCRU Gold News on Saturday, January 12 2019, 02:54
Arbitrade Ltd. (“Arbitrade”) is pleased to announce December’s shipment of gold from SION Trading FZE (“SION”) has been vaulted and secured in Dubai UAE. SION, procurement agent for Arbitrade, continues to increase its gold holdings through SION’s global mine network, via procurement contracts as mentioned in previous press releases. In addition, SION has provided $250 million in credit to facilitate these purchases on Arbitrade’s behalf.
Monday, January 7 2019
By GCRU Gold News on Monday, January 7 2019, 22:07
The company that is acting as the precious metals procurement agent for Arbitrade is set to become a major shareholder of the cryptocurrency exchange and coin company.
Arbitrade said in November that it had “title’”to 395,000 kilograms of gold bullion, which would be worth $16.2 billion at current prices, to back its coins and tokens. One of the tokens is called “dignity” and is in circulation.
Saturday, January 5 2019
By GCRU Gold News on Saturday, January 5 2019, 08:15
Advocates of sound money have dreamed of a gold-backed digital currency for many years.
Now, with the advent of blockchain technology, the dream of a viable, gold-backed digital currency is finally coming true. And the potential is enormous. Dozens of gold-backed digital currencies are sprouting up.
Tuesday, April 10 2018
By GCRU Gold News on Tuesday, April 10 2018, 01:48
One the of the world’s largest gold-producing companies is working with blockchain to stabilize virtual currency trading and, in time, to monetize the value of billions in currently stored gold.
The company, Vancouver’s Goldcorp, will back cryptocurrency transactions with physical gold held in an vault at the Royal Mint in Ottawa.
Monday, April 9 2018
By GCRU Gold News on Monday, April 9 2018, 00:59
In Dubai’s decades-old Gold Souk, customers from around the world haggle over bangles and necklaces. Elsewhere in the emirate, the region’s top center for gold trade, bullion is playing a new role in financial engineering.
A local start-up company founded last year, OneGram, is issuing a gold-backed cryptocurrency — part of efforts to convince Muslims that investing in cryptocurrencies complies with their faith.
The global surge of interest in bitcoin, ethereum and other cryptocurrencies extends into the Gulf and southeast Asia, the main centers of Islamic finance.
Friday, April 6 2018
By GCRU Gold News on Friday, April 6 2018, 01:04
“Use the #Ripple network to buy, spend and trade #Gold, #Silver, #Platinum, #Palladium and #Rhodium (XAU, XAG, XPT, XPD and XRH). For more information please visit eMetals platform”
Thursday, March 22 2018
By GCRU Gold News on Thursday, March 22 2018, 02:11
Digital payment systems have ballooned in popularity in India since the government scrapped large-value bank notes in 2016.
Among these offerings are applications that enable smartphone users to buy, sell or store gold - even in small amounts - kept in secured vaults operated by MMTC-PAMP India Pvt Ltd, a joint venture between MMTC Ltd, the largest national trading firm, and Swiss gold refiner PAMP.
Saturday, February 3 2018
By GCRU Gold News on Saturday, February 3 2018, 00:17
The blockchain has discovered gold (or gold has discovered the blockchain). Either way, this means several things. First, the decades-long dream of a gold-backed cybercurrency may finally be realized. Second, gold and probably silver are looking at a big new source of physical demand. Third, the huge number of gold-related initial coin offerings (ICOs) in this largely unregulated pipeline will require buyers to learn how to tell the legitimate offerings from the scams.
Thursday, February 1 2018
By GCRU Gold News on Thursday, February 1 2018, 22:52
The Royal Mint Bullion, the Royal Mint company that sells physical gold, is the first company to allow customers to hold gold-backed assets on Blockchain, Tom Coghill, RMG’s Commercial Lead, stated in an interview with Express.co.uk. Coghill also mentioned that one RMG coin is equal to one gram of gold, adding that “it’s real gold you’re holding when you’re holding our RMG.”
Tuesday, January 23 2018
By GCRU Gold News on Tuesday, January 23 2018, 23:17
Australia's biggest gold refiner, the Perth Mint, is developing its own cryptocurrency backed by physical precious metals.
The ambitious plan, which is subject to a confidentiality agreement, will make it easier for consumers to buy gold.
The mint also plans to make use of blockchain technology, first used as the core component of the digital currency Bitcoin, where it works as a public ledger for transactions.
By GCRU Gold News on Tuesday, January 23 2018, 02:37
Three versions of the Tiberius coin will be launched, each underpinned by a different investment strategy.
One will include nickel, cobalt and aluminum used to build electric vehicles. Another will be backed by copper, tin, zinc, metals used in high-tech sectors such as robotics.
A third will include precious metals gold, platinum and palladium, which are used as hedges against inflation and financial and economic uncertainty.
Monday, December 4 2017
By GCRU Gold News on Monday, December 4 2017, 23:20
The World Gold Council has filed for a new physical gold ETF. The Gold Trust will be very similar to the $35 billion SPDR Gold Trust (GLD), the world’s largest gold fund, but with key differences.