Tag: GoldBacked
Gold-Backed PAXG Token Spikes to $2.9K Amid Geopolitical Tensions
Bitcoin traded at a perfect negative correlation to PAXG in a sign of weak demand as a geopolitical hedge, according to one observer.
www.coindesk.co [...]
Zimbabwe turns gold-backed digital token into payment method
On Oct. 5, the gold-backed digital token under the name Zimbabwe Gold (ZiG) officially kicked off as a payment method. The launch was announced by the [...]
Zimbabwe central bank close to introducing gold-backed digital tokens into retail
The Reserve Bank of Zimbabwe (RBZ) expects to launch its gold-backed digital token (GBDT) for retail use soon, the RBZ has stated. This follows the to [...]
Zimbabwe’s Gold-Backed Digital Token Isn’t Enough to Stabilize Local Currency, Economists Say
The reason experts are skeptical of the gold-backed digital token’s prowess is because it may not be enough to stop money supply growth, which is the [...]
Zimbabwe sells millions of gold-backed crypto tokens despite IMF warning
The Reserve Bank of Zimbabwe has sold 14 billion Zimbabwe Dollars’ worth of gold-backed digital tokens worth around $39 million despite a warning from [...]
Zimbabwe sets price to sell gold-backed digital tokens
Zimbabwe's central bank has set a price for its gold-backed digital tokens. The country is planning to sell its gold-backed digital currency to invest [...]
The Reserve Bank of Zimbabwe Encourages Citizens to Subscribe to its Gold-Backed Digital Currency
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Zimbabwe’s central bank to issue gold-backed digital currency: Report
The Reserve Bank of Zimbabwe is set to introduce a gold-backed digital currency to serve as a legal tender in the country. The move is a government in [...]
Texas’ gold-backed digital currency project: Law Decoded, April 3–10
The topic of central bank digital currencies is in the crossfire of United States politicians, with figures like Ron DeSantis and Ted Cruz trying to p [...]
Texas lawmakers propose a gold-backed state digital currency
Two Texas lawmakers have introduced identical bills for creating a state-based digital currency backed by gold, a move that comes despite objections f [...]
Russia’s largest bank issued gold-backed digital financial assets
Russia’s largest bank Sber — formerly known as Sberbank — reported the first issue of gold-backed digital financial assets (DFAs). The bank considers [...]
What is a gold-backed token and how does it work?
What is a gold-backed cryptocurrency?A gold-backed cryptocurrency is a type of digital currency that is backed by physical gold. The currency’s value [...]
Gold-Backed Stablecoin Can Help Russia Circumvent Sanctions, Government-Owned Bank Suggests
Researchers at Russian bank VEB suggested the country issues a gold-backed stablecoin for international payments to evade sanctions.
www.coindesk.com [...]
As crypto takes a nosedive, gold-backed tokens ensure investors won’t crash too
In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance (De [...]
Bitcoin’s Correlation With Gold-Backed PAXG Token Weakens to Record Low
"This reflects BTC's increasing correlation with macro stock indices as well as its recent behavior as a risk asset rather than a store-of-value, and [...]