Is Massive Gold Pump Reason For Bitcoin (BTC) Drop?
Gold might still be more favorable for avoiding risks
U.Today
Cardano Onboards Gold as It Welcomes First Ever $150,000 in Tokenized Gold
German-based real-world assets (RWA) tokenization platform Finest has launched tokenized gold on the Cardano network. In an X update, theā¦ The post Cardano Onboards Gold as It Welcomes First Ever $150,000 in Tokenized Gold first appeared on The Crypto Basic.
Mark Brennan
Ghana Launches Gold Coin Priced in Local Currency
Ghanaās central bank launched a gold coin to boost domestic savings and manage liquidity. The coins are available in October and priced based on the London Bullion Market Association auction price. Despite efforts to strengthen the cedi, Ghanaās currency continues to depreciate against the U.S. dollā¦
Terence Zimwara
Zimbabwe Devalues Gold-Backed Currency by 44%
The Reserve Bank of Zimbabwe (RBZ) has devalued the Zimbabwe Gold (Zig) by 44%, causing the currency to plummet from 13.98 to 24.3 against the U.S. dollar. This drastic move addresses rising exchange rate volatility and inflationary pressures that have plagued the economy since August. According to ā¦
Bitcoin.com
Is Bitcoin the Next Gold? Howard Lutnick Drops a Bombshell
The post Is Bitcoin the Next Gold? Howard Lutnick Drops a Bombshell appeared first on Coinpedia Fintech News In a recent interview with Fox Business, Howard Lutnick, the CEO of Cantor Fitzgerald, strongly criticized Bitcoin skeptics and made a bold statement in favor of BTC. His statement has triggeā¦
Vignesh S G
Bitcoin should be treated as a commodity, like gold: Cantor Fitzgerald CEO
Cantor Fitzgerald CEO Howard Lutnick advocates for Bitcoin to be classified as a commodity, citing its similarities to gold and oil.
Cointelegraph by Josh O'Sullivan
Mike McGlone ā Hedge Funds Push Gold Toward $3K Amid Global Market Uncertainty
In a recent interview, Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, emphasized the significant role of hedge funds in goldās ongoing price surge. McGlone shared his insights on the impact of macroeconomic factors, including Chinaās economic slowdown and the Federal Reserveās ā¦
Jamie Redman
Goldās Bull Rally Continues as Interest Rates Get Deep Cuts
The gold bull rally continued this Wednesday, as prices in COMEX reached all-time highs, surpassing $2,625 per ounce. Prices slingshotted up after the Federal Reserve announced larger interest rate cuts than some economists expected, lowering the rate by 50 basis points. This behavior had already beā¦
Sergio Goschenko
Gold looks more attractive than Bitcoin in hard times
Goldās lower volatility than Bitcoin gives it an edge when the markets wander in uncertainty, Maruf Yusupov, co-founder of the gold-backed stablecoin Deenar, told crypto.news. āThe reasons for this Bitcoin trend are not far-fetched and are hinged on the uncertaintyā¦
Wahid Pessarlay
UBS Expects Higher Gold Prices as US Dollar Weakens ā āGoldās Rally Has Further to Runā
Global investment bank UBS predicts continued pressure on the U.S. dollar and further gold price increases. āWe expect the U.S. dollar to stay under pressure as yield differentials narrow,ā UBS explained, adding: āGoldās rally has further to run.ā UBS highlighted that gold has gained over 24% this yā¦
Kevin Helms
Analyst Claims Saudi Arabia Has Covertly Bought 160 Tonnes of Gold Since 2022
Jan Nieuwenhuijs, a gold market analyst, claims that Saudi Arabia has been covertly buying gold since 2022, trying to get its hands on physical gold due to its neutral and sanction-proof traits. According to his figures, 160 tonnes have been acquired without disclosure, likely to avoid upsetting theā¦
Sergio Goschenko
Economist Peter Schiff Criticizes Lackluster Media Coverage of Goldās Bull Market
Peter Schiff, Chief Economist and Global Strategist at Europac, has criticized the lack of coverage that major economic media outlets have given to the recent surge in gold prices to record highs. However, Schiff characterized this lackluster coverage and the absence of experts addressing this subjeā¦
Sergio Goschenko