As Gold Prices Soar, Two Gold-Backed Tokens See Increased Demand Fetching Premiums

The last few months have bolstered the price of the precious metal gold as governments worldwide have created tremendous amounts of debt and inflation. For instance, the value of gold per ounce jumped over $2k during the first week of August. Meanwhile, similarly to the physical counterparts, two blockchain tokens that claim to be backed … Read more

5% Over Spot: Gold-Backed Tokens Tether Gold and Digix Sell for Higher Premiums

Digital asset markets have been gathering some gains during the last few days and tokens like stablecoins have seen massive demand since the start of the market carnage. Alongside stablecoins, gold-backed digital assets like Tether Gold, Pax Gold, and Digix Gold have seen tremendous trade volumes as well. In fact, cryptocurrencies that claim to be … Read more

Stablecoins Are Crypto’s Version of Fractional Reserve Banking

Stablecoins provide much sought after stability in the volatile crypto markets. They are sometimes even said to affect the price of bitcoin in drastic fashion. Tether (USDT) in particular continues to be widely scrutinized for this, with recent lawsuits about conflicts of interest and price manipulation being hotly contested. More important to dive into, however, … Read more

Stablecoins: Is Control the Answer to Crypto Volatility?

Cryptocurrency is notorious for its volatility, but what if there were a way to remove this constant problem? While a cryptocurrency like Bitcoin is fungible, portable, durable, tradable, and valuable, it lacks a stable value. Mom and pop stores and large firms alike have been wary of accepting Bitcoin payments because price fluctuations aren’t a gamble they … Read more