Microstrategy Chairman Michael Saylor is optimistic about the future demand for bitcoin, expecting it to double following the halving event and the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). According to Saylor, the next 12 months will be highly favorable for the asset class, and he has […]
Hong Kong Open to Allowing Trade of Spot Crypto ETFs Hong Kong is currently exploring the possibility of allowing the trading of spot cryptocurrency exchange-traded funds (ETFs) as long as the risks associated with these instruments are adequately addressed. According to Julia Leung, the CEO of the Hong Kong Securities and Exchange Commission, the city
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A Brief History of Monetary Gold Monetary Gold, a leading precious metals dealer, has been facilitating the purchase of silver and gold coins for investment purposes since 2000. What sets this company apart from its competitors is its direct partnership with precious metal dealers, which allows for competitive pricing and easier access to precious metals.
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Bitcoin: The Preferred Investment Cathie Wood, founder and CEO of Ark Investment Management, recently expressed her strong support for bitcoin's future. During an interview on Bloomberg's "Merryn Talks Money" podcast, Wood confidently stated that if given the choice between gold, cash, or bitcoin as a ten-year investment, she would choose bitcoin "hands down." Wood's preference
Introduction The decentralized finance (defi) protocol Aave's guardian announced on November 4th that it had temporarily paused the Aave V2 Ethereum Market and frozen certain assets on Aave V3 on Polygon, Arbitrum, and Optimism. This precautionary measure was taken in response to a reported issue with the protocol. The Aave team assured users that their
Fidelity's Director Thinks of Bitcoin as 'Exponential Gold' Jurrien Timmer, the director of global macro at financial services giant Fidelity, recently expressed his outlook on bitcoin, referring to it as "exponential gold." In a series of social media posts on platform X, Timmer shared his thoughts on Wednesday, stating: "In my view, bitcoin is a
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Fiat-Pegged Token Market Grows Modestly The stablecoin economy experienced growth in October after several consecutive monthly declines. A total of $608 million was added to the fiat-pegged token market, bringing its valuation to approximately $123.66 billion. However, despite the overall increase, six stablecoins out of the top ten saw reductions in their supply during the
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Introduction HSBC, one of the world's largest financial institutions, has announced the launch of a platform that will enable the tokenization of gold bullion. This new platform has the potential to revolutionize the gold trading industry, with a projected market reach of $525 billion. Streamlining Gold Trading The new tokenization platform will simplify the process
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Self-Directed gold IRAs are great as they allow you to invest in precious metals without having to work with middlemen. They are so simple that even your grandmother could use them! When you purchase physical silver, gold, palladium, platinum and Rhodium bars, coins, rounds and bullion, you get instant liquidity. But if you’d like to
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Explosive Growth in the Crypto Economy On November 2, 2023, the crypto economy is thriving, boasting a value of $1.31 trillion following a 2.88% increase in the past 24 hours. Bitcoin has notably surpassed the $35,000 mark, showing a 2.8% increase, while a wide array of two dozen digital assets have experienced double-digit growth this