Gold-Backed Cryptocurrencies Surge as Precious Metal Hits Record Amid Trade War Worry
The precious metal has rallied nearly 10% so far this year while most top cryptocurrencies struggled to stay in the green.
The precious metal has rallied nearly 10% so far this year while most top cryptocurrencies struggled to stay in the green.
The bank expects institutional inflows into spot bitcoin ETFs to grow as volatility drops, leading to significant price appreciation in the long term.
The crypto-data veterans shared venture backers and product lines.
The fund is backed by a number of big-name investors in the blockchain venture capital sector including Hack VC, Delphi Ventures and OKX Ventures.
Over 2.6 million bitcoin in supply are currently at a loss, one of the highest levels this year.
According to the blockchain analytics firm, less than half of recorded ransomware attacks resulted in victim payments.
Traders have been loading the yellow metal on U.S.-bound planes. Investment banking giant JPMorgan plans to deliver $4 billion of gold to New York this month.
Total net inflows for U.S. bitcoin-listed ETFs have seen over $40.6 billion.
The crypto exchange whose parent company is backed by Peter Thiel revived its public listing plans shelved in 2022.
“One possible failure mode for XRPL is if all the validators think something’s wrong with the network, all refuse to send any validations,” the Ripple CTO explained.