Vault Partners with Prime Trust for Its Upcoming Gold-Backed/Redeemable, USD-Pegged Stablecoin

Vault Partners with Prime Trust for Its Upcoming Gold-Backed/Redeemable, USD-Pegged Stablecoin

TORONTO--(BUSINESS WIRE)--Vault, the Canadian-Swiss smart contract platform, today announces its partnership with blockchain-driven trust company Prime Trust. Under the partnership, Prime Trust will act as fiduciary and custodian of the LBMA gold bullion behind Vault’s gold-backed and redeemable, 1:1 USD-pegged stablecoin, USDVault, which will launch in Fall 2018. Vault is backed by a consortium of precious
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India Sells Treasuries And Buys Gold For The First Time In Nearly A Decade

India Sells Treasuries And Buys Gold For The First Time In Nearly A Decade

India’s central bank is actively selling treasuries to buy gold as de-dollarization around the globe continues. by Gayatri Nayak of The Economic Times Of India  MUMBAI, India — The Reserve Bank of India has bought gold for the first time in nearly a decade, signalling that the metal could be in demand as a store of value when
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Russian Gold-Backed Cryptocurrency May Be Used For Weapons Sales

Russian Gold-Backed Cryptocurrency May Be Used For Weapons Sales

Russian lawmaker Vladimir Gutenev, in an interview with the country’s Tass news agency suggested Russia should use gold-backed cryptocurrencies for collecting money from its export of weapons. The lawmaker said Russia should "consider the possibility of conducting transactions in cryptocurrencies that are linked to the value of gold." Such a move could allow Russia to sidestep
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Turkey to Bring Home All Physical Gold

Turkey to Bring Home All Physical Gold

We've seen Venezuela, Austria, Germany, Hungry, and the Netherlands all repatriate their physical gold lately. According to the latest Fed data, gold stored at the NY Fed has dropped to a record low of 7,819 tons. 15.5 tons withdrawn between Jan-Feb 2018 alone. And the gold keeps leaving. As of this morning we can add Turkey to
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JPMorgans Trial Puts Debt Issuance on a Blockchain

JPMorgans Trial Puts Debt Issuance on a Blockchain

JPMorgan Chase has partnered with National Bank of Canada and other major firms to trial a blockchain platform aimed to improve the debt issuance process. The investment bank said in a statement Friday that the trial, which took place on on Wednesday, mirrored a $150 million offering the same day by the National Bank of Canada
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HelloGold Receives Series A Funding From 500 Startups

HelloGold Receives Series A Funding From 500 Startups

Malaysia-based Fintech Investment platform, HelloGold, has been successful in securing Series A funding. Established in 2015, HelloGold has also made a mark as one of Malaysia’s first Fintech companies, allowing users to purchase investment-grade gold for a fraction of a dollar. In March, the company were among the winners of Malaysia’s first Fintech awards, securing the nomination and
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Gold Backed Money Based On Blockchain is Coming

Gold Backed Money Based On Blockchain is Coming

Countries are going to begin using digital gold-blockchain monies. Blockchain is fast, efficient and transparent. Governments can collect taxes directly on-chain with a centralized core, but distributed ledger. You'll spend money on a debit card like you do now, it will be very similar, you won't tell the difference in the way it spends. Russia and
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Goldcorp Deposits 3,000 Ounces of Gold in Blockchain ‘Milestone’

Goldcorp Deposits 3,000 Ounces of Gold in Blockchain ‘Milestone’

TORONTO (Reuters) - Goldcorp Inc made the first gold deposit on Tradewind Markets' new digitized trading platform, the companies said on Thursday, with 3,000 ounces of bullion from its Red Lake mine complex in Ontario. As old-school gold trading increasingly moves into the digital era, the deposit represents a "milestone" as the genesis block, or first
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A Blockchain Based Global Gold Standard

We are dedicated to news and information concerning a gold standard monetary system based on blockchain. Blockchain is capable of transacting gold-money with an efficiency and transparency never available until today.

Gold Blockchain Basics

Gold Blockchain Basics

It is difficult to entertain the idea of combining gold with blockchain without a thorough understanding of each. Government needs to assume responsibility for protecting and insuring our money considering how critical it is to the health of the country. A gold-backed blockchain system will give great faith in the health and security of our economic engine...

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Fiat Money & Rigged Markets

Fiat Money & Rigged Markets

Our fiat money system was designed to fail. The government borrows money from the Federal Reserve with interest attached. As time goes on, the debt compounds and raises exponentially. There comes a a time when that money is impossible to repay unless ever more is created, bringing about hyperinflation. The value of money drops...

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Gold-Backed Blockchain

Gold-Backed Blockchain

You won't be buying things with actual coins. You wont be using paper 'dollars' representing gold (as in the past). Those things won't even exist. The future is a digital money. Something incorruptible, verifiable and fast: a distributed blockchain ledger. Yes, it is similar to cryptocoins today. But not exactly, the difference is that the source...

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Vault represented on cryptocoin

Vault Partners with Prime Trust for Its Upcoming Gold-Backed/Redeemable, USD-Pegged Stablecoin

TORONTO–(BUSINESS WIRE)–Vault, the Canadian-Swiss smart contract platform, today announces its partnership with blockchain-driven trust company Prime Trust. Under the partnership, Prime Trust will act as fiduciary and custodian of the LBMA gold bullion behind Vault’s gold-backed and redeemable, 1:1 USD-pegged stablecoin, USDVault, which will launch in Fall 2018. Vault is backed by a consortium of…

russian military holding guns

Russian Gold-Backed Cryptocurrency May Be Used For Weapons Sales

Russian lawmaker Vladimir Gutenev, in an interview with the country’s Tass news agency suggested Russia should use gold-backed cryptocurrencies for collecting money from its export of weapons. The lawmaker said Russia should “consider the possibility of conducting transactions in cryptocurrencies that are linked to the value of gold.” Such a move could allow Russia to…

Turkey gold coin

Turkey to Bring Home All Physical Gold

We’ve seen Venezuela, Austria, Germany, Hungry, and the Netherlands all repatriate their physical gold lately. According to the latest Fed data, gold stored at the NY Fed has dropped to a record low of 7,819 tons. 15.5 tons withdrawn between Jan-Feb 2018 alone. And the gold keeps leaving. As of this morning we can add Turkey…

HelloGold.com logo overlay on digital gold bar wall

HelloGold Receives Series A Funding From 500 Startups

Malaysia-based Fintech Investment platform, HelloGold, has been successful in securing Series A funding. Established in 2015, HelloGold has also made a mark as one of Malaysia’s first Fintech companies, allowing users to purchase investment-grade gold for a fraction of a dollar. In March, the company were among the winners of Malaysia’s first Fintech awards, securing the nomination…

Russia Gold Vault

Gold Backed Money Based On Blockchain is Coming

Countries are going to begin using digital gold-blockchain monies. Blockchain is fast, efficient and transparent. Governments can collect taxes directly on-chain with a centralized core, but distributed ledger. You’ll spend money on a debit card like you do now, it will be very similar, you won’t tell the difference in the way it spends. Russia…

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