Author Archives: The Gold Chronicle

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 According to the latest Fed data, gold stored at the NY Fed has dropped to a record low of 7,819 tons. 15.5 tons withdrawn between Jan-Feb 2018 alone.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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