Author Archives: The Gold Chronicle

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 and award for Prominent in Wealth, Asset & Investment Management of the Year. The company is migrating the platform to Ethereum smart contracts in the second half of 2018 to enable greater transparency and security of gold transactions, and in January of…Read More

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 and China have been buying large amounts of gold and silver recently. Countries such as Germany, Netherlands, Hungry, Turkey and others have recalled all gold stored abroad. Look at bank balance sheets – JPMorgan has over 137 million ounces of…Read More

Digital gold text

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 step in the blockchain on Tradewind’s newly launched VaultChain, the companies said. “The combination of blockchain and gold is really the first way for investors to directly own gold in a financial instrument with no ongoing administration and storage…Read More

Oil and Gold

China’s Gold-Backed Yaun Goes Live Mar 26th

Authored by Nick Giambruno via InternationalMan.com, Not long ago, there was a popular joke in China that went something like, “Who is Xi Jinping?” The answer was, “The husband of Peng Liyuan,” the famous singer Xi is married to. Today, Xi is China’s president. He leads 1.4 billion people. And he’ll likely be the most powerful person in the world soon. As I mentioned last Wednesday, Trump’s new steel and aluminum tariffs are part of a larger, escalating battle between the US and China. China is rapidly displacing the US as the dominant global power. This…Read More

Russia Gold Vault

Soundest Fiat Currency in the World Right Now

Article taken from SilverDoctors We keep hearing the terms “global reset”, ‘monetary reset”, and “financial reset”, but resetting what to what, and how would that look? First, why would there be a reset? Resets happen quite regularly for reasons such as hyperinflation, default on debt, break-down of the system, and loss of confidence, etc. The last reset was in 1971 when Nixon closed the gold window. Prior to that, it was the Bretton Woods Agreement that came out of WWII. And now, we’re close to the point of the next reset. The way that a nation conducts a reset,…Read More

Gold Bar Domains Digital Gold

Could Domain Names be the Best way to Profit on Gold

The value of domain names are unknown to most. A domain name may be best described as digital real-estate, your storefront. People are judging your domain, usually before they even visit your website. A ‘good’ or ‘bad’ domain will usually determine the success of your site. A domain can be generic, or a brand. Generic domains are typically very valuable, often selling for over $1 million each, depending on the niche. An authoritative domain will lend you the credibility needed for a start-up. Would you buy shoes online from Shoes.com? How about SuperShoeStore.com? Probably not…Read More

Mastercard on wallet

Mastercard “very happy” to Consider Helping Government Issued Cryptocurrency

Banks have notoriously been steadfast in their opposition to cryptocurrencies, and this is for a very good reason. The peer-to-peer economic marketplace of digital currencies is a direct threat to the current financial monopoly held by banks and other financial institutions. Which is why it was surprising when an executive at Mastercard said that the credit card issuer was open to the overall use of cryptocurrency. However, there is a major catch to this announcement.   CRYPTO COLD FEET Mastercard has put a lot of time and effort into blockchain technology, but they’re not exactly a fan of…Read More

Golden CryptoCoins

Canamex and Other Miners Form Ethereum Blockchain Strategic Alliance

Canamex, Arizona, Guyana Goldstrike, Cabral Gold and Altamira Gold will work together on future crypto-token offerings which will help them to fund their various exploration and mining operations. More companies are looking to join the alliance, Canamex said. Canamex Gold Corp (CVE:CSQ) has formed an Ethereum Blockchain Strategic Alliance for gold and silver asset-backed crypto-tokens with four other junior mining companies. The other founding members of the alliance are Guyana Goldstrike Inc (CVE:GYA), Cabral Gold Ltd (CVE:CBR), Arizona Silver Exploration Inc (CVE:AZS) and Altamira Gold Corp (CVE:ALTA). The five companies will work together on future offerings of crypto-tokens…Read More

perth bars and mint coins

Cryptocurrency backed by gold being developed by Perth Mint

Australia’s biggest gold refiner, the Perth Mint, is developing its own cryptocurrency backed by physical precious metals. The ambitious plan, which is subject to a confidentiality agreement, will make it easier for consumers to buy gold. AUDIO: Perth Mint chief executive Richard Hayes talks about plans to develop a crypto-gold product (ABC News) The mint also plans to make use of blockchain technology, first used as the core component of the digital currency Bitcoin, where it works as a public ledger for transactions. In the 10 years since its inception, blockchain has been used to track transactions in industries…Read More

Queen of England in Gold Vault

UK’s Royal Mint Launches Gold-Backed Cryptocurrency

The UK’s Royal Mint, the institution responsible for producing all the physical money the country has for circulation, has announced the launch of its own gold-backed cryptocurrency. The Blockchain-based coin, called Royal Mint Gold (RMG), is a digital representation of gold stored in The Royal Mint vault. The Royal Mint Bullion, the Royal Mint company that sells physical gold, is the first company to allow customers to hold gold-backed assets on Blockchain, Tom Coghill, RMG’s Commercial Lead, stated in an interview with Express.co.uk. Coghill also mentioned that one RMG coin is equal to one gram of gold, adding that “it’s real gold…Read More

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