Gold Financial News

22.02 / 11:13

Gold Bitcoin Ruble Bitcoin dips to $36.4K as Ukraine move sends Russian ruble to near 6-year lows vs. dollar

Bitcoin (BTC) fell to fresh lows on Feb. 22 as the aftermath of Russia's expected incursion into Ukraine triggered more market woes.

18.02 / 21:17

Forecast Adoption Gold Bitcoin Bitcoin Holders Search for 'Hopium' as BTC Breaches USD 40K, Gold Rises

The bitcoin (BTC) price dropped again today, after losses in the stock market, geopolitical tensions, and prospects of rising rates weighed on sentiment in the digital asset market. However, some are hopeful that the worst is now behind us, with one leading institutional investor reminding bitcoiners that network growth is what matters in the long run.

08.02 / 05:53

Zerodha Gold crypto tax TDS on cryptocurrencies to drive volumes off the cliff: Nithin Kamath

Zerodha, says with tax deduction at source (TDS) at 1 per cent being implemented from July 1, crypto volumes in India will drop off the cliff. In a series of tweets, Kamath compared 1 per cent TDS on all crypto trades to tax collected at source (TCS) of 0.1 per cent on gold. «I assumed that the TDS is only on the gains,» he said. According to the provisions of this year’s finance bill, the buyer of a cryptocurrency has to deduct 1 per cent of the sale consideration and pay the amount as an advance tax to the government on behalf of the seller on every trade.

04.02 / 12:59

Stablecoin Adoption Gold New gold-based stablecoin by trading giant Mitsui reportedly on the way

Japanese trading house Mitsui is reportedly planning to issue a cryptocurrency pegged to gold, local news agency Nikkei Asia reported Friday.

29.01 / 09:35

cryptocurrency interview Gold Budget 2022 Gold will become cool, when cryptocurrencies become uncool: Nikhil Kamath

Nikhil Kamath, the co-founder of Zerodha and alternative asset management firm TrueBeacon, is buying gold and lots of it. The fund manager has already accumulated gold to the tune of 15 percent of the fund’s portfolio as he looks to hedge against the rising threat of inflation.

13.01 / 02:21

markets Gold Bitcoin Fidelity exec says Bitcoin is ‘technically oversold,’ making $40K a ‘pivotal support’

A painful retracement in the Bitcoin (BTC) market earlier this week sent the price below $40,000 for the first time since September 2021.

06.01 / 16:31

Adoption Investments Gold Bitcoin Billionaire Ray Dalio recommends ‘reasonable’ 1%–2% Bitcoin allocation

Hedge fund manager Ray Dalio remains bullish on Bitcoin (BTC) in 2022, listing three primary reasons why Bitcoin is “impressive.” In a recent interview with The Investors Podcast, he talked up gold and BTC as an inflation hedge.

05.01 / 14:55

Adoption goldman sachs Gold Bitcoin Bitcoin Could Reach USD 100K in Five Years If It Takes on Gold – Goldman Sachs

A bitcoin (BTC) price of USD 100,000 could become a reality if the cryptocurrency continues taking market share as a store-of-value asset from gold, according to a note from Goldman Sachs. Meanwhile, Bloomberg analyst Mike McGlone argues that 2022 could be the year gold shines again.

29.12 / 17:03

markets ETF Gold Bitcoin What BTC price slump? Bitcoin outperforms stocks and gold for 3rd year in a row

Bitcoin (BTC) may be down over 30% from its record high of $69,000, but it has emerged as one of the best-performing financial assets in 2021. BTC has bested the U.S. benchmark index, the S&P 500, and the gold.

24.12 / 08:57

RBI Gold Dollar RBI raises fresh concerns over stablecoins

Reserve Bank of India (RBI) has raised fresh concerns over stablecoins and said that any crypto asset pegged to the US

20.12 / 13:34

Gold companies Bitcoin Crypto attracts more money in 2021 than all previous years combined

crypto, or more than in all previous years combined for the little more than decade-old technology. That’s almost quadruple the previous high of around $8 billion in 2018, or the year following Bitcoin’s more than 1,300% breakthrough gain, according to transaction data compiled by PitchBook Data Inc.

09.12 / 16:21

markets Gold Bitcoin Bitcoin Price analyst Bitcoin could hit $100K, gold $2K in 2022 thanks to 'deflationary forces' — Bloomberg analyst

$100,000 Bitcoin (BTC) and $2,000 gold could greet 2022 as global markets face “deflationary forces,” says Bloomberg Intelligence.

30.11 / 01:55

markets Gold Bitcoin 3 reasons why traders expect Bitcoin to retake $60K before November ends

The cryptocurrency market saw a boost in sentiment after the price of Bitcoin (BTC) surged above $58,000 in a long-awaited move that rejuvenated traders who have been anxiously waiting for a resumption of the uptrend.

26.11 / 15:13

markets cryptocurrency Opinion Gold Cryptocurrencies a bad omen for gold

Historically, copper, gold, and silver coins were legal tender in the Indian subcontinent, and other regions across the world. Traditionally, in India, these metals have enjoyed acceptance as ‘sacred metals’ due to their religious, medicinal, and economic importance.

09.11 / 23:07

Forecast economics Gold Bitcoin Time Low 'Paper Money' Hits All-Time Low Against Bitcoin & Other Hard Assets – Pantera’s CEO

As bitcoin (BTC) reaches new all-time highs, the value of paper money has hit an all-time low against hard assets, as “inflation is everywhere,” according to Pantera Capital CEO Dan Morehead.

09.11 / 20:11

Ethereum Stablecoin Gold Bitcoin Token positions itself for security as the only one in the world with force majeure protection backup

When Bitcoin (BTC) first launched in 2009, critics were quick to raise questions about the impact of the lack of backing on the asset. This negative view was maintained even with the abandonment of the U.S. gold standard in 1971. Although fiat currencies offer no inherent value, this thought process has been enough to deter risk-averse investors from avoiding investing in cryptos altogether and others to abstain from using it in their day-to-day transactions.

07.11 / 16:25

Gold Jefferies Bitcoin Jeffries’ Chris Wood raises Bitcoin allocation at cost of gold

Christopher Wood, Global Head of Equity Strategy at Jefferies, has added another five percentage point allocation to Bitcoin in addition to the existing five percentage allocation initiated in December 2020. Wood has done this by reducing the weightage in gold by five percentage points.

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