U.S. Government holds gold that is accounted for at 60 times lower than the current market. A new bill proposes revaluation, using the surplus to buy some bitcoins.
For all the key details of new blockchain projects in the banking world, real-world asset (RWA) tokenization, stablecoins, and central bank digital currency (CBDC) updates, the Observers 'Banking and CBDC Roundup' has you covered.
This week HSBC pushed the adoption of tokenized RWA forward by opening its gold
Gold smuggling costs Ghana $2 billion in lost revenue. The head of the national company announced an initiative to put the tracking on an immutable ledger. The move aims to recapture that loss, stabilize the national currency, and ensure fair pricing.
Gold smuggling costs Ghana $2 billion in lost revenue. The head of the national company announced an initiative to put the tracking on an immutable ledger. The move aims to recapture that loss, stabilize the national currency, and ensure fair pricing.
U.S. Government holds gold that is accounted for at 60 times lower than the current market. A new bill proposes revaluation, using the surplus to buy some bitcoins.
For all the key details of new blockchain projects in the banking world, real-world asset (RWA) tokenization, stablecoins, and central bank digital currency (CBDC) updates, the Observers 'Banking and CBDC Roundup' has you covered.
This week HSBC pushed the adoption of tokenized RWA forward by opening its gold
The past few days have seen a surge in investment into Bitcoin ETFs, with BlackRock's iShares Bitcoin Trust amassing over 105,000 BTC. This uptick highlights the increasing confidence of institutional investors in digital assets.
Tether continues to expand the list of exchanges where users can access gold-referenced XAUT and Euro-referenced EURT. BitMart and MEXC Global exchanges have announced the listing of stablecoins.
Bank of America has highlighted the tokenization of real-world assets, including funds, equities, and commodities such as gold, as a “key driver of digital asset adoption.”
The authorities in Russia and Iran are discussing the creation of a stablecoin tied to gold. The "Token of the Persian Gulf region" will be used for cross-border payments, but first a legislative framework for regulating cryptocurrencies is required.