News with the tag "PAXG"

BitcoinWorld Paxos Gold (PAXG): Unlock Exciting Tokenized Gold Trading on Coinbase New York For cryptocurrency enthusiasts and investors in New York, a significant development has just unfolded. Paxos Gold (PAXG), a prominent gold-backed digital asset, is now fully accessible on Coinbase, one of the...

The world’s largest cryptocurrency exchange by trading volume will discontinue its P2P Cash Zone, a peer-to-peer service allowing users to buy and sell crypto for cash with registered merchants, on March 31, 2025. According to a March 3 email sent to users, Binance explained its reason for shutting ...

While spot bitcoin exchange-traded funds yesterday registered their largest-ever daily outflow as investors pulled out nearly $1 billion, spot gold ETFs continue to see large inflows, a potential boon for gold-backed cryptocurrencies. Physically-backed gold ETFs last week saw their largest weekly in...

Cryptocurrencies backed by gold have underperformed over the week as the price of the precious metal saw a significant drop after moving up more than 10% so far this year. The decline came as speculation surrounding Trump’s tariffs being a negotiating tool. Gold-backed tokens, including Paxos gold (...

Major financial institutions have been raising their gold price forecasts as the precious metal’s price benefits from growing trade war fears and central banks' accumulations. This week, strategists at both Citi and UBS issued increased gold price forecasts, anticipating the precious metal’s bull ru...

Gold-backed cryptocurrencies are outperforming the wider market amid a historic rally for the precious metal, which is up around 9.7% so far this year to a new record of $2,880 per ounce amid growing trade war tensions. PAX gold (PAXG) and Tether gold (XAUT) have benefitted greatly from the precious...

So close yet so far – that's the story for bitcoin (BTC) this Friday morning, as its price rally has stalled just shy of record highs amidst a continued rally in gold (XAU), traditional risk assets, and crypto tokens associated with them. BTC, the leading cryptocurrency by market value, changed hand...

The Paxos tokenized gold (PAXG) market on DeFi protocol Morpho Protocol suffered an exploit today, leading to a $230,000 loss. According to Chaos Labs founder Omer Goldberg, the incident was caused by a mistake during the setup of the Oracle pricing for $2.6 trillion. In a post-mortem of the inciden...

Gold market analyst Jan Nieuwenhuijs has recently examined the state of the precious metal market, revealing a significant surge in gold prices owes much to the dual engines of demand: the private market and the People’s Bank of China (PBOC). According to Nieuwenhuijs, the Chinese private sector’s g...

Gold has made consecutive new all-time highs year-to-date, drawing investors’ attention and fueling what was already a significantly increased demand. … Continue reading The post 2 gold-backed cryptocurrencies to invest in as demand skyrockets appeared first on Finbold .