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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied De Nederlandsche Bank (DNB) revealed that it recently completed the transportation of 15 billion euros worth of gold bars, coins, and banknotes on Dutch roads over the past four weeks. The operation involved relocating the Dutch stock
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A recent Gallup Poll reveals a significant decline in the percentage of Americans favoring real estate as their preferred long-term investment, despite its continued popularity. Conversely, the Gallup survey indicates that the perception of long-term investments in gold has experienced an almost twofold increase compared to the previous year’s poll
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Palantir also revealed that it closed the quarter with $1.62 billion in US Treasury securities. Software company Palantir Technologies (NYSE: PLTR) has sold all the gold bars it acquired in August 2021. The company invested $50.9 million to buy 100-ounce precious metal, which it said will be initially kept in a secure
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Tether continues to dominate the stablecoin market with a market cap of over $82 billion and is currently the third-largest cryptocurrency by market cap. On Wednesday, May 10, stablecoin issuer Tether released the results for the first quarter of the year (Q1 2023) announcing a net profit of a staggering $1.48
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According to the Q1 attestation signed by financial services firm BDO Italia, Tether held about $2.44 billion in excess reserves of the $79.4 billion Tether-issued tokens in circulation as of March 31. That surplus was at an all-time high, Paolo Ardoino, chief technology officer of Tether, said in the announcement. Source
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Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue, Bolivia passes a law to sell gold for dollars, the Central Bank of Argentina bans fintech companies from using crypto, and Fitch improves El Salvador’s
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Central banks have continued to consistently purchase gold during the first quarter of 2023, according to the latest report of the World Gold Council (WGC), the global gold statistics organization. Central banks added nearly 230 tonnes of gold to their national reserves, representing a 176% rise compared to the purchases
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The crackdown has increased pressure on crypto firms, JPMorgan said, but more importantly there is still no clarity on important issues such as ether’s (ETH) status as a security, which will ultimately impact the cryptocurrency’s demand and liquidity. Source
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Bitcoin (BTC) reclaimed $29,000 overnight into May 4 as the United States banking crisis risked spawning new victims.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewGold, Bitcoin benefit from U.S. banking mayhemData from Cointelegraph Markets Pro and TradingView tracked a swift change of mood for BTC/USD, which hit $29,242 on Bitstamp.The pair
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Following a quarter-point increase in the federal funds rate by the Federal Reserve on Wednesday, precious metals such as silver and gold experienced a surge in value against the U.S. dollar, with gains ranging from 0.87% to 1.18%. Gold, in particular, has been on an upward trajectory, having risen by
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