Metal(MTL)

Bitcoin price is closely linked to several financial assets but the reasons for correlation with certain precious metals and stocks can be quite different.

The four people, alongside their unincorporated entity, promised investors extremely high returns.

After a partial Ripple’s win against the SEC, many believe that the latter will file an appeal – law expert James Murphy offers four possible future scenarios for the case. Ripple Wins the Lawsuit against the SEC... or not yet? On July 13, 2023, Judge Analise Torres partially ruled in favor of Ripple Labs in the case against the U.S. Securities and Exchange Commission’s (SEC), putting an end to a 3-year-long crusade. The historic victory made the XRP token skyrocket in value and sent the bullish wave to the whole crypto market. However, some believe that the battle is not over yet, as the SEC still has the option to file an appeal. Law expert James Murphy known on Twitter as “MetaLawMan” has shed some light on the matter. In his recent Tweet of July 25, Murphy identified four options the SEC currently has and described how each could work. So, What Could the SEC Do Next? According to the expert, the first option on the table for the SEC is to file a request for an interlocutory appeal. At the moment, the SEC doesn't have the unilateral right to appeal as the final judgment has not been entered yet. To proceed with an interlocutory appeal, the SEC would need to ask the permission of Judge Torres and the Second Circuit Court of Appeals. To get this permission, Murphy explains that the SEC would need to prove that: “The ruling involves a controlling question of law; There is substantial grounds for difference of opinion on that question; An immediate appeal may materially advance the litigation.” There’s no deadline for the initial request, although it’s likely to be done within 30 days. In case Judge Torres agrees, the SEC would have 10 days to seek permission from the Second Circuit Court of Appeals. The second option for the SEC is to start a trial on the aiding and abetting claim against Larsen and Garlinghouse and file a regular appeal after. Another potential path for the SEC is to drop the claim against Larsen and Garlinghouse. This would allow the SEC to take an immediate appeal without seeking permission. Finally, the SEC has the option to settle, although Murphey believes that it’s highly unlikely due to the political considerations. James Murphy concludes that the first option is the most probable because the SEC is under pressure to get the Torres decision reversed and because the Ripple case could influence lawsuits against other crypto platforms such as Coinbase and Binance. Overall, the expert is quite optimistic about the Ripple’s chances: “I expect the SEC to file a request for interlocutory appeal within the next 2 weeks. I believe it would be in the best interests of Ripple & the #XRPCommunity for the appeals process to start now--rather than a year from now. And I like Ripple's chances on appeal.” Meanwhile, the price of XRP has been shining green in the last 10 days, even though it still hasn’t reached a $1 mark. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Kennedy's possible cabinet could back 1% of issued T-bills with bitcoin or precious metals, whereas later it could dive deeper.

Autentic, the ecosystem of digital financial assets, has announced its native token AUt presale for institutional and private funds, partners, and investment companies. It is scheduled for September 1st and will last only a few weeks. During this period, major investors will have the opportunity to buy AUt at a special price of $0.20. "At the initial token sale stage, we focus on large institutional and private investors, as well as on our partners who have supported the project development. They will get special purchase terms with a minimum vesting period of 9 months. We also limit the average trade within $3,000 and the number of presale participants,” stated the company. In total, Autentic plans to issue 100 million AUt, which will be used as an internal settlement for accessing platform services, paying fees, and serving as an investment instrument. The company will launch a Savings feature in the fall, providing the opportunity to earn up to 25% APY. Other benefits the company provides to its investors: predictable investment returns, 24/7 trading, low fees, and full decentralization without regulatory pressure. “By the end of this year we plan to launch Autentic Pay payment system, Autentic Capital platform for Security Token Offerings (STO) and initial asset offerings, Autentic Market - a marketplace for digital assets. In 2024, the company will list AUt on centralized cryptocurrency exchanges and launch decentralized platform Block DEX for secondary asset trading,” shared the company. In the near future, the release of the following digital assets will be available to users: Autentic DAO token (ADT), EIP-20 token that essentially serves as a match to company shares. It grants holders the right to receive distributed profits from ecosystem activities and participate in decision-making processes that determine the overall direction of the company development. A total of 2.5 million ADT tokens will be released. But there will be no public sale for these tokens. AUtentic Gold (AuG), EIP-20 token - a digitized version of real gold, pegged to the precious metal quotes on Shanghai Stock Exchange. Token holders can have the opportunity to get gold bars from 1000 grams at the offices of partner banks. Currency tokens Within the Autentic ecosystem, currency tokens of BRICS, SCO, and EAEU countries will be released following EIP-20 standard. These tokens will reflect the amount of fiat currency held in Autentic bank accounts in various currency locations. These tokens will be released at 1:1 ratio based on Proof of Reserves (PoR) consensus, combined with financial audits that serve as a proof of financial funds corresponding to the number of issued tokens in Autentic accounts. Currency tokens will be utilized as key components in creating smart contracts within Autentic ecosystem. They will serve for internal accounting, calculation and investment in the system, facilitating fund transfers and payment procedures via Autentic PAY. Deposit, withdrawal, exchange and redemption of currency tokens for real funds will be made via smart contracts. The ecosystem will also include: Autentic DAO, decentralized autonomous organization (DAO), where participants can vote for particular decision-making, ecosystem development and receive distributed profits from company activities. Autentic Capital, platform for initial listing of crypto assets, equity raising for issuing companies in Autentic platform, investing in promising projects and businesses. Autentic Market, marketplace for real digitized goods and services that can be purchased using currency and metal tokens like RUR.s, CNY.s, SAR.s, AuG, or any other currency tokens representing BRICS, SCO, and EAEU countries available on the platform. Autentic PAY, blockchain payment system, designed for fund transferring and without fee transactions, using any cryptocurrencies, approved for circulation within Autentic ecosystem, as well as issued currency tokens based on Proof of Reserves (PoR) protocol and pegged to real fiat currencies held in company accounts. Autentic ID, unique system for verifying transactions and confirming identity with the built-in rating system based on SoulBound technology. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

A new project is changing the face of the crypto market. Armed with a riveting presale success, this new token, Golteum (GLTM), is giving the big fries a run for their money.  The Golteum (GLTM) multi-asset project offers users a transparent and accessible platform for trading and ownership of precious metals and cryptocurrencies. With a […]

At the BRICS summit on August 22, a new currency is to be announced which will be pegged to commodities, and gold in particular. Central banks around the world bought almost 230 tons of gold in the first three months of this year, which is the most buying of gold in a single quarter that has ever been seen. Precious metals price suppression That the price of gold is still depressed perhaps bears testament to how the price of precious metals is being suppressed by the big commercial banks on the London Bullion Metals Exchange (LBMA) and the Commodities Exchange (COMEX). However, as the alleged price suppression continues, large entities are able to buy gold and silver at rock-bottom prices in preparation for a world where tangible resources are much more likely to be valued than fiat currencies printed out of thin air. The recent dumping of the gold and silver prices after huge shorting took place might be one of the western commercial banks’ last ditch attempts to keep both gold and silver from rocketing higher, which would have the potential to tear the heart out of the dollar. The BRICS nations The BRICS nations is the term for the original five countries that compose this trading block: China, Russia, India, Brazil, and South Africa. Saudi Arabia is among one of 25 other countries that are formally applying for membership of BRICS. The BRICS nations hold and produce a significant share of the world’s resources. China and Russia are the 6th and 7th biggest gold producers in the world, and Saudi Arabia and Russia are 2 of the 3 largest energy producers. With China, India, Brazil, and Russia, BRICS has 4 of the 7 largest countries in the world measured by land mass, and also 4 of the 9 largest populations. If 50% of the world’s wheat production is also put into the mix it can be seen that the BRICS nations have a massive amount of power and should they put up a rival reserve currency to the dollar they will need to be taken extremely seriously. Creation of a new bond market Some analysts and detractors might say that a BRICS reserve currency cannot really get off the ground without a deep and liquid bond market to underpin it. Be that as it may, renowned economist Jim Rickards has posited that this could be done if BRICS+ created a bond market in around 20 countries at the same time. With the massive population that the BRICS have, retail investors could be encouraged to buy the bonds, much like what happened with the Liberty Bonds, which were used in the US for the financing of the war in 1917. If all this should come to pass then the financial upheaval and turmoil in the West, where currency is based on nothing, has the potential to completely change the world order. There is not much time left for retail investors to protect themselves with gold, silver, and bitcoin. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Cryptocurrency exchange LBank has announced the launch of the first unlimited crypto credit card. According to a press release, world-leading crypto exchange LBank announced the launch of the world’s first unlimited cryptocurrency credit card. The card will be available in both physical and virtual forms and aims to break the boundaries of crypto payments. LBank’s crypto credit card allows its users to make any purchase and payments directly with cryptocurrencies granted by the exchange. The card will also support local cash withdrawals. The exchange’s nine million users are expected to have access to its new service in Q3 2023, with its VIP users enjoying early-access privileges. The press release further states the card will have no spending or withdrawal limits and may be used on payment platforms such as Google Play. No information regarding fees and charges is currently available, but such information will be announced before the card’s release. LBank’s founder, Eric He, commented: For us, an important point is that users from all over the world can order and use our credit card. Our vision is to make crypto assets safer and circulation freer. Launching our own credit card is a significant step towards achieving this goal. The LBank credit card can be ordered from the exchange’s website and is offered in various options, including a metal version. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

In the ever-evolving world of cryptocurrencies, Golteum (GLTM) emerges as a trailblazer in the realm of multi-asset Web3 platforms. As a cutting-edge platform that merges the benefits of various asset classes, Golteum empowers users to trade precious metals and cryptocurrencies seamlessly. With a focus on accessibility, control, and the integration of tokenized NFTs with crypto […]

By predicting Bitcoin might attain half of the precious metal’s market cap, the CryptoLaw founder sought to highlight his belief that the current market price is an attractive entry point for...

It has been an impressive start for Sparklo in the crypto space with many investors lining up to be part of the revolutionary project. Sparklo, which is a novel cryptocurrency, is set to redefine the crypto use cases by linking cryptocurrency to the precious metal industry trading. Meanwhile, KuCoin Token (KCS) and Tezos (XTZ) have […]

The potential choices for investors seeking profits and stability are Golteum (GLTM), Litecoin (LTC), and Cardano (ADA). Golteum is a new crypto project that tokenizes precious metals like gold as an investment. Cardano is a proof-of-stake blockchain platform that aims to allow change-makers, innovators, and visionaries to bring about positive global change. Litecoin is a […]

With a comically loud horn, a candy machine and a jukebox filled with Mozart, metal and more, it's the "Bitcoin Ambassadors" rally car adventure.

The fluctuating nature of the crypto market has left many cryptocurrencies in the trenches as investors mull their next line of action. While this is going on, Sparklo has reinvented the wheel of crypto trading by aligning the precious metal industry with the crypto market. Having seen the features of Sparklo, Investors are joining the […]

The Cardano exec loans out his private jet regularly to other high-profile individuals.

The firm has so far received $20 million out of its $100 million target for the fund.

As the Administration looks to re-shore and clean up the EV industry, blockchain technology offers a means to ensure transparency, says Qichao Hu of the Li-Metal EV battery manufacturer.

The integration will allow users to instantly convert cash to stablecoin for use in DeFi protocols.

The financial advisory and accounting firm also revealed that Tether held roughly $3.4 billion worth of precious metals.

The Sparklo project has been making waves in the cryptocurrency market, attracting loads of investors due to its innovative features. This behavior backs up the predictions that the Ethereum based metal investment platform will be able to outperform major cryptocurrencies like Ethereum (ETH) and Dogecoin (DOGE). Currently Ethereum (ETH) and Dogecoin (DOGE) are struggling to […]

Contrasting fortunes for different cryptocurrencies. While Polkadot (DOT) is continually shrinking, Tron (TRX) has shown some promise to get back on its feet. However, the game changer is set to be Sparklo – an amazing blockchain-based precious metal platform running the show in the crypto market. Will these trends continue or will we see a […]

New players are surfacing as the Bitcoin industry develops, which has the potential to upend everything. One of these participants is Sparklo (SPRK), and industry insiders believe great things are in store for this blockchain-based investment platform. Sparklo is swiftly gaining momentum since it can provide fractional investments in precious metals, including silver, gold, and […]

If you’re interested in new crypto projects with great promise, Sparklo is worth checking. This innovative token, backed by physical gold and other precious metals, offers unique tokenomics and strategic partnerships that set it apart from the competition. Sparklo stands out as a promising contender for investors seeking massive growth potential. In this article, we’ll […]

Nevertheless, the Rich Dad, Poor Dad author continues to bet on the precious metal.