US Gold Dealer Launches “Gold-Backed” Coin
Las Vegas based US precious metals dealer Anthem Vault announced the launch of its new altcoin dubbed “Independence Coin.” President Richard M. Nixon announced back on August 15, 1971, that the U.S. would no longer officially exchange dollars for gold and many are still referring to that decision as one of the biggest mistakes ever. So perhaps it doesn’t come as a surprise that some cryptocurrency founders are making inroads to fill that void. "This coin stands for currency independence and demonstrates the use of cryptocurrencies as micro-gold weighted instruments in commerce."
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DigitalTangible has launched a new precious metals service that aims to target gold bar and coin owners who may be considering the digital currency market. Called Bitcoin4Gold, the service allows verified users to mail physical gold to its dealer network, which can then be exchanged for bitcoin, litecoin, dogecoin or darkcoin. The product is the latest from crypto 2.0-powered gold and bitcoin trading service DigitalTangible, which launched its exchange service in September. DigitalTangible allows users to move between bitcoin and gold, and to receive cryptographic tokens that represent....
The United Kingdom-based gold dealer, Ash Kundra, has claimed that he recently ran out of gold coins and bars after the demand for the precious metal skyrocketed. The pound’s plunge to a record low versus the dollar, as well as the turmoil in financial markets, is said to be the cause of the sudden increase in demand for the precious metal.
Demand for Gold ‘Increased Exponentially’
A United Kingdom-based gold dealer, Ash Kundra, has revealed that he repeatedly ran out of gold coins and bars in the days that followed the United Kingdom treasury chief Kwasi....
Today DigitalTangible, a leading Bitcoin-Gold platform and precious metals custodian, announced their partnership with Amagi Metals, a gold bullion dealer. Together the two have created a trading platform for physical gold, cash and Bitcoin. The CEO of Amagi Metals, Stephan Macaskill, made the announcement with DigitalTangible saying, "We are thrilled to be working with DigitalTangible. Our competitive premiums matched with their efficient service leveraging the Bitcoin Blockchain helps gold buyers worldwide meet financial goals. No one wants to work with a third party anymore. Bitcoin is....
Want to use your computer to mine for gold from the comfort of your own home? A new decentralized gold-backed cryptocoin called INNcoin was publicly released Wednesday by U. S. precious metals dealer Anthem Vault, and it allows you to do just that. Other than the cost of personal resources used by your computer, the entire process is free and largely an educational and promotional experiment that Anthem is conducting in a proof-of-concept fashion - to both raise awareness and demonstrate how alternatives to the fiat system can work. Officially named Independence Coin, InnCoin was developed....
Last month, Sweden’s largest precious metal dealer posted a notice that their bank account had been closed without their consent. Tavex Guld & Valuta posted a notice on June 30th that their bank account had been unilaterally closed. This left the dealer without an efficient way of accepting payments for good, racing to establish a new payment system. Shut down because of banks pushing for a cashless society. A notice screenshotted from the Tavex website read as follows: “Best customer, We hereby announce that as of 15:30, Thursday, June 30, 2016, we can no longer accept bank transfers....