Does the Soros Family have a Stake in Bitgold?
Bitgold, a Canadian startup looking to provide global access to gold through bitcoin, is set to go live in mid-February following the completion of its private beta phase. What has some raising an eyebrow in interest is that George Soros of Soros Brothers Investments seemingly holds a stake in the company, and some are wondering if the Hungarian-born business mogul and philanthropist suddenly has a newfound interest in cryptocurrency. George Soros has been a news figure since the 1970s, and has donated billions of dollars to a number of worthy causes including human rights, education and....
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BitGold has indicated that while it uses blockchain technology, it has pivoted from a focus on bitcoin. Canadian digital currency startup BitGold has successfully closed a $3.5m Series A funding round. Participants in the round included PowerOne Capital, Soros Brothers Investments, Sandstorm Gold and PortVesta Holdings. Notably, the man behind Soros Brothers Investments is Alexander Soros, the son of billionaire investor George Soros. The Toronto-based company offers a consumer-focused Internet platform for global blockchain payments, alongside access to secure and redeemable gold for....
BitGold Inc. has announced the public launch of the BitGold platform, a software service that connects gold storage with payment networks, resulting in a banking-like platform for gold. The announcement refers to the BitGold platform as a "new global operating system for gold." In fact, BitGold is a digital payments platform that connects gold stored in real-world vaults with online payments. Though the BitGold press release emphasizes that BitGold is not a cryptocurrency like bitcoin, there are similarities. In particular, the BitGold platform allows for the quick settlement of gold....
Bitgold Review. This Bitgold review discusses how the gold payment startup BitGold acquired the operations and intellectual property of the leading consumer gold storage company GoldMoney.com. The acquisition of the company will be in exchange for 1,169,794 common shares in BitGold, a public company trading on the Toronto Stock Exchange. GoldMoney, since its founding in 2001, has amassed 20,000 customers, 135,000 user sign ups and manages more than $1 billion in assets. In a BitGold press release, the startup said the acquisition will lower its operating cost and give them a ready-made....
Fearing a possible EU collapse, and attempting to diversify away from a volatile dollar, billionaire George Soros has begun heavily investing in gold stocks. According to a Wall Street Journal article, Soros Fund Management, the $30 billion fund which oversees Soros’s investments, made a series of large investments into precious metals. Soros bought a $264 million stake, or 1.7% in Canada-based Berrick Gold, while cutting investments in US-based stocks by one third. Hedging against potential EU collapse triggered by “Brexit”. Soros is aligning his investments with precious metals in....
BitGold has raised $3.5 million from venture capitalists to fund their attempt to digitize gold. BitGold Inc. (not to be confused with Bitreserve's similarly-named bitgold) has just concluded a $3.5 million investment round ahead of its Q1 launch. The company hopes to make gold a viable payment medium once again by offering a multi-faceted platform that includes a gold exchange, a custodial vault, and a payments service. Also read: Gold And Silver On The Blockchain: DigitalTangible Partners With Agora Commodities. BitGold Inc. Concludes $3.5 Million Investment Round. Gold has served as a....