'Crypto will cause the next financial crisis': Precious metals boss
Metalla Royalty & Streaming CEO Brett Heath has warned that crypto will “lead the charge into the next financial crisis” and questioned the true intrinsic value of Bitcoin. The CEO of precious metals royalty and streaming company Metalla Royalty & Streaming, Brett Heath has warned that crypto will “lead the charge into the next financial crisis.” Metalla Royalty & Streaming is a Canadian-based firm founded in 1983 and has a current net worth of almost half a billion dollars. Metalla offers exposure to precious metals through gold and silver royalties and streams. Speaking to financial news....
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During an interview this week, Metalla Royalty & Streaming CEO, Brett Heath, explained that he believes cryptocurrencies will lead to the next financial crisis. The precious metals boss said history shows that “mass adoption of a new financial product” typically leads to a financial crisis. Precious Metals Exec Says the Public Embracing Crypto May Lead to a Financial Disaster Brett Heath is the CEO of Metalla Royalty & Streaming (NYSE: MTA) (TSXV: MTA), a company designed to generate leveraged precious metal (PM) exposure via royalties and streams for shareholders. On May 27,....
Amagi Metals. Bitcoin accepting precious metals companies have received much attention within the retail precious metals industry over the past few years. This week, some changes have taken place. Amagi Metals has relaunched after some time offline due to internal issues. Under new management, Amagi Metals is hoping to win the trust of the precious metals retail scene, even if it is slowly. Amagi Metals relaunched under the management of Anthem Vault. As a representative posted to Reddit: Hello r/silverbugs - I want to introduce the new Amagi Metals brand that is being released under the....
The US Financial Crimes Enforcement Network (FinCEN) ruled that companies using blockchain to transfer precious metals are money transmitters. This came in response to an inquiry from a company which issues digital proofs of custody through the bitcoin blockchain to transfer ownership of gold, silver, and the like. Prior to this ruling, companies that use blockchain to transfer precious metal ownership simply fell under the category of a dealer in precious metals, precious stones, or jewels. Now, FinCEN has clarified that they are also money transmitters, which means that the regulations....
Aurus is embracing the concept of DeFi to disrupt the precious metals industry. The firm has built a truly decentralised platform which allows companies like refineries, distributors and vaults to autonomously tokenise precious metals. The ingenious part of the Aurus system is their revenue-sharing token, AurusDeFi (AWX), which enables holders to earn a share of the platform’s revenues. Aurus to Disrupt the Precious Metals Industry Trading app Robinhood positions itself as democratising finance for all. However, the centralised nature of the platform- where one party holds the....
Dallas-based precious metals dealer JM Bullion is now accepting bitcoin. With the announcement, JM Bullion joins a growing list of US-based precious metals dealers that accept bitcoin for payments, including Agora Commodities and Amagi Metals. JM Bullion will accept bitcoin through a partnership with merchant processing startup BitPay. Customers will receive 4% discounts on bitcoin purchases, an offer also extended to those who pay with bank transfers and paper checks. Director of e-commerce Thomas Fougerousse said that he believes the decision enables the company to offer a better payment....