Gold-Backed Cryptocurrencies Surge Amid Rising Global Trade Tensions
The value of gold-backed cryptocurrencies has surged as global trade tensions intensify following the April 2 tariffs imposed by US President Donald Trump. Tether Gold (XAUT) and Paxos Gold (PAXG) both set new records on April 22, with XAUT reaching $3,529 and PAXG peaking at $3,520, according to CoinMarketCap. Meanwhile, two other gold-backed assets, Quorium […]
Nexo Returns to the US, with Trump Jr. Supporting Crypto Growth
After navigating previous regulatory issues, cryptocurrency platform Nexo has announced its comeback to the US market. The company’s return was marked by a special event on April 28, where Donald Trump Jr. appeared as a guest. During his speech, Trump Jr. expressed strong support for cryptocurrencies, stating: “We believe crypto represents the future of finance […]
Strategy Acquires 15,355 Bitcoin for $1.42B Amid Price Surge Above $90K
Strategy, led by Michael Saylor, expanded its Bitcoin reserves once again last week as Bitcoin’s price soared beyond $90,000. In an update on April 28, Strategy confirmed that it had purchased 15,355 BTC between April 21 and April 27.The firm spent a total of $1.42 billion, paying an average price of $92,737 per Bitcoin. This […]