Crypto Biz: Proof of integrity? Gold industry wants blockchain to solve its biggest problems, March 25–31, 2022

2022.04.02 09:46

Crypto Biz: Proof of integrity? Gold industry wants blockchain to solve its biggest problems, March 25–31, 2022

As Bitcoin (BTC) continues to eat away at gold’s market share, the bullion industry is looking to blockchain — the technology first made famous by BTC — to solve its most enduring challenges. How’s that for irony? Someone should really check on Peter Schiff.

Speaking of Bitcoin, a MicroStrategy subsidiary confirmed this week that it plans to buy more “digital gold” through a crypto-collateralized loan. Terraform Labs CEO Do Kwon also ramped up his Bitcoin purchases to provide solid backing for Terra’s UST stablecoin.

Gold industry taps blockchain for supply chain management and fraud prevention

MicroStrategy subsidiary will purchase Bitcoin after closing $205M crypto-collateralized loan

Terra smash-buys $139 million of Bitcoin, wallet reaches 31,000 BTC

11 companies form Canadian Web3 Council to advocate for comprehensive crypto strategy

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