Tag: PAXG

Over the last six months, the value of an ounce of gold has witnessed a 3.8% surge in relation to the U.S. dollar. Within the realm of cryptocurrencies, there exist…

The market capitalization of tokenized gold assets has crossed the $1 billion milestone, coinciding with the near-record high price of gold. Tokenized gold, a form of stablecoin, mirrors the price…

The rise in gold prices has been attributed to mounting speculation about the United States Federal Reserve’s future policy following the release of jobs data.

Tokenized gold is a type of stablecoin that pegs its price to gold, while the tokens on the blockchain represent ownership of physical gold managed by the issuer.

Investors should seek refuge in these three safe-haven cryptos if they believe their funds are at risk of a crypto market crash.

PAX Gold is a gold-backed ERC-20 token, launched by Paxos, creators of Paxos Dollar stablecoin and itBit crypto exchange.

Paxos has reclaimed 11,184 Paxos Gold (PAXG) tokens worth $20 million taken during the FTX hack. The post Paxos recovers $20 million in gold tokens stolen in the FTX hack…

FTX was hacked for hundreds of millions in cryptocurrencies a few hours after filing for bankruptcy.