Are Gold-Backed Tokens Worth Investing During Crypto Bear Market?

The crypto market is under the complete control of bears, investors taking short positions to profit from declining prices. In this unstable environment, new capitalists are fearful or skeptical when funding projects. Instead, they turn to more reliable assets that would not wipe out their portfolios when or if they flop. Gold-backed tokens represent a category of assets ready to provide portfolio stability and allow investors to overcome the bear market without too many losses. On the contrary, gold-pegged tokens…

Could Crypto Users Turn to Gold-Pegged Tokens Amid Bear Market?

Gold maintains its safe-haven status, while comparison with Bitcoin and stablecoins persists.   Gold has been a proven protective hedge against inflation for years. Now in the persisting aftermath of Terra’s collapse and continued geopolitical tensions, some crypto investors might be turning to gold-pegged tokens to weather the crypto winter.  Stablecoins’ Struggles Spotlight Gold Stablecoins were created in response to crypto’s volatility. They are a hybrid between the volatility of cryptocurrencies and the stability of fiats or commodities. This means…

AABB – How Asia Broadband Creates More Business Opportunities by Linking the Gold and Crypto Markets

Asia Broadband Inc. (OTC: AABB), a resource company in the precious and base metals business, is rolling out one crypto-related service after the other in a bid to connect the gold and crypto markets. So far, the company has released a gold-backed token (AABBG), a crypto exchange, and a crypto wallet. Currently, it is ready to launch a crypto payment gateway, PayAABB, expanding its ecosystem and bridging the gap between gold and crypto. In this AABB review, we look closely…

Aurus: Making Gold as Easy as Money

Gold has long since been considered a safe asset. Therefore, it is no surprise that experts are always looking for ways to come up with gold-backed digital assets. However, the search for gold-backed digital assets intensified after Bitcoin’s price reached parity with gold in 2017. Blockchain technology has long established itself as a secure accounting method and has brought about a new approach to searching for these assets.  There have been several gold-backed cryptocurrencies, and the newest player in the…