Digix – DIGIT INFO

As Gold Prices Soar, Two Gold-Backed Tokens See Increased Demand Fetching Premiums

DIGIT — Fri, 28 Aug 2020 03:00:36 +0000

The last few months have bolstered the price of the precious metal gold as governments worldwide have created tremendous amounts of debt and inflation. For instance, the value of gold per ounce jumped over $2k during the first week of August. Meanwhile, similarly to the physical counterparts, two blockchain tokens that claim to be backed […]

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5% Over Spot: Gold-Backed Tokens Tether Gold and Digix Sell for Higher Premiums

DIGIT — Tue, 07 Apr 2020 20:45:14 +0000

Digital asset markets have been gathering some gains during the last few days and tokens like stablecoins have seen massive demand since the start of the market carnage. Alongside stablecoins, gold-backed digital assets like Tether Gold, Pax Gold, and Digix Gold have seen tremendous trade volumes as well. In fact, cryptocurrencies that claim to be […]

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Stablecoins Are Crypto’s Version of Fractional Reserve Banking

DIGIT — Mon, 06 Jan 2020 07:11:38 +0000

Stablecoins provide much sought after stability in the volatile crypto markets. They are sometimes even said to affect the price of bitcoin in drastic fashion. Tether (USDT) in particular continues to be widely scrutinized for this, with recent lawsuits about conflicts of interest and price manipulation being hotly contested. More important to dive into, however, […]

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Project Ragnarok: Digix Integrates Dissolution Mechanism for DigixDAO

DIGIT — Fri, 13 Dec 2019 16:34:42 +0000

Digix adds quarterly dissolution project to its DigixDAO platform

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Stablecoins: Is Control the Answer to Crypto Volatility?

DIGIT — Fri, 16 Mar 2018 20:19:07 +0000

Cryptocurrency is notorious for its volatility, but what if there were a way to remove this constant problem? While a cryptocurrency like Bitcoin is fungible, portable, durable, tradable, and valuable, it lacks a stable value. Mom and pop stores and large firms alike have been wary of accepting Bitcoin payments because price fluctuations aren’t a gamble they want to factor into running day to day business. Some say stablecoins are the solution for cryptocurrency volatility, while others are skeptical of claims of controlling the will of a market. Are stablecoins the key to a stable digital currency or just a short-term investment trend that’s likely to

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