Will Gold Investors Buy Bitcoin? A ‘Drop Gold’ TV Campaign Bets They Will

Is it better to hoard gold or Bitcoin? The cryptocurrency company Grayscale is making the case for Bitcoin with an unprecedented multi-million dollar marketing campaign that includes a year of national TV commercials. The campaign, which is called “Drop Gold” and kicked off on Wednesday, features a 39-second commercial that shows a man and woman […]

Gold-Backed Cryptocurrency Is Almost Here

Investors will soon be able to buy gold and stocks in the form of cryptocurrency, the same way they might buy Bitcoin. Paxos, a New York-based firm that already offers a dollar-backed cryptocurrency (known as a stablecoin) as well as Bitcoin trading services, plans to introduce digital tokens backed by precious metals and publicly traded […]

Newmont CEO Calls Barrick Bid ‘Desperate’ and ‘Bizarre’ as Board Rejects $17.8 Billion Hostile Offer

Newmont Mining rejected Barrick Gold’s $17.8 billion unsolicited takeover bid, a deal that would’ve created the world’s largest gold producer. The board unanimously rejected the proposal, saying it would not be better than Newmont’s previously announced takeover of Goldcorp, the Colorado-based company said in a statement Monday. Instead, Newmont submitted a joint venture proposal to […]

Barrick Gold Is Going Hostile in Bid for Newmont Mining With $17.8 Billion Offer

Barrick Gold is going hostile in its bid to acquire Newmont Mining and create the world’s largest gold producer by offering $17.8 billion for the company in all share deal. The offer raises the potential for a three-way fight between some of the world’s largest gold miners, and comes after Newmont’s chief executive blasted talks […]