Crypto SWOT: A group of investors has set out to raise $100 million for a Bitcoin-focused fund.
(Kitco commentary) - The central Bank of the UAE and the Reserve Bank of India signed a memorandum of understanding to collaborate on central bank digital currencies and explore interoperability between the two currencies, reports Bloomberg.
Gold SWOT: Market turmoil linked to Credit Suisse has spurred demand for haven assets
(Kitco commentary) - The best performing precious metal for the week was silver, up 10.16%, in response to the strong move in gold. Gold rose to a near six-week high, reports Bloomberg, as ongoing market turmoil linked to Credit Suisse Group AG spurred demand for havens.
Crypto SWOT: Voyager Digital won court approval to sell itself to Binance.US.
(Kitco commentary) - Voyager Digital won court approval to sell itself to Binance.US, the U.S. arm of the worlds biggest crypto exchange, after four days of contentious bankruptcy hearings. U.S. bankruptcy judge Michael Wiles
Gold SWOT: Agnico Eagle Mines is weighing what to do with its only Australian gold mine
(Kitco commentary) - The best performing precious metal for the week was gold, up 0.98%. Gold rose from near its lowest this year after a metric of U.S. unemployment came in higher than expected
Crypto SWOT: The creators behind Bored Ape Yacht Club are launching their first collection of Bitcoin NFTs
(Kitco commentary) - Goldman Sachs' digital asset team signaled it's open to bolstering staff strength and flagged the potential for blockchain technology to improve the functioning of markets such as private equity, explains a Bloomberg article.
Gold SWOT: Gold set up for its best week since the middle of January
(Kitco commentary) - The best performing precious metal for the week was platinum, up 8.29%, on a falling dollar and a pullback in yields.
Crypto SWOT: Music streaming service Spotify is testing a new service called token-enabled playlists
(Kitco commentary) - Of the cryptocurrencies tracked by CoinMarketCap, the best performer for the week was Stacks, rising 114.41%.
Gold SWOT: Gold extended its decline to the lowest level this year
(Kitco commentary) - The best performing precious metal for the week was platinum, but still down 1.20%.
Gold at its most oversold level since October
(Kitco commentary) - Gold is nearing its strongest buy signal in four months as the U.S. dollar eases off a rally thats carried the greenback to its highest point since early January.
Crypto SWOT: Last Thursday, bitcoin rallied to $25,000 for the first time since august. Where to next?
(Kitco commentary) - Bitcoin rallied to $25,000 for the first time since August on Thursday, rising to as much as 4.4% after falling 64% in 2022.
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