In terms of market cap, Karatgold Coin is currently ranked #3160 in the Ethereum (ERC20) Tokens sector. However, the Commission is alleging that due to the nature of the respondents’ investment scheme, GS Partners’ business model is constantly evolving and being repackaged into a new offering. Cryptocurrency prices can be volatile and unpredictable, and may be influenced by various factors, including market manipulation, regulatory changes, and technological developments.
Complete cryptocurrency market coverage with live coin prices, charts and crypto market cap featuring coins on 737 exchanges. THE KARATGOLD COIN (KBC) is a blockchain-based cryptocurrency specifically designed to be used as a generally accepted electronic payment means for all who consider gold as a traditional, true, secure and value-stable medium. Coinlore provides independent cryptocurrency / coin prices calculated by its own algorithm, and other metrics such as markets, volumes, historical prices, charts, coin market caps, blockchain info, API, widgets, and more. We also gather additional information from different sources to ensure we cover all necessary data or events. CoinCheckup provides live cryptocurrency prices and charts, listed by crypto market cap.
KaratBars International is pleased to announce that their gold-based cryptocurrency KaratGold Coin (KBC) has been enlisted recently in HitBTC, one of the leading cryptocurrency exchanges. The Karatgold Coin price page is just one in Crypto.com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies. At this moment, we can’t calculate the market cap as we don’t have the best approximation of the circulating supply. However, using the total supply as of Dec 29, The market capitalization of Karatgold Coin will be $3.3 Million.
The former is an online platform that facilitates the electronic registration of the CashGold. On the other hand, KaratGold Wallet allows users to buy, sell, hold and manage different cryptocurrencies along with cryptonized assets. The hammer is coming down again on the Karatbars ecosystem as German and South African regulators have taken separate actions over sales of a purportedly gold-backed cryptocurrency. If you would like to know where to buy Karatgold Coin at the current rate, the top cryptocurrency exchange for trading in Karatgold Coin stock is currently YoBit. GSPartners is soliciting investors through a multilevel marketing platform and is representing that they can offer lucrative investment returns. While the respondents have claimed Swiss Valorem Bank was a type of “fully regulated” bank, there is no indication that supports the respondents’ claims of actually being regulated by any banking authority.
Live Coin Watch
Also Monday, South Africa’s Financial Sector Conduct Authority (FSCA) warned consumers to avoid investments offered by Karatbars International GmbH, a German firm that promotes the allegedly gold-backed KaratGold Coin. The table above shows the number of days which Karatgold Coin closed above a certain price level. Handlesblatt reported Monday that the Karatbit Foundation is under orders to return investor funds amounting to $100 million, equivalent to the amount raised in a 2018 initial coin offering (ICO). Meanwhile, Karatbars International has denied accusations leveled in German business publication Handlesblatt, according to a company Facebook posting Tuesday and a story published Wednesday by The Guardian.
- The hammer is coming down again on the Karatbars ecosystem as German and South African regulators have taken separate actions over sales of a purportedly gold-backed cryptocurrency.
- Introduced in 2018, the KaratGold Coin (KBC) is reportedly linked to physically deposited gold in the form of CashGold, a gold standard.
- Though the modern-day legal currencies are no longer backed by gold, many central banks around the world still make use of gold as their currency reserve.
- The core idea of KaratGold Coin (KBC) revolves around providing an effective solution to the volatility and unpredictability of cryptocurrencies by utilizing the stability and reliability of gold.
KaratGold Coin is a blockchain-based cryptocurrency that is linked to physically deposited gold in the form of the so-called CashGold. The architecture of the KaratGold Coin (KBC) ecosystem is based on the safe, cost-efficient and fast Ethereum blockchain protocol and proven financial hedging strategies. Unlike many other utility tokens, this coin has been designed to be a crypto asset backed by a certain tangible amount of gold.
KBC Price & Market Stats
A certain number of https://cryptolisting.org/blog/examples-of-profitability-ratioss can be exchanged for the appropriate amount of CashGold at any time. It is designed to be used as a generally accepted electronic payment means for all who consider gold as a traditional, true, secure and value-stable medium. Karatgold Coin’s current circulating supply is 4.73B KBC out of max supply of 12.00B KBC.
About KaratGold Coin
Karatgold (KBC), together with the KaratGold Ecosystem, believes that it has developed a globally workable solution that is connected to gold. Run on the ethereum blockchain, the KaratGold Coin (KBC) is listed on about 30 exchanges such as Yobit, with a second token, KaratBank Coin (KCB), yet to launch. Under the BaFin order, the foundation must “wind up [its] electronic money business” in Germany, the regulator said. The Arizona Corporation Commission, along with regulators in several other states including Alabama, Arkansas, California, Florida, Kentucky, Mississippi, New Hampshire, Texas, Washington and Wisconsin, have issued orders against GSPartners. Several jurisdictions in Canada have also issued warnings and alerts against GSPartners beginning April 2023. Regulations governing cryptocurrencies vary by jurisdiction and may change over time, which could impact the legality and use of cryptocurrencies.
Track Karatgold Coin price in real time, including market cap, volume, chart and all important KBC coin stats for today
The FSCA said Karatbar International has solicited South African investors via messaging platform WhatsApp to purchase unspecified investments without holding the necessary authority to operate in the country. The Commission’s allegations against GSPartners, Swiss Valorem Bank, and the other respondents have not been proven in a court of law. Nevertheless, investors should be aware that many investments that appear to be a business opportunity may require state or federal securities registration and certain disclosures to investors. Additionally, investment promoters may be required to obtain the necessary training and registrations/licenses. The coins are currently trading at one cent, and this value is just on the verge of going up by leaps and bounds as it is completely immune from the normal currency fluctuations and market swings. KaratGold Coin is the brainchild of Harald Seiz, a German entrepreneur and financial industry veteran.
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Karatgold Coin Market Cap $17,756,505
Enlistment in HitBTC is a significant step forward in this project and KaratGold Coin (KBC) is soon expected to make its way to other popular exchanges including Poloniex, Bithumb, Bitfinex, Bittrex, and many others. Three of Asia’s largest gold trading firms have already partnered with KaratBars International to execute several million gold transactions on a daily basis. Moreover, a high percentage of the company’s 480,000 CashGold product owners have purchased KaratGold Coin to own small amounts of 24-carat gold. The core idea of KaratGold Coin (KBC) revolves around providing an effective solution to the volatility and unpredictability of cryptocurrencies by utilizing the stability and reliability of gold.