|All Time High:|
|Market Cap: |
|The last known price of #CGT is $15.79 USD.|
Please note that the price of #CGT was last updated over 50 days ago. This can occur when coins have sporadic price reporting, no listings on exchanges or the project has been abandonded. All #CGT statistics should be considered as 'last known value'.
The lowest CGT price for this period was $0, the highest was $15.79, and the exact last price of CGT was $15.79319.
The all-time high CGT coin price was $349.
Use our custom price calculator to see the hypothetical price of CGT with market cap of ETH or other crypto coins.
|The code for CACHE Gold crypto currency is #CGT. |
CACHE Gold is 3.1 years old.
|The current market capitalization for CACHE Gold is $446,900.|
CACHE Gold is ranked #1263 out of all coins, by market cap (and other factors).
|The trading volume is very weak today for #CGT.|
Today's 24-hour trading volume across all exchanges for CACHE Gold is $2.00.
|The circulating supply of CGT is 28,297 coins, which is 0% of the maximum coin supply.|
A highlight of CACHE Gold is it's exceptionally low supply of coins, as this tends to support higher prices due to supply and demand in the market.
|Note that there are multiple coins that share the code #CGT, and you can view them on our CGT disambiguation page.|
Delisting Announcement for NBX and Bittrex
Cryptocurrency markets, as well as financial markets in general, have faced significant turmoil recently, including the collapse of FTX and other key market participants. However, we believe that these challenges present a unique opportunity for growth and innovation within the industry. Tokenization of physical assets has the potential to revolutionize the way we think about asset ownership and trading. The total size of tokenized illiquid assets, including real estate and natural resources, could reach $16.1 trillion by 2030, according to the Boston Consulting Group (BCG). This growth is driven by the increased liquidity, transparency, and security offered by tokenization, as well as the ability to reach a wider range of potential investors. The growth potential for tokenization of physical assets is immense. To capitalize on this market opportunity, we are excited to announce that we will be transitioning our business model to focus upon providing technologies that transparently track and tokenize many different types of physical assets in addition to gold, such as silver, watches, wine, and art. Our focus will shift to offering services that can be seamlessly integrated into third-party applications, primarily targeting B2B. As part of this strategy, we will be delisting CACHE Gold (CGT) from Bittrex and NBX effective March 15, 2023. Token holders that wish to exit their positions will have ample time to do so over the co...
Smartcon 2022: Chainlink Proof of Reserve Roundtable
If you missed SmartCon 2022 you can still watch the recording of our discussion on Chainlink Proof of Reserve and the future of on-chain transaprency. medium.com Smartcon 2022: Chainlink Proof of Reserve Roundtable was originally published in CACHE Gold on Medium, where people are continuing the conversation by highlighting and responding to this story.
SmartCon 2022: Proof of Reserve Roundtable With Armanino, CACHE, and TrueFi
If you missed SmartCon 2022 you can still watch the recording of our discussion with Max Melcher (GTM Lead at Chainlink), Michael Gasiorek (Head of Marketing at Trust Token) and Noah Buxton (Partner at Armanino LLP) on Chainlink Proof of Reserve and the future of on-chain transaprency. medium.com SmartCon 2022: Proof of Reserve Roundtable With Armanino, CACHE, and TrueFi was originally published in CACHE Gold on Medium, where people are continuing the conversation by highlighting and responding to this story.
CACHE Gold Integrates Chainlink Proof of Reserve to Secure Tokenized Gold on Polygon
We’re excited to announce that CACHE Gold — a DeFi protocol supporting a fully backed, redeemable, and regulated tokenized gold asset — has integrated Chainlink Proof of Reserve on Polygon mainnet. After this integration of the industry-leading oracle network, which is already responsible for helping secure tens of billions of dollars of value across the DeFi ecosystem, CACHE Gold users can now verify on-chain that cross-chain CACHE Gold tokens (CGT) on Polygon are fully backed 1:1 by CGT tokens on Ethereum. This latest update builds upon previous integrations of Chainlink Proof of Reserve and Chainlink Price Feeds on Ethereum mainnet to monitor the locked gold currently backing CGT and enables users to verify that the token’s value accurately reflects real-world market prices for gold. Ultimately these combined integrations give users stronger assurances that CGT tokens on Polygon are backed by sufficient reserves of gold in the real world. CACHE Gold Token is a fully backed, redeemable, and regulated tokenized gold asset. One CGT represents one pure gram of gold stored in vaults around the world. The protocol is designed to ensure that the number of tokens in circulation never exceeds the amount of physical gold stored, with every gram of gold tracked by asset tracking platform GramChain and then verified by Chainlink Proof of Reserve with proof published on-chain. For on-chain tokens collateralized with off...
CACHE is Attending Chainlink SmartCon 2022
We’re excited to announce that CACHE will be attending SmartCon 2022 in New York City, taking place on September 28 and 29. Join us on Thursday, September 29 at 14:25 on the Aristotle stage where we will participate in a Roundtable discussion on Chainlink’s Proof of Reserve technology and how we leverage it to tokenize physical gold. SmartCon 2022 is the must-attend Web3 experience of the year. A full week of learning from industry luminaries, building alongside the best developers in the space, and connecting with fellow community members from across the globe. SmartCon 2022 is for those who get what Web3 is really about, and those who want to learn. Learn more or register here for the event: smartcon.chain.link CACHE is Attending Chainlink SmartCon 2022 was originally published in CACHE Gold on Medium, where people are continuing the conversation by highlighting and responding to this story.
CACHE Gold and the Ethereum Merge to Proof of Stake (PoS): What You Need to Know
The Ethereum Merge to Proof of Stake (PoS) is currently expected to happen at approximately 04:30 UTC on September 15, 2022. You can find a current estimate of the exact merge time here: 797.io Please be advised that CACHE will be fully supporting the Ethereum Merge to Proof of Stake and the CACHE Gold token ($CGT) will only be supported on the PoS chain post merge. We recommend that you avoid making transactions after 23:00 UTC on September 14 until the merge is complete and to follow the Ethereum project for updates. If you have any questions, please reach out to CACHE Support.
How to Audit CACHE Gold (CGT) in Less Than 5 Minutes Using Public, On-Chain Data
How to Audit CACHE Gold Auditing CACHE Gold (CGT) requires nothing more than a web browser, an Internet connection and basic math skills. Using only publicly available, on-chain data, it takes less 5 minutes to verify that each and every CGT is backed by one gram of pure physical gold. Step 1: Check the total CACHE Locked Gold on the CACHE Gold Explorer and verify it against against the CACHE Gold Chainlink Proof of Reserve by clicking on the Chainlink icon. At the time of writing, total CACHE Locked Gold equals 78,923.20 grams.The CACHE Gold ExplorerCACHE Gold’s Chainlink Proof of Reserve Data Feed Step 2: Check total CGT outstanding on Etherscan. At the time of rwriting this equals 100,771.01 CGT.Total CGT Outstanding on Etherscan Step 3: Check the amount of CGT in the CACHE Gold Unbacked Treasury on Etherscan. At the time of writing this equal 21,847.81.CACHE Gold Unbacked Treasury on Etherscan Step 4: Calculate the CACHE Gold Circulating Supply. Subtract the CACHE Gold Unbacked Treasury balance from the total CACHE Gold Outstanding. Total CGT Outstanding — Unbacked Treasury = CACHE Gold Circulating Supply 100,771.01 – 21,847.81 = 78,923.20 Step 5: Verify that the CACHE Gold Circulating Supply is less than or equal to total amount of CACHE Locked Gold. CACHE Gold Circulating Supply ≤ CACHE Locked Gold? Is 78,923.20 CGT ≤ 78,923.20 grams? Yes! Congratulations, in less than 5 minutes you just audited CACHE...
CACHE Gold will be presenting at World Blockchain Summit Singapore 2022
edium.com We are pleased to announce that CACHE is a gold sponsor for the World Blockchain Summit (WBS) 2022 in Singapore. The WBS is a global series of elite gatherings that take place in 16 destinations around the world. The WBS connects global blockchain gurus and technology providers including emerging startups with regional businesses, government authorities, IT leaders, entrepreneurs, investors and developers. The summit features enterprise use-cases, government use-cases, inspirational keynote speakers, panel discussions, tech talks, startup pitch competitions as well as a host of networking opportunities. — @TresconWBS CACHE Gold (CGT) combines the unique qualities of gold with the benefits of a modern digital asset. It is the only gold token that provides real-time asset tracking with GramChain technology. CACHE Gold token holders hold 100% pure physical gold on their mobile phones or other cryptocurrency wallets. CGT tokens are redeemable physical gold in many locations around the world. Holders of physical gold can also convert their holdings into CGT by depositing their physical gold in one of CACHE’s many vaults around the world. CACHE will have several team members on hand throughout the event to answer questions about CGT and investing in digital physical gold. We are also happy to announce that CACHE co-founder Gregor Gregersen will be speaking at WBS Singapore 2022. Gregor will address ...
CACHE Gold is Now Leveraging Chainlink Proof of Reserve (PoR) and GramChain to Monitor CGT’s Gold…
CACHE Gold is Now Leveraging Chainlink Proof of Reserve (PoR) and GramChain to Monitor CGT’s Gold Backing CACHE Gold is pleased to announce that we now have a Chainlink Proof of Reserve (PoR) feed on Ethereum mainnet to monitor the locked gold currently backing the CACHE Gold token (CGT). This will facilitate an automated workflow for updating our current reserves on-chain based on changes reported by GramChain. The Chainlink PoR feed supports the ability to mint new tokens based upon the quantity of off-chain reserves. Chainlink, which powers the PoR data feed, is the most time-tested and historically reliable oracle network in the blockchain industry, already securing tens of billions of dollars for top DeFi projects. Thanks to our Chainlink PoR implementation, CGT becomes an even more trusted asset within the Ethereum DeFi ecosystem, as users have additional proof of its 1-to-1 collateralization. Additionally, CACHE Gold is leveraging the XAU/USD Chainlink Price Feed to ensure our tokenized gold product is secured by reliable, high-quality, tamper-proof data that reflects real-world market prices for gold. Developers can leverage the XAU/USD Chainlink Price Feed and our Chainlink Proof of Reserve Oracle to price CGT on-chain with full assurance that it’s fully backed by physical gold off-chain. Managing Tokenized Gold With CACHE Gold and Chainlink CACHE Gold Token (CGT) is a fully backed, redeemable, and regulated toke...
CACHE Gold (CGT) Fee Changes
Due to changing market conditions the CACHE Gold (CGT) redemption fee will be increased from 15 basis points (0.15%) to 50 basis points (0.50%). The reason for this change is increasing demand for physical gold and increasing premiums on physical gold. The 10 basis point (0.10%) transfer fee will be waived until January 1, 2023. These changes will take place on March 9, 2022 at 18:00 SGT. CACHE Gold (CGT) Fee Changes was originally published in CACHE Gold on Medium, where people are continuing the conversation by highlighting and responding to this story.
More CACHE Gold (#CGT) News
|UK Treasury Will Consult on DeFi Taxation: Report
The United Kingdom is gearing up for tax treatment of lending and borrowing on decentralized finance (DeFi) protocols. The country's taxation division - HM Revenue and Customs - released a consultation document seeking views on modifying the tax treatment of DeFi lending and staking.
The final decision on whether to proceed with legislative changes will be made after the consultation. This is the second stage of a five-step process and will be followed by drafting legislation, implementing and monitoring, and ultimately, reviewing and evaluating the change.
Taxation for DeFi
The main aim of the consultation is to create a regime that aligns the taxation of crypto assets used in DeFi lending and staking transactions with the underlying economic substance while bringing down the administrative burden on users, the official press release stated.
The government aims to establish clear tax and regulatory treatment of the field to position the country 'at the forefront of safe, sustainable, and rapid innovation in crypto assets and blockchain technologies.'
As such, the tax authority has called on investors, professionals, and firms engaged in DeFi activities, including technology and financial service firms; trade associations and representative bodies; academic institutions and think tanks; and legal, accountancy, and tax advisory firms to submit their views on the matter by 22 June 2023.
'The government is inviting answers to the questions below on a potential legislative soluti...
|Koinly Explains How The Ethereum Merge Could Affect Your Crypto Taxes
The Ethereum Merge is shaping up to be the biggest event in the crypto space in over five years, and that could mean some significant impacts on your crypto portfolio.
We know that sometime between September 10th and 20th, the Merge will take place, resulting in the Proof of Stake 'Beacon Chain' merging with the current Proof of Work Ethereum chain.
While speculation surrounds whether Ethereum will fork and what may happen to DeFi protocols, stablecoins, NFTs and more, essential questions remain around the potential tax implications that Ethereum holders could incur.
So what's happening, and what do you need to know? Crypto tax calculator Koinly is here to explain.
What is the Ethereum Merge?
The ultimate result of the Ethereum Merge will be the transition from Proof of Work (PoW) to Proof of Stake (PoS) as the consensus mechanism for the Ethereum blockchain. Ethereum developers have flagged this move for years, with work initially beginning as far back as 2016.
The current estimate is for the Merge to occur between September 13th and 15th, but it will ultimately depend on the Terminal Total Difficulty (TTD) of Ethereum. Currently, this appears to be around a block height of 15,540,293. The final upgrade to Ethereum clients (known as the Bellatrix upgrade) occurred on September 6th, with approximately 74% of Ethereum nodes 'Merge ready'.
The Ethereum Foundation has stated that by moving to PoS, the blockchain will reduce its energy consumption by approximately 99.95% –...
|Crypto Losses? Koinly Reveals 5 Tax Hacks You Need Now
PRESS RELEASE. With crypto markets down around 50% in the past month and over 70% from their highs in late 2021, many crypto investors are searching for answers after their profits from the last few years have evaporated into the ether.
Following the incredible bull market, crypto investors enjoyed over 2020 and 2021; you may now find yourself nursing losses rather than gains ahead of the upcoming tax season. Crypto tax platform Koinly shares 5 little-known tax hacks you need to know after the crypto crash.
1. Pay less tax by holding
Want to avoid paying tax on crypto? While you can't dodge your tax obligations entirely – there are quite a few ways you can optimize your tax position. But here's the catch, you'll need to do it before the end of the financial year to pay less tax overall.
You've probably heard it before, but the easiest way to pay less crypto tax is to simply HODL. In many jurisdictions, holding your crypto investment (or other assets like shares) for longer than one year qualifies any gains as long-term capital gains. Depending on where you live, any crypto sold 12 months after purchasing is:
Tax-free in Germany
Discounts capital gains tax by 50% in Australia
Taxed at lower tax rates of 0%, 15% or 20% in the US, depending on individual income over the year
2. Tax-free gains
Tax-free thresholds on your capital gains can help you automatically owe less tax. In the UK, individuals have a CGT allowance of up to £12,300 before paying tax. Germany has ...
|UK Regulator Bans Floki Inu Ad for Being Irresponsible, Exploiting Inves...
The U.K.'s advertising authority has banned an ad for cryptocurrency floki inu (FLOKI). The authority says the ad's 'Missed Doge? Get Floki' claim 'exploited consumers' fears of missing out and trivialized investment in cryptocurrency.' The ad was also 'irresponsible' and 'took advantage of consumers' inexperience or credulity,' the regulator said.Floki Ad Banned in the UK
The Advertising Standards Authority (ASA), the U.K.'s regulator of advertising, published its 'Ruling on Floki Inu' Wednesday.
The advertising authority began investigating an ad campaign for floki inu (FLOKI), the cryptocurrency inspired by Elon Musk's shiba inu dog, in November last year after the Floki ad was seen on public transport in London.
The ad contains a floki inu logo and text that says, 'Missed Doge? Get Floki.' It also contains smaller text at the bottom that reads, 'Your investment may go down as well as up in value. Cryptocurrency is not regulated in the UK.'
After investigation, the ASA ruled:
The use of an image of a cartoon dog wearing a Viking helmet and the claim 'Missed Doge. Get Floki,' exploited consumers' fears of missing out and trivialized investment in cryptocurrency.
In addition, the advertising watchdog ruled that 'the ad was irresponsible' and 'took advantage of consumers' inexperience or credulity.'
The ASA explained that it has told the team behind the floki inu cryptocurrency 'to ensure that they did not irresponsibly exploit consumer's fear of missing out and trivialize ...