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| Metal 
| #MTL
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| MTL Price: | $1.72 | | Volume: | $17.2 M | | All Time High: | $13.56 | | Market Cap: | $0.1 B |
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| Circulating Supply: | 66,588,888 |
| Exchanges: | 17
| | Total Supply: | 66,588,888 |
| Markets: | 25
| | Max Supply: | 66,588,888 |
| Pairs: | 30
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The price of #MTL today is $1.72 USD.
The lowest MTL price for this period was $0, the highest was $1.72, and the current live price for one MTL coin is $1.71878.
The all-time high MTL coin price was $13.56.
Use our custom price calculator to see the hypothetical price of MTL with market cap of BTC or other crypto coins. |
The code for Metal is #MTL.
Metal is 6.4 years old. |
The current market capitalization for Metal is $114,451,774.
Metal is ranked #229, by market cap (and other factors). |
The trading volume is large during the past 24 hours for #MTL.
Today's 24-hour trading volume across all exchanges for Metal is $17,214,611. |
| The circulating supply of MTL is 66,588,888 coins, which is 100% of the maximum coin supply. |
 | Amid Rising Bitcoin ETF Hopes, Critics Warn of Vulnerability and Echoes ...
In recent months, the buzz around a potential bitcoin exchange-traded fund (ETF) has surged, echoing in its climbing price. But the enthusiasm isn't universal. Some fear a spot bitcoin ETF could make BTC vulnerable, much like the gold and silver markets. The approval might open doors to manipulative practices reminiscent of those alleged in precious metals.With a Physically-Settled Bitcoin ETF on the Horizon, Skeptics Foresee Gold-Like Manipulation Risks
A tangible bitcoin ETF might seem like a boon for crypto growth and valuation. However, there are concerns it could mirror gold and silver ETFs, using fictional BTC supplies as leverage for futures. Rapid price hikes could be countered by releasing this made-up supply. Instead of acquiring real bitcoin, buying into a bitcoin ETF wouldn't diminish the actual supply. Operators of the ETF might leverage positions far exceeding their verifiable assets, swaying prices.
On October 16, 2023, Josef Tětek, a BTC analyst at Trezor, remarked that an 'ETF is fiatization of bitcoin.' Tětek opines that long-term, an ETF might not benefit BTC. He asserted, '[A] bitcoin ETF is one of the worst things that can happen to bitcoin adoption. It is an attack on self-custody, substituting actual usage (whether as a MoE or SoV) for dumb price speculation.'
Tětek elaborated further:
ETFs are much worse than exchanges, as we can at least incite bank runs on exchanges and test their solvency – and if they prove to be running a ...
|  | Hardware Wallet Firm Trezor Rolls Out New Safe 3 Model, Metal Seed Backu...
Trezor, a leading hardware wallet manufacturing company, unveiled three new products on Thursday aimed at both novice and experienced cryptocurrency users who want to securely self-custody their digital assets. The Prague-based firm launched the Trezor Safe 3, the firm’s latest generation hardware wallet available in four colors; the Trezor Keep Metal, a backup device for cryptographic seed phrases; and a limited-edition BTC-only version of the Trezor Safe 3.Trezor Drops New Devices for Self-Custody Proponents
The Trezor Safe 3 includes new security features like a tamper-resistant secure element chip while still adhering to Trezor's commitment to open-source development, according to the company. The latest generation Trezor hardware wallet supports bitcoin, ethereum and more than 7,000 other cryptocurrencies. It integrates with the Trezor Suite desktop application for crypto management and currently retails for $79 per unit.
'As we approach the next wave of Bitcoin adoption, we’ve introduced some compelling new devices that enable crypto novices and newcomers to enjoy the security and peace of mind that comes with owning and safeguarding their own crypto,' said Trezor CEO Mat?j ?ák.
For securely backing up the all-important recovery seed phrases needed to restore crypto wallets, Trezor also released the Trezor Keep Metal. Made from corrosion-resistant stainless steel, the device protects recovery seeds from fire, water, and other damages. It comes in ver...
|  | 4 People Charged for Allgedly Defrauding Investors in Crypto and Preciou...
The US Commodity Futures Trading Commission said earlier this week that it had filed a complaint against four individuals and their unincorporated entity for operating a fraudulent project involving precious metals and digital assets.
The alleged scam had over 14,000 customers at one point.
The complaint was filed in the US District Court for the Middle District of Florida against Rene Larralde, Brian Early, Alisha Ann Kingrey, and Juan Pablo Valcarce.
The group of four, alongside their unincorporated entity called Fundsz, were charged with 'fraudulent solicitation from clients to purportedly trade in cryptocurrencies and precious metals.'
The press release informed that the project ran from October 2020 until now and promised investors over 3% returns per week using a 'proprietary algorithm' for trading and something the founders described as 'secret sauce.'
Speaking of their historical performance, the four charged people claimed they had made 'on-time and accurate payments' for seven years. Additionally, they said a one-time $2,500 investment in their project can be turned into $1 million within 48 months with no additional contributions.
The founders also said they run a parallel charity organization and use portions of the contributions to Fundsz to support several initiatives, including cleaning oceans and others related to health, education, and humanitarianism.
It seems Fundsz' tactics had worked as it had amassed over 14,000 customers at its peak. However, the CFTC ...
|  | EMCO Network Unleashes Blockchain's Potential for Precious Metal Industr...
PRESS RELEASE. EMCO Network, a pioneering Defi project, is set to revolutionize the digital and financial landscapes by leveraging its unique blend of real-world experience in precious metals and artificial intelligence sectors.
Addressing the challenges faced by users from low socio-economic backgrounds, EMCO Network aims to provide a novel platform to tap into their digital identities, generating financial opportunities while fostering organic online interactions. The project's robust and sustainable revenue model is built on its strong foothold in the precious metals industry.
EMCO Network's blockchain strategy is designed to bring a new level of transparency, tracking, and authentication to the precious metals sector. This initiative aims to overcome the industry's inability to share sensitive information on a public ledger due to risk factors such as cargo interception. By ensuring the safety and integrity of the load, EMCO Network will promote transparency and validation of goods, benefiting all parties involved.
The deployment of Blockchain Distributed Ledger Technology (BDLT) will give birth to ENERD, a Software as a Service (SaaS) rewards system, and a Defi platform. This initiative will provide financial inclusion and allow users to access the ENERD Dashboard/App and request a micro-task. The proprietary software solution, ENERD, issues unique micro-tasks to users determined by AI that analyzes data from connected platforms. These tasks, designed to promote organic ...
|  | Crypto, Equity, Metal Markets Plunge as Tech Earnings Disappoint and US ...
Equity markets began the day in the red following the latest corporate earnings reports from some of the world's largest firms, including Microsoft. The tech giant's recent conference call was considered disappointing, and earnings from firms such as Boeing, Texas Instruments, and 3M were also lackluster. Gold and silver prices were down between 0.43% and 0.72% on Wednesday, and the cryptocurrency economy dropped 2.79% against the U.S. dollar in the past 24 hours.Concerns of US Recession Mount as Corporate Earnings Disappoint
After a couple of bullish weeks, stocks, precious metals, and cryptocurrencies were down on Jan. 25, 2023. As investors awaited the next U.S. Federal Reserve meeting, the state of the U.S. economy showed a great deal of weakness. Earnings reports from Microsoft, Union Pacific, Texas Instruments, and others on Wednesday indicated that the economy was not improving and added to lingering concerns about a potential U.S. recession.
On Wednesday morning into the afternoon, the four benchmark stock indexes the U.S. - the Dow Jones Industrial Average (DJIA), the S&P 500 (SPX), the Nasdaq Composite (IXIC), and the Russell 2000 (RUT) - were all down between 1% and 2.05%. In addition to lackluster earnings reports from some of the country's largest firms, industrial production in the U.S. slipped roughly 0.7% in December 2022.
Industrial production also dropped in November 2022, falling 0.6% year-over-year. Another shocker was the fact that retail sales during th...
|  | Gold and Silver Markets Shudder, Analysts Say Firm Dollar and Rate Hikes...
Precious metal markets have shuddered during the last few weeks, as gold's price per ounce nears a six-week low hovering just under $1,700 per unit. Silver crashed through the $18 range slipping to $17.80 per ounce. While both gold and silver dipped between 0.85% to 0.89% against the U.S. dollar in 24 hours, platinum dropped 2.82% and palladium shed 4.18% against the USD during the last day.Despite Scorching Global Inflation, Gold Hasn't Been a Safe Haven in 2022
While the entire world is suffering from red-hot inflation, many would assume that the world's precious metals would be a safe haven against the surging prices. That hasn't been the case in 2022, despite the U.S. and the Eurozone inflation rate rising above 9% this summer.
In 2022, an ounce of fine gold managed to reach a lifetime price high against the U.S. dollar at $2,070 per ounce. On the same day (March 8, 2022), an ounce of silver tapped a 2022 high at $26.46 per ounce.
Year-to-date, silver is down 23.14% as it was trading for 23.16 nominal U.S. dollars per troy ounce on January 1, 2022. Since the high on March 8, silver is down 32% lower than the nominal U.S. dollars per troy ounce value. Gold's nominal U.S. dollar value per troy ounce on January 1, 2022, was $1,827.49 per ounce and at today's $1,695.45 per ounce value, gold is down 7.22%.
Furthermore, any investors who bought gold at the lifetime price high on March 8, lost roughly 18.09% in USD value since that day. Platinum, palladium, and rhodium values...
|  | Analyst Says if Silver Dips Below $18, Precious Metal Could 'Get Absolut...
While gold's been teetering along at just under $1,750 per ounce, the price of silver has dropped considerably, sliding 2.33% in value against the U.S. dollar during the last 24 hours. Silver has lost more than 28% against the dollar during the last 165 days or since March 8, 2022. Despite the lower prices, David Morgan, the founder of The Morgan Report, believes silver is expected to see a crunch in supply. In ten years' time, Morgan thinks silver will be one of the best investments of the decade.David Morgan Insists the 'Industrial Side Alone Is Probably Going to Take All the Silver'
During most of 2021 and the second half of 2022, many investors have been focused on assets like gold and bitcoin. Silver, on the other hand, has not performed as well and both silver spot prices and silver mining stocks have underperformed the S&P 500.
In February 2021, Bitcoin.com News reported on the so-called 'silver squeeze' sparked by anonymous cohorts on the Reddit forum r/wallstreetbets. That week, silver soared over $30 an ounce in USD value, and many precious metal dealers said they were out of stock.
In 2022, an ounce of fine silver managed to reach a high of $26.46 per ounce during the second week of March. On March 8, 2022, gold's price per ounce hit a new lifetime high as it traded above the $2,070 range.
Silver has lost more than 28% in value since March 8, as it is currently coasting along at $19 per ounce on Saturday evening (EST) on August 20, 2022. Despite the significant los...
|  | Czech Central Bank Plans Tenfold Increase in Gold Holdings, New Governor...
The incoming governor of the Czech National Bank (CNB), Aleš Michl, has said he plans to increase the institution's gold holdings almost tenfold from the current 11 tonnes to 100 tonnes. Michl also said he will ask the bank's foreign exchange reserves management team to invest in stocks. Growing the CNB's Shareholding
The incoming governor of the Czech National Bank (CNB), Aleš Michl, has said gold is good for diversification because 'it has zero correlation with stocks.' Therefore, under his stewardship, the CNB hopes to increase its holdings of the commodity from the current 11 tonnes to 100 tonnes or even more. However, this will be done gradually, the incoming governor said.
With this plan, which sees the bank's gold holdings grow by almost ten times, the new CNB boss, as one report noted, is seemingly following in the footsteps of other European central banks that have either repatriated or bought more tonnes of gold. For instance, the Hungarian central bank revealed in 2018 that it had grown its gold holdings tenfold while the Polish central bank is reported to have done the same in 2019.
Meanwhile, in his remarks during a wide-ranging interview with the Czech publication Ekonom, Michl, a conservative economist, also said he will propose to increase the CNB's shareholding in stocks from the current 16 percent of reserves to 20 percent or more. He argued that central banks in Switzerland and Israel are already doing this and so are large state sovereign wealt...
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