Swarm Markets Partners with OrdinalsBot to Bring Physical Gold Investments to the Bitcoin Network
On October 17, Swarm Markets, a Real Asset (RWA) platform certified by German regulator BaFin, announced a partnership with OrdinalsBot to bring physical gold investment to the Bitcoin network for the first time, according to CoinDesk. The innovative service enables tokenized trading of physical gold on the Bitcoin blockchain through the Ordinals protocol, which inscribes unique gold bar serial numbers on satoshi. Instead of having to choose between physical and digital gold, investors can hold both. The service is expected to launch by the end of this year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Rio Tinto ADR plunges over 4%: Rockfall incident at Mongolia's Oyu Tolgoi copper mine halts underground operations
The accident resulted in injuries to 15 workers, with no fatalities reported so far. According to US media, the mine has temporarily suspended its underground operations. Oyu Tolgoi is one of the world's largest copper mines and a key source of future copper production growth for Rio Tinto. The impact of the accident on the mine's recovery schedule and copper output is still under assessment. On Thursday, Rio Tinto ADRs saw their losses widen to as much as 4.3%, reaching a new low since March; New York copper prices fell by 1%, briefly bouncing after the news before resuming their decline.
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