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All of today’s top news stories from kitco.com. Get the full analysis behind how media bias impacts breaking news.

Ground News has come across 8,534 headlines reported on by kitco.com during the past 3 months.

The Ground News media bias check for kitco.com is unknown. Scores are assigned by aggregating bias scores from Ad Fontes Media, Media Bias/Fact Check, and All Sides.

Is kitco.com credible or reliable? Our Factuality score answers both of those questions. When it comes to kitco.com, we’ve assigned a unknown factuality rating. Ratings are assigned by aggregating scores from Ad Fontes Media and Media Bias/Fact Check.

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Top kitco.com News

Asian markets extend losses as U.S. banking worries persist

Silicon Valley Bank · Idaho Falls

Asian markets extend losses as U.S. banking worries persist

56% Center coverage: 9 sources

Japan's benchmark Nikkei 225 dropped 2.2% to finish at 27,222.04. Shares of MUFG fell 8.6%, Mizuho Financial Group sank 7.1% and Sumitomo Mitsui Financial Group dropped 9.8%. Tech sector companies also were sold, with SoftBank shares losing 4.1%.See the Story

Gold's $3k rally? The missing catalyst is here: banking crisis signals economy's 'ebbing tide' - Bloomberg Intelligence

Gold's $3k rally? The missing catalyst is here: banking crisis signals economy's 'ebbing tide' - Bloomberg Intelligence

CFTC appoints crypto execs to its Technology Advisory Committee

CFTC appoints crypto execs to its Technology Advisory Committee

The CFTC has added several crypto executives to its new Technology Advisory Committee in a sign that regulators are starting to open their stance towards the industry.See the Story

Latest News Stories

Teck Resources to split company, spin off steelmaking coal business

67% Left coverage: 9 sources

Teck Metals Corp. and Elk Valley Resources Ltd. to be split. Teck shareholders will receive 0.1 of a common share in Elk Valley for each Teck share they hold plus 39 cents in cash per share. In exchange for the coal assets, Elk Valley will make quarterly payments to Teck.

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U.S. set to loan Redwood Materials $2 bln for EV materials plant

58% Center coverage: 12 sources

Redwood Materials has secured a conditional commitment for a $2 billion loan from the Department of Energy. The loan is part of the Biden Administration's bid to build up a supply chain for EVs in the United States. Redwood recently began producing anode copper foil at its Nevada headquarters and expects to begin cathode qualification later this year.

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Cardano-Based Overcollateralized Stablecoin Djed to Launch Next Week

100% Center coverage: 1 sources

The much-anticipated Djed stablecoin is scheduled for launch next week. When launched, Djed will become the first decentralized and overcollateralized stablecoin built on Cardano. The news is yet to impact the price of Cardano's native token, ADA. At press time, ADA was trading at $0.36.

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Iran and Russia want to issue new stablecoin backed by gold

34% Center coverage: 3 sources

The Central Bank of Iran is reportedly cooperating with the Russian government to jointly issue a new cryptocurrency backed by gold. The potential cryptocurrency would operate in a special economic zone in Astrakhan. Iran and Russia are among the countries that banned their residents from using cryptocurrencies like Bitcoin.

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Taseko to increase stake in BC's Gibraltar copper mine

Coverage: 8 sources

Taseko Mines Ltd. says it has signed a deal to increase its stake in its Gibraltar copper mine in B.C. Under the terms of the deal, Taseko will acquire Sojitz Corp.'s 50 per cent stake in Cariboo Copper Corp. The company will also make contingent payments for five years depending on the average copper price.

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Business · New York

Paxos to Stop Minting Stablecoin BUSD Following Regulatory Action

62% Center coverage: 8 sources

Paxos officially announced that it would end its relationship with Binance for the branded USD-pegged stablecoin BUSD.

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Cryptocurrency Exchange

Dutch central bank fines cryptocurrency exchange Coinbase 3.3 mln euros

60% Center coverage: 5 sources

Dutch central bank fines U.S. cryptocurrency exchange 3.3 million euros. DNB says it failed to obtain correct registration in the Netherlands before offering services.Coinbase said it disagreed with the DNB's decision and was considering an appeal. The fine mirrors one handed to Coinbase rival Binance in July.

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Business · New York

Crypto lender Genesis preparing to file for bankruptcy

55% Center coverage: 29 sources

Cryptocurrency lender Genesis Global Capital is planning to file for bankruptcy as soon as this week, Bloomberg News reported on Wednesday, citing people with knowledge of the situation.

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