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Gold ticks up as traders navigate U.S. debt limit hitch, Fed cues
The prices of gold were up as discussions around the U.S. debt ceiling and Federal Reserved Chair Jerome Powell's less-hawkish comments added to the safe-haven bullion's appeal. Spot gold and US Gold futures were both up by 0.1% at USD1,978.06 and USD1,979.40 respectively.
“Concerns over the debt ceiling remain to be a key pillar of support for gold prices, with $2,000 providing a spring board for...
Dollar hobbled by dovish Powell, debt ceiling setback
The dollar extended its decline versus the Yen and Euro on Monday, following a surprise breakdown in U.S. debt ceiling negotiations and after Federal Reserve Chair Jerome Powell indicated a preference to slow rate hikes.
The greenback slipped 0.15% to 137.725 yen to start the week, having snapped a six-day winning streak on Friday, pulling back from...
Hotbit Crypto Exchange Shutters Citing Market Downturn and ‘Cumbersome’ Regulations
In a formal statement, Hotbit stated that it was shutting down due to operating conditions deteriorating. Along with declining cash flow, it also blamed a shift in crypto sentiment and tightening regulations.
Hotbit also described the numerous difficulties it was facing. It outlined cyber-attacks and losses brought on...
Huobi Charged For Illegally Operating DAX By Malaysian SEC
The Securities Commission Malaysia (SC) announced that it has charged Huobi Global Limited and its CEO, Leon Li for operating a digital asset exchange (DAX) without registration. The Commission has asked the crypto exchange to disable its website and mobile application in the country.
The Malaysian SEC directed the Huobi to halt circulating or publishing any advertisements on social media or emails to its local users. The crypto exchange will now have to disable its application from...
Longing for liquidity — 5 things to know in Bitcoin this week
Bitcoin (BTC) starts a new week in a price range that frustrates traders and leaves little to the imagination — what next?
After precious little activity over the weekend, the largest cryptocurrency lacks direction, and even macroeconomic triggers have failed to shift the status quo. At around 10% below the $30,000 mark, BTC/USD is treading water, and despite calls for a further correction, market participants are...
Introducing News2Threads: AI Meets LeoThreads to Build High Quality Financial News Streaming
Innovation continues at LeoFinance and this week, the team introduced the News2Threads, a game-changing development which is aimed at creating a stream of high-quality information for Threads.
Find out more about this latest addition to LeoThreads and how to take advantage of it.
Is HBD a Scam? Addressing the Recent Conversation Around HBD & Why It Will Bring the Next Gen Hiver
Mitch and Khal delved into the intriguing idea of paying taxes & investing the money elsewhere. They shared about the potential of using wrapped Bitcoin loans to generate yield or returns and why HBD savings have become a favorite investment, yielding an impressive 20% return, addressed the controversy around HBD, comparing its mechanics to Luna and UST, discussing its safety mechanisms like haircut rule and...
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