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Silver Price Forecast: XAG/USD posts fresh weekly high at $29.20 as US labor market cools down
Silver price refreshes weekly high at $29.20 as weak US NFP data sends US yields down. The US NFP report showed that labor demand has slowed and wage growth has softened. Investors see the Fed pivoting to policy normalization in September. Silver price (XAG/USD) posts a fresh weekly high at $29.20 in Friday’s North American trading hours. The white metal gains as US yields sink after the United States (US) Nonfarm Payrolls (NFP) report for July showed signs of cooling labor market conditions. 10-year US Treasury yields witness a bloodbath and dives to multi-month low near 3.82%. The US Dollar...
BitGo Unveils Retail Crypto Custody Platform
BitGo said the retail offering provides the same institutional-grade security guarantees under the hood that the firm’s existing customers are familiar with. Dec 2, 2024, 3:14 p.m. UTC BitGo, a cryptocurrency custodian that has been meeting companies' safekeeping needs since 2013, said it is introducing a dedicated retail platform for everyday crypto investors. The retail custody offering is live for all global investors and provides the same institutional-grade security guarantees under the hood that the firm’s existing customers are familiar with, CEO Mike Belshe said in an interview. In fact, the very first incarnation of BitGo was kind of a...
Ending the Treasury Department’s Regulatory Overreach on Crypto Mixer Tornado Cash
The Fifth Circuit's decision is a victory for privacy, financial freedom, and the rule of law, says Zack Smith, senior legal fellow at The Heritage Foundation. Updated Dec 6, 2024, 9:56 p.m. UTC Published Dec 6, 2024, 9:53 p.m. UTC Cryptocurrency users who crave privacy protections had a lot to be thankful for this past Thanksgiving. Two days before the holiday, a unanimous three-judge panel of the Fifth Circuit ruled that the Treasury Department’s Office of Foreign Assets Control (OFAC) had acted in an arbitrary and capricious manner not supported by substantial evidence when it “overstepped its congressionally defined authority”...