TheSpuzz Desk

DOJ sues Visa for locking out rival payment platforms

DOJ sues Visa for locking out rival payment platforms

Source: The Verge The Department of Justice has filed an antitrust lawsuit against Visa, alleging that the financial services firm has an illegal monopoly over debit network markets and has attempted to unlawfully crush competitors, including fintech companies like PayPal and Square. The lawsuit, which was first rumored by Bloomberg, follows a multiyear investigation of…

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US Fed pivot in focus: Why are gold prices following US Treasury yield? — Explained | Stock Market News

US Fed pivot in focus: Why are gold prices following US Treasury yield? — Explained | Stock Market News

Source: Live Mint 1-year bond yield is quoting higher than the 10-year, with 1-year yield at 3.98% & 10-year at 3.77%. Gold prices often follow US Treasury yields because of the inverse relationship between yields and gold’s opportunity cost. When Treasury yields rise, especially in the short term, investors may prefer bonds over gold, a…

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XRP Surpasses Cardano, But Solana Remains Institutional Investors Favorite, Here’s Why | TheSpuzz

XRP Surpasses Cardano, But Solana Remains Institutional Investors Favorite, Here’s Why | TheSpuzz

Source: Bitcoinist The latest weekly digital asset fund flows from CoinShares shed light on the ongoing dynamics among institutional investors when investing in altcoins such as XRP, Solana, and Cardano. Most of the inflow activity went into Bitcoin, but the report also highlights a diverse set of trends among altcoins to show preferences and strategies…

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