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US Government Faces ‘Significant Risk’ of Default in June, Congressional Budget Office Warns
14.5.2023
The Congressional Budget Office (CBO) has stressed that “there is a significant risk that the Treasury will run out of funds at some point in the first two weeks of June” if the debt ceiling is not raised or suspended. The CBO’s projection is in line with the estimate by the Treasury Department...
No I Will Not Be Waiting In A Zelda: Tears Of The Kingdom Line, Thank You
12.5.2023
It is May 12, 2023, The Legend of Zelda: Tears of the Kingdom release day, and the temperature in New York City is creeping dangerously close to 90 degrees. In Midtown, bankers are sweating through their Brooks Brothers dress shirts and slacks, while tourists have busted out the cargo shorts. As...
Do Kwon to Be Released on €400,000 Bail, Pleads Not Guilty in Montenegro
12.5.2023
Terraform founder Do Kwon will be released from jail but placed under police surveillance at a local residence, a Montenegrin court has decided. The trial against him and another Korean, on charges of travelling on false documents, opened on Thursday with both pleading not guilty. Court Grants Bail...
Shiba Inu news may not be enough to push the price up; Avorak trade suggests
12.5.2023
Shiba Inu, the popular meme-inspired cryptocurrency, has been headlining the crypto space due to its various developments, such as the impending launch of Shibarium. While these developments have generated buzz among the cryptocurrency community, Avorak Trade, a blockchain, and AI-powered trading...
Temporary Transaction Finality Glitch Disrupts Ethereum Network for 25 Minutes, Developers Investigate the Cause
12.5.2023
Ethereum had issues processing transactions on May 11, 2023, at around 4:13 p.m. Eastern Time on Thursday, and transaction finality issues lasted for roughly 25 minutes. Currently, developers do not know what caused the issue and the blockchain is now running normally. Ethereum Network Experiences...
Donald Trump Urges Republicans to Let US Default on Debt if Democrats Don’t Agree to Spending Cuts
11.5.2023
Former U.S. President Donald Trump has urged Republican lawmakers to let the U.S. default on its debt obligations if the Democrats do not agree on “massive” spending cuts. Trump, who is also running for president in 2024, stressed that letting the U.S. default is “better than what we’re doing right...
Bitcoin’s High Fees Brought Back Bull Market-Level Mining Revenue, But Not for Long
11.5.2023
The transaction fees debacle might be a short lived revenue bump for the miners but provides a glimpse of the future for the miners
Terraform Labs CEO Do Kwon Pleads Not Guilty to Forged Passport Charges
11.5.2023
Terraform Labs co-founder Do Kwon pleaded not guilty to allegedly using false passports from Belgium and Costa Rica on Thursday in a Montenegro court, according to Bloomberg News.
Kwon had been on the run for months after the demise of Terraform Labs, the company behind the algorithmic stablecoin...
South African Minister Tells BRICS Nations Not to Rush Decision on Common Currency
11.5.2023
The South African minister of international relations, Naledi Pandor, has urged Brazil, Russia, India, China and South Africa (BRICS) countries to be wary of making a hurried decision when they meet in August to discuss launching a common currency. Pandor said her country will “not shy away...
JPMorgan CEO Jamie Dimon in Favor of Abolishing Debt Limit; States Getting Close to Default Can Cause Panic
11.5.2023
Jamie Dimon, CEO of JPMorgan, stated that he favored abolishing the debt limit, giving the government the faculties to extend its debt without congressional action. Dimon also stated that even the drama surrounding the build-up to extending or not extending the debt limit could cause panic, as...
FTX Lawsuit Against Shaq Takes a Wild Turn: Court Documents Allegedly Thrown at NBA Star’s Car
10.5.2023
In a recent court submission, legal representatives for basketball icon Shaquille O’Neal, commonly referred to as Shaq, claim he was not duly served in the FTX class-action lawsuit. As per the document, servers allegedly hurled the court documents at Shaq’s car, ultimately landing...
Billionaire CEO Behind Fortnite Declares 'The Metaverse is Not Dead' – Here's Why
10.5.2023
The billionaire CEO of Epic Games, the company behind the popular online game Fortnite, has refuted claims that the metaverse is dead.
In a recent tweet, Tim Sweeney mocked a Business Insider article that suggested the metaverse had run its course, hinting at the number of active users across...
FTX Founder Bankman-Fried Seeks Dismissal of Charges Filed After Extradition
9.5.2023
Former CEO of crypto exchange FTX, Sam Bankman-Fried, has asked a judge in the U.S. to dismiss several charges against him filed after his extradition from the Bahamas. His lawyers insist that prosecutors have not obtained consent from Bahamian authorities for the additional counts. FTX’s...
Bank of America: Threats to US Dollar’s Dominance Largely Domestic — Not BRICS Currency or Chinese Yuan
9.5.2023
Bank of America has warned that the key threats to the U.S. dollar’s dominance are largely domestic, as opposed to competition from other currencies, including a BRICS currency. “U.S. fiscal brinkmanship, with risks for government shutdown, or even worse a default, keeps coming up during debt...
'Bitcoin is not under attack:' BTC maxis allay fears of a DoS offensive
8.5.2023
Concerns circulated on Crypto Twitter of a denial of service (DoS) attack on the Bitcoin network
UK High Court Rules to Set Aside Interim Proprietary Injunction Against Binance
6.5.2023
A high court in the United Kingdom recently set aside a proprietary injunction that was issued against the crypto exchange Binance. In its application challenging the injunction, Binance said the action had been taken without notice. Binance also said it could not comply with the injunction since...
SEC Probes First Republic Bank Executives for Insider Trading; Lawmakers Dump Bank’s Shares Before Collapse
6.5.2023
After the second largest bank failure in history, the U.S. Securities and Exchange Commission (SEC) is reportedly investigating First Republic Bank executives for allegedly engaging in insider trading. Two sources have claimed that the securities regulator is scrutinizing the bank’s...
The Need for Clarity in Washington – Not Just on Crypto
5.5.2023
The recent ambiguous messaging from the Federal Open Market Committee's meeting, which left markets struggling to interpret signals from the FOMC statement and Chair Jerome Powell's comments, is typical of the abstruse signals that can be found in central bank policy-setting. But new tools, such...
Not Even Starfield Will Get People To Trade Their PS5s For Series X/S, Says Xbox Boss
4.5.2023
In 2023, digital sales account for the majority of video games sold. But this wasn’t always the case. In fact, this really didn’t start until the Xbox One and PlayStation 4 era of gaming. And according to Microsoft Gaming CEO Phil Spencer, losing to Sony in that generation has put Xbox at...
Argentinian Lawmaker Suggests Saving in Crypto, Not USD
4.5.2023
An Argentinian lawmaker has suggested that citizens should save their money in crypto, rather than United States dollars.
The comments came from the MP Martin Tetaz, a member for the city of Buenos Aires.
Tetaz was responding to a tweet from a fellow Buenos Aires MP, Ramiro Marra.
Marra asked...