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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...
Robert Kennedy Jr Warns of Mega Economic Crisis — Says ‘It’s Not Just the Banks’
4.5.2023
U.S. Presidential Candidate Robert F. Kennedy Jr. has warned that “the banking collapse is the tip of an economic mega-crisis,” emphasizing that “It’s not just the banks.” He also slammed President Joe Biden’s crypto mining tax proposal. “It is a mistake for the U.S. government to hobble...
New Minecraft Update Fixes A Bug From 2012 (No, That’s Not A Typo)
3.5.2023
Cast your mind back to October 2012. Pokemon Black and White 2 had just been released. Resident Evil 6 launched and disappointed many. And Dishonored arrived on the scene, earning Arkane many accolades and awards. And also, a minor bug involving footsteps and blocks was introduced into Minecraft....
Crypto’s Macro Drivers – It’s Not Just About Bitcoin
3.5.2023
Crypto Innovation and Regulation Should Be Partners, Not Adversaries
3.5.2023
Developers are flourishing elsewhere amid strident relationships with U.S. regulators
Fed Preview: Crypto Observers Believe Bitcoin Rally May Stall if Powell Does not Signal End of Tightening
3.5.2023
We expect that Chair Powell may shy away from being definitive when it comes to a pause which may disappoint the market, one crypto trader said
BitFlyer USA Fined $1.2M by NYDFS for Not Meeting Cybersecurity Requirements
3.5.2023
https://www.dfs.ny.gov/system/files/documents/2023/05/ea20230502_bitflyer_usa_inc.pdf
Analysts Warn of More Bank Failures, Possible Recession and Global Repercussions Caused by First Republic Bank Collapse
3.5.2023
The recent takeover of First Republic Bank, the fourth U.S. bank to fail this year, has awakened concerns about the possible repercussions this new failure might have on U.S. and international economies. While United States President Joe Biden has assured the public that the banking system remains...
Russia Monitoring US Economy Amid Possible Default, Says Official
3.5.2023
Russia is closely monitoring the U.S. economy amid discussions of the U.S. government defaulting on its debt obligations. Treasury Secretary Janet Yellen said the Treasury will be unable to pay the government’s bills if Congress does not act by June 1. Russia Monitoring US Economy in Case of Debt...