Amid growing concerns about a possible default in early June, US President Joe Biden and Republican Kevin McCarthy reportedly reached “agreement in principle” to raise the federal government debt ceiling from USD 31.4 billion. According to a Reuters report on May 28 citing “two sources familiar with the negotiations,” the “tentative” deal was reached after a 90-minute phone call between Biden and McCarthy on May 27. “The White House and the negotiators of the Republicans in the House of Representatives have reached an agreement in principle to avoid defaulting on the debt,” the sources said. However, a source has reported…
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Rumors suggesting that Grand Theft Auto VI will incorporate cryptocurrency pop up from time to time, fueling expectations that the highly anticipated game could incorporate digital assets as player rewards, non-fungible tokens (NFTs) as in-game assets, or even as part of the humor of the story. The latest speculations in the crypto community arose last week on Twitter, but so far, there’s no indication that Rockstar Games, publisher of the Grand Theft Auto franchise, plans to jump to Web3. Cointelegraph analyzed the latest rumors and facts about the possibility of an upcoming “GTA Crypto”. Play-to-earn is no longer considered an…
AI affects us all, for better and for worse. The White House studies its risks and impacts on workers. Artificial intelligence (AI) is a technology that affects us all, from President Joe Biden to food delivery people. AI can do things that previously only humans could do, like recognize images, understand language, or make decisions. AI can help us improve our work, but it can also cause us problems. For example, President Biden has used AI to experiment with it, but he has also been the victim of a fake video made with AI that showed a terrible future if…
Bitcoin (BTC) held its most recent gains until May 27, as traders called for a change in “bearish” market sentiment. BTC/USD 1 hour candlestick chart on Bitstamp. Source: TradingViewA trader expects “a pretty big move” in the price of BTC Data from Cointelegraph Markets Pro and TradingView followed the BTC/USD pair as it entered the weekend around $26,700. US macroeconomic data for the week ended with a surprise, as the new Personal Consumption Expenditures (PCE) index showed that the economy is weathering the tightening of financial conditions much better than expected. Markets then began to anticipate that the Federal Reserve…
To invest, you have to “guess” the future. That turns the investor into something of a fortune teller. What’s the point? Well, the idea is to buy low today and sell high tomorrow. The benefit is in the price change over time. Would you like to know how much a Bitcoin will be worth in the future? Well, even if you don’t believe it, There are people who are dedicated to making predictions about the price of Bitcoin based on mathematical and statistical models. However, One of the most important events that affect the price of Bitcoin is the halving,…
After five years out of the Japanese market, the Binance crypto exchange has started the process of establishing a new fully regulated subsidiary in the country. The move follows the acquisition of regulated cryptocurrency platform Sakura Exchange Bitcoin (SEBC) in November 2022. As part of the agreement, SEBC will cease its current services on May 31 and will reopen as Binance Japan in the coming weeks. Users of the global exchange platform in the country will have to register with the new entity. The migration will be available after August 1, 2023 and will include a new KYC identity verification…
Another centralized exchange bites the dust, with Hotbit announcing that it will shut down its operations due to adverse trading conditions. As usual among these platform bankruptcies in recent months, the company cited FTX, the current crisis in the banking system, and even an investigation as reasons for its liquidity problems. The Ledger wallet provider is also going through a rough time. The company decided to postpone its controversial recovery service amid backlash from the community. Security reputation is critical for a cryptocurrency wallet provider, but Ledger’s dilemma may go beyond a public relations crisis. The recovery service was also…
Have you noticed that your car, your mobile, your TV and your rice cooker have something in common? No, it’s not that all of them make your life easier (or more difficult, depending on how you look at it). It is that all of them have tiny little gadgets called microchips or semiconductors inside. These “little gadgets” are the brains of smart technology, making devices think, talk, and work the way they’re supposed to. But it turns out that there is a tremendous mess with microchips that is causing chaos in many sectors of the economy and consumers. Because? What…
Stargate, LayerZero’s cross-chain bridging protocol, has responded to the recent “force majeure” incident affecting Multichain, as well as stability concerns surrounding anyUSDC, Fantom’s top USDC asset. To address these concerns and safeguard the ecosystem, Stargate has submitted a comprehensive proposal and initiated a one-choice voting system for risk mitigation and ecosystem integrity. The voting period for the proposal began at 3:47 AM on May 27 and will end at 3:47 AM on May 30. As part of the proposal, the initial step involves the cessation of STG issuances in Fantom pools. This action by Stargate intends to temporarily suspend emissions…