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Treasury Secretary Yellen Insists US Could Default on June 1 — Goldman Sachs Estimates ‘Real Deadline’ Is a Week Later

U.S. Treasury Secretary Janet Yellen has insisted that the U.S. could default on its debt obligations on June 1. “I think that’s a hard deadline,” she stressed. Meanwhile, global investment bank Goldman Sachs has estimated that the “real deadli...

Dash Blockchain Halts After Upgrade Attempt, Possible Fork Detected

Multiple sources have reported that the Dash blockchain came to a standstill at block height 1,874,879 following an attempted upgrade to version 19 by the developers. As of now, data indicates that the most recent block verified on the network was ov...

New Book Reveals Central Banks’ Role in Libor and Euribor Rate-Rigging Scandals

According to an extract from a book called “Rigged,” central banks and global policymakers helped coordinate the rate-rigging scandals Libor and Euribor on a large scale. Written by Andy Verity, the book exposes how various central banks and politici...

Dormant Bitcoin Wallet From 2010 Makes Rare Transaction on 13th Anniversary of Bitcoin Pizza Day

As bitcoin enthusiasts commemorate Bitcoin Pizza Day, marking the 13th anniversary of Laszlo Hanyecz’s acquisition of two pizzas for 10,000 BTC on May 22, a dormant sleeping bitcoin wallet from July 2010 has made a transaction of 50 BTC after...

Gold Prices Poised to Skyrocket as Expert Predicts Fourfold Increase in Demand

Although gold has been trading below the $2K range since May 16, 2023, Rick Rule, the founder of Rule Investment Media, is confident that the struggling U.S. economy will cause demand for precious metals like gold to skyrocket. In an interview publis...

Effortless Crypto Earning: How GoMining is Changing the Game

GoMining, a prominent bitcoin mining venture with six years of industry expertise, is commemorating its second anniversary with a significant rebranding. The venture, which oversees substantial bitcoin mining rigs across nine data centers in diverse...

Biggest Movers: TRON Nears 1-Year High, Whilst ADA Snaps 4-Day Bear Run

Tron rose for a fourth consecutive session on Monday, pushing the token to an eleven-month high. The move comes despite current sentiment of uncertainty in the cryptocurrency market. Cardano was also higher, snapping a losing streak in the process....

Crypto Exchanges Experience $1.77B Bitcoin and Ethereum Outflow in 30 Days

Throughout May, the crypto market has remained steady, with a valuation just above the $1 trillion mark. Over the past 30 days, both bitcoin and ethereum prices have remained relatively stable. However, recent data reveals a significant amount of bit...

Bitcoin, Ethereum Technical Analysis: BTC Remains Below $27,000 Ahead of Pivotal Week in US Debt Ceiling Talks

Bitcoin continued to consolidate on Monday, ahead of U.S. debt ceiling talks with President Biden and Republican House Speaker Kevin McCarthy. It is expected that if a deal isn’t reached this week, the government will run out of cash on June 1...

SWIFT Data Shows Despite De-Dollarization Push, US Dollar Is Still the King of International Settlements

The share of the U.S. dollar usage for international payments has risen to 42.71% in April, despite the push of some countries towards de-dollarization. The dollar remains the most used currency in international settlements, with the euro taking seco...

Massive Gaming Celebrates Global Launch of House of Slots With Unprecedented 1 Bitcoin Giveaway Free Bonus Event

Massive Gaming, a leading name in the gaming industry, is set to create waves yet again with its highly anticipated House of Slots game. To celebrate the global launch of this Vegas-styled social casino genre, Massive Gaming is hosting an unprecedent...

Russia ‘Actively’ Working on SWIFT Alternatives, Foreign Ministry Official Says

The Russian Federation is collaborating with partners to link payment systems alternative to the interbank messaging system SWIFT, a representative of the country’s Ministry of Foreign Affairs announced. The work is part of the de-dollarization of th...

Ron Paul Denounces US Government ‘Deceptions’ on Inflation; Mentions Federal Reserve Involvement

Ron Paul, a former congressman from Texas and former U.S. presidential candidate, has reflected on how the U.S. government is handling inflation and how it has been deceitful on the issue. Paul believes that if the U.S. government were to really poin...

The Kingdom of Bhutan’s Business Division Explores Crypto Ventures With Bitdeer Partnership

A recent report reveals that Druk Holding & Investments (DHI), the business division of Bhutan’s Royal Government, is exploring crypto initiatives to enhance its portfolio expansion. DHI recently teamed up with Singapore-based crypto compa...

Proof of Talk: Gathering Web3’s Elite for a Unique Leadership Summit at Paris’s Louvre Palace in June

PRESS RELEASE. Tickets are now on sale in limited quantities for Proof of Talk – www.proofoftalk.io, the highly anticipated gathering, poised to bring together the most influential thought leaders in the Web3 industry. This groundbreaking event...

Federal Reserve Chair Powell Hints at Possible Pause in Interest Rate Hikes

Federal Reserve Chair Jerome Powell has hinted that the Fed may pause raising interest rates at the Federal Open Market Committee (FOMC) meeting next month. “Having come this far, we can afford to look at the data and the evolving outlook and make ca...

UBS Offers 3 Reasons to ‘Buy Gold Now’ — Forecasts All-Time High This Year

Global investment bank UBS has provided three reasons for investors to “buy gold now.” Expecting gold to break its all-time high later this year, the Switzerland-based investment banking giant has retained its “most-preferred rating” on g...

Biden Says He Won’t Agree to Deal That ‘Protects Wealthy Tax Cheats and Crypto Traders’ as US Default Looms

U.S. President Joe Biden says he will not agree to “a deal that protects wealthy tax cheats and crypto traders while putting food assistance at risk” as the U.S. faces the risk of defaulting on its debt obligations. “I’ve done my part,...

Bitcoin Blockchain Continues to See Growth in Ordinal Inscriptions and BRC20 Tokens

As of Sunday, May 21, 2023, over 8.3 million Ordinal inscriptions have found their place on the Bitcoin blockchain, accompanied by a count of 24,677 BRC20 tokens. These new BRC20 tokens have also amassed a collective market capitalization of $483 mil...

De-dollarization Has Already Started, Says Russia’s Foreign Minister Lavrov

The process of de-dollarization has practically started, according to Russian Minister of Foreign Affairs Sergey Lavrov. Moscow’s top diplomat is convinced that Russia’s position on the matter is shared by many other countries while the West is under...

Clash of Presidential Contenders: Bitcoin Gains Prominence as 2024 US Election Approaches

With the 2024 U.S. presidential election drawing near, the enthusiasm of bitcoin and cryptocurrency advocates has intensified, as two candidates have emerged in the race who openly express their support for bitcoin and willingly accept the dominant d...

Stablecoin Economy Shrinks by $7.3 Billion in 2023, USDC and BUSD Record Mass Redemptions

From the beginning of this year, the crypto economy has surged by 41.77%, reaching a current market capitalization of $1.17 trillion. However, amidst this growth, the stablecoin economy experienced a substantial loss of $7.3 billion within a span of...

Rand Plunges After US Weapons Accusations Against South Africa, Schiff Criticizes Misleading Inflation Numbers, and More — Bitcoin.com News Week in Review

Another exciting week in crypto and finance has come and gone, with news of U.S. government accusations against South Africa, regarding the alleged supply of the Russian state with ammunition. In other news, ten Southeast Asian nations are challengin...

Africa and Asia-Focused Fintech Jia Raises $4.3 Million in Seed Funding Round

Jia, a blockchain fintech startup, recently revealed it has raised $4.3 million in a seed funding round which was led by the early-stage consumer crypto fund TCG Crypto. Jia has said it will use the funds raised to bolster its Kenyan and Philippines...

Russia Involved in De-Dollarization Talks With the Islamic World to Create Independent Financial System

Russia and the Islamic world are currently discussing how to deepen the de-dollarization agenda to create a new financial system. According to statements from Russian Deputy Prime Minister Alexey Overchuk, these topics are inscribed in broader deglob...

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