The Hong Kong Police Force launch new metaverse platform, ‘CyberDefender’
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The Hong Kong Police Force launch new metaverse platform, ‘CyberDefender’

The cyber security unit of the Hong Kong Police Force have launched CyberDefender, a new metaverse platform designed to educate the public of the potential dangers associated with Web3 and the metaverse. According to a May 27 statement, the Cyber Security and Technology Crime Bureau (CSTCB) of the Hong Kong Police Force unveiled a new metaverse platform, CyberDefender, in an…

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Biden strikes 'tenative' U.S. debt ceiling deal: Report
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Biden strikes ‘tenative’ U.S. debt ceiling deal: Report

United States president Joe Biden and Republican Kevin McCarthy have reportedly reached a “tenative” agreement to raise the federal government’s $31.4 trillion debt ceiling. According to a May 28 Reuters report, which cited two sources familiar with the negiotations, Biden and McCarthy reached ” a tenative deal” to raise the debt ceiling, in an effort to avoid a default, over…

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FTX 2.0 coming up, Multichain FUD, Worldcoin raises six figures
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FTX 2.0 coming up, Multichain FUD, Worldcoin raises six figures

Top Stories This Week Binance suspends deposits for bridged tokens, seeks clarity from Multichain team Crypto exchange Binance suspended deposits for 10 bridged tokens following days of uncertainty surrounding the Multichain protocol. Transactions on the cross-chain protocol have been delayed over multiple bridges in the past few days, with little information from Multichain’s team about the ongoing issues. In a…

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Why is Grand Theft Auto 6 unlikely to incorporate cryptocurrencies?
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Why is Grand Theft Auto 6 unlikely to incorporate cryptocurrencies?

Rumors suggesting that Grand Theft Auto 6 will incorporate cryptocurrencies surface every once in a while, fueling expectations that the highly awaited game may incorporate digital assets as rewards for players, nonfungible tokens (NFTs) as in-game goods, or even as part of the storyline’s humor. The most recent speculations in the crypto community emerged last week on Twitter, but so…

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This Week in Coins: Bitcoin and Ethereum See Fourth Flat Week as TRON and Tether Surge
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This Week in Coins: Bitcoin and Ethereum See Fourth Flat Week as TRON and Tether Surge

It was the fourth consecutive week of flat prices. A generally slow news cycle meant that market leaders Bitcoin and Ethereum remained where they were last weekend.  Bitcoin depreciated a nominal 0.5% and currently trades at $26,815, while Ethereum rose 1% over the seven days and now enters the weekend at $1,829.  On Monday, an AI-generated photo depicting a fabricated…

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Binance kicks off transition to new platform in Japan
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Binance kicks off transition to new platform in Japan

After five years out of the Japanese market, crypto exchange Binance has begun the process of establishing a new and fully regulated subsidiary in the country. The move follows the acquisition of the regulated crypto exchange Sakura Exchange Bitcoin (SEBC) in November 2022.  As part of the deal, SEBC will cease its current services by May 31 and reopen as…

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Cheds recounts how he leaned on crypto during his toughest times
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Cheds recounts how he leaned on crypto during his toughest times

Technical analyst Cheds has dreamed of being a trader since his childhood. However, the journey he had to take to fulfill his dream wasn’t very straightforward.  In an episode of Cointelegraph’s Crypto Stories, Cheds shared his humble beginnings. According to the technical analyst, he always dreamed about trading stocks since he was a kid. He said: “I loved the idea…

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Ledger halts recovery service, Web3 in Hong Kong, and another CEX goes down
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Ledger halts recovery service, Web3 in Hong Kong, and another CEX goes down

Another centralized exchange (CEX) bites the dust, with Hotbit announcing it will close operations due to adverse business conditions. As is common among CEX collapses in recent months, the crypto firm mentioned FTX, the ongoing banking system crisis, and even a probe, as reasons for its cash flow problems. Also facing a tough time is wallet provider Ledger. The company…

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