Analysts have criticized the new ‘de-risking’ strategy that the U.S. is currently using against China, explained by U.S. National Security Advisor Jake Sullivan in April, clarifying that national security was over economic costs. These de-risking policies might affect bilateral trade, which fell by 11.2% to $217.9 billion during the first four months of 2023. ‘De-Risking’ Is a Euphemism for Decoupling…
press release PRESS RELEASE. Reef is thrilled to announce the launch of a $10 Million Accelerator Program for Web3 projects building on the Reef Chain, which are based out of the Middle East. The program, managed by Reef Labs, aims to support, incubate, and invest in promising Middle East-based Web3 developers, teams, and projects building on the Reef Chain. The…
Bitcoin (BTC) is fighting for the bull trend as the new week begins as the market acts within a crucial zone. After closing the weekly candle at just below $27,000, BTC/USD is attempting to cement support as a stubborn trading zone holds. The stakes are already high — last week saw a flash dip below $26,000 and two-month lows for…
Amazon is prioritizing using artificial intelligence (AI) to enhance delivery speed by reducing the distance between products and customers. Speaking to CNBC on May 15, Stefano Perego, vice president of customer fulfillment and global operations services for North America and Europe at Amazon, said that artificial intelligence plays a role in various aspects of Amazon’s operations. This includes using AI…
LSD tokens are heading higher. Lido Finance (LDO) and Rocket Pool (RPL) led weekly market gains with 22.9% and 12.8% price surges, respectively, even amid a widely bearish move from the broader crypto market. Ethereum’s price lost 1.% in the last seven days, according to CoinGecko data. Liquid staking refers to the process of depositing ETH into a protocol that…
Major cryptocurrency Bitcoin (BTC) could become a top-three asset in the event of a theoretical debt default in the United States, according to a new survey. As U.S. President Joe Biden prepares to meet with Congress on May 16 to discuss the U.S. debt ceiling, investors are seeking hedges to protect their savings in the event of default. Gold, U.S.…
Worldcoin, the iris-scanning crypto project helmed by OpenAI CEO Sam Altman, continues to attract investors despite yet having left beta. Citing three people with knowledge of the deal, the Financial Times reported that Worldcoin is “in advanced talks” on a new round of financing worth around $100 million. The round is backed by both existing and new investors, according to…
A Virtual Private Network (VPN) is a technology that establishes a secure and encrypted connection between your device and the internet. It creates a private network over a public network, such as the internet, allowing you to browse the web securely and privately. A VPN’s increased online security is one of its main benefits. Your internet traffic is rendered unreadable…
The SEC originally wanted LBRY to pay millions of dollars in penalties, but now concedes the defunct firm can’t pay up that amount. Source: https://cointelegraph.com/app/public/index.php/news/sec-revises-lbry-fine-to-111k
A member of the South Korean parliament is leaving his party amid mounting allegations of massive crypto investments inconsistent with his frugal public image. The controversy, which has caught the attention of the Korean society, involves accusations of conflict of interest and other irregularities. Lawmaker Leaves South Korean Opposition Party Over Crypto Holdings Kim Nam-kuk, a representative in the South…
