CEO Comments on Bitcoin Volatility as Metaplanet Repays 2 Billion Yen Bonds Ahead of Schedule

MetaPlanet, a prominent technology company, has successfully repaid its bonds on schedule, showcasing its financial stability and commitment to its investors. This positive news comes amidst a period of volatility in the cryptocurrency market, with Bitcoin experiencing some downward movement. CEO of MetaPlanet, John Smith, provided insightful comments on the company’s ability to honor its [...]

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White House Deluged with 10,000+ Comments on AI Development Strategy

The White House recently announced that they have received over 10,000 comments on their Artificial Intelligence (AI) development plan. This plan aims to guide the government’s approach to AI research and development in various sectors. The comments were solicited through a public consultation process that sparked interest and engagement from a diverse group of stakeholders [...]

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Aaves $1B Risk Reduction Sparks DeFi Shift: Whats Next?

Despite the market experiencing another price dip similar to February, liquidations on lending platforms have remained relatively low. A significant shift has occurred in Aaves Mainnet, where high-risk loans have decreased by nearly $1 billion, according to IntoTheBock data. While some of these reductions stem from forced liquidations, a larger portion reflects the markets cautious […]

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Moody’s Warns of Potential Financial Disruption Spillover Beyond US Banking Sector

Roughly ten days ago, the credit agency Moody’s Investors Service downgraded the U.S. banking sector from “stable” to “negative.” In a recent update on Thursday, the company stated that there is still a risk to the U.S. economy. The managing director of credit strategy at Moody’s explained that the country “will be unable to curtail [...]

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Report: Silicon Valley Bank Under FDIC Auction as Calls for Bailout Grow

The U.S. Federal Deposit Insurance Corporation (FDIC) began an auction process for Silicon Valley Bank (SVB) late Saturday night, according to reports. Final bids are due by Sunday afternoon. Unnamed sources indicate that the FDIC is seeking to close the deal promptly after California regulators closed the bank and placed it into FDIC receivership on [...]

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ECB president’s anti-crypto comments trigger community responses

On a Dutch talk show, Christine Lagarde said that crypto is “worth nothing,” as there’s no underlying asset that backs the currencies.

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Trezor Enables Coinjoin for Trezor T Model to Bolster a ‘New Era of Privacy’

According to Trezor, the crypto hardware wallet manufacturer, owners of the Trezor T model can now use a Coinjoin feature to preserve their privacy. Trezor had announced the Coinjoin feature’s impending arrival on the hardware wallet seven months ago, and the feature went live on April 19. Trezor Adds Coinjoin to Software Suite Owners of

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CBDC Debate Heats Up: BIS Project Sparks Controversy Among Critics; Lynette Zang Warns of Dangers of CBDCs

During the weekend, discussions about central bank digital currencies, or CBDCs, trended on social media as many people believe the idea will result in increased financial surveillance and a totalitarian monetary system. In a recent interview, Lynette Zang, the chief market analyst at ITM Trading, warned that CBDCs will “take the world into a full [...]

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Coinbase Cold Wallet Stir: Rumors and Misinformation Surround Significant Ethereum Transfer

On June 13, 2023, several individuals discovered a significant transfer of Ethereum (ETH) that had remained dormant for a few years. While the observers believed the funds were being deposited into Coinbase, they shared this information on social media to highlight the unusual occurrence. However, despite the speculation, it was soon clarified that the transfer [...]

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Warren Buffett Likens Bitcoin to Gambling and Chain Letters in Recent Interview

Finance mogul Warren Buffett, one of the most successful investors in history, discussed bitcoin during an interview on CNBC’s Squawk Box on April 12. As he has done in previous interviews, the business magnate likened bitcoin to a gambling scheme and chain letters he received as a child. Buffett Shares His Two Cents on Bitcoin, [...]

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