US Treasury Secretary Janet Yellen Urges Congress to Act Quickly on Debt Limit, States Defaulting Would Be ‘Unthinkable’
U.S. Treasury Secretary Janet Yellen has warned again about the consequences of the U.S. defaulting on its debt. During a press conference in Niigata, Japan, Yellen stated that this would be a self-inflicted crisis, and urged Congress to act quickly on the matter, stating that defaulting would be an unthinkable outcome on this issue.
US Treasury Secretary Janet Yellen Urges Congress to Act Quickly to Avoid Debt DefaultU.S. Treasury Secretary Janet Yellen has urged Congress to act quickly on the issue of raising the debt ceiling to avoid a possible debt default that would bring negative consequences for the economy of the country. In a press conference in Niigata, Japan, ahead of the G7 meeting of finance ministers and central bank governors, Yellen warned again about the terrible effects that such an event would cause.
U.S. Treasury Secretary Janet Yellen has warned again about the consequences of the U.S. defaulting on its debt. During a press conference in Niigata, Japan, Yellen stated that this would be a self-inflicted crisis, and urged Congress to act quickly on the matter, stating that defaulting would be an unthinkable outcome on this issue.
US Treasury Secretary Janet Yellen Urges Congress to Act Quickly to Avoid Debt DefaultU.S. Treasury Secretary Janet Yellen has urged Congress to act quickly on the issue of raising the debt ceiling to avoid a possible debt default that would bring negative consequences for the economy of the country. In a press conference in Niigata, Japan, ahead of the G7 meeting of finance ministers and central bank governors, Yellen warned again about the terrible effects that such an event would cause.
Fuck memecoins, says PSYCHO. Yep, you heard that right. Here's why it got our attention:
• Provocative? Absolutely, PSYCHO ain't afraid to challenge the status quo.
• Strong community? 100%. Bunch of defiant spirits rallying behind the coin. Our kind of crowd.
Launched? May 29th
• Results so far? 750 holders, $3.5m market cap.
• CEX listing? First listing on MEXC today at 12pm UTC.
• Next CEXs? They are in contact with Bybit, Huobi, OKX
• Tokenomics? Crystal clear. 90% for DEX liquidity, 5% for CEX, 5% for the community. No BS.
DYOR, but from my side, this might be a massive pump. Don't forget to thank me later.
🧿 Rating: coinmarketcap
💰 Buy: uniswap, mexc
🐦 Follow: twitter
• Provocative? Absolutely, PSYCHO ain't afraid to challenge the status quo.
• Strong community? 100%. Bunch of defiant spirits rallying behind the coin. Our kind of crowd.
Launched? May 29th
• Results so far? 750 holders, $3.5m market cap.
• CEX listing? First listing on MEXC today at 12pm UTC.
• Next CEXs? They are in contact with Bybit, Huobi, OKX
• Tokenomics? Crystal clear. 90% for DEX liquidity, 5% for CEX, 5% for the community. No BS.
DYOR, but from my side, this might be a massive pump. Don't forget to thank me later.
🧿 Rating: coinmarketcap
💰 Buy: uniswap, mexc
🐦 Follow: twitter
Australia-Based Lawyer Bill Morgan Tells Us Exactly Why June 13 Will Be A Monumental Day For Crypto
Australia-based attorney, Bill Morgan, has highlighted three upcoming events that are set to happen on the same day: June 13. Morgan thinks the said date will prove “monumental” for the crypto sector.
Important Events To Watch Out For On June 13Pro-XRP lawyer Bill Morgan observed that Binance is expected to file its response to the U.S. Securities and Exchange Commission’s (SEC) injunction for a temporary restraining order to freeze corporate assets, including cryptocurrencies, held by Binance.US.
The regulator and Binance.US are due back in court on June 13 regarding the matter — the same day the American entity of the global crypto exchange Binance says it will halt the use of fiat and transition to a crypto-only exchange.
Australia-based attorney, Bill Morgan, has highlighted three upcoming events that are set to happen on the same day: June 13. Morgan thinks the said date will prove “monumental” for the crypto sector.
Important Events To Watch Out For On June 13Pro-XRP lawyer Bill Morgan observed that Binance is expected to file its response to the U.S. Securities and Exchange Commission’s (SEC) injunction for a temporary restraining order to freeze corporate assets, including cryptocurrencies, held by Binance.US.
The regulator and Binance.US are due back in court on June 13 regarding the matter — the same day the American entity of the global crypto exchange Binance says it will halt the use of fiat and transition to a crypto-only exchange.
The owner of this channel has been inactive for the last 11 months. If they remain inactive for the next 29 days, they may lose their account and admin rights in this channel. The contents of the channel will remain accessible for all users.
The owner of this channel has been inactive for the last 11 months. If they remain inactive for the next 20 days, they may lose their account and admin rights in this channel. The contents of the channel will remain accessible for all users.
Security and Staking: Algorand CTO Reveals Future of The Popular Blockchain And New Features
Algorand, a state-of-the-art pure proof of stake network, is introducing innovative features that differentiate it from traditional proof of stake networks like Ethereum or delegated proof of stake networks like Cardano, according to John Woods, Chief Technical Officer (CTO) at Algorand. In a recent Twitter Video-call, he explained that Algorand’s pure proof of stake mechanism incentivizes individual participation in consensus and decentralizes the network by disincentivizing pooling.
Algorand, a state-of-the-art pure proof of stake network, is introducing innovative features that differentiate it from traditional proof of stake networks like Ethereum or delegated proof of stake networks like Cardano, according to John Woods, Chief Technical Officer (CTO) at Algorand. In a recent Twitter Video-call, he explained that Algorand’s pure proof of stake mechanism incentivizes individual participation in consensus and decentralizes the network by disincentivizing pooling.
OpenSea Shuts Down Royalty Enforcement, Makes Creator Fees Optional
OpenSea has reversed its policy on royalties for NFT artists by making creator fees optional, citing competition from rival marketplaces, including Blur, LooksRare, and Dew. The leading NFT marketplace announced earlier today that the changes would go into effect on August 31, 2023. Post this date, NFT artists who sell digital art on the platform will receive royalties on secondary sales only if the buyer chooses to pay it.
OpenSea Operator Filter To Be Disabled In addition to making royalties optional, the OpenSea Operator Filter will also be shut down, the NFT marketplace stated in a blog post. Operator Filter, which was launched in November last year, is a tool used by NFT artists to restrict the sale of their collections to marketplaces that don’t enforce creator fees in secondary sales.
The objective of the Operator Filter was to empower NFT creators by giving them control over their artwork and web3 business models. But OpenSea claimed that the tool required the participation of everyone in the web3 ecosystem, which did not happen, prompting the change in the royalty policy.
OpenSea has reversed its policy on royalties for NFT artists by making creator fees optional, citing competition from rival marketplaces, including Blur, LooksRare, and Dew. The leading NFT marketplace announced earlier today that the changes would go into effect on August 31, 2023. Post this date, NFT artists who sell digital art on the platform will receive royalties on secondary sales only if the buyer chooses to pay it.
OpenSea Operator Filter To Be Disabled In addition to making royalties optional, the OpenSea Operator Filter will also be shut down, the NFT marketplace stated in a blog post. Operator Filter, which was launched in November last year, is a tool used by NFT artists to restrict the sale of their collections to marketplaces that don’t enforce creator fees in secondary sales.
The objective of the Operator Filter was to empower NFT creators by giving them control over their artwork and web3 business models. But OpenSea claimed that the tool required the participation of everyone in the web3 ecosystem, which did not happen, prompting the change in the royalty policy.
Tether’s Co-Founder Expresses Doubt Over PayPal’s Foray Into Stablecoins, Predicting A Dearth Of Innovation
Tether’s co-founder says PayPal’s foray into stablecoins will not lead to greater sector innovation.He suggests that the payment giant could lean on stablecoins to increase profitability.Experts argue that PayPal’s push into stablecoins could disrupt the existing conditions in the ecosystem, given its deep user base.Nearly one month after launching its stablecoin, a measure of doubt continues to trail PayPal’s foray, with critics poking holes in the project’s innovativeness.
Tether co-founder William Quigly submitted that PayPal’s decision to launch a stablecoin is largely fuelled by the desire to increase its profitability. In a recent interview with Coindesk, Quigly noted that he does not expect seismic levels of innovation from PayPal’s PYUSD stablecoin, hinting that the offering will be in the same mould as other stablecoins.
Tether’s co-founder says PayPal’s foray into stablecoins will not lead to greater sector innovation.He suggests that the payment giant could lean on stablecoins to increase profitability.Experts argue that PayPal’s push into stablecoins could disrupt the existing conditions in the ecosystem, given its deep user base.Nearly one month after launching its stablecoin, a measure of doubt continues to trail PayPal’s foray, with critics poking holes in the project’s innovativeness.
Tether co-founder William Quigly submitted that PayPal’s decision to launch a stablecoin is largely fuelled by the desire to increase its profitability. In a recent interview with Coindesk, Quigly noted that he does not expect seismic levels of innovation from PayPal’s PYUSD stablecoin, hinting that the offering will be in the same mould as other stablecoins.
Bank Refuses To Reimburse $32,000 Stolen From Grandma With Terminal Illness in Text Message Scam: Report
A grandmother with a terminal illness says an Australia-based bank should have been able to stop a scam as it unfolded in real time.
Lyn Reads says she’s a victim of a scammer who stole about $50,000 AUD – worth about $32,000 USD – from her bank account, reports the Australian Broadcasting Corporation.
A grandmother with a terminal illness says an Australia-based bank should have been able to stop a scam as it unfolded in real time.
Lyn Reads says she’s a victim of a scammer who stole about $50,000 AUD – worth about $32,000 USD – from her bank account, reports the Australian Broadcasting Corporation.
Gemini Files $1.6 Billion Lawsuit Against Genesis for GBTC Shares
New York-based cryptocurrency exchange Gemini has officially initiated legal action against Digital Currency Group’s (DCG) Genesis Global in the Southern District of New York Bankruptcy Court.
According to a Friday statement by the exchange, the lawsuit seeks to recover an astounding $1.6 billion in value from Gemini, allegedly owed to Earn Users who have been caught in the middle of the bitter dispute.
New York-based cryptocurrency exchange Gemini has officially initiated legal action against Digital Currency Group’s (DCG) Genesis Global in the Southern District of New York Bankruptcy Court.
According to a Friday statement by the exchange, the lawsuit seeks to recover an astounding $1.6 billion in value from Gemini, allegedly owed to Earn Users who have been caught in the middle of the bitter dispute.
Dogecoin Looks Ready for Upward Journey After Clearing Major Resistances, Says Crypto Trader – Here’s His Target
A trader thinks that clear skies are ahead for Dogecoin (DOGE) now that the top memecoin has moved above key price hurdles.
Analyst Ali Martinez tells his 34,800 followers on the social media platform X that Dogecoin will likely continue to rally as long as it is above $0.095.
According to Martinez, crypto bulls accumulated billions of DOGE at $0.095 – a price area that he thinks is now acting as firm support.
A trader thinks that clear skies are ahead for Dogecoin (DOGE) now that the top memecoin has moved above key price hurdles.
Analyst Ali Martinez tells his 34,800 followers on the social media platform X that Dogecoin will likely continue to rally as long as it is above $0.095.
According to Martinez, crypto bulls accumulated billions of DOGE at $0.095 – a price area that he thinks is now acting as firm support.
BTC Drops Below $43,000: Could Trigger Massive Altcoin Season For Ether, XRP, Cardano, Solana, Shiba Inu
Bitcoin (BTC) faced a substantial correction, plummeting to $42,140 on December 11, marking a sharp 9% dip. This downturn erased the gains made over the past week and pushed BTC to a four-month low at $41,005, signalling a stark market shift.
The price correction in Bitcoin was swiftly followed by a ripple effect across altcoins, with many witnessing double-digit declines.
Analysts and market experts, however, view this plunge as a natural progression within the ongoing market cycle. A correction of this nature was expected after a bullish surge extending for two months.
Bitcoin (BTC) faced a substantial correction, plummeting to $42,140 on December 11, marking a sharp 9% dip. This downturn erased the gains made over the past week and pushed BTC to a four-month low at $41,005, signalling a stark market shift.
The price correction in Bitcoin was swiftly followed by a ripple effect across altcoins, with many witnessing double-digit declines.
Analysts and market experts, however, view this plunge as a natural progression within the ongoing market cycle. A correction of this nature was expected after a bullish surge extending for two months.
Bitcoin, Ethereum and XRP Sitting at ‘High-Risk’ Profit Levels, Warns Crypto Analytics Firm Santiment
Crypto analytics firm Santiment says that three of the largest crypto networks by market cap now have more than 80% of their existing supplies in profit.
The Total Supply in Profit metric measures what percentage of coins are currently in profit compared to the last time they moved, and sometimes correlates with price trends.
According to Santiment, Bitcoin (BTC), Ethereum (ETH) and XRP have 83%, 84% and 81% of their supplies in profit, surpassing their average that range between 55% and 75% and placing these coins in high-risk profit territory.
Crypto analytics firm Santiment says that three of the largest crypto networks by market cap now have more than 80% of their existing supplies in profit.
The Total Supply in Profit metric measures what percentage of coins are currently in profit compared to the last time they moved, and sometimes correlates with price trends.
According to Santiment, Bitcoin (BTC), Ethereum (ETH) and XRP have 83%, 84% and 81% of their supplies in profit, surpassing their average that range between 55% and 75% and placing these coins in high-risk profit territory.
BlockDAG Coin’s 5000% Potential Gains Traction Amid Meme Mogul Presale
In the midst of Meme Moguls’ play-to-earn excitement, BlockDAG emerges as a compelling contender in the cryptocurrency arena. While crypto majors aim to enhance efficiency compared to Ethereum, BlockDAG has swiftly gained attention by raising $1 million within the first 24 hours of its presale, surpassing Meme Moguls’ initial success.
BlockDAG Coin‘s transparent roadmap and commitment to launching its mainnet within six months have captured the community’s confidence, reflected in its current presale price of $0.0015. With BlockDAG’s potential to become the next 5000x crypto, users are encouraged to participate early as the project progresses with promising prospects.
In the midst of Meme Moguls’ play-to-earn excitement, BlockDAG emerges as a compelling contender in the cryptocurrency arena. While crypto majors aim to enhance efficiency compared to Ethereum, BlockDAG has swiftly gained attention by raising $1 million within the first 24 hours of its presale, surpassing Meme Moguls’ initial success.
BlockDAG Coin‘s transparent roadmap and commitment to launching its mainnet within six months have captured the community’s confidence, reflected in its current presale price of $0.0015. With BlockDAG’s potential to become the next 5000x crypto, users are encouraged to participate early as the project progresses with promising prospects.
BEFE Coin’s Price Spikes by +20% – Holders Buzzing about the 1000x Buzz!
The past seven days have been quite fruitful for BEFE, with a growth of over 20%. But will it grow more or fall back to square one?
BEFE’s Past Week GrowthThe onset of March 23, 2024, appeared like a golden sun for BEFE, shining with the promise of a brighter week. Thanks to the coin’s presale events, its price rose exponentially and reached $0.0006742 on March 25, 2024.
The coin completed the first 3 phases within 24 hours, after which phase 4 went a bit slow. To keep the momentum going, the BEFE team announced airdrop events and giveaways. These events helped the coin complete Phase 4 and proceed towards Phase 5.
The past seven days have been quite fruitful for BEFE, with a growth of over 20%. But will it grow more or fall back to square one?
BEFE’s Past Week GrowthThe onset of March 23, 2024, appeared like a golden sun for BEFE, shining with the promise of a brighter week. Thanks to the coin’s presale events, its price rose exponentially and reached $0.0006742 on March 25, 2024.
The coin completed the first 3 phases within 24 hours, after which phase 4 went a bit slow. To keep the momentum going, the BEFE team announced airdrop events and giveaways. These events helped the coin complete Phase 4 and proceed towards Phase 5.
Willy Woo Predicts $1,000,000 Bitcoin ‘Will Happen Easily,’ Says Multiple Signals Now Flashing Bullish
Popular on-chain analyst Willy Woo strongly believes that Bitcoin (BTC) will ultimately achieve a seven-figure price tag.
Woo tells his 1.1 million followers on the social media platform X that he’s convinced Bitcoin’s value will skyrocket to $1 million in the coming years.
According to the analyst, a $1 million BTC price will have enduring effects that would change the global landscape.
Popular on-chain analyst Willy Woo strongly believes that Bitcoin (BTC) will ultimately achieve a seven-figure price tag.
Woo tells his 1.1 million followers on the social media platform X that he’s convinced Bitcoin’s value will skyrocket to $1 million in the coming years.
According to the analyst, a $1 million BTC price will have enduring effects that would change the global landscape.
U.K-Based Banking Giant Standard Chartered Is Setting Up A Spot Bitcoin, Ether Trading Desk
British multinational bank Standard Chartered is creating a Bitcoin and Ethereum trading desk in London, according to a recent report. If launched, Standard Chartered would become one of the first banks in the world to enter spot crypto trading.
Standard Chartered Ventures Into Spot Crypto TradingAccording to a Bloomberg report citing two people familiar with the matter, Standard Chartered is close to launching a spot trading desk for buying and selling BTC and ETH following the approval of spot Bitcoin and Ethereum ETFs in the U.S.
The new desk will be run from London, United Kingdom, and part of Standard Chartered’s Forex trading unit. The offering will expand the multinational bank’s suite of crypto asset services, including crypto custody and OTC trading.
British multinational bank Standard Chartered is creating a Bitcoin and Ethereum trading desk in London, according to a recent report. If launched, Standard Chartered would become one of the first banks in the world to enter spot crypto trading.
Standard Chartered Ventures Into Spot Crypto TradingAccording to a Bloomberg report citing two people familiar with the matter, Standard Chartered is close to launching a spot trading desk for buying and selling BTC and ETH following the approval of spot Bitcoin and Ethereum ETFs in the U.S.
The new desk will be run from London, United Kingdom, and part of Standard Chartered’s Forex trading unit. The offering will expand the multinational bank’s suite of crypto asset services, including crypto custody and OTC trading.
Get your FREE Entry NFT for Crypto: The Game!
Uniswap's acclaimed Crypto: The Game is about to launch its third season. You must purchase Entry NFT to participate in this survival game, but right now you can get Entry NFT for FREE (just by paying gas for the NFT claim).
Moreover, you can get Entry NFT in all the blockchains supported by the game, namely Ethereum, BSC, Base, Polygon, Arbitrum, Avalanche and Optimism. This will increase your chances in the game. Hurry up! There are only a few days left until the start of the third season!
Website: Crypto: The Game
Uniswap's acclaimed Crypto: The Game is about to launch its third season. You must purchase Entry NFT to participate in this survival game, but right now you can get Entry NFT for FREE (just by paying gas for the NFT claim).
Moreover, you can get Entry NFT in all the blockchains supported by the game, namely Ethereum, BSC, Base, Polygon, Arbitrum, Avalanche and Optimism. This will increase your chances in the game. Hurry up! There are only a few days left until the start of the third season!
Website: Crypto: The Game
Uniswap Labs’ Crypto: The Game set for Emmy Award consideration
Uniswap Labs may bag the crypto industry’s first Emmy Award for its recently acquired Crypto: The Game (CTG). The online survival game is a huge hit with degen gamers and a contender for an Emmy nomination in the Outstanding Emerging Media Program category.
The game is based on a TV reality show format, pitting ten “tribes” of 80 players against each other as they struggle to survive daily “immunity challenges,” such as competing in arcade games or winning an online digital scavenger hunt.
Uniswap Labs may bag the crypto industry’s first Emmy Award for its recently acquired Crypto: The Game (CTG). The online survival game is a huge hit with degen gamers and a contender for an Emmy nomination in the Outstanding Emerging Media Program category.
The game is based on a TV reality show format, pitting ten “tribes” of 80 players against each other as they struggle to survive daily “immunity challenges,” such as competing in arcade games or winning an online digital scavenger hunt.
Third season of Crypto: The Game starting next week! Hurry up and get your Free entry NFT now!
The Emmy-nominated game is about to launch its third season, which promises to be the biggest event in the crypto gaming industry ever! Don't miss your chance to be a part of this story.
Link: Crypto: The Game
The Emmy-nominated game is about to launch its third season, which promises to be the biggest event in the crypto gaming industry ever! Don't miss your chance to be a part of this story.
Link: Crypto: The Game
Marketmaker Gotbit has unveiled a revolutionary tool for traders with free trial period
Gotbit Labs is thrilled to announce the launch of the latest innovation – Gotbit DEX Manager, a comprehensive decentralized exchange management tool designed to streamline your trading experience.
To activate the FREE period, connect with your active wallet on one or more supported blockchains (Ethereum, BSC, Base, Arbitrum, Avalanche, Optimism, Polygon). This wallet address will be connected to Gotbit DEX manager and you will be able to use the system only from this address for 1 month for free. After 1 month you will be able to prolong the work on one of the tariffs offered in the system.
Gotbit Labs is thrilled to announce the launch of the latest innovation – Gotbit DEX Manager, a comprehensive decentralized exchange management tool designed to streamline your trading experience.
To activate the FREE period, connect with your active wallet on one or more supported blockchains (Ethereum, BSC, Base, Arbitrum, Avalanche, Optimism, Polygon). This wallet address will be connected to Gotbit DEX manager and you will be able to use the system only from this address for 1 month for free. After 1 month you will be able to prolong the work on one of the tariffs offered in the system.