Month: May 2023

Sink or swim at $27K? 5 things to know in Bitcoin this week

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Bitcoin (BTC) is fighting for the bull trend as the new week begins with the market acting 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, with last week seeing a flash dip below $26,000 and two-month lows for Bitcoin, making traders fearful of a larger bearish breakdown to come. While this has not materialized, nerves remain on both shorter and longer timeframes. Where is price action likely headed…

Bitcoin a top-3 asset in the event of US debt default: Survey

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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. Treasury Bonds and Bitcoin would be the top three assets, should the U.S. fail to raise its debt ceiling and default on its debt, data from Bloomberg’s latest Markets Live…

Worldcoin Project Seeks $100M in Funding as It Plans Mainstream Launch

The scanning of people’s eyes gives guaranteed access to use the Worldcoin digital currency. The Worldcoin project is looking at raising the sum of $100 million in funding as it prepares to expand its reach with the launch of its own blockchain protocol in the next couple of weeks. According to a report by the Financial Times, the Worldcoin project will use the funding to bolster the development of its iris scanning technology. Per people familiar with the funding plans, the group of investors being courted includes old and new…

Amazon Introduces Artificial Intelligence, Sets to Boost Product Deliveries

With Artificial Intelligence, Amazon products will be delivered to a consumer on the same day or the next day. American multinational e-commerce company Amazon has introduced Artificial Intelligence to boost its delivery speed. According to a top Amazon executive, the newly introduced AI will bring products closer to customers. The AI functions by locating the nearest warehouse with the product needed by the consumer. In a short discussion with Stefan Perego, Amazon’s vice president of customer fulfillment and global op services for North America and Europe, he explained how the…

How to use a VPN for online security and privacy

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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 to potential hackers and cybercriminals when encryption is used, keeping your important information safe. Furthermore, VPNs are essential for protecting your privacy. They make it difficult for websites, online services…

ICO takes action against both Plymouth City Council and Norfolk County Council for failing to respond to information access requests

The Information Commissioner’s Office (ICO) has reprimanded two councils that have failed to respond to the public when asked for personal information held about them – known as a Subject Access Request (SAR). Both Plymouth City Council and Norfolk County Council repeatedly failed to meet the legal deadline of one to three months for responding to a SAR. The ICO has issued a reprimand to both councils, instructing them to take steps to ensure that the public receive their personal information within the statutory period. Following enquiries, the ICO found…

South Korean Politician Quits Party Over Crypto Scandal – Bitcoin News

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 Korean National Assembly, announced he will leave his political faction amid a growing scandal surrounding his alleged cryptocurrency dealings. In a Facebook post on Sunday, he wrote: Today, I am…

Coinbase Unveils Global Advisory Council to Help Navigate Local and International Regulatory Landscape

The Coinbase Global Advisory Council will work together with top executives among other regulatory council members for the same common goal. Coinbase Global Inc (NASDAQ: COIN), a leading cryptocurrency exchange that is publicly traded in the United States, has increased its international interest amid regulatory scrutiny in the country. The exchange has in recent years focused on remote-first operations, which has significantly helped counter the Securities and Exchange Commission’s (SEC) fight against crypto. Moreover, the exchange is under the radar of Gary Gensler and his team for apparently offering unregistered…