Bitcoin News and Finance: What You Need to Know

U.S. Treasury Secretary Janet Yellen has insisted that the U.S. could default on its debt obligations on June 1. “I think that’s a hard deadline,” she stressed. Meanwhile, global investment bank Goldman Sachs has estimated that the “real deadline” for a possible U.S. default is “more like” June 8-9. Yellen and Goldman Sachs on U.S. Default, Debt Ceiling U.S. Treasury Secretary Janet Yellen reiterated her concerns about a possible U.S. default on NBC’s “Meet the Press” Sunday. Responding to a question about the June 1 deadline for a possible U.S. default, she said: I indicated in my last letter to Congress that we expect to be unable to pay all of our bills in early June and possibly as soon as June 1. And I will continue to update Congress, but I certainly haven’t changed my assessment. So I think that’s a hard deadline. However, the U.S. government is expecting some tax payments on June 15 which would provide some revenue. When asked about the likelihood the U.S. could get to ...

Multiple sources have reported that the Dash blockchain came to a standstill at block height 1,874,879 following an attempted upgrade to version 19 by the developers. As of now, data indicates that the most recent block verified on the network was over 16 hours ago. Dash Network Upgrade Fails, Resulting in Block Production Halt, Cause Is Currently Unknown On Monday, May 22, 2023, block production came to a halt, prompting Dash Core Group CTO Samuel Westrich to take to Twitter at 1:12 a.m. Eastern (ET) to address the issue. In his tweet, Westrich revealed that the Dash Core upgrade to version 19 had encountered a snag, causing the chain to stall and block production to cease. “The chain is stalled and currently not producing blocks. We have everyone investigating the issue. I will continue with updates on Twitter as we have more information,” he wrote. As of 4:30 p.m. (ET) on Monday, block production remains at a standstill. There are also indications that the upgrade may have cau...

According to an extract from a book called “Rigged,” central banks and global policymakers helped coordinate the rate-rigging scandals Libor and Euribor on a large scale. Written by Andy Verity, the book exposes how various central banks and politicians exerted pressure on banks during the Great Financial Crisis (GFC). This coordinated effort sheds light on the extent of the scandal and the alleged involvement of powerful institutions in manipulating the rates. Verity’s ‘Rigged’ Uncovers Shocking Details About Rate-Rigging Scandals The Times dropped a financial bombshell on May 22, 2023, with an exclusive extract from Andy Verity’s latest book, “Rigged.” The article details how central banks and governments exerted pressure on banks to manipulate key interest rates during the 2008 financial crisis. Shockingly, this information was not utilized when the U.S. Department of Justice (DOJ) and the U.K.’s Serious Fraud Office cracked down on nearly 40 traders and brokers involved in the...

Sleeping Bitcoin Wallet Awakens: $3.7M Worth of BTC Suddenly Moves After Close to 12 Years of Dormancy  Throughout May, the crypto market has remained steady, with a valuation just above the $1 trillion mark. Over the past 30 days, both bitcoin and ethereum prices have remained relatively stable. However, recent data reveals a significant amount of bitcoin has been withdrawn from exchanges, with 43,301 BTC , valued at $1.16 billion, leaving centralized trading platforms in the past month. A large number of major cryptocurrency exchanges have seen a significant outflow of bitcoin, according to data. Exchanges Experience Crypto Exodus Despite Steady Market As of May 21, 2023, centralized crypto exchanges held $57.29 billion worth of bitcoin, equivalent to 10.99% of the leading cryptocurrency’s market capitalization. However, since the collapse of FTX on November 5, 2022, a significant amount of BTC has been withdrawn from exchanges. Prior to this event, Cryptoquant data shows ce...

Massive Gaming, a leading name in the gaming industry, is set to create waves yet again with its highly anticipated House of Slots game. To celebrate the global launch of this Vegas-styled social casino genre, Massive Gaming is hosting an unprecedented event – a 1 Bitcoin Giveaway Free Bonus extravaganza on May 15th, 2023. The event promises to be a game-changer, offering participants a chance to win exciting prizes in the form of BTC , ETH , and USDC, some of the most renowned cryptocurrencies in the market. With a whopping 400 winners expected to be awarded, the House of Slots event is set to captivate gaming enthusiasts worldwide. What sets this event apart is the opportunity for players to earn USDC by engaging with House of Slots. The more USDC participants accumulate during the event period, the higher their rank and chances of winning the incredible prizes. The top-ranked player will be rewarded with a staggering 1 BTC , while the second and third-ranked players will receive ...

The Russian Federation is collaborating with partners to link payment systems alternative to the interbank messaging system SWIFT, a representative of the country’s Ministry of Foreign Affairs announced. The work is part of the de-dollarization of the economy, the official indicated. Russia Seeking to Substitute SWIFT in Trade as Part of De-dollarization Policy The Russian government is actively involved in joint efforts with partners to pair national payment systems alternative to SWIFT , Dmitry Birichevsky, director of the Department of Economic Cooperation of the Russian Foreign Ministry, told journalists at the sidelines of the International Economic Forum “Russia – Islamic World: Kazan Forum.” In the context of the beginning de-dollarization of the economy, one of the main conditions for the stable development of trade, economic, and investment ties is the availability of an independent payment and settlement infrastructure, Birichevsky elaborated quoted by the Tass news agenc...