Bitcoin (BTC) tested $27,000 on May 31 as weakness prevailed into the monthly close. Analyst: Bitcoin reaching “crucial area” Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it continued to lose momentum after local highs near $28,500. As early-week excitement faded, traders and analysts warned that now was a make-or-break point for the
The Chinese government continues to crack down on the cryptocurrency industry with a new investigation targeting a major Chinese yuan stablecoin issuer. The team of Trust Reserve, the issuer of the Chinese yuan-pegged stablecoin CNHC, has been detained by the Chinese police, the local blockchain publication PANews reported on May 31. According to the report,
A Chinese fighter jet performed an “unnecessarily aggressive manoeuvre” near a US military aircraft that was flying over the South China Sea last week, the Pentagon said on Tuesday. The US Indo-Pacific Command released video footage of the incident, which it said happened on Friday, as US defence secretary Lloyd Austin was on his way
Foxconn forecasts its AI server business will at least double in the second half of this year, making the world’s biggest contract electronics manufacturer — best known for making the iPhone — the latest beneficiary of the rapid rise of generative artificial intelligence systems such as ChatGPT. Foxconn chair Young Liu said at the company’s
Early Bitcoin (BTC) investor and Bitcoin Cash (BCH) advocate Roger Ver claimed that Ethereum, not Bitcoin, will be responsible for driving the bulk of new users towards crypto. On a May 31 episode of the Show Me The Crypto podcast, Ver — labeled “Bitcoin Jesus” for his early Bitcoin advocacy — said that despite Ethereum’s
Your browser does not support playing this file but you can still download the MP3 file to play locally. This week, we’re revisiting an episode from last year. Johnson & Johnson, one of the world’s largest healthcare companies, is facing thousands of lawsuits from people alleging they got cancer from using one of their oldest
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Designing a beautiful nursery can be almost as exciting as welcoming a baby. It’s important to create a space not just for sleeping but also to enjoy such a special time. Still, there’s no denying the amount of pressure on new parents to choose the right things to buy or put on a baby registry.
Municipals were firmer Tuesday as U.S. Treasuries rallied on improved chances that Congress will raise the debt ceiling and avoid a U.S. default. Equities ended mixed. Triple-A yields fell three to 10 basis points, depending on the scale, underperforming U.S. Treasuries, which improved by five to 14 basis points with the largest gains on the
The Illinois Supreme Court will have the final say on the constitutionality of the state’s 2019 consolidation of suburban and downstate police firefighter pension fund assets. A group of police funds challenged the legislation, which has so far cleared two legal hurdles. Kane County Circuit Court Judge Robert Villa upheld the law in May 2022 and
The largest eurozone lenders are exposed to “spillovers” of stress from outside the banking system, relying on so-called shadow banks for more than 15 per cent of their funding, the European Central Bank has warned. The rapid growth of shadow banks — a group that includes insurers, hedge funds, asset managers and pension funds —
Cryptocurrency exchanges in Japan are preparing for the enforcement of the Financial Action Task Force’s Anti-Money Laundering (AML) regulations known as the Travel Rule. Major Japanese crypto exchange bitFlyer on May 30 announced the adoption of measures in response to the enforcement of stricter AML measures targeting crypto transactions in Japan. bitFlyer has introduced restrictions
More than 386 million Optimism (OP) tokens — worth $587 million at current prices — are scheduled to be unlocked on May 31 as the initial vesting period for early contributors and investors comes to an end, prompting concerns about downward price pressure. The May 31 OP unlock is one of the largest scheduled unlocking
By Deborah Nash In 1738, the Scottish politician and composer Sir John Clerk of Penicuik visited Studley Royal House and remarked how the vast herds of deer there appeared to resemble “a moving forrest [sic]”. Nearly 300 years later, the original stately home has gone but fallow, red and Manchurian sika deer can still be
After reaching a deal on the US debt ceiling with President Joe Biden over the weekend, House Speaker Kevin McCarthy now has to quell a revolt from the Republican party. McCarthy defended the pact yesterday ahead of a high-stakes vote expected this Wednesday in the lower chamber of Congress, just days before the US is
James Brydon wrote this clue for this month’s FT News Puzzle about the French economy minister’s steamy novel Fugue américaine: Burn Molière plays about a writer of erotica (5,2,5) * “Unfortunately, I couldn’t make the answer fit into the grid,” says James, whose puzzle under his FT handle of Buccaneer, is published today. “I was
In this article CELH SAM HZO PLUG NVDA WEED-CA CROX LEN IFP-CA RH Follow your favorite stocksCREATE FREE ACCOUNT A Citibank sign in front of one of the company’s offices in California. Justin Sullivan | Getty Images Over the past decade, rising household incomes have helped boost the consumer goods sector, providing a great investment
Adding to the existing number of protocol hacks in the crypto industry, Jimbos Protocol has not escaped the sights of the attackers as it has suffered an attack resulting in a loss of a large amount of funds. According to PeckShield, a blockchain security unit, Jimbos Protocol, the liquidity protocol of the Arbitrum system, was
In this article CG Follow your favorite stocksCREATE FREE ACCOUNT Cedric Bobo discusses a new program for Black student-athletes to transition into the commercial real estate market. Diana Olick | CNBC When Darius Livingston graduated from the University of California, Davis, two years ago, he knew his football career was over. Like most of his