Trump's New Intelligence Chief Spells Trouble

John Ratcliffe is the least-qualified director of national intelligence in history—and a staunch partisan as...

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Bitcoin Risks Turning Bearish Due to Declining Market Health, Says Glassnode
May27

Bitcoin Risks Turning Bearish Due to Declining Market Health, Says Glassnode

Bitcoin (BTC) risks sliding back into bearish territory should onchain activity and overall market health continue to decline, warns analytics firm Glassnode. The latest market update from Glassnode shows that the GNI index, which measures the overall state of the Bitcoin network, dropped 18% or 13 points week-on-week, to a value of 60 points. Simultaneously, the price of BTC was falling below the psychological $9,000 level, to around...

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$9M and Over 4,500 Fusions – Bitcoin Cash Supporters Anticipate the Cashfusion Audit
May27

$9M and Over 4,500 Fusions – Bitcoin Cash Supporters Anticipate the Cashfusion Audit

Since November 28, 2019, the Cashfusion protocol has helped facilitate 4,583 fusions to-date with roughly 40,564 bitcoin cash ($9.1M). Cashfusion is an extension of the Cashshuffle platform and the protocol has been deemed “far more practical than other coinjoin protocols.” Bitcoin Cash proponents are now waiting for the completion of the codebase audit, as the protocol will undergo a security audit from the well known...

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IMF Predicts Banks Will Struggle at Least 5 More Years After Global Economy Recovers
May27

IMF Predicts Banks Will Struggle at Least 5 More Years After Global Economy Recovers

The International Monetary Fund (IMF) has predicted that banks will struggle to generate profits at least five years after the global economy recovers from the coronavirus-led economic crisis. The IMF explained that banks were struggling even before the covid-19 pandemic so their troubles “will extend to at least 2025, well beyond the immediate effects of the current situation.” Banks to Face at Least 5 More Years of...

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Swiss Government Rejects $103 Million Bailout for Crypto Companies Battered by Coronavirus
May27

Swiss Government Rejects $103 Million Bailout for Crypto Companies Battered by Coronavirus

Switzerland’s government has rejected a 100 million franc ($103 million) bailout for local cryptocurrency companies battered by the coronavirus economy, local media reported. Zug finance director Heinz Taennler requested the special funding package in April. He planned to issue out loans to startups, which could be converted into shares. The central government had already unveiled a $158.6 million credit facility for all fintech...

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