Meta to Slow Hiring in 2022, Hints at Layoffs After Metaverse Pivot

Meta, the company formerly known as Facebook, is preparing to face a strong market downturn. According to reports, Mark Zuckerberg, CEO of Meta, announced a change in the hiring policies of the company, lowering the number of engineers planned to be hired from 10K to 6-7K. Previously, Zuckerberg had warned about the metaverse pivot of the company and how it could make it lose money in the near future. Meta Preparing for a Difficult Future Meta, the social media and tech company that pivoted to metaverse tech, has announced a…

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Study Shows Singapore Leads in NFT Searches Worldwide, Researchers Say ‘Poland Is the Most Anti-NFT Country’

During the past seven days, non-fungible token (NFT) sales have dropped 23.37% and 30-day statistics show NFT sales are down 63.10% from the month prior. While NFT interest has been waning, a recent study indicates that global regions like Singapore and Hong Kong lead the pack in terms of NFT interest. The research further suggests that “Poland is the most anti-NFT country.” The most searched NFT project worldwide, according to search volumes by country, is Axie Infinity, which commands 112 countries in terms of the top searches by collection. Singapore,…

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Alexander Vinnik Serves Prison Term in France but No Freedom in Sight

Having served his five-year prison sentence in France, Russian IT and crypto specialist Alexander Vinnik is now facing a return to Greece and possible extradition to the United States. A French cassation court has recently dismissed an appeal filed by his defense against the transfer. US Extradition Continues to Haunt BTC-e’s Alexander Vinnik The alleged operator of the infamous BTC-e exchange, Alexander Vinnik, is once again under threat of extradition to the United States. The Russian’s international defense team is still trying to secure his release but the French judiciary…

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U.S. military’s newest weapon against China and Russia: Hot air

The Pentagon is working on a new plan to rise above competition from China and Russia: balloons. The high-altitude inflatables, flying at between 60,000 and 90,000 feet, would be added to the Pentagon’s extensive surveillance network and could eventually be used to track hypersonic weapons. The idea may sound like science fiction, but Pentagon budget documents signal the technology is moving from DoD’s scientific community to the military services. “High or very high-altitude platforms have a lot of benefit for their endurance on station, maneuverability and also flexibility for multiple…

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The lore of ‘CODELs’: How foreign travel helps Congress at home

MADRID — Thom Tillis and Chris Murphy’s work on a once-in-a-generation gun safety bill began thousands of miles away from the Capitol, in the Western Balkans. The North Carolina Republican and the Connecticut Democrat barely knew each other at the time and had no predetermined reason to link up, especially on an issue as vexing as gun violence. They don’t sit on the same Senate committees. They’re from different regions. And less than two years ago, Murphy was even fundraising on behalf of Tillis’ Democratic opponent. Their swing through Serbia,…

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Euro Drops to 20-Year Low Against the US Dollar, Tapping $1.028 per Unit — Analyst Says Parity Is Imminent

The euro has had a sluggish start to the second half of 2022 as the fiat currency slid to a 20-year low against the U.S. dollar. The drop adds to the fear that the global economy is in a recession and analysts believe that the risk of “parity is just a matter of time now.” Euro Nears Parity With US Dollar Policymakers at the European Central Bank (ECB) have been dealing with record inflation levels but have been much slower than the U.S. in terms of raising the benchmark interest…

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Legends of Bezogia Reveals Sustainable Play2Earn Mechanics By Publishing Breakthrough Whitepaper

ZOGI Labs Ltd. reveals shocking whitepaper detailing next-level blockchain gaming mechanics never seen before in the industry. Eliminating core industry issues like token inflation, the team has formulated proprietary formulas that algorithmically balance a sustainable gaming economy inside Legends of Bezogia. Featuring next generation graphics, a rich and deep storyline along with playable NFTs, Legends of Bezogia is set to take the industry by storm by giving crypto-enthusiastic gamers an MMORPG that truly looks and feels like a deeply immersive game. The Legends of Bezogia resembles a triple A game…

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Biggest Movers: ATOM Approaches 1-Month High, While MATIC Hits 1-Week High

ATOM was fast approaching a one-month high during Tuesday’s session, as bullish momentum continued to rise following recent gains. This move comes as MATIC also climbed higher, hitting its highest level since June 29 in the process. Cosmos (ATOM) ATOM was trading higher on Tuesday, as prices rose to a multi-week high earlier in today’s session. The token rose to an intraday peak of $9.27 following yesterday’s July 4 celebrations, where prices hit a low of $8.14. Today’s peak sees ATOM/USD hit its highest point since June 9, as prices…

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Indian Crypto Trading Volumes Plummet After New TDS Tax Rule Takes Effect

Cryptocurrency trading volumes across exchanges in India have plunged after the country’s 1% tax deducted at source (TDS) went into effect at the beginning of the month. Some major crypto exchanges saw volumes dropping by about 80%. Crypto Trading Volumes Fall Across India The trading volumes across crypto exchanges in India have fallen sharply after the new TDS (tax deducted at source) went into effect on July 1. Trading volumes on major Indian crypto exchanges Wazirx, Coindcx, Zebpay, and Bitbns plunged about 83%, 70%, 76%, and over 18%, respectively, from…

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Bitcoin, Ethereum Technical Analysis: ETH Back Above $1,100 as BTC Briefly Hits $20K on Tuesday

BTC briefly rose back above $20,000 on Tuesday, as U.S. markets reopened following yesterday’s Independence Day holiday. Prices of ETH also surged, climbing over its $1,100 resistance level. Overall, the crypto market cap is trading 0.63% higher. Bitcoin On Tuesday, bitcoin rallied back above $20,000, as traders returned from the U.S. Independence Day celebrations. In what has been a highly volatile trading session, BTC/USD rose to an intraday peak of $20,405.12 earlier in the day. However, these gains were not sustained, with prices since moving to a low of $19,438.48,…

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Tron’s USDD Regains Stability After Tapping an All-Time Low at $0.92

Between June 13 and June 27, or roughly two weeks, Tron’s stablecoin USDD dropped lower than the $1 parity and slipped to a low of $0.928 per unit on June 19. During the past seven days, USDD has managed to jump back to the $0.98 to $0.99 region while reaching $1 on July 3. Tron’s USDD Stablecoin Climbs Back Above $0.98 per Unit The stablecoin USDD, issued on top of the Tron network, saw its value slip below the typical $1 parity it held prior to June 13. Prior to…

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Despite rebukes, Trump’s legal brigade is thriving

Juli Haller was part of Donald Trump’s legal brigade in Michigan, filing a lawsuit alongside the ubiquitous Sidney Powell that claimed absentee vote counts were likely manipulated by a computer algorithm developed by allies of deceased Venezuelan dictator Hugo Chávez. The lawsuit was quickly deemed baseless, and she was among nine attorneys ordered by a federal judge to pay the city of Detroit and state of Michigan’s legal fees and referred for possible disbarment. In a blistering rebuke, Judge Linda V. Parker called it a “historic and profound abuse of…

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New Jan. 6 Trump documentary footage revealed

POLITICO has exclusively obtained a trailer for Alex Holder’s “Unprecedented,” the British filmmaker’s upcoming Discovery+ docuseries about the Trump family. The two-minute-plus trailer was included among the hours of footage that Holder turned over to the House Jan. 6 committee under subpoena. Holder gave testimony to the committee behind closed doors on June 23. The new video highlights the filmmaker’s unique access to the former president and his family, and includes unseen footage of Trump, Donald Trump Jr., Eric Trump, Ivanka Trump and Jared Kushner, each of whom is shown…

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6 dead, 30 hurt in shooting at Chicago-area July 4 parade

A gunman on a rooftop opened fire on an Independence Day parade in suburban Chicago on Monday, killing at least six people, wounding at least 30 and sending hundreds of marchers, parents with strollers and children on bicycles fleeing in terror, police said. Authorities said a man named as a person of interest in the shooting was taken into police custody Monday evening after an hourslong manhunt in and around Highland Park, an affluent community of about 30,000 on Chicago’s north shore. The July 4 shooting was just the latest…

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Abortion fight strains Democratic alliance with Gen Z

A debate is raging inside the Democratic Party about whether it’s giving its base — especially those under 30, the generation that most strongly supports abortion rights — enough motivation to keep voting for the party, as federal Democrats struggle to meaningfully push back against the overturning of Roe v. Wade. The fear is that an already deflated Democratic base won’t show up in November, particularly the youngest voters, who smashed participation records in the last two elections and backed President Joe Biden by a 25-point margin in 2020. Some…

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Meet the GOP deal-makers-in-waiting who Dems may find essential in 2023

Reps. Kelly Armstrong and Hakeem Jeffries started their unlikely sentencing reform partnership from a predictable place: screaming at each other in a Judiciary Committee hearing. “We were going back and forth and pretty animated,” Armstrong said in an interview. “Then during a break, we started talking … and I’m like, ‘If you guys want to work on this stuff in a smart way that isn’t a hearing that we’re all working on cutting our YouTube clips, I’m your guy.’” The North Dakota Republican and House Democratic Caucus chair from New…

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Ghana Changes Mind on IMF Bailout Days After Residents Staged Protests Against Worsening Economic Situation

The Ghanaian government has reportedly changed its mind and will now seek a financial rescue package from the International Monetary Fund (IMF). The decision comes just a few days after residents took to the streets to protest the spiraling inflation and growing economic hardships. Ghana’s Growing Balance of Payments Deficit After initially refusing to seek the International Monetary Fund (IMF)’s support, the Ghanaian government has said it will now hold formal talks with the financial institution, a report has said. According to the report, the government’s decision followed a conversation…

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British Army’s Social Media Accounts Hacked to Promote Bitcoin Giveaways, Crypto Scams

The British Army’s official Youtube and Twitter accounts were compromised Sunday and hackers used them to promote crypto, including bitcoin and ether giveaway scams featuring Tesla CEO Elon Musk. British Army’s Social Media Accounts Used to Promote Bitcoin, Crypto, NFT Scams The British Army confirmed Sunday that its official Youtube and Twitter accounts were breached. The army’s verified Twitter handle with nearly 363K followers retweeted a number of posts promoting non-fungible token (NFT) scams before they were removed by Twitter. During the breach, the account name, profile picture, and banner…

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Peter Schiff’s Euro Pacific Bank Suspended by Puerto Rico’s Regulator — Schiff Insists No Evidence of Crime

Peter Schiff-owned Euro Pacific Bank has been suspended by Puerto Rico’s financial regulator. Schiff claims that there’s “no evidence of crimes,” warning that “accounts are frozen and customers may lose money.” Puerto Rico’s Regulator Suspends Peter Schiff’s Bank Euro Pacific Bank, owned by notorious bitcoin skeptic and gold bug Peter Schiff, has been suspended by the Office of the Commissioner of Financial Institutions of Puerto Rico, also known as Oficina del Comisionado de Instituciones Financieras (OCIF). Insisting that there is no evidence of crime at the bank, Schiff tweeted Sunday:…

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Metaverse Domains Are Trending as Minting Goes Live on Quik․com

Quik.com, a portal to the web3-optimized metaverse, is bringing firsthand knowledge of the .metaverse, .vr, .web3, and many other top-level domains to the web3 race. These domains on Quik.com are minted on blockchain technology and are featured to be stored as an asset in the user’s digital wallet and held, sold, or even exchanged if the owner wishes to. These features separate them from traditional domains as they are not under centralized control. This allows them to reject third-party interference and secure privacy over data ownership. Users must link their…

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Republicans Are Sending Abortion Back to the States. But D.C. Isn’t a State.

All seems calm one spring afternoon on Capitol Hill. Storms whipping up tornadoes are building miles away, but it’s business as usual at the Carol Whitehall Moses Center, Planned Parenthood’s busiest health care facility in the Washington, D.C. region. Patients scheduled for abortions or routine health care are checking in, getting routed to the clinic’s waiting rooms, labs, nurses’ stations or recovery rooms. The facility provides medication abortion to between 12 to 15 patients a day and 20 to 25 by surgery in the first trimester, according to my guide,…

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Brazil Creates Crypto-Dedicated Investigation Unit

The public prosecution of the Federal District, located in the center-west region of Brazil, has launched its own cryptocurrency investigation unit. The newly formed unit will focus its activities on aiding other prosecutors in cryptocurrency investigations, and also educating consumers about the safe use of cryptocurrencies. Cryptocurrency Crimes Unit Launched in Brazil Cryptocurrency crimes have several traits that make them difficult to detect by traditional intelligence units. This is why some countries have already dedicated part of their budget to building resources to face these new tech crimes. Brazil, a…

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Dubai Is Preparing to Take Its Government to the Metaverse

The Government of Dubai is preparing to make part of its offices available in the metaverse, according to reports. The country is currently seeking third parties to help it arrange the transition of some of its departments to the virtual world, per statements made at a metaverse event by Sharad Agarwal, chief metaverse officer of Cybergear. Dubai Reportedly Taking Government Functions to the Metaverse Dubai, an emirate that is part of the United Arab Emirates (UAE), is reportedly taking some of its government departments into the metaverse, to allow users…

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Analyst Says Duke Energy Corporation Is Studying Bitcoin Mining Applied to Demand Response

According to the lead rates and regulatory strategy analyst at Duke Energy Corporation, the second-largest U.S. energy corporation is currently studying bitcoin mining. Lead analyst Justin Orkney said that a bitcoin demand response (DR) study was being worked on and the energy firm is partnered with bitcoin miners that are enrolled in Duke’s DR programs. The Second Largest U.S. Energy Corporation Is Researching Bitcoin Mining The latest “Bitcoin, Energy and the Environment” podcast with Troy Cross, called “Duke Energy is studying bitcoin,” features Justin Orkney, the lead rates and regulatory…

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Biggest Movers: RUNE Rallies to Start the Week, as SAND Extends Recent Gains

RUNE rose by over 10% to start the week, surging as global crypto markets pushed to enter the green on July 4. After a slow start to the day, the crypto market cap is up 3.15% as of writing, with SAND another notable mover, as it extended recent gains, rising by nearly 13% in the process. Thorchain (RUNE) RUNE was a notable mover on Monday, as prices rose by over 10% on the Independence Day of the United States. The token rose to an intraday peak of $2.08 to start…

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Crypto Lender Vauld Suspends Withdrawals, Company Is Discussing ‘Restructuring Options’ With Advisors

On July 4, the crypto lending company Vauld announced it suspended withdrawals, trading, and deposits after disclosing the firm is “facing challenges.” While not naming any specific companies, the Singapore-based cryptocurrency lending platform and exchange mentioned “financial difficulties” stemming from “key business partners.” Vauld Suspends Withdrawals Over ‘Financial Difficulties’ During the last 30 days, a number of cryptocurrency lending platforms have revealed that their finances are not very sound. For instance, the crypto lender Celsius paused “all withdrawals, swaps, and transfers between accounts,” on June 12, 2022. Furthermore, on July…

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Bitcoin, Ethereum Technical Analysis: BTC, ETH Hover at Key Support Levels to Start Week

Bitcoin continues to hover below $20,000 to start the week, as U.S. markets were mainly closed due to the Independence Day celebrations. This past weekend’s volatility carried forward into Monday’s session, with ETH remaining close to a breakout below $1,000. Bitcoin Bitcoin started the week in the red, as the world’s largest crypto token continues to hover below $20,000. Following a volatile weekend of trading activity, BTC/USD dropped to an intraday low of $18,971.81 on Monday. As a result of this move, bitcoin continued to trade close to its support…

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From Chelsea Clinton to David Petraeus, Here’s What Politicos Are Reading This Summer

Here’s a message you won’t often hear from us at POLITICO: We’re giving you our blessing to tune out the news, just for a moment, so you can settle in with a good book. Every year, we ask cultural icons, philosophical thinkers and political changemakers — from novelists and journalists to military generals and politicians — to share the books that are fueling them this summer. This year, we asked them for two recommendations: a book they’re showing off in their Zoom backgrounds and a book they’d like to kick…

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The metamorphosis of J.K. Rowling

WHEN IT COMES TO J.K. ROWLING, even some of the children’s author’s biggest fans are finding it increasingly necessary to separate the work from the creator. Join the Potter Trail walking tour in her adopted hometown of Edinburgh, and you’ll learn that Rowling wrote much of the first Harry Potter novel at Nicolsons Cafe. The establishment was co-owned by her brother-in-law — so as a broke, recently divorced single mother, she could nurse cheap espresso all day without guilt for taking up a table. You’ll also be told how, as…

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No more whispers: Recession talk surges in Washington

President Joe Biden says “there’s nothing inevitable” about a recession in the U.S. He is an increasingly lonely voice about that prospect. From Wall Street to Washington, whispers about a coming economic slump have risen to nearly a roar as the Federal Reserve ramps up its battle against the highest inflation in four decades. Price spikes and the Fed’s aggressive interest rate hikes sent the benchmark S&P 500 stock index tumbling to its worst performance in the first half of the year since 1970. Consumer confidence has sunk to record…

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