Author: Steven Sahiounie

One unmanned aerial vehicle lost control and fell in a tree line about 5 km away from the city, Mikhail Razvozhaev said Air defense and electronic warfare systems repelled a drone attack against Sevastopol at night, Governor of Sevastopol Mikhail Razvozhaev said on his Telegram channel. “One unmanned aerial vehicle lost control and fell in a tree line about 5 km [away from the city]; fragments were found by the staff of the Interior Ministry and the Emergencies Ministry. The second drown was downed over sea in Cape Chersonesos area, and third one over sea from the northern breakwater side,” the…

The Palestinian Ministry of Education warns that the violations are impacting children and teachers as it urged relevant institutions and UN agencies to take up responsibility in pressuring the IOF to stop demolishing schools. A donor-funded Palestinian primary school has been demolished by the IOF in the occupied West Bank, shattering the Palestinian children’s right to education. According to witnesses and local officials, the town of Beit Ta’mir was raided by the IOF on Sunday and the Challenge 5 School was taken down, adding that dozens in the IOF cleared the area by storming and condoning it off as a bulldozer flattened…

Iraqi Foreign Ministry Spokesperson Ahmad Al-Sahhaf announces Syria has been offically granted a return to the Arab League. Despite opposition from Western countries, Arab foreign ministers announced on Sunday Syria’s return to the Arab League during an emergency meeting that took place in the Egyptian capital ahead of the Arab League Summit in Saudi Arabia on May 19. Iraqi Foreign Ministry Spokesperson Ahmad Al-Sahhaf announced that Syria has been brought back to the Arab League. The Iraqi official added that Iraq’s dialogue diplomacy and efforts greatly aided Syria’s return to the Arab League. For his part, Egyptian Foreign Minister Sameh Shoukry stated…

According to senior macro expert Mike McGlone from Bloomberg Intelligence, the emergence of a recession could be the biggest challenge that Bitcoin has faced since its arrival in the late 2010s. With predictions of July to be a starting point of decline in economic activity, the crypto community is concerned about how it will impact the digital currency market. The question of how the markets will respond as the United States heads toward a recession is on everyone’s mind. Bloomberg Economics’ model forecasts that a recession may commence in July, which creates uncertainty about the future of BTC and other…

Although China outlawed crypto trading in 2021, major exchanges continue to court Chinese customers. For example, a document submitted as part of FTX’s bankruptcy filings in November reveals that Chinese users accounted for 8% of the exchange’s customers. Moreover, Chinese crypto firms have found a way to reinvent themselves as internationally-minded businesses. Hong Kong Open to Virtual Assets While mainland China may have taken a hard line on crypto, Chinese firms like Huobi have found a safe haven in Hong Kong. There, the government’s more crypto-friendly policies and progressive regulation have helped the city emerge as one of Asia’s dominant…

Some crypto community members are accusing Ripple, the company behind XRP, of falsely proclaiming that its native token XRP is decentralized and permissionless. Justin Bons, founder of Cyber Capital, claims to have found a “smoking gun” that proves Ripple has de facto control over the entire network. Bons pointed out that XRP’s consensus algorithm, Unique Node Lists (UNLs), is based on a list of trusted nodes that centralized parties, including the Ripple Foundation release. Nodes not on these lists are untrusted and do not participate in consensus. However, the researcher noted that while UNLs can be modified by users, a…

The ongoing debate about the centralization of XRP and XRPL has reignited, with CyberCapital founder and CIO Justin Bons claiming that Ripple executives are falsely promoting XRP as a decentralized and permissionless network. Bons asserts that XRP’s consensus relies on Unique Node Lists (UNLs), which are lists of trusted nodes published by centralized parties, including XRPL Foundation. If a node is not on this list, it is deemed untrusted and cannot participate in the consensus. Moreover, users must receive permission from trusted third parties chosen by XRPL Foundation, meaning that XRP is not trustless and contradicts basic principles of a…

This is an opinion editorial by Mickey Koss, a West Point graduate with a degree in economics. He spent four years in the infantry before transitioning to the Finance Corps. Whether it’s the Patriot Act, COVID-19 measures or the proposed RESTRICT Act, it seems that the only thing U.S. politicians can agree on is that taking away freedoms is essential. It’s for your own safety, you see. And we can’t forget about security, too. Who wouldn’t want to be safe and secure? The unilateral agreement around these measures has made the phrase “bipartisan” a warning sign in my eyes and I…

On May 6, Ethereum Foundation transferred nearly $30 million in Ether (ETH) to the Kraken cryptocurrency exchange, causing jitters in the market about a potential selloff event. ETH price fell 4.8% to $1,900 on the day, but the decline has been negligible so far amid a wider recovery trend. ETH price holding key support Ether’s price recovered modestly to $1,920 on May 7 after testing its 50-day exponential moving average (50-day EMA; the red wave) near $1,850 as support a day ago. Moreover, the price volatility dropped on Kraken in the said period, per the contracting Bollinger Bands Width in…

Charles Edwards, Capriole Fund founder and Bitcoin analyst, foresees a major catalyst that might boost Bitcoin’s price in 2023. The year 2022 was a rough one for cryptocurrencies, marked by falling prices after the Fed introduced restrictive monetary policies by hiking interest rates. Most recently, the Federal Reserve moved to increase its benchmark interest rate by 25 basis points on Wednesday, which caused a drop in cryptocurrency prices. The Fed has now implemented a steady barrage of 10 straight interest rate increases since March 2022 to temper an overheating economy and control skyrocketing prices. The only way the Fed can…