Author: Press Room

This week in crypto, the US CPI inflation numbers were released and we looked at what it means for Bitcoin, Tether announced a profit of $1.48 billion for the first quarter of this year, Mike Novogratz’s Galaxy Digital reported a profit of $134 million in Q1, PayPal disclosed it held nearly $1 billion in crypto, mainly BTC and ETH, Goldman Sachs said family offices were ramping up their crypto investments despite the market downturn, and MasterCard, PayPal, and Robinhood were set to facilitate crypto adoption through smoother on-ramps. The Central Bank of Ireland Governor likened unbacked cryptocurrencies to a “Ponzi…

Despite the continuing rise in opioid overdose deaths, one of the most effective treatments for opioid addiction is still drastically underprescribed in the United States, especially for Black patients, according to a large new study.From 2016 through 2019, scarcely more than 20 percent of patients diagnosed with opioid use disorder filled prescriptions for buprenorphine, the medication considered the gold standard in opioid addiction treatment, despite repeated visits to health care providers, according to the study, which was published Wednesday in the New England Journal of Medicine. Within six months following a high-risk event like an overdose, white patients filled buprenorphine…

Andrew Bailey, governor of the Bank of England (BOE), during the Monetary Policy Report news conference at the bank’s headquarters in the City of London, UK, on Thursday, May 11, 2023.Bloomberg | Getty ImagesLONDON — Bank of England Governor Andrew Bailey on Thursday defended an about-turn in the bank’s U.K. growth forecast, saying its “biggest upgrade” ever reflected the rapidly shifting economic landscape.At its policy meeting earlier Thursday, the central bank said it no longer expects the U.K. to enter into recession this year.related investing newsMonths earlier, it had predicted the county would face its longest-ever recession, which it then said…

The LGBTQ community’s effort to redefine the term lesbian to mean “non-men” who love “non-men” is a “travesty,” a lifelong lesbian and TikToker said. “I feel like we’re experiencing an entire new form of domestic abuse, not just against lesbians, but against women in general,” Carol Hatch, 52, told Fox News. “We’ve been told that trans women, which are biological men, are better than women, that we are now cisgender.” “And now we have young ladies who dislike themselves so much that they can’t even say the word ‘woman,’” she added. “They have to call themselves ‘non-men.’”The LGBTQ advocacy group, It Gets…

Jamie Foxx’s daughter says her dad has been out of the hospital for weeks after suffering a health complication last month. Corrine Foxx shared the update on Instagram after reports that Foxx’s condition had worsened surfaced online. On her Instagram story, Corrine shared another account’s Instagram post that had incorrectly reported Foxx’s loved ones were “preparing for the worst.” In an effort to debunk the report, she wrote: “My Dad has been out of the hospital for weeks, recuperating. In fact, he was playing pickleball yesterday! Thanks for everyone’s prayers and support!” The account deleted their incorrect report and Corrine’s story has…

Jimmy Butler scored 24 points, Bam Adebayo added 23 and the Miami Heat are headed back to the Eastern Conference finals after topping the New York Knicks 96-92 on Friday night.Max Strus scored 14 oiubts and Kyle Lowry had 11 points and nine assists for the eighth-seeded Heat, who won the semifinal series 4-2 to go to the conference finals for the 10th time overall and the third time in the last four years.Miami became the second No. 8 seed in NBA history to make the conference finals — joining the Knicks, who pulled it off in 1999. The Heat…

Washington — The FBI disrupted a 20-year-old sophisticated malware network used by the Russian government to collect sensitive information from hundreds of infected computers across 50 countries, the Justice Department announced Tuesday. Dubbed “Operation Medusa,” the FBI says its court-authorized neutralization of the Kremlin-backed hackers in the U.S. succeeded, thanks to a digital tool called “Perseus” that turned the malware’s functionality against itself and forced the program to self-destruct on infected computers. Officials say the malicious software known as “Snake” served as a covert avenue by which Russia’s intelligence forces stole and transmitted information from a targeted victim base that included NATO…

Emirates Group reported record profit and revenue figures for the year ending April 2023Nurphoto | Nurphoto | Getty ImagesEmirates Group reported record profit and revenue figures Thursday for the year ending April 2023, with customer numbers booming as the majority of pandemic-induced travel restrictions were lifted.The Dubai-based group reported an annual profit of 10.9 billion United Arab Emirates dirhams ($3 billion), while Emirates’ revenue increased by 81% to 119.8 billion dirhams, according to a press release by the company. Passenger numbers were up to 43.6 million for the year, which is a 123% increase compared to the previous year.Emirates posted…

North Carolina police officers made an arrest with the help of a herd of cows who were happy to narc on the suspect hiding in their pasture.The Town of Boone Police Department said the suspect, later identified as Joshua Minton, 34, fled from officers during a traffic stop on Tuesday and led the officers and Watauga County Sheriff’s Office deputies on a pursuit. He abandoned his vehicle in the Deep Gap area and ran into an undeveloped area.Because of the suspect’s “fast and reckless driving,” officers were not immediately close enough to see where he ran to, according to police.Officers…

Talks between WestJet pilots and their employer dragged on Friday as the union warned a walkout could come as early as next week, leaving passengers’ travel plans up in the air. The Air Line Pilots Association (ALPA), which represents some 1,600 flight crew at WestJet and subsidiary Swoop, said it is poised to file a 72-hour strike notice — but not at the earliest opportunity at 12:01 a.m. on Saturday.“I’m fairly certain that I won’t be putting the strike notice in tonight,” said Bernard Lewall, who heads the union’s WestJet contingent, in a phone interview from outside the negotiating room…