Author: Press Room

Ukraine’s planned counteroffensive against Russia has overshadowed talk of a potential negotiated settlement in the conflict, but some U.S. and European officials say the next phase of the war could create momentum for diplomacy.It is unclear how the officials will define success in the counteroffensive, which could last many months, or how its outcome might affect their approach. Opinions range widely among military strategists about whether Ukraine is likely to regain territory after more than a year of war.For now, President Vladimir V. Putin of Russia has shown no signs of wanting to make concessions or engage in meaningful dialogue.And U.S.…

The Congressional Budget Office said on Friday that there was a “significant risk” that the federal government could run out of cash sometime in the first two weeks of June, setting the United States up for a default.The warning came as the White House and congressional leaders spent the week in negotiations over how to raise the $31.4 trillion borrowing cap. The Treasury Department has been using accounting maneuvers known as extraordinary measures to keep paying the country’s bills without breaching that debt ceiling, which was officially reached on Jan. 19. But the department has said those tools could be exhausted…

Source: AdobeStock / Iurii GagarinGet your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________Banking newsThe parent company of the collapsed Silvergate Bank will be delisted from the New York Stock Exchange (NYSE), and 230 of its staff will be let go, Silvergate Capital said in a May 11 filing to the US Securities and Exchange Commission (SEC). The staff will be “separated” starting May 12, after which “approximately 80 officers and employees” will be left behind to continue Silvergate Bank’s liquidation process. The NYSE also suspended trading in…

Source / AiDogeUpstart artificial intelligence meme coin project AiDoge’s viral presale continues to surge.AiDoge is building a revolutionary new social platform that allows users to generate memes using AiDoge’s cutting-edge generative artificial intelligence (AI) technology and earn crypto if their memes are popular.And the project’s presale of its native $AI token continues to pump, reaching $6.2 million on Thursday.The viral new crypto project, which observers say sits at the intersection between the meme and artificial intelligence worlds, has been raking in close to $1 million per day this week.That means the presale has now entered its 10th stage, and the…

Source: PixabaySome cryptocurrency leaders are turning to the United Arab Emirates as others are showing irritation with US regulators.Saqr Ereiqat, co-founder of venture-building firm Crypto Oasis, told CoinTelegraph that the UAE checks all the boxes in terms of countries’ “regulatory infrastructure, digital infrastructure and its ability to attract a global pool of talent.” The UAE checks all those boxes, Ereiqat said. Ereiqat spoke at the Dubai Fintech Summit this past week. Ereiqat also told CoinTelegraph that the UAE has taken a more proactive approach to crypto regulation when compared to the US. Frustration in the US Binance’s Chief Strategy Officer Patrick Hillman criticized crypto regulations…

A former executive at ByteDance, the Chinese company that owns TikTok, has accused the technology giant of a “culture of lawlessness,” including stealing content from rival platforms Snapchat and Instagram in its early years, and called the company a “useful propaganda tool for the Chinese Communist Party.”The claims were part of a wrongful dismissal suit filed on Friday by Yintao Yu, who was the head of engineering for ByteDance’s U.S. operations from August 2017 to November 2018. The complaint, filed in San Francisco Superior Court, says Mr. Yu was fired because he raised concerns about a “worldwide scheme” to steal…

Amusement parks and road trips — this is this stuff many family vacations are made of.  But a new survey shows parents increasingly want in on a trend that isn’t often aimed at families: wellness travel.A report published Thursday by the market intelligence company Morning Consult showed that parents, compared with others, showed less interest in traveling to relax or for cultural experiences, and more interest in traveling for mental and physical health.  The data showed an emerging picture of family travel — one in which parents may be starting to prioritize their own needs alongside those of their children.…

In little over an hour, Donald J. Trump suggested the United States should default on its debts for the first time in history, injected doubt over the country’s commitment to defending Ukraine from Russia’s invasion, dangled pardons for most of the Capitol rioters convicted of crimes, and refused to say he would abide by the results of the next presidential election.The second-term vision Mr. Trump sketched out at a CNN town-hall event on Wednesday would represent a sharp departure from core American values that have been at the bedrock of the nation for decades: its creditworthiness, its credibility with international…

Descrease article font size Increase article font size A New Brunswick woman had to call in “rich” on her final day of work last week. Jamie Sullivan of Saint John, N.B., won a million dollars after scratching a $10 Scratch’N Win ticket on May 4, just one week after she decided to leave one of her two full-time jobs in order to spend more time with her family.“Last Friday was my last day at my other job and so I actually had to call in rich,” Sullivan said.“It’s very surreal, very ‘pinch me, I’m not sure if I’m dreaming,’ she…

Former NBCUniversal advertising chief Linda Yaccarino will become Twitter’s new CEO, current chief executive Elon Musk says in a tweet.”I am excited to welcome Linda Yaccarino as the new CEO of Twitter!” Musk said.He added “@LindaYacc will focus primarily on business operations, while I focus on product design & new technology”.Yaccarino modernised the Comcast Corp entertainment and media division’s advertising business and had been in talks for the job before NBC announced her departure on Friday morning.Since Musk acquired Twitter in October, advertisers have fled the platform, worried that their ads could appear next to inappropriate content after the company…