Author: Press Room

President Biden is seeking to fill vacancies on the U.S. Federal Reserve, hoping to stack the Central Bank with its top governors as it continues working to stem inflation.Mr. Biden is nominating Philip Jefferson, currently a member of the Board of Governors, to also serve as vice chair for the remaining four years of his term. The 61-year-old was first nominated to the Board last year. If confirmed, he’d succeed Lael Brainard, who stepped down earlier this year as vice chair and a member of the Board to serve as head of the president’s National Economic Council.The president is also…

When the Phoenix Suns acquired 13-time All-Star Kevin Durant at the NBA’s trade deadline, the thought of being blown out in an elimination game for the second consecutive year was not on anyone’s mind. In the 2022 NBA Playoffs, the Dallas Mavericks smoked the Suns in Game 7 of the Western Conference Semifinals, losing by 33 points to end their season.  Kevin Durant, #35 of the Phoenix Suns, moves the ball during the game against the Denver Nuggets on April 6, 2023 at the Ball Arena in Denver. (Garrett Ellwood/NBAE via Getty Images)On Thursday, Phoenix lost by 25 points to the…

BANGKOK: Thailand incumbent Prime Minister and former army chief Prayut Chan-o-cha has emphasised the importance of the military and its contribution to national security in his electoral campaigns ahead of a general election on Sunday (May 14). The 69-year-old retired general is running for the premiership under the banner of the United Thai Nation Party, hoping to stay on in power after more than eight years in the job. Speaking at a rally in southern Thailand on Thursday, Gen Prayut showed his support for military conscription, as opposed to his rivals’ position to replace the compulsory enlistment with voluntary recruitment.…

Key PointsThere are over 200 million FGM victims worldwide, mostly from the Middle East, Asia and Africa FGM has serious negative health impacts on women and girls FGM is used as a tool to control women’s sexualities Global organisations and governments are working to put an end to the inhumane practiceA video of Somali woman Shamsa Araweelo sharing her horrific Female Genital Mutilation (FGM) story went viral on social media earlier this week. She started, “I was born in 1993 in Somalia. At the age of 6 years old, along with my 5 year-old cousin and my 7 year-old sister,…

Kemal Kilicdaroglu, who is President Recep Tayyip Erdogan’s main rival, says Moscow is behind ‘deepfake content’.Turkey’s main opposition candidate has accused Russia of interfering in the country’s elections days before the crucial vote. Kemal Kilicdaroglu, who is challenging Turkey’s longtime leader Recep Tayyip Erdogan in Sunday’s presidential ballot, said “foreign hackers” recruited by his rival are preparing deepfakes – manipulated videos and soundbites – aimed at discrediting the opposition days before the election. “Dear Russian friends … you are behind the montages, conspiracies, deepfake content and tapes that were exposed in this country,” he said on Thursday without explaining why…

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…