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  US public debt will rise Again, we come back to the issue of American public debt, which is rapidly approaching $36 trillion. This fantastic figure is becoming one of the main elements of the world economy. It visibly shows that change is coming, and that change is not good.  Theoretically, the problem can be solved if at least gradually begin to reduce public debt, however, it is difficult to expect an increase in budget revenues, and reducing spending meets resistance from its influential recipients. Moreover, it has been estimated that both US presidential candidates are proposing measures that will inevitably lead to debt raise. The Trump program will provide an additional $4 trillion in public debt, and Harris will bring in two trillion. The cut is not even discussed. All this reduces to zero the chances of a soft exit.  Now you see a rare situation where the failure to fulfill campaign promises will be a blessing. But promises are likely to be exceeded, which is also rare. #Har
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  What Will Happen to the Market After the US Government Sells BTC The US government is preparing to sell 69,370 Bitcoins related to the Silk Road case. In the short term, such a sale could seriously shake up the market. Imagine if such a volume of Bitcoins hit the market at once - it would definitely cause panic and increase volatility. We have seen similar examples in the past, when news of large sell-offs led to a drop in prices and a massive revision of investor positions. Long-term, things are not so clear-cut. If the sale is staged, the market can easily digest this amount of Bitcoin. Institutional investors are now playing an increasingly prominent role in the market, and they have enough resources to stabilize the price even with such a large sell-off. This sell-off shows how the crypto market is gradually moving towards more transparent regulation. And while this is scary for many, I believe it will help strengthen the confidence of large players in digital assets. Ultimately,
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  Once a Visionary, Now a Cautionary Voice: An AI Developer's Concerns Over AI’s Uncontrolled Growth People are excited over AI's potential. Companies compete with each other while they explore it. Yoshua Bengio, a Canadian AI researcher, has been raising serious concerns about the potential dangers of uncontrolled AI growth. Why is his opinion so important? Many experts have expressed similar concerns. Still, Bengio's words carry extra weight because he's one of the key architects behind neural networks and modern AI development. Once a strong supporter of the technology, he now advocates for a moratorium on AI development. So, what has happened? The researcher frequently describes the scenarios akin to the ones in dystopian films like Terminator. He cites dangers from machines, for considering their own survival is a priority and see humans as a threat. Bengio is often called “the godfather of AI”. In 2018, he received the Turing Award, the most prestigious award in c
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Cryptocurrencies Аre Taking Over Finance: What Awaits Us in 2025 A new report from MatrixPort predicts that by 2025, cryptocurrencies could go beyond a niche market and become part of the global financial system. Today, 7.51% of the world's population uses digital assets, and the interest of institutional investors and major players like BlackRock is only growing. If the level of cryptocurrency adoption exceeds 8% by 2025, this will be an important step in integrating digital assets into the economy. However, regulators and market volatility can slow down this process. Bitcoin continues to be the main driver of cryptocurrency adoption, opening up new horizons for financial institutions. #Cryptocurrencies #Bitcoin #Finance #Investments  
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  There Will Be Work in the Metaverse There is every reason to believe that the upcoming round of development of the metaverse industry will throw a huge number of vacancies onto the labor market. Any freelancers - be it tutors, DJs, music composers, artists, designers, retailers, programmers and just fans of neural networks - will start earning in the world of metaverses. Not to mention the millions of gamers who will be able to monetize their gaming achievements in real money thanks to this. Progress cannot be stopped. In a year, two or three, we will face the inevitable - the mass adoption of metaverses. Many say that the global financial crisis will prevent this, but such reasoning does not reflect reality. If the crisis breaks out, it will ultimately only contribute to the departure of the mass consumer to the sphere of even greater consumption of Internet services. The same thing happened in 2020: during the corona-dump, the shares of the largest suppliers of the online gaming in
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  Tether Is Releasing a Documentary. Why? No sooner had the HBO film dedicated to the secret identity of Satoshi Nakamoto hit the screens than Tether announced their documentary project in honor of the 10th anniversary of USDT. In the trailer, the creators pedal the theme of "USDT against inflation". They show people from Turkey, Brazil, Argentina - countries where national currencies have lost trust. But here's the problem: everyone has known all the most interesting things about Tether for a long time. Including their close cooperation with the US government through the purchase of government bonds. Moreover, Tether buys them more actively than Germany and any other financial institution in the world. And here cognitive dissonance arises - how to reconcile the idea of ​​decentralization with such a level of government control? Although, I think the film will carefully avoid this topic. However, it is interesting to watch how cryptocurrencies become heroes of films. Afte
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  A Game Changer for the Middle East. Bybit Launches Crypto Accounts for Muslim Users, Tapping into a $2.3 Trillion Market Islamic banking is a well-established practice in some countries. It refers, particularly, to the countries in the Middle East, such as the UAE, Turkey, Iran, Egypt, and Saudi Arabia. This system operates according to Islamic principles, and offers financial services that comply with Sharia law. Therefore, the Bybit cryptocurrency exchange has taken a bold step to align the crypto sector with these values. The platform launched cryptocurrency accounts that meet Sharia-compliant standards for Muslim users. According to Bybit, this is the first offer of its kind in the crypto market. So, Bybit has become a pioneer in attracting a previously untapped segment. Users can access two trading bots and spot trading for 75 tokens. A transparent, ethical framework is offered to them that adheres to Islamic values. Key features of these accounts include fee transparency and th