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Former US Treasury Secretary Lawrence Summers has dismissed the idea of a national Bitcoin reserve, calling it “crazy”. He also warned about the challenges in reducing federal spending. Summers agrees that regulation might have been over-zealous and panned Donald Trump’s ally Elon Musk’s plan to scale down government spending using cryptocurrency. Source: https://www.bloomberg.com/news/articles/2024-12-05/summers-blasts-us-national-bitcoin-reserve-idea-as-crazy

The Times of Israel, one of the leading English-language news websites in Israel, has experienced technical difficulties. According to reports, users are unable to access the website due to technical issues. This issue is currently being investigated and resolved by the website’s administrators. Source: https://www.timesofisrael.com/syrias-rebel-leader-golani-from-radical-jihadist-to-ostensible-pragmatist

Epic Games is launching a new tactical first-person shooter (FPS) game mode called “Ballistic” in Fortnite, which aims to provide a competitive and strategic experience. The 5v5 team-based game mode involves planting a device and defending against it, with teams switching sides after six rounds. Players can buy gear for the next round between matches. … Read more

The major indexes (^DJI, ^IXIC, ^GSPC) closed mixed at the end of December’s first trading week. The S&P 500 and Nasdaq Composite gained over 3.3% over the past five sessions, achieving strong weekly gains. Economists also provided insights on services inflation, while megacap sectors led the market movement this week. Additionally, bitcoin (BTC-USD) reached a … Read more

Authorities in the Dominican Republic have confiscated nearly 9.5 tonnes of cocaine, worth $250m, making it the country’s largest ever drug seizure. The shipment was found in a banana container that arrived from Guatemala and was destined for Belgium. Ten suspects have been detained in connection with the seizure. This is the third major haul … Read more

Google DeepMind has developed an AI model called GenCast that can accurately predict the weather, competing with traditional forecasting methods. The model outperformed a leading forecast system in 2019 and showed promising results when tested on data from 2019. GenCast uses machine learning to recognize patterns in historical weather data and produces ensemble forecasts. GenCast … Read more

A growing number of food recalls has sparked concern about the safety of our food supply. However, experts say that this increase is largely due to improvements in testing and monitoring, rather than a decrease in overall safety. Food recalls occur when food is removed from the market because there is reason to believe it … Read more

Hewlett Packard Enterprise Co. (HPE) surged to a record high after reporting better-than-expected quarterly revenue and a significant jump in sales of servers for artificial intelligence workloads. The company’s server unit sales rose 32% to $4.71 billion, driven by strong demand for high-powered computing to run AI workloads. HPE’s revenue from AI systems increased 16% … Read more

The Consumer Financial Protection Bureau (CFPB) has sued Comerica Bank, alleging the bank charged illegal fees, mishandled fraud complaints, and deliberately disconnected service calls. The lawsuit, filed in the US District Court for the Northern District of Texas, seeks a judge’s order to halt these alleged practices and provide refunds to affected customers. Comerica Bank, … Read more

Epic Games has finally announced the release of Fortnite Ballistic, the highly anticipated first-person mode that promises a new type of gaming experience. Set to launch on December 11, Fortnite Ballistic is a 5v5 round-based shooter where two teams compete to defuse or detonate a Rift Point Device bomb. In this game mode, there are … Read more