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Virtus.pro Withdraws from IEM Rio 2023 and is Replaced by Imperial Esports

Virtus.pro, one of the most prominent esports organizations in the world, has announced its withdrawal from the upcoming Intel Extreme Masters (IEM) Rio 2023 tournament. The decision comes as a surprise to many fans and industry experts, as Virtus.pro has been a consistent presence in major esports events for years.The reason for Virtus.pro's withdrawal from IEM Rio 2023 has not been officially disclosed. However, rumors suggest that the organization is facing internal issues, including conflicts between team members and management. Some sources also speculate that Virtus.pro is struggling financially, which

Construction of Dream Las Vegas on Hold as Developer Runs Out of Funds

The construction of Dream Las Vegas, a highly anticipated hotel and casino project, has been put on hold due to the developer running out of funds. The project was expected to be a major addition to the Las Vegas Strip, but now its future is uncertain.The Dream Las Vegas project was announced in 2018 by developer Witkoff Group and New Valley LLC, a subsidiary of Vector Group Ltd. The project was set to feature a 450-foot-tall tower with 1,500 hotel rooms and 500,000 square feet of convention space. The project

Meta Quest Now Supports Unreal Engine 5, With Two Expected Features Absent

Meta Quest, the popular game engine, recently announced its support for Unreal Engine 5 (UE5). This announcement has been met with much anticipation from the gaming community, as UE5 is the latest iteration of the popular game engine. However, there are two features that have been absent from the announcement: ray tracing and variable rate shading. Ray tracing is a rendering technique that simulates how light works in the real world. It allows for more realistic lighting and shadows, as well as more accurate reflections. Variable rate shading is a

Understanding the Secondary Market: A Comprehensive Overview

The secondary market is a term that refers to the financial market where previously issued securities, such as stocks, bonds, and other financial instruments, are traded among investors. This market is also known as the aftermarket, and it is an essential part of the financial system that helps to provide liquidity to investors.In this article, we will provide a comprehensive overview of the secondary market, including its functions, types of securities traded, and the role it plays in the economy.Functions of the Secondary MarketThe primary function of the secondary market

US Dollar to Japanese Yen Exchange Rate Fluctuating Ahead of Federal Reserve Chair Jerome Powell’s Speech

The US dollar to Japanese yen exchange rate has been fluctuating ahead of Federal Reserve Chair Jerome Powell's speech. This is due to investors and traders speculating on the potential impact of Powell's speech on the US economy. The US dollar has been strengthening against the Japanese yen in recent weeks, as investors anticipate that Powell may provide further insight into the Federal Reserve's monetary policy.The US dollar to Japanese yen exchange rate is an important indicator of the relative strength of the two currencies. The exchange rate is determined

Shiba Inu Token Price Increases 8000% Ahead of Shibarium Launch

The Shiba Inu (SHIB) token has seen an incredible surge in price over the past few days, with its value increasing by over 8000% in just a few days. This surge comes ahead of the launch of the Shibarium, a decentralized finance (DeFi) platform built on the Ethereum blockchain. The Shibarium will provide users with a range of DeFi products, including yield farming, liquidity pools, and more. The Shiba Inu token is a meme-based cryptocurrency created by the anonymous developer known as "Ryoshi". The token was launched in August 2020

Tesla Cuts Thousands of Jobs Globally: Is Elon Musk’s Move a Sign of What’s to Come?

In recent news, Tesla, the electric car company founded by billionaire entrepreneur Elon Musk, has announced that it will be cutting thousands of jobs worldwide. This news has caused many to speculate whether this move is a sign of what's to come for the company. Tesla has been a leader in the electric car industry since its inception, but the company has faced some major challenges in recent years. The company has struggled to meet production goals, and has been criticized for its lack of profitability. In addition, Tesla has

Crypto Derivative Exchanges Experience Over $200 Million in Long Liquidations Following Bitcoin Price Drop

The cryptocurrency market has been volatile in recent weeks, with Bitcoin (BTC) prices dropping significantly. This has had a ripple effect on crypto derivative exchanges, which have seen over $200 million in long liquidations.A long liquidation occurs when a trader has a position in a derivative contract that is worth more than the amount of money they have deposited to cover the position. In this case, the long liquidations occurred when BTC prices dropped and traders were unable to cover their positions.Crypto derivative exchanges are platforms that allow traders to

Over $200 Million in Crypto Derivative Exchange Long Liquidations Triggered by Bitcoin Price Drop

The cryptocurrency market is a volatile one, and recent events have shown just how quickly prices can move. On May 19th, 2020, the price of Bitcoin dropped by over $1000 in a matter of minutes, triggering a massive wave of long liquidations on crypto derivative exchanges. Over $200 million worth of long positions were liquidated in the span of a few hours, leading to a significant loss for traders. The sudden drop in price was caused by a massive sell-off of Bitcoin on the BitMEX exchange. BitMEX is a crypto

Shenzhou-15 Astronauts from China Complete Second Secretive Spacewalk

On August 22nd, 2020, two Chinese astronauts completed a second secretive spacewalk outside the Shenzhou-15 spacecraft. The two astronauts, Nie Haisheng and Fei Junlong, were part of the Chinese space mission that launched on October 17th, 2020. This mission marked the first time China has sent two astronauts into space on a single mission. The spacewalk lasted for 6 hours and 28 minutes, during which the astronauts conducted several scientific experiments and maintenance tasks. The astronauts tested new space suits and conducted experiments on the effects of space radiation on

UBS Strategists Analyze Potential Impact of Upcoming Mt Gox Payouts on Bitcoin Value

As the cryptocurrency market continues to grow, investors are increasingly looking for reliable sources of information to inform their decisions. One of the most important sources of information is the analysis of potential impacts of upcoming events on the value of Bitcoin. Recently, UBS strategists have released a report analyzing the potential impact of upcoming Mt Gox payouts on the value of Bitcoin. Mt Gox was once the largest Bitcoin exchange in the world, but it collapsed in 2014 after a massive hack. Since then, the company has been undergoing