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D4vd Had Sexual Relationship With Teenager, Detective Testifies in Murder Case The New York TimesSinger d4vd's preliminary hearing sheds new light on the investigation into teen girl's killing. Here are the takeaways CNND4vd's phone shows teen was pregnant and had abortion before killing, detective testifies Los Angeles TimesText messages show teen whom singer D4vd is accused of killing had an abortion NBC News
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Investors increase bets on Federal Reserve rate rise after oil price surge Financial TimesFed chair 'an enigma:' Why July interest rate move is hard to predict USA TodayOdds of Federal Reserve rate hike surge as oil prices rip higher CNBCWill the Federal Reserve raise interest rates? Here is what experts predict for July's meeting. CBS News
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LeBron James' final act is about more than basketball. It's about time | Claire de Lune The GuardianLeBron chooses 76ers: Why not Cavs or Heat? Here's what Windy knows ESPNWhat the NBA Still Doesn't Understand About LeBron The Ringer'We got the king!' Sports world reacts to LeBron James' move to Philadelphia 6abc Philadelphia
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Disruption. It's coming for the U.S. dollar in the form of digital currency. Last week the Biden administration detailed a broad plan for adopting a central bank digital currency (CBDC) in the coming years. The Departments of Energy, Commerce, the Treasury, and other agencies weighed in on how to manage and regulate a CBDC.
The government is reacting in part to the explosive growth of digital currencies. About three out of ten U.S. adults currently invest in some form of cryptocurrency, or "crypto," like Bitcoin or Ethereum. These digital "coins" rely on a decentralized network of computers to verify financial transactions, cutting out third parties like banks or credit cards.
The good, the bad, and the ugly of crypto
Advocates of crypto point to its affordability, efficiency, and its ability to reach consumers with little or no access to traditional banking services. With just a mobile phone or a crypto ATM, consumers can easily send and receive digital currency, even across international borders.
On the other hand, crypto is still largely unregulated and volatile. Investors in Bitcoin, for example, saw returns of over 70% in 2021, but the currency is down almost 60% year to date. And if you send your payment to the wrong account (called a "digital wallet") there may be no way to retrieve it. Crypto has also been used for money laundering, fraud, and to fund terrorism. Several
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