U.S. 4-week Treasury Auction Bids to Cover Ratio as of May 22

In this article, we will sort out the history of the development of the Bitcoin forum.

CLEAR now offers in-person TSA PreCheck enrollments and renewals at: ✅Orlando (MCO) ✅Sacramento (SMF) ✅Newark(EWR) May 2, 2024 Letter form Chuck Schumer and Mitch McConnell Expresses concerns from several U.S. Senators about the expansion of facial recognition technology at airports by the Transportation Security Administration (TSA). The Senators urge Congress to prohibit TSA’s development and deployment of facial recognition tools until thorough congressional oversight is conducted. They emphasize the privacy and civil liberties threats posed by this technology and highlight its potential misuse, including its expansion from 25 to over 430 airports with little public or congressional oversight. The Senators argue that the TSA has not provided evidence that facial recognition technology has made air travel safer and cite a 3% error rate in identifications. Which has implications for false identifications and security breaches. They call for a focus on fundamental improvements in TSA’s screening process rather than an expanded use of facial recognition. The letter is signed by the following Senators: - Jeffrey A. Merkley - John Kennedy - Edward J. Markey - Roger W. Marshall, M.D. - Kevin Cramer - Ron Wyden - Steve Daines - Elizabeth Warren - Mike Braun - Bernie Sanders - Cynthia Lummis - Chris Van Hollen - Peter Welch - Raphael Warnock These Senators are advocating for a re-uation of the role and deployment of facial recognition technology in TSA operations. Stressing the need for proper regulation and oversight to safeguard the rights and privacy of American travelers. Data to be Collected⬇️ 📇Only during the field demonstration data collection efforts, TSA collects a live photograph of the passenger, passport number, known traveler number, transactional metadata (e.g., transaction ID, timestamps, quality scores), and the match results. 📇TSA converts the information into an anonymized format, encrypts it, and transfers it for temporary analysis to the Department of Homeland Security (DHS) Science & Technology Directorate (S&T), which assesses the effectiveness of this biometric field demonstration. DHS deletes the data within 180 days. What these Senators might not be aware of is an additional layer of security could be added to this and all of this could be verified with Distributed Ledger Technology (DLT) HGTP has already been proven within the Federal Government it can handle mission critical data at scale via IRON SPIDR $DAG = End-to-end data security 🇺🇸#AmericasBlockchain

SafeMoon falls 31% in five hours after filing for Chapter 7 bankruptcy The Safemoon token nosedived following the firm filing for bankruptcy but has regained slightly since. The token of decentralized finance protocol SafeMoon (SFM) has fallen 31% in five hours after the company filed for bankruptcy. Safemoon officially applied for Chapter 7 bankruptcy, also known as “liquidation bankruptcy," in a Dec. 14 filing to the United States Bankruptcy Court in the District of Utah. The voluntary petition was filed by attorney Mark Rose, with Chief Judge Joel T. Marker assigned to the case. A screenshot of a letter to employees purportedly written by the firm’s chief restructuring officer surfaced on Reddit, explaining that its bankruptcy run was why it was no longer able to pay employee wages prior to the filing. “You will need to file a claim in the bankruptcy court for your unpaid wages,” the document read. The latest blow comes only a month after the United States securities regulator charged SafeMoon, its founder Kyle Nagy, CEO John Karony, and CTO Thomas Smith in November for violating securities laws in what the regulator described as “a massive fraudulent scheme.” The cryptocurrency fell from $0.000065 on Dec. 14 at 8:24pm UTC to $0.000045 over a five-hour period after the news, according to CoinGecko. It did, however rebounded back to $0.000061 in a rapid-fire 10 minute span. SMF fell 31% immediately following the bankruptcy filing before regaining slightly. SFM is currently changing hands for $0.00005729. The token is down 98.2% from its highest price of $0.0033 on Jan. 5, 2022, and its once $1 billion market cap has now tumbled to $34.5 million. Several former SafeMoon supporters expressed frustration on Reddit in reflection of the bankruptcy, alleging they were rug-pulled by the SafeMoon developers. “The fact of the matter is, everyone has been scammed by the SafeMoon developers, including the mods that supported and trusted SafeMoon,” said Reddit user Jtenka. Another Reddit user, “anonyamon42069,” said: “Never wanna even talk about how bad we all got scammed and especially the money I lost. To the idiots that still think SafeMoon has a chance and will ‘go to the moon’: seek help.” Santiago Melgarejo, a former nonfungible token analyst and sales specialist for SafeMoon, said in reflection that the “warning signs were there” all along, notably when many of the employees were abruptly fired despite many of them working a month without pay. SafeMoon was also exploited in March, resulting in a net loss of $8.9 million. *Source: Cointelegraph

The Crypto Assets market exhibits cyclical rise, and the bull run is divided into four stages: fiat inflow into Bitcoin, the rise of large alts, attention to medium market capitalization projects, and the prevalence of meme coins. The rise of meme coins often signals the impending end of the bull run. The current market still has room for pump, but it may shift towards Real World Assets (RWA), becoming a new hotspot. Investors need to follow the flow of funds and market trends to formulate appropriate profit strategies.

This week, the crypto assets market overall experienced a fluctuating decline, with Bitcoin and Ethereum showing weak performance due to events, and sentiment in the Altcoin market is low. As market hotspots are lacking, investors' focus on macroeconomic data has intensified. Future trends will depend on various economic indicators.