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El Salvadors default risk has increased significantly due to the El Salvadors default risk has increased significantly due to the

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El Salvador’s default risk has increased significantly due to the fall in the price of Bitcoin

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The sharp decline in the value of most cryptocurrencies in the market has increased the likelihood of a default by El Salvador, writes The Wall Street Journal. The national debt of the country exceeds $24 billion, while the assets of El Salvador, denominated in Bitcoin and amounting to $100 million, fell by a third ($38 million today) before the price decline on the cryptocurrency market. In addition, El Salvador will have to pay $800 million in bonds in January 2023. In early May, Moody’s downgraded El Salvador’s debt rating to Caa3, which means “high risk of default.”

El Salvador's default risk has increased significantly due to the fall in the price of Bitcoin

Salvadoran Finance Minister Alejandro Celaya said that the issuance of Bitcoin bonds was postponed due to the fall in the value of the cryptocurrency. Despite the unstable situation in the crypto market, on May 9, President Nayib Bukele announced the purchase of 500 BTC ($15.3 million at the time of the transaction).

Negotiations with the International Monetary Fund (IMF) for a $1.3 billion loan last year stalled over Bukele’s decision to make Bitcoin legal tender in El Salvador. Both sides are still negotiating to reduce the country’s budget deficit and debt, as well as to minimize the risks associated with the country’s transition to a virtual currency. Earlier this year, the IMF called on El Salvador to strip Bitcoin of its legal tender status due to financial stability risks.

As of March 2022, 14% of businesses in El Salvador used Bitcoin to transact. According to a study by the state-run Chamber of Commerce, more than 90% of companies said that the recognition of Bitcoin as a means of payment did not affect their income in any way. Of the 337 companies surveyed, 71% were classified as small businesses, 13% medium-sized and 16% large.

In February, Nayib Bukele said he would make it easier for crypto investors to obtain citizenship. He added that this step should improve the economic situation in the country.

El Salvador's default risk has increased significantly due to the fall in the price of Bitcoin

At the same time, on May 17, the President of El Salvador is expecting a visit from representatives of thirty-two global central banks and twelve financial authorities (44 countries in total) to discuss financial inclusion, the digital economy, serving the unbanked population, the introduction of Bitcoin and the benefits of using cryptocurrency. in the financial system of El Salvador.

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Gaming

The media told why there were so many errors in Cyberpunk 2077 – the game was simply poorly tested

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The media told why there were so many errors in

After the launch of Cyberpunk 2077 at the end of 2020, it turned out that the game has a lot of bugs and flaws that have been fixed over time. Now there is information that the project was simply poorly tested before release.

The media told why there were so many errors in Cyberpunk 2077 - the game was simply poorly tested

It is alleged that CD Projekt RED hired the Romanian company Quantic Lab, which previously tested The Witcher 3, to test the game. However, experienced testers had left Quantic Lab by this time, although the company claimed otherwise. This is stated in a video on the YouTube channel Upper Echelon Gamers, which received a 72-page document with test reports, data from the personnel department and so on. This data was allegedly given to the author of the channel by an anonymous employee of Quantic Lab. Although no screenshots or documents are shown in the video.

The video claims the following:

  • Quantic Lab lied about the size of the test team in order to keep the contract.
  • Many team members were newbies who needed to be trained in parallel with testing.
  • The Romanian company required a daily quota of bugs to be met, so any bugs were sent to the developers, not the most important ones. Because of this, really significant errors were often not detected in time.

It is also noted that as a result, CD Projekt RED changed the requirements for testing, now it was necessary to report only important errors, but time was lost.

At the same time, YouTube blogger LegacyKillaHD, who previously reviewed Cyberpunk 2077, asked about the situation of several developers from CD Projekt RED on condition of anonymity. According to them, they knew about the problems in the game, but there was not enough time to fix them.

The media told why there were so many errors in Cyberpunk 2077 - the game was simply poorly tested

Official comments from both companies have not yet been received.

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700 quintillion dollars for an asteroid. Mission Psyche postponed indefinitely

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700 quintillion dollars for an asteroid Mission Psyche postponed indefinitely

NASA said that it had to postpone the launch of the spacecraft to the “precious” asteroid Psyche (Psyche).

700 quintillion dollars for an asteroid.  Mission Psyche postponed indefinitely

As stated in the press release, the postponement is due to the late delivery of the software and test equipment necessary for the device. As a result, now NASA no longer has enough time to complete the tests.

The Psyche spacecraft was originally scheduled to launch on August 1st. The launch was then pushed back to at least September 20. The mission has now been postponed indefinitely.

The problem is that the spacecraft will be launched in such a way that on the way to the asteroid it performs a gravitational maneuver near Mars. Due to the relative position of Earth, Mars and Psyche, scientists had a window from August 1 to October 11 for an optimal launch this year. However, even before October 11, NASA does not have time. Therefore, the device will be launched already in 2023 or even in 2024. And if the original plan implied the arrival of the device to the asteroid in 2026, now we are talking about at least 2029 or 2030. That is, a delay in the launch for a period of six months to a year and a half will lead to an increase in the duration of the flight for a period of five to six years.

The total cost of the Psyche project, including the rocket, is $985 million. To date, 717 million dollars have already been spent. It is also important to note that the device will put the Falcon Heavy into orbit, which has been used only three times so far, although the first launch took place in early 2018. But in the near future, SpaceX will use this rocket much more actively, since four launches are planned before the end of this year alone.

Recall that the asteroid Psyche is interesting because it is the most expensive asteroid in our solar system. Of course, from known. It is mostly composed of iron and nickel, probably representing the core of a larger body that was destroyed in the early stages of the formation of the solar system. Estimates of the cost of the asteroid vary greatly, but some say as much as $700 quintillion.

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Samsung will not significantly improve the TVs in the Galaxy S23 and S23 +. They will retain resolution and 3x zoom

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Samsung will not significantly improve the TVs in the

The Samsung Galaxy S23 and Galaxy S23+ smartphones, unfortunately, when it comes to the camera, will not improve compared to current models.

Samsung will not significantly improve the TVs in the Galaxy S23 and S23 +.  They will retain resolution and 3x zoom

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The source says that the novelties will retain the same 10-megapixel sensor with 3x optical zoom as the current Galaxy S22 and S22 + models.

To be more precise, the sensor parameters will be the same, but it may be slightly different. But in general, apparently, one should not expect any special improvements in the operation of such cameras, although they can take place thanks to new software and a new SoC.

In general, this situation is quite expected, since the Galaxy S23 Ultra will also be in the lineup, which will just offer more opportunities for shooting with zoom thanks to two telephoto cameras.

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