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Bitcoin Slumps 10.14% to $60,560 on Tuesday

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The price of Bitcoin experienced a significant downturn during Tuesday’s trading session, plummeting by 10.14% to $60,560, as reported by Binance platform data at 10:56 p.m. Moscow time (7:56 p.m. GMT). Subsequently, at 11:01 p.m. Moscow time (8:01 p.m. GMT), Bitcoin continued its decline, registering a 7.92% decrease to $61,966.

This drop follows a recent peak on 5 March, where Bitcoin achieved an all-time high of $69,000, the first time since 10 November 2021. At 6:03 p.m. Moscow time (3:03 p.m. GMT) on that day, according to Binance data, Bitcoin’s price showed an 8.52% increase, reaching $69,031.

Bitcoin, created in 2008 by the mysterious Satoshi Nakamoto, operates as a decentralized digital currency, functioning on a peer-to-peer network without the need for intermediaries or a central administrator.

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Fire in Mangaf Workers’ Accommodation Claims 41 Lives

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A devastating fire broke out early Wednesday in a building housing workers in Mangaf, southern Kuwait, resulting in the deaths of at least 41 people, according to Deputy Prime Minister Sheikh Fahad Yusuf Saud Al-Sabah.

During his visit to the site, Sheikh Fahad, who also oversees the interior and defense ministries, criticized real estate owners for their violations and greed, attributing these factors to the tragic incident.

“Unfortunately, the greed of real estate owners is what leads to these matters,” Sheikh Fahad stated.

The blaze was reported to authorities at 6:00 a.m. local time (0300 GMT), according to Major General Eid Rashed Hamad.

“The building was used to house a large number of workers. Dozens were rescued, but sadly, many succumbed to smoke inhalation,” a senior police commander informed state television.

He further emphasized the longstanding warnings against overcrowding in worker accommodations, though he did not specify the workers’ occupations or nationalities.

The fire has been contained, and authorities are currently investigating its cause, officials said.

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Baltimore shipping lane fully reopens after bridge collapse

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The Baltimore shipping lane blocked for more than two months after a cargo ship collided with a major bridge in
March, sending it crashing into the water, fully reopened on Monday, authorities said.

The US Army Corps of Engineers, along with Navy salvage divers, restored the channel to its original dimensions by removing about 50,000 tons of debris from the Patapsco River, a statement from the Key Bridge Response Unified Command said.

The riverbed was certified as safe for transit on Monday.

“We are proud of the unified efforts that fully reopened the Federal Channel to port operations,” said Lieutenant General Scott Spellmon, commanding general of the Army Corps of Engineers.

“The partnerships that endured through this response made this pivotal mission successful.”

On March 26, the Singapore-flagged M/V Dali lost power and plowed into a support column of the Francis Scott Key Bridge, causing it to collapse and killing six road workers who had been filling potholes overnight.

The 106,000-ton ship had been headed for Sri Lanka at the time of the accident.

The US National Transportation Safety Board (NTSB), which is investigating the incident along with the FBI, has said the ship had two electricity blackouts in the moments before the disaster.

The Dali was refloated last month and towed back into port.

The port of Baltimore is one of America’s busiest ports and a key hub for the auto industry, handling almost 850,000 autos and light trucks last year — more than any other US port, according to state figures.

The full reopening of the shipping channel will allow for two-way traffic, Monday’s statement said.

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PM Sheikh Hasina and Modi Exchange Pleasantries at Swearing-In

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Prime Minister Sheikh Hasina of Bangladesh and her Indian counterpart, Narendra Modi, exchanged pleasantries following Modi’s swearing-in ceremony this evening.

Foreign leaders, including the Bangladeshi Prime Minister, took turns approaching the podium to congratulate Modi on taking his oath as the Indian Premier for a third consecutive term.

Clad in light purple, Prime Minister Sheikh Hasina stepped forward to greet Modi, who extended his hand to her. They exchanged a warm handshake and brief pleasantries, inquiring about each other’s well-being.

Modi then escorted Prime Minister Hasina to the banquet hall, guiding her to the dinner hosted by President Smt. Droupadi Murmu at Rashtrapati Bhavan.

Prime Minister Hasina, accompanied by her daughter Saima Wazed, entered the Rashtrapati Bhavan as the third foreign leader to attend the oath-taking ceremony.

Top leaders from Sri Lanka, the Maldives, Bhutan, Nepal, Mauritius, and Seychelles were also present at the swearing-in event, which saw a record attendance of over 8,000 dignitaries.

Prime Minister Hasina arrived in New Delhi on Saturday to participate in the ceremony. She is scheduled to depart for Dhaka tomorrow afternoon.

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