Tailwinds for South Korea’s Crypto Industry; Bitcoin, Ether Plunge


“Now, Europe is looking for new sources of pure gasoline to switch Russian imports, which account for 38% of the gasoline imported into the European Union. Along with Qatar, European nations are speaking with gasoline producers in Angola, Algeria, Libya and the U.S., based on officers in these international locations.” (The Wall Road Journal) … “We’re making ready a full exit from fossil vitality coming from Russia, beginning with oil – however with out exporting our vitality disaster to different international locations. We have to suppose globally, spend money on #RenewableEnergies worldwide & construct vitality partnerships.” (German Foreign Office) … “Trendy know-your-customer/anti-money laundering (KYC/AML) laws are equal to monetary bloodletting at the moment: They do little good and should trigger loads of hurt. But, whether or not we prefer it or not, the KYC/AML nightmare is coming to crypto.” (CoinDesk contributor Boaz Sobrado) … “Ethereum may have been much less complicated, [Vitalik] Buterin writes. Its digital machine may have used present code moderately than a bespoke resolution. Its builders may have gone with a crude model of proof-of-stake (the consensus algorithm that may ultimately safe Ethereum) that existed in 2013. Ethereum may have been “extra Bitcoin-like,” Buterin stated, referencing that first blockchain, which goals to do one factor nicely – function a worldwide, peer-to-peer settlements layer denominated in a safe, digital bearer-asset, BTC.” (CoinDesk Assistant Opinion Editor Daniel Kuhn)


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