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., in response to officers in these nations.” (The Wall Avenue Journal) … “We’re getting ready a full exit from fossil vitality coming from Russia, beginning with oil – however with out exporting our vitality disaster to different nations. 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 right this moment: They do little good and should trigger plenty 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 current code fairly than a bespoke answer. Its builders may have gone with a crude model of proof-of-stake (the consensus algorithm that can 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 properly – function a worldwide, peer-to-peer settlements layer denominated in a safe, digital bearer-asset, BTC.” (CoinDesk Assistant Opinion Editor Daniel Kuhn)