Home Earn Bitcoin First Mover Asia: Bitcoin Extends Shedding Streak, New LUNAs Crash Like Previous LUNAs, Stepn's China Dilemma – CoinDesk

First Mover Asia: Bitcoin Extends Shedding Streak, New LUNAs Crash Like Previous LUNAs, Stepn's China Dilemma – CoinDesk

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“At present, stablecoins are solely used on crypto exchanges, not in mainstream funds programs. However it isn’t essential to make them authorized tender for them for use for mainstream funds. The U.Ok. has a quick, low-cost, complete e-payment system to which banks are the gateways. The overwhelming majority of funds within the U.Ok. use this method. Newer applied sciences akin to PayPal will also be used for a lot of retail purchases.” (CoinDesk columnist Frances Coppola) … “The week of the terraUSD (UST) collapse was among the many most painful weeks in crypto historical past – and one we’ll reckon with for a very long time. It wrought havoc on the crypto market, leading to billions of {dollars} in misplaced worth. And whereas these in Washington, D.C., rightly debate subsequent steps, a wise, considerate dialog round potential regulation is crucial.” (Blockchain Head of Policy Jake Chervinsky for CoinDesk) … “The worth for normal gasoline in California has already risen to greater than $6 a gallon, and it’s nearly unattainable to seek out fuel for underneath $4 anyplace else. Nationwide, costs have risen by almost 50 cents a gallon during the last month. The struggle in Ukraine is probably the most speedy trigger for the bounce in costs as international refiners, tanker corporations and merchants shun Russian exports, forcing as much as three million barrels of oil a time without work the market. Power merchants have additionally bid up oil costs within the expectation that Western governments will impose even harder sanctions on Russia and its power business. (The New York Times)

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