Home Bitcoin News First Mover Asia: Bitcoin Minnows Are Resilient as Lengthy-Time period Whales Capitulate to Stress – CoinDesk

First Mover Asia: Bitcoin Minnows Are Resilient as Lengthy-Time period Whales Capitulate to Stress – CoinDesk

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“The [European Union] is just not prepared for a gasoline embargo, however it imposed a ban on Russian coal after the bloodbath within the Ukrainian city of Bucha. And the excessive likelihood of an settlement on oil underscores how a lot the warfare in Ukraine has compelled Europe to rethink its reliance on Russian energy. In 2020, the bloc imported about 35% of its oil, 40% of its pure gasoline and slightly below 20% of its coal from Russia, in response to the EU statistics workplace.” (Washington Post) … “Coronavirus instances are surging once more in South Africa and public well being specialists are monitoring the scenario, wanting to know what’s driving the spike, what it says about immunity from earlier infections and what its implications are globally.” (The New York Times) … “Charges have risen so dramatically as a result of Bitcoin has a aggressive marketplace for transaction charges, which fund community safety, and rising demand has made transactions extra expensive. The final time Bitcoin charges had been low sufficient for something near micropayments was June of 2015, when the price of a easy ship broke 5 cents. They haven’t regarded again since. Even within the deep darkish doldrums of the 2019 bear market, with the bitcoin (BTC) foreign money buying and selling as little as $3,000, charges had been persistently above 10 cents.” (CoinDesk columnist David Z. Morris)

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