SEC Clampdown Spurs $4B Deposit Flight From Binance, Coinbase and Binance.US

The exchanges, targeted by the SEC for violating federal securities laws, have suffered a significant wave of user withdrawals but managed to process transactions in an orderly fashion so far.

U.S. Securities and Exchange Commission (SEC) lawsuits against Binance, Binance.US and Coinbase have spurred the exodus of some $4 billion of deposits from the crypto exchange giants, according to blockchain data.

The three exchanges suffered a combined net outflow of $3.1 billion via the Ethereum network and $864 million in bitcoin (BTC) between Monday and Thursday, data from blockchain analytics firms Nansen and Glassnode shows. Net outflow means withdrawals outpaced incoming deposits.

The exchanges processed withdrawals in an orderly fashion through the week.

The SEC first filed a lawsuit Monday against Binance, its U.S.-based entity Binance.US and chief executive Changpeng “CZ” Zhao, for a slew of federal securities law violations. Then, the agency sued Coinbase on Tuesday for offering unregistered securities to the public.

The actions unsettled the cryptocurrency market, with tokens the SEC characterized as securities in the suits, including Binance’s BNB, Cardano’s ADA and Polygon’s MATIC tumbling the most during the week. The SEC is seeking to freeze assets on Binance.US, which caused BTC and ether (ETH) to trade at a significant premium for a period compared to other platforms, as traders and market makers retreat from the platform.

Crypto traders, spooked by the regulatory clampdown, took their funds en masse from the exchanges targeted by the SEC.

Binance, the world’s largest crypto exchange by trading volume, experienced a $2 billion net outflow on the Ethereum blockchain over the course of four days, Nansen data shows. The metric includes ETH and all Ethereum-based tokens.

BTC withdrawals also outpaced deposits by some $838 million (31,868 BTC) during this period, according to Glassnode data.

Wednesday’s net outflow of 13,953 BTC was the largest daily drawdown since last December, when a botched reserve report shook investors confidence – already shaky after the collapse of Sam Bankman-Fried’s rival exchange FTX – in the exchange.

While this week’s outflows were significant, they represent only about 5% of all assets on the exchange, according to Binance’s crypto wallets.

Coinbase endured $1 billion of net outflows via Ethereum from Monday to Thursday, according to Nansen. BTC outflows totaled $25 million, per Glassnode.

Binance.US net outflows totaled $75 million on Ethereum, Nansen data shows. Glassnode does not track the platform.

The U.S.-based exchange said on Friday that users should withdraw USD as soon as possible following the SEC’s “extremely aggressive and intimidating tactics” against the company. The platform has suspended U.S. dollar deposits and will delist USD trading pairs shortly, while it temporarily transitions to a crypto-only exchange.

This article was written and edited by CoinDesk journalists with the sole purpose of informing the reader with accurate information. If you click on a link from Glassnode, CoinDesk may earn a commission. For more, see our Ethics Policy.

Merhaba arkadaşlar, bugün sizlere Prizmabet adlı bir bahis sitesinden bahsedeceğim. Prizmabet, Betconstruct altyapısı ile üyelerine kaliteli hizmetler veren ve ülkemizin önde gelen bahis sitelerinden bir tanesidir. 2009 yılında kurulan Prizmabet, lisanslı, güvenilir ve avantajlı bir site olarak dikkat çekmektedir. Prizmabet’te spor bahisleri, canlı bahisler, casino, canlı casino, slot oyunları, sanal sporlar ve daha pek çok seçenek bulabilirsiniz. Prizmabet’te oyun oynamak için aradığınız ortamı fazlası ile bulacaksınız.

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Prizmabet ayrıca üyelerine bol miktarda bonus ve promosyon da sunmaktadır. Prizmabet’te ilk üyelik bonusu olarak 100 TL deneme bonusu alabilirsiniz. Bunun yanında yatırım bonusları, kayıp bonusları, arkadaş davet bonusu, doğum günü bonusu gibi farklı bonuslar da mevcuttur. Prizmabet bonusları sayesinde daha fazla oyun oynayabilir ve kazancınızı artırabilirsiniz. Prizmabet bonuslarının çevrim şartları da oldukça makul seviyededir.

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Prizmabet müşteri hizmetleri de üyelerine 7/24 canlı destek hizmeti sağlamaktadır. Prizmabet canlı destek ekibi sayesinde site ile ilgili her türlü soru, sorun veya önerinizi iletebilir ve anında çözüm bulabilirsiniz. Prizmabet canlı destek ekibi profesyonel, güler yüzlü ve yardımseverdir.

Sonuç olarak, Prizmabet ülkemizin en iyi bahis sitelerinden biri olarak gösterilebilir. Prizmabet’te hem eğlenceli hem de kazançlı bir bahis deneyimi yaşayabilirsiniz. Prizmabet’e üye olmak için güncel giriş adresini web sitemizden bulabilirsiniz. Prizmabet’e girmek için tıklayınız! Prizmabet’e katıldığınıza pişman olmayacaksınız!

Robinhood Joins Coinbase in Saying It Tried to ‘Come In and Register’ Like SEC Wanted

The companies’ top lawyers testified in a House crypto hearing that they spent months trying to get the SEC to help them comply before being rebuffed.

With Coinbase (COIN) and Binance accused of running illegal exchanges by the U.S. Securities and Exchange Commission (SEC), the latest industry testimony in the U.S. House of Representatives this week revealed that companies had desperately sought the agency’s help to properly register but were turned away.

SEC Chair Gary Gensler has a go-to crypto invitation to the firms that are operating without the agency’s approval and oversight, which he’s repeated so often it’s become a messaging mantra: They just need to come in and register.

Robinhood Markets’ chief compliance lawyer told lawmakers that the popular trading firm was trying to register as a special-purpose broker for digital assets. Dan Gallagher, a former SEC commissioner who has spent a career in securities and corporate law, couldn’t get the agency to guide Robinhood into crypto compliance, though he said the staff seemed to want to help.

“When Chair Gensler at the SEC in 2021 said, ‘Come in and register,’ we did,” Gallagher said in his testimony. “We went through a 16-month process with the SEC staff trying to register a special purpose broker dealer. And then we were pretty summarily told in March that that process was over and we would not see any fruits of that effort.”

His story echoes longstanding complaints from Coinbase, whose top lawyer was also present at the House Agriculture Committee on Tuesday and is now facing an SEC lawsuit alleging his company offered unregistered securities and didn’t get approval as an exchange.

“When Coinbase has attempted to do just that, to talk about how we could register as a broker-dealer or an [alternative trading system] or even as a [national securities exchange] after months and months of discussion, we’re simply dismissed with no response or any counter proposal or ideas coming back from the SEC,” said Paul Grewal, Coinbase’s chief legal officer.

Gallagher said one of the regulator’s final sticking points for Robinhood was the lack of registration and disclosures from issuers of tokens that trade on the platform, and Gallagher argued there’s no way for his company to insist that outside issuers meet SEC demands.

Sen. Cynthia Lummnis (R-Wyo.) jumped into the debate with a tweet this week promoting her crypto bill: “The SEC has failed to provide a path for digital asset exchanges to register.”

The possible counterweight to this argument is the series of approvals of digital-assets broker-dealers by the Financial Industry Regulatory Authority (FINRA), an industry-funded oversight arm created by the SEC. The brokerages, including Prometheum Ember Capital LLC, Bosonic Securities and OTC Markets Group, are officially approved to trade crypto securities, a category of assets whose borders aren’t yet well defined. Meanwhile, the companies trying to navigate a path as compliant crypto firms haven’t yet demonstrated a fully formed business model.

In comments after his agency’s enforcement actions, Gensler now seems to suggest the U.S. “doesn’t need more digital currency,” and that the industry must fix its compliance problems or he foresees a possibility of it “collapsing like a house of cards.”

However, this compliance dispute is no longer in the hands of the industry or the SEC but will be decided in the courts.

“We have to go to court and really see, otherwise this industry is just not going to exist in the United States,” Coinbase CEO Brian Armstrong said in a CNBC interview on Wednesday.

Merhaba arkadaşlar, bugün sizlere Prizmabet adlı bir bahis sitesinden bahsedeceğim. Prizmabet, Betconstruct altyapısı ile üyelerine kaliteli hizmetler veren ve ülkemizin önde gelen bahis sitelerinden bir tanesidir. 2009 yılında kurulan Prizmabet, lisanslı, güvenilir ve avantajlı bir site olarak dikkat çekmektedir. Prizmabet’te spor bahisleri, canlı bahisler, casino, canlı casino, slot oyunları, sanal sporlar ve daha pek çok seçenek bulabilirsiniz. Prizmabet’te oyun oynamak için aradığınız ortamı fazlası ile bulacaksınız.

Prizmabet’in en önemli özelliklerinden biri de Prizmabet TV kanalıdır. Bu kanal sayesinde bahis sitesinde bulunan müsabakaları üyeler bir ücrete katlanmadan istedikleri zaman takip edebiliyor. Böylece hem heyecanlı hem de kazançlı bir bahis deneyimi yaşayabiliyorsunuz. Prizmabet TV kanalında futbol, basketbol, tenis, voleybol gibi popüler spor dallarının yanı sıra daha az bilinen sporlara da yer verilmektedir. Prizmabet TV kanalını kullanmak için sadece siteye üye olmanız ve yatırım yapmanız yeterlidir.

Prizmabet ayrıca üyelerine bol miktarda bonus ve promosyon da sunmaktadır. Prizmabet’te ilk üyelik bonusu olarak 100 TL deneme bonusu alabilirsiniz. Bunun yanında yatırım bonusları, kayıp bonusları, arkadaş davet bonusu, doğum günü bonusu gibi farklı bonuslar da mevcuttur. Prizmabet bonusları sayesinde daha fazla oyun oynayabilir ve kazancınızı artırabilirsiniz. Prizmabet bonuslarının çevrim şartları da oldukça makul seviyededir.

Prizmabet para yatırma ve çekme işlemleri konusunda da üyelerine kolaylık sağlamaktadır. Prizmabet’te banka havalesi, kredi kartı, papara, cepbank, QR kod, bitcoin gibi farklı yöntemlerle para yatırabilir ve çekebilirsiniz. Para yatırma ve çekme işlemleri 7/24 yapılabilmekte ve kısa sürede hesaplara yansımaktadır. Prizmabet para yatırma ve çekme işlemlerinde herhangi bir komisyon veya kesinti de yapmamaktadır.

Prizmabet müşteri hizmetleri de üyelerine 7/24 canlı destek hizmeti sağlamaktadır. Prizmabet canlı destek ekibi sayesinde site ile ilgili her türlü soru, sorun veya önerinizi iletebilir ve anında çözüm bulabilirsiniz. Prizmabet canlı destek ekibi profesyonel, güler yüzlü ve yardımseverdir.

Sonuç olarak, Prizmabet ülkemizin en iyi bahis sitelerinden biri olarak gösterilebilir. Prizmabet’te hem eğlenceli hem de kazançlı bir bahis deneyimi yaşayabilirsiniz. Prizmabet’e üye olmak için güncel giriş adresini web sitemizden bulabilirsiniz. Prizmabet’e girmek için tıklayınız! Prizmabet’e katıldığınıza pişman olmayacaksınız!

Why Did Bitcoin’s Price Rise? BTC Hovers Over $27K as Investors Shrug Off Hot Jobs Data

Ether and other major cryptos spent much of the day in positive territory.

Bitcoin rose a little on Friday, but largely shrugged off an unexpectedly strong jobs report, along with a week’s worth of upset and uproar over the U.S. debt ceiling, end-game negotiations and renewed inflation concerns.

The largest cryptocurrency by market capitalization was recently trading at about $27,180, up 1.2%. BTC edged above $27,000 shortly before U.S. equity markets opened on Friday after spending much of the previous two days well below this threshold, a result largely of the sort of inflationary angst that has hobbled prices over the past 18 months.

“Bitcoin is holding steady after a busy week filled with a debt limit deal, a complicated jobs report that showed both robust hiring and surging layoffs, and as lawmakers inch towards figuring out how to regulate crypto,” Edward Moya, senior market analyst at foreign exchange market maker Oanda, wrote in an email, flagging recent discussion of a Securities Clarity Act that could clarify “if some tokens are unregistered securities.”

Ether was recently changing hands just over $1,905, up nearly 2% from Thursday, same time. The second largest crypto had spent much of the past seven days below this level as ETH investors also wrestled with macroeconomic headwinds.

Almost without exception, other major cryptos spent the day solidly in positive territory with ADA and SOL, the tokens of the Cardano and Solana smart contract platforms, recently rising more than 4% and 3.5%, respectively. Meanwhile, a bevy of small DeFi focused protocols were the big gainers of the past seven days, according to the CoinDesk Market Index, a measure of crypto markets overall performance, with Lido (LDO), Synapse (SYN), and PancakeSwap (CAKE), climbing 15%, 13%, and 12%, respectively. The CMI was recently up 1.6%.

Stocks jumped following the robust U.S. Labor Department report that showed the economy adding 339,000 jobs in May, about 75% more than economists forecast and also markedly higher than the 294,000 jobs added in April. The hot jobs data offered the latest evidence that the employment market remained tight, a sign that the economy isn’t done expanding and that inflation therefore will remain a concern. Yet a May unemployment rate of 3.7%, higher than the anticipated 3.5%, offered a more hopeful sign that the U.S. central bank may use to justify a halt to its steady diet of interest rate hikes. Rate increases have bedeviled crypto markets.

The tech-focused Nasdaq Composite and S&P 500, which has a strong technology component, spiked 1.4% and 1%, respectively. Safe-haven gold, which neared a record high less than a month ago, dropped 1.5% to trade at $1,965.

Oanda’s Moya said that the U.S. central banks suggested that the U.S. central bank faces a difficult decision on a June interest rate increase after indicating it was open to a stoppage and might be influenced by the upcoming Institute for Supply Management (ISM) and May Consumer Price Index releases.

“The Fed has almost locked themselves into a corner with a skip for the June meeting, but it should be very clear that they are not done raising rates,” Moya wrote, also noting that “that at the midpoint of the year, “this economy is not showing strong signs that the second half of the year recession is coming.”

Merhaba arkadaşlar, bugün sizlere Prizmabet adlı bir bahis sitesinden bahsedeceğim. Prizmabet, Betconstruct altyapısı ile üyelerine kaliteli hizmetler veren ve ülkemizin önde gelen bahis sitelerinden bir tanesidir. 2009 yılında kurulan Prizmabet, lisanslı, güvenilir ve avantajlı bir site olarak dikkat çekmektedir. Prizmabet’te spor bahisleri, canlı bahisler, casino, canlı casino, slot oyunları, sanal sporlar ve daha pek çok seçenek bulabilirsiniz. Prizmabet’te oyun oynamak için aradığınız ortamı fazlası ile bulacaksınız.

Prizmabet’in en önemli özelliklerinden biri de Prizmabet TV kanalıdır. Bu kanal sayesinde bahis sitesinde bulunan müsabakaları üyeler bir ücrete katlanmadan istedikleri zaman takip edebiliyor. Böylece hem heyecanlı hem de kazançlı bir bahis deneyimi yaşayabiliyorsunuz. Prizmabet TV kanalında futbol, basketbol, tenis, voleybol gibi popüler spor dallarının yanı sıra daha az bilinen sporlara da yer verilmektedir. Prizmabet TV kanalını kullanmak için sadece siteye üye olmanız ve yatırım yapmanız yeterlidir.

Prizmabet ayrıca üyelerine bol miktarda bonus ve promosyon da sunmaktadır. Prizmabet’te ilk üyelik bonusu olarak 100 TL deneme bonusu alabilirsiniz. Bunun yanında yatırım bonusları, kayıp bonusları, arkadaş davet bonusu, doğum günü bonusu gibi farklı bonuslar da mevcuttur. Prizmabet bonusları sayesinde daha fazla oyun oynayabilir ve kazancınızı artırabilirsiniz. Prizmabet bonuslarının çevrim şartları da oldukça makul seviyededir.

Prizmabet para yatırma ve çekme işlemleri konusunda da üyelerine kolaylık sağlamaktadır. Prizmabet’te banka havalesi, kredi kartı, papara, cepbank, QR kod, bitcoin gibi farklı yöntemlerle para yatırabilir ve çekebilirsiniz. Para yatırma ve çekme işlemleri 7/24 yapılabilmekte ve kısa sürede hesaplara yansımaktadır. Prizmabet para yatırma ve çekme işlemlerinde herhangi bir komisyon veya kesinti de yapmamaktadır.

Prizmabet müşteri hizmetleri de üyelerine 7/24 canlı destek hizmeti sağlamaktadır. Prizmabet canlı destek ekibi sayesinde site ile ilgili her türlü soru, sorun veya önerinizi iletebilir ve anında çözüm bulabilirsiniz. Prizmabet canlı destek ekibi profesyonel, güler yüzlü ve yardımseverdir.

Sonuç olarak, Prizmabet ülkemizin en iyi bahis sitelerinden biri olarak gösterilebilir. Prizmabet’te hem eğlenceli hem de kazançlı bir bahis deneyimi yaşayabilirsiniz. Prizmabet’e üye olmak için güncel giriş adresini web sitemizden bulabilirsiniz. Prizmabet’e girmek için tıklayınız! Prizmabet’e katıldığınıza pişman olmayacaksınız!

First Mover Americas: Bitcoin Begins June Dropping Back Below $27K

The latest price moves in crypto markets in context for June 1, 2023.

Bu makale ilk olarak CoinDesk’in kripto piyasalarındaki en son hareketleri bağlam içinde ortaya koyan günlük haber bülteni First Mover’da yayınlandı . Her gün gelen kutunuza almak için abone olun .

Son Fiyatlar

En iyi hikayeler

Bitcoin and the broad cryptocurrency market sold off for the second consecutive day on Thursday with fears over inflation and continued rate hikes resurfacing. The U.S. House of Representatives passed the debt ceiling deal Wednesday night and the bill now moves to the Senate for its approval. Bitcoin was down 1% on the day to $26,800 and has lost more than 6% over the past month. While new eurozone data showed that inflation fell more than expected to 6.1% in May from 7% in April, European Central Bank President, Christine Lagarde signaled that additional interest rate rises are needed. “We need to continue our hiking cycle until we are sufficiently confident that inflation is on track to return to our target in a timely manner,” she said in a speech on Thursday.

Cryptocurrency exchange Kraken is reaping the benefits of staying in Canada after rivals such as Binance and OKX set withdrawal plans. Kraken told CoinDesk its customer deposits in the country grew by 25% in the weeks following Binance’s announced departure in early May, and the exchange saw a fivefold increase in downloads of its two mobile apps for Canadian clients within a week of OKX saying in March it planned to leave. Canada tightened its regulatory framework for digital asset trading earlier this year, resulting in an exodus of some of the largest crypto exchanges. Alongside Binance – the globe’s largest exchange by volume traded – and OKX, Paxos, Blockchain.com and Deribit also all announced their departures. The most recent exit announcement was from Bybit earlier this week.

Kısmen başarısız kripto hedge fonu Three Arrows Capital’in (3AC) müdürleri tarafından kurulan iflas talep borsası OPNX, platformdaki işlem ücretlerini azaltmak için tasarlanmış “Open Exchange token” (OX) adlı yeni bir yönetişim parası çıkardı . Borsanın mevcut token’ı FLEX, teknik incelemede FLEX’in OX için 1:100 oranında dönüştürülebileceğinin ortaya çıkmasının ardından %16 arttı. OX, maksimum 9,86 milyar arza sahip bir ERC-20 tokenidir. Etherscan’e göre, basın zamanında yaklaşık 100 kişi varlığı ya bastı ya da satın aldı. OPNX değişimi, 3AC’den Kyle Davies ve Su Zhu ile başarısız kripto kredi kuruluşu CoinFLEX’in yöneticileri tarafından ortaklaşa kuruldu.

Merhaba arkadaşlar, bugün sizlere Prizmabet adlı bir bahis sitesinden bahsedeceğim. Prizmabet, Betconstruct altyapısı ile üyelerine kaliteli hizmetler veren ve ülkemizin önde gelen bahis sitelerinden bir tanesidir. 2009 yılında kurulan Prizmabet, lisanslı, güvenilir ve avantajlı bir site olarak dikkat çekmektedir. Prizmabet’te spor bahisleri, canlı bahisler, casino, canlı casino, slot oyunları, sanal sporlar ve daha pek çok seçenek bulabilirsiniz. Prizmabet’te oyun oynamak için aradığınız ortamı fazlası ile bulacaksınız.

Prizmabet’in en önemli özelliklerinden biri de Prizmabet TV kanalıdır. Bu kanal sayesinde bahis sitesinde bulunan müsabakaları üyeler bir ücrete katlanmadan istedikleri zaman takip edebiliyor. Böylece hem heyecanlı hem de kazançlı bir bahis deneyimi yaşayabiliyorsunuz. Prizmabet TV kanalında futbol, basketbol, tenis, voleybol gibi popüler spor dallarının yanı sıra daha az bilinen sporlara da yer verilmektedir. Prizmabet TV kanalını kullanmak için sadece siteye üye olmanız ve yatırım yapmanız yeterlidir.

Prizmabet ayrıca üyelerine bol miktarda bonus ve promosyon da sunmaktadır. Prizmabet’te ilk üyelik bonusu olarak 100 TL deneme bonusu alabilirsiniz. Bunun yanında yatırım bonusları, kayıp bonusları, arkadaş davet bonusu, doğum günü bonusu gibi farklı bonuslar da mevcuttur. Prizmabet bonusları sayesinde daha fazla oyun oynayabilir ve kazancınızı artırabilirsiniz. Prizmabet bonuslarının çevrim şartları da oldukça makul seviyededir.

Prizmabet para yatırma ve çekme işlemleri konusunda da üyelerine kolaylık sağlamaktadır. Prizmabet’te banka havalesi, kredi kartı, papara, cepbank, QR kod, bitcoin gibi farklı yöntemlerle para yatırabilir ve çekebilirsiniz. Para yatırma ve çekme işlemleri 7/24 yapılabilmekte ve kısa sürede hesaplara yansımaktadır. Prizmabet para yatırma ve çekme işlemlerinde herhangi bir komisyon veya kesinti de yapmamaktadır.

Prizmabet müşteri hizmetleri de üyelerine 7/24 canlı destek hizmeti sağlamaktadır. Prizmabet canlı destek ekibi sayesinde site ile ilgili her türlü soru, sorun veya önerinizi iletebilir ve anında çözüm bulabilirsiniz. Prizmabet canlı destek ekibi profesyonel, güler yüzlü ve yardımseverdir.

Sonuç olarak, Prizmabet ülkemizin en iyi bahis sitelerinden biri olarak gösterilebilir. Prizmabet’te hem eğlenceli hem de kazançlı bir bahis deneyimi yaşayabilirsiniz. Prizmabet’e üye olmak için güncel giriş adresini web sitemizden bulabilirsiniz. Prizmabet’e girmek için tıklayınız! Prizmabet’e katıldığınıza pişman olmayacaksınız!

Bitcoin Miners Gain Support From Texas With Two Bills Passed, One Halted

Two bills that seem to embrace mining have been sent to the governor, whereas one that would adversely affect miners was stopped at the committee stage.

Texas legislators are throwing their weight behind bitcoin mining with two bills passed in the latest legislative session that are signaling support for the industry — and one thwarted for the time being.

In the past few weeks, two bills — SB 1929 and HB 591 — that show support for miners have made it through the legislative stage and are awaiting Gov. Greg Abbott’s signature. If signed, they take effect on Sept. 1.

The bill SB 1929 requires miners whose energy capacity is larger than 75 megawatts (MW) to register with the Public Utilities Commission (PUC) of Texas as large loads operators, which then shares their data with the Electricity Reliability Council of Texas (ERCOT), the grid operator. The bill is in line with the March 2022 interim interconnection process formed by ERCOT’s Large Flexible Loads Taskforce, which is responsible for drafting policy to manage big electric loads such as bitcoin miners.

Meanwhile, HB 591 was sent to the governor on April 18, and will introduce tax exemptions from companies that put to use otherwise wasted gas, including data centers.

“These bills signal that Texas remains the jurisdiction of choice for bitcoin, blockchain, and digital assets,” said Lee Bratcher, president of local industry group Texas Blockchain Council (TBC).

The third bill, SB 1751 — dubbed by some the “anti bitcoin mining bill” and which would have capped the industry’s participation in cost-saving demand-response programs — was stopped at the committee stage. Demand-response programs are various schemes in which miners get power credits for curtailing their operations at times of peak energy demand.

State Sen. Lois Kolkhorst, the bill’s lead sponsor did not respond to CoinDesk’s request for comment on this story.

“More miners in the [demand-response] program means more load can be reliably called on to help balance the grid,” said Dennis Porter, who leads another industry advocacy group, Satoshi Action Fund. “We are increasing communication with the PUC and ERCOT which will improve transparency and publicly available data on mining which ultimately is good for the industry,” he noted.

However, the opposition of SB 1751 isn’t what defeated it, said Jackie Sawicky, who has brought together hundreds of Texas residents in an activist group called Concerned Citizens of Navarro County. “The house just didn’t prioritize it and the session ended/ran out of time,” so the bill can be reintroduced in the next session, she said. The next session will start in January 2025.

Bill SB 1751 would have taken the threshold for registering with state grid authorities to 10 MW.

“Texas is setting a standard for how to adopt this new and innovative technology,” said Porter.

Texas innovation

Texas is one of the largest bitcoin mining hubs in the world due to cheap energy and friendly regulators. As policy on bitcoin mining at the federal level has lagged, the state, the largest by energy production in the U.S., is marching on with its own rules.

However, it’s not the only state that’s pro-mining. Legislation protecting mining was passed in Arkansas and Montana. Similar bills in Missouri and Mississippi have died.

By contrast, New York imposed a two-year moratorium on new fossil fuel-based bitcoin mines. Oregon is currently considering legislation that would require data centers, including miners, to reduce their greenhouse gas emissions.

Meanwhile, a 30% tax on bitcoin mining proposed by the Biden administration appears to have stalled. The tax didn’t make it into a bill on the debt ceiling, which passed on Wednesday. According to Rep. Warren Davidson, the tax will likely not return as part of the U.S. budget.

“With policy stagnation at the federal level, the states are stepping up to be the incubators of innovation,” TBC’s Bratcher said.

Merhaba arkadaşlar, bugün sizlere Prizmabet adlı bir bahis sitesinden bahsedeceğim. Prizmabet, Betconstruct altyapısı ile üyelerine kaliteli hizmetler veren ve ülkemizin önde gelen bahis sitelerinden bir tanesidir. 2009 yılında kurulan Prizmabet, lisanslı, güvenilir ve avantajlı bir site olarak dikkat çekmektedir. Prizmabet’te spor bahisleri, canlı bahisler, casino, canlı casino, slot oyunları, sanal sporlar ve daha pek çok seçenek bulabilirsiniz. Prizmabet’te oyun oynamak için aradığınız ortamı fazlası ile bulacaksınız.

Prizmabet’in en önemli özelliklerinden biri de Prizmabet TV kanalıdır. Bu kanal sayesinde bahis sitesinde bulunan müsabakaları üyeler bir ücrete katlanmadan istedikleri zaman takip edebiliyor. Böylece hem heyecanlı hem de kazançlı bir bahis deneyimi yaşayabiliyorsunuz. Prizmabet TV kanalında futbol, basketbol, tenis, voleybol gibi popüler spor dallarının yanı sıra daha az bilinen sporlara da yer verilmektedir. Prizmabet TV kanalını kullanmak için sadece siteye üye olmanız ve yatırım yapmanız yeterlidir.

Prizmabet ayrıca üyelerine bol miktarda bonus ve promosyon da sunmaktadır. Prizmabet’te ilk üyelik bonusu olarak 100 TL deneme bonusu alabilirsiniz. Bunun yanında yatırım bonusları, kayıp bonusları, arkadaş davet bonusu, doğum günü bonusu gibi farklı bonuslar da mevcuttur. Prizmabet bonusları sayesinde daha fazla oyun oynayabilir ve kazancınızı artırabilirsiniz. Prizmabet bonuslarının çevrim şartları da oldukça makul seviyededir.

Prizmabet para yatırma ve çekme işlemleri konusunda da üyelerine kolaylık sağlamaktadır. Prizmabet’te banka havalesi, kredi kartı, papara, cepbank, QR kod, bitcoin gibi farklı yöntemlerle para yatırabilir ve çekebilirsiniz. Para yatırma ve çekme işlemleri 7/24 yapılabilmekte ve kısa sürede hesaplara yansımaktadır. Prizmabet para yatırma ve çekme işlemlerinde herhangi bir komisyon veya kesinti de yapmamaktadır.

Prizmabet müşteri hizmetleri de üyelerine 7/24 canlı destek hizmeti sağlamaktadır. Prizmabet canlı destek ekibi sayesinde site ile ilgili her türlü soru, sorun veya önerinizi iletebilir ve anında çözüm bulabilirsiniz. Prizmabet canlı destek ekibi profesyonel, güler yüzlü ve yardımseverdir.

Sonuç olarak, Prizmabet ülkemizin en iyi bahis sitelerinden biri olarak gösterilebilir. Prizmabet’te hem eğlenceli hem de kazançlı bir bahis deneyimi yaşayabilirsiniz. Prizmabet’e üye olmak için güncel giriş adresini web sitemizden bulabilirsiniz. Prizmabet’e girmek için tıklayınız! Prizmabet’e katıldığınıza pişman olmayacaksınız!

For Financial Advisors, Real World Assets Could Be a Safe(r) Path to Crypto

Tokenized Real World Assets (RWA) are a potential avenue for financial advisors to approach the crypto sector while minimizing risk.

One of the most exciting use cases for blockchain technology is commonly referred to as Real World Assets, or RWA. Based on a report from Boston Consulting Group, the on-chain RWA market is expected to reach between $4 trillion and $16 trillion by 2030.

We spend so much time talking about the value of crypto assets like bitcoin and ETH, especially when it applies to financial advisors, but RWA can drive trillions of dollars in adoption, is touted by some of the biggest names in finance (JP Morgan, Citi, Boston Consulting Group, Blackstone) and will be extremely important for advisors to understand.

You’re reading Crypto for Advisors, CoinDesk’s weekly newsletter that unpacks digital assets for financial advisors. Subscribe here to get it every Thursday.

Are Real World Assets like crypto assets?

Most assets we talk about with regard to blockchain are chain-native assets like bitcoin, ETH, SOL, or UNI. This means they are native to a public blockchain and derive their value from the use or performance of a protocol.

For example, bitcoin is an incentive for miners to continue processing blocks on the Bitcoin blockchain, while ETH is used to pay for transactions on the Ethereum network.

When we talk about Real World Assets, we usually mean the integration of using on-chain databases to track the assets, with performance and valuation coming from outside the blockchain.

For example, I could have a token that represents equity in a real estate investment, or in a pool that lends money to entrepreneurs in the developing world. While the token is on a blockchain, the assets and payments are in the real world.

The Real World Asset tokens are simply representations of assets that are not necessarily blockchain-native, and are NOT volatile assets like we think of in crypto. These RWA tokens, like all cryptographic tokens, are programmable, so we can encode lockup periods, and accredited investor requirements.

Why use a blockchain?

Public blockchains are simply decentralized databases, good for storing information in an immutable manner. We currently store our data – money, private company equity, loans, financial records – in centralized databases with names like Google, Amazon, Chase, Schwab and your local county title database. Therefore, we have to ask permission every time we want to access that data, and the data from one silo doesn’t easily or natively work with data from another.

When we move that data onto a public blockchain, we can control it using a wallet, a self-custody technology that works hand in hand with blockchains. Once it’s there, we can take advantage of many of the benefits of public blockchains:

Why should advisors learn?

Clients are increasingly interested in alternative assets – private credit, real estate, collectibles. Often RWA tokens will represent some of these alternatives.

We already see private credit from Maple Finance and Goldfinch, as well as collectibles from Rally Road and 4K. For years, we haven’t seen many options for clients to find income in their portfolio. As interest rates have risen, many of the RWA options offer double-digit returns through interest, without the crypto volatility risk. They can make low-risk loans in markets where Traditional Finance can’t or won’t go, and keep the process efficient.

Advisors will need to understand the increased transparency and liquidity. Your clients may have the chance to sell half their real estate tokens after 12 months, and use that money to invest in a pool aimed at providing invoice factoring.

Advisors should also have a good knowledge of self-custody, and the efficiencies and security risks inherent to it, so they can help clients invest in these alternatives.

Additionally, the increase in activity around RWA will drive more use of the networks. For blockchains like Ethereum and Polygon, this may also trigger higher token prices since the native token – ETH or MATIC – is used to pay for the transactions.

The promise of blockchain technology has always been about increasing inclusion and efficiency through public databases. Unlike addressing native crypto assets, which can be volatile and subject to new regulations, Real World Assets on-chain are simply more efficient, transparent ways to denote what people are already comfortable investing in.

Merhaba arkadaşlar, bugün sizlere Prizmabet adlı bir bahis sitesinden bahsedeceğim. Prizmabet, Betconstruct altyapısı ile üyelerine kaliteli hizmetler veren ve ülkemizin önde gelen bahis sitelerinden bir tanesidir. 2009 yılında kurulan Prizmabet, lisanslı, güvenilir ve avantajlı bir site olarak dikkat çekmektedir. Prizmabet’te spor bahisleri, canlı bahisler, casino, canlı casino, slot oyunları, sanal sporlar ve daha pek çok seçenek bulabilirsiniz. Prizmabet’te oyun oynamak için aradığınız ortamı fazlası ile bulacaksınız.

Prizmabet’in en önemli özelliklerinden biri de Prizmabet TV kanalıdır. Bu kanal sayesinde bahis sitesinde bulunan müsabakaları üyeler bir ücrete katlanmadan istedikleri zaman takip edebiliyor. Böylece hem heyecanlı hem de kazançlı bir bahis deneyimi yaşayabiliyorsunuz. Prizmabet TV kanalında futbol, basketbol, tenis, voleybol gibi popüler spor dallarının yanı sıra daha az bilinen sporlara da yer verilmektedir. Prizmabet TV kanalını kullanmak için sadece siteye üye olmanız ve yatırım yapmanız yeterlidir.

Prizmabet ayrıca üyelerine bol miktarda bonus ve promosyon da sunmaktadır. Prizmabet’te ilk üyelik bonusu olarak 100 TL deneme bonusu alabilirsiniz. Bunun yanında yatırım bonusları, kayıp bonusları, arkadaş davet bonusu, doğum günü bonusu gibi farklı bonuslar da mevcuttur. Prizmabet bonusları sayesinde daha fazla oyun oynayabilir ve kazancınızı artırabilirsiniz. Prizmabet bonuslarının çevrim şartları da oldukça makul seviyededir.

Prizmabet para yatırma ve çekme işlemleri konusunda da üyelerine kolaylık sağlamaktadır. Prizmabet’te banka havalesi, kredi kartı, papara, cepbank, QR kod, bitcoin gibi farklı yöntemlerle para yatırabilir ve çekebilirsiniz. Para yatırma ve çekme işlemleri 7/24 yapılabilmekte ve kısa sürede hesaplara yansımaktadır. Prizmabet para yatırma ve çekme işlemlerinde herhangi bir komisyon veya kesinti de yapmamaktadır.

Prizmabet müşteri hizmetleri de üyelerine 7/24 canlı destek hizmeti sağlamaktadır. Prizmabet canlı destek ekibi sayesinde site ile ilgili her türlü soru, sorun veya önerinizi iletebilir ve anında çözüm bulabilirsiniz. Prizmabet canlı destek ekibi profesyonel, güler yüzlü ve yardımseverdir.

Sonuç olarak, Prizmabet ülkemizin en iyi bahis sitelerinden biri olarak gösterilebilir. Prizmabet’te hem eğlenceli hem de kazançlı bir bahis deneyimi yaşayabilirsiniz. Prizmabet’e üye olmak için güncel giriş adresini web sitemizden bulabilirsiniz. Prizmabet’e girmek için tıklayınız! Prizmabet’e katıldığınıza pişman olmayacaksınız!

Crypto Exchange Kraken’s Canada Customer Deposits Rose 25% After Binance Announced Departure

Kraken also saw a fivefold increase in app downloads within a week of OKX saying it was leaving the country back in March.

Cryptocurrency exchange Kraken is reaping the benefits of staying in Canada after rivals such as Binance and OKX said they plan to withdraw.

Kraken’s customer deposits in the country grew by 25% in the weeks following Binance’s announced departure in early May, and it saw a fivefold increase in downloads of its two mobile apps for Canadian clients within a week of OKX saying it planned to leave back in March. A Kraken representative shared the data with CoinDesk via email.

Canada tightened its regulatory framework for digital asset trading earlier this year, resulting in an exodus of some of the largest crypto exchanges. As well as Binance, the largest exchange by volume traded, and OKX, crypto firms Paxos, Blockchain.com and Deribit all announced their departures. The most recent leaver was Bybit, earlier this week.

Like Kraken, Nasdaq-listed exchange Coinbase (COIN) said it was happy to commit to Canada’s enhanced Pre-Registration Undertaking (PRU). When compared with the lack of clarity in the U.S., Coinbase went as far as saying it loved working with a regulator the firm could engage with.

Kraken has been in Canada for over 10 years, has more than 250 staff there and has been a money services business in the country since 2019, the firm’s managing director for Canada, Mark Greenberg, pointed out.

“I think the Canadian regulatory approach works for us,” Greenberg said in an interview with CoinDesk. “There are things we really liked about it; things we’ve been doing forever, like the focus on security on customer assets, for example. And then there are things we don’t like as much about it, such as some of the limits on trading and margin.”

One of the demanding new provisions for crypto exchanges set out by the Canadian Securities Administrators (CSA) earlier this year, is the requirement that firms hold a large proportion of client assets with a third-party custodian.

“We’ve all committed to using a third-party custodian as part of the commitments we’ve made, and I think we will continue to have that discussion with the regulators,” said Greenberg. “It’s one of those things where there are pros and cons, and I think the regulator is aware of the pros and cons and options around this. At the end of the day, what matters most for us is that our clients’ assets are safe and secure and not open for rug pulls or other types of things.”

Merhaba arkadaşlar, bugün sizlere Prizmabet adlı bir bahis sitesinden bahsedeceğim. Prizmabet, Betconstruct altyapısı ile üyelerine kaliteli hizmetler veren ve ülkemizin önde gelen bahis sitelerinden bir tanesidir. 2009 yılında kurulan Prizmabet, lisanslı, güvenilir ve avantajlı bir site olarak dikkat çekmektedir. Prizmabet’te spor bahisleri, canlı bahisler, casino, canlı casino, slot oyunları, sanal sporlar ve daha pek çok seçenek bulabilirsiniz. Prizmabet’te oyun oynamak için aradığınız ortamı fazlası ile bulacaksınız.

Prizmabet’in en önemli özelliklerinden biri de Prizmabet TV kanalıdır. Bu kanal sayesinde bahis sitesinde bulunan müsabakaları üyeler bir ücrete katlanmadan istedikleri zaman takip edebiliyor. Böylece hem heyecanlı hem de kazançlı bir bahis deneyimi yaşayabiliyorsunuz. Prizmabet TV kanalında futbol, basketbol, tenis, voleybol gibi popüler spor dallarının yanı sıra daha az bilinen sporlara da yer verilmektedir. Prizmabet TV kanalını kullanmak için sadece siteye üye olmanız ve yatırım yapmanız yeterlidir.

Prizmabet ayrıca üyelerine bol miktarda bonus ve promosyon da sunmaktadır. Prizmabet’te ilk üyelik bonusu olarak 100 TL deneme bonusu alabilirsiniz. Bunun yanında yatırım bonusları, kayıp bonusları, arkadaş davet bonusu, doğum günü bonusu gibi farklı bonuslar da mevcuttur. Prizmabet bonusları sayesinde daha fazla oyun oynayabilir ve kazancınızı artırabilirsiniz. Prizmabet bonuslarının çevrim şartları da oldukça makul seviyededir.

Prizmabet para yatırma ve çekme işlemleri konusunda da üyelerine kolaylık sağlamaktadır. Prizmabet’te banka havalesi, kredi kartı, papara, cepbank, QR kod, bitcoin gibi farklı yöntemlerle para yatırabilir ve çekebilirsiniz. Para yatırma ve çekme işlemleri 7/24 yapılabilmekte ve kısa sürede hesaplara yansımaktadır. Prizmabet para yatırma ve çekme işlemlerinde herhangi bir komisyon veya kesinti de yapmamaktadır.

Prizmabet müşteri hizmetleri de üyelerine 7/24 canlı destek hizmeti sağlamaktadır. Prizmabet canlı destek ekibi sayesinde site ile ilgili her türlü soru, sorun veya önerinizi iletebilir ve anında çözüm bulabilirsiniz. Prizmabet canlı destek ekibi profesyonel, güler yüzlü ve yardımseverdir.

Sonuç olarak, Prizmabet ülkemizin en iyi bahis sitelerinden biri olarak gösterilebilir. Prizmabet’te hem eğlenceli hem de kazançlı bir bahis deneyimi yaşayabilirsiniz. Prizmabet’e üye olmak için güncel giriş adresini web sitemizden bulabilirsiniz. Prizmabet’e girmek için tıklayınız! Prizmabet’e katıldığınıza pişman olmayacaksınız!

Tether Market Cap Climbs to All-Time High of $83.2B, Even as Stablecoin Market Sinks

USDT has reached a $83.2 billion market capitalization, recovering all the losses since the implosion of blockchain project Terra more than a year ago.

Stablecoin issuer Tether’s USDT has regained its previous all-time high market capitalization despite a shrinking stablecoin market.

USDT reached an $83.2 billion market capitalization on Thursday, the company reported, equaling its previous peak little more than a year ago. It has recovered all of the $18 billion it lost since the dramatic implosion of blockchain project Terra in May 2022 and following market rout.

Tether’s milestone is significant as it runs counter to a 14-month stablecoin market decline. Stablecoins are a $129 billion subset of cryptocurrencies and key plumbing in blockchain-based finance, bridging government-issued fiat currencies with digital assets and facilitating trading.

See also: Tether Reports $1.48B Profit in Q1, Reveals Bitcoin, Gold Reserves

USDT has greatly benefitted from the recent woes of its closest rivals. The second largest stablecoin USDC, which is issued by Circle, was hit by the implosion of banking partner Silicon Valley Bank in March, and subsequent wobbles in its price stability are still weighing on the token. The one-time $20 billion Binance USD (BUSD) was essentially given an expiry date when New York state regulators forced issuer Paxos to stop minting new tokens in February.

Tether has been criticized for years for lack of transparency about its reserve assets, including potentially risky loans to undisclosed debtors. Last year, a U.S. judge ordered the firm to produce documents about USDT’s backing as part of a lawsuit that alleged Tether conspired to manipulate the bitcoin (BTC) price with freshly minted tokens. A Wall Street Journal article reported that in the past, the company used falsified documents to get bank accounts.

Stablecoin holders, however, have flocked to USDT during this turbulent period due to its perceived safety from U.S. regulators and banks, propelling its market share to its highest level in at least 22 months.

“Tether’s rise suggests peg stability is far more important for most stablecoin holders than issuer transparency,” Conor Ryder, an analyst at digital asset research firm Kaiko, noted in a report.

A Kaiko report last month raised suspicion about what it termed USDT’s “inordinate” market cap surge because the increase was inconsistent with a plunge in trading volumes to multi-year lows. Other stablecoins’ market cap has generally correlated with trading volumes.

Paolo Ardoino, Tether’s chief technology officer, said in an interview with The Block that the difference comes from USDT’s growing use for payments predominantly in the developing world, which now accounts for about 40% of all token activity.

Merhaba arkadaşlar, bugün sizlere Prizmabet adlı bir bahis sitesinden bahsedeceğim. Prizmabet, Betconstruct altyapısı ile üyelerine kaliteli hizmetler veren ve ülkemizin önde gelen bahis sitelerinden bir tanesidir. 2009 yılında kurulan Prizmabet, lisanslı, güvenilir ve avantajlı bir site olarak dikkat çekmektedir. Prizmabet’te spor bahisleri, canlı bahisler, casino, canlı casino, slot oyunları, sanal sporlar ve daha pek çok seçenek bulabilirsiniz. Prizmabet’te oyun oynamak için aradığınız ortamı fazlası ile bulacaksınız.

Prizmabet’in en önemli özelliklerinden biri de Prizmabet TV kanalıdır. Bu kanal sayesinde bahis sitesinde bulunan müsabakaları üyeler bir ücrete katlanmadan istedikleri zaman takip edebiliyor. Böylece hem heyecanlı hem de kazançlı bir bahis deneyimi yaşayabiliyorsunuz. Prizmabet TV kanalında futbol, basketbol, tenis, voleybol gibi popüler spor dallarının yanı sıra daha az bilinen sporlara da yer verilmektedir. Prizmabet TV kanalını kullanmak için sadece siteye üye olmanız ve yatırım yapmanız yeterlidir.

Prizmabet ayrıca üyelerine bol miktarda bonus ve promosyon da sunmaktadır. Prizmabet’te ilk üyelik bonusu olarak 100 TL deneme bonusu alabilirsiniz. Bunun yanında yatırım bonusları, kayıp bonusları, arkadaş davet bonusu, doğum günü bonusu gibi farklı bonuslar da mevcuttur. Prizmabet bonusları sayesinde daha fazla oyun oynayabilir ve kazancınızı artırabilirsiniz. Prizmabet bonuslarının çevrim şartları da oldukça makul seviyededir.

Prizmabet para yatırma ve çekme işlemleri konusunda da üyelerine kolaylık sağlamaktadır. Prizmabet’te banka havalesi, kredi kartı, papara, cepbank, QR kod, bitcoin gibi farklı yöntemlerle para yatırabilir ve çekebilirsiniz. Para yatırma ve çekme işlemleri 7/24 yapılabilmekte ve kısa sürede hesaplara yansımaktadır. Prizmabet para yatırma ve çekme işlemlerinde herhangi bir komisyon veya kesinti de yapmamaktadır.

Prizmabet müşteri hizmetleri de üyelerine 7/24 canlı destek hizmeti sağlamaktadır. Prizmabet canlı destek ekibi sayesinde site ile ilgili her türlü soru, sorun veya önerinizi iletebilir ve anında çözüm bulabilirsiniz. Prizmabet canlı destek ekibi profesyonel, güler yüzlü ve yardımseverdir.

Sonuç olarak, Prizmabet ülkemizin en iyi bahis sitelerinden biri olarak gösterilebilir. Prizmabet’te hem eğlenceli hem de kazançlı bir bahis deneyimi yaşayabilirsiniz. Prizmabet’e üye olmak için güncel giriş adresini web sitemizden bulabilirsiniz. Prizmabet’e girmek için tıklayınız! Prizmabet’e katıldığınıza pişman olmayacaksınız!

‘It makes you sad’: Tourists and fishermen leave Vietnam’s Ha Long Bay covered in trash

Ha Long Bay is one of Vietnam’s most beautiful nature site. But the UNESCO world heritage site threatened by deluge of plastic waste.

Squinting in the bright light of a hot summer morning, Vu Thi Thinh perches on the edge of her small wooden boat and plucks a polystyrene block from the calm waters of Vietnam’s Ha Long Bay.

It’s not yet 9am, but a mound of styrofoam buoys, plastic bottles and beer cans sit behind her.

They are the most visible sign of the human impacts that have degraded the UNESCO World Heritage Site, famed for its brilliant turquoise waters dotted with towering rainforest-topped limestone islands.

“I feel very tired because I collect trash on the bay all day without much rest,” said Thinh, 50, who has been working for close to a decade as a trash picker.

“I have to make five to seven trips on the boat every day to collect it all.”

Waste threatens spectacular Ha Long Bay

Since the beginning of March, 10,000 cubic metres of rubbish – enough to fill four Olympic swimming pools – have been collected from the water, according to the Ha Long Bay management board.

The trash problem has been particularly acute over the past two months, as a scheme to replace styrofoam buoys at fish farms with more sustainable alternatives backfired and fishermen chucked their redundant polystyrene into the sea.

Authorities ordered 20 barges, eight boats and a team of dozens of people to launch a clean-up, state media said.

Do Tien Thanh, a conservationist at the Ha Long Bay Management Department, said the buoys were a short-term issue but admitted: “Ha Long Bay… is under pressure”.

More than seven million visitors came to visit the spectacular limestone karsts of Ha Long Bay, on Vietnam’s northeastern coast, in 2022.

Authorities hope that number will jump to eight and a half million this year.

But the site’s popularity, and the subsequent rapid growth of Ha Long City – which is now home to a cable car, amusement park, luxury hotels and thousands of new homes – have severely damaged its ecosystem.

Conservationists estimate there were originally around 234 types of coral in the bay. Now the number is around half.

There have been signs of recovery in the past decade, with coral coverage slowly increasing again and dolphins — pushed out of the bay a decade ago — coming back in small numbers, as a ban on fishing in the core parts of the heritage site expanded their food source.

But the waste, both plastic and human, is still a huge concern.

Ha Long Bay is known for its stunning natural beauty.

“There are so many big residential areas near Ha Long Bay,” said conservationist Thanh.

“The domestic waste from these areas, if not dealt with properly, greatly impacts the ecological system, which includes the coral reefs.

“Ha Long City can now handle just over 40 percent of its wastewater.”

Single-use plastic is now banned on tourist boats, and the Ha Long Bay management board says general plastic use on board is down 90 percent from its peak.

But trash generated onshore still lines parts of the beach, with a team of rubbish collectors not able to block the eyesore from tourists.

‘Plastic pollution crisis’ in Ha Long Bay

Pham Van Tu, a local resident and freelance tour guide, said he had received a lot of complaints from visitors.

“They read in the media that Ha Long Bay is beautiful, but when they saw a lot of floating trash, they didn’t want to swim or go canoeing and they hesitated to tell their friends and family to visit,” he said.

Rapid economic growth, urbanisation and changing lifestyles in communist Vietnam have led to a “plastic pollution crisis”, according to the World Bank.

A report in 2022 estimated 3.1 million tonnes of plastic waste are generated every year, with at least 10 per cent leaking into the waterways, making Vietnam one of the top five plastic polluters of the world’s oceans.

The volume of leakage could more than double by 2030, the World Bank warns.

Larissa Helfer, 21, who travelled to Vietnam from her home in Germany, said Ha Long Bay was beautiful but the trash problem would be one of her strongest memories of the trip.

“Normally you (might say) ‘Look at the view! Look at the fishing villages!” she told AFP.

But here “you have to talk about the trash, (you say) ‘oh god… look at the plastic bottles and things in the sea.’ And it makes you sad.”

Thinh, the trash collector, grew up in Ha Long and remembers a very different bay.

“It didn’t look so terrible,” she said.

“Of course, a lot of work makes me tired and irritated,” she admitted. “But we must do our work.”

Europe is home to the world’s heaviest drinkers. Which country drinks the most alcohol?

Among the 10 countries that drink the most in the world, nine are in the EU. But there are big differences between nations.

If you feel that Europeans drink a lot, your hunch is correct: people across the continent consume more alcohol than in any other part of the world.

Each year in Europe, every person aged 15 and over consumes, on average, 9.5 litres of pure alcohol, which is equivalent to around 190 litres of beer, 80 litres of wine or 24 litres of spirits.

That’s according to the 2021 European health report by the World Health Organization (WHO).

Total alcohol consumption per capita decreased by 2.5 litres (21 per cent) between 2000 and 2019 in the WHO European Region, which covers a vast geographical area of 53 countries including Russia and former Soviet states like Moldova.

But people continue to drink, especially in Western Europe. Out of the 10 countries that drink the most in the world (and adjusting for tourist consumption), nine are located in the European Union (EU).

In 2019, 8.4 per cent of the EU adult population (15 years or older) consumed alcohol every day, 28.8 per cent drank weekly, and 22.8 per cent monthly, while 26.2 per said they never consumed alcoholic drinks or hadn’t consumed any in the last 12 months.

Between EU countries, there are large differences in estimated alcohol consumption, but one trend remains prevalent: men drink more than women: 13.0 per cent of men vs. 4.1 per cent of women drink alcohol every day; 36.4 per cent of men vs. 21.7 per cent of women drink every week.

The largest gender drinking gaps are in Portugal (33.4 per cent of men drink daily vs. 9.7 per cent of women) and Spain (20.2 per cent vs. 6.1 per cent).

Which country drinks the most in Europe?

In 2019, the top 10 European countries with the highest alcohol consumption per capita were Czechia (14.3 litres), Latvia (13.2), Moldova (12.9), Germany (12.8), Lithuania (12.8), Ireland (12.7), Spain (12.7), Bulgaria (12.5), Luxembourg (12.4), and Romania (12.3).

The top 10 countries that consume the least alcohol across the WHO European Region are Tajikistan (0.9 litres), Azerbaijan (1.0), Turkey (1.8), Uzbekistan (2.6), Turkmenistan (3.1), Israel (4.4), Armenia (4.7), Kazakhstan (5.0), Albania (6.8), and North Macedonia (6.4).

It’s worth noting that most countries in this list, except for North Macedonia, Armenia and Israel, have Muslim-majority populations, for whom the consumption of alcohol is prohibited and condemned.

By contrast, within the EU, not a single country has an annual per capita consumption of fewer than five litres of pure alcohol, in fact, only five countries are below an annual per capita consumption of 10 litres: Italy (8.0), Malta (8.3 litres), Croatia (8.7), Sweden (9.0) and the Netherlands (9.7).

Europeans drink a lot, but how often?

Data shows that as people get older, their daily intake of alcohol also increases.

People aged between 15 and 24 are the smallest group in the daily drinker statistics (representing only 1 per cent), while those 75 or older are more likely to have a drink every day (16 per cent).

However, the senior group also has the biggest share of people who do not consume alcohol at all or have not consumed it in the past 12 months (40.3 per cent).

In the EU, drinking every day is most frequent in Portugal, with a fifth (20.7 per cent) of the population consuming alcohol daily, followed by Spain (13.0 per cent) and Italy (12.1 per cent). The lowest share of daily drinkers is around 1 per cent in Latvia and Lithuania.

The EU country with the biggest share of its population drinking alcohol on a weekly basis is the Netherlands (47.3 per cent), Luxembourg (43.1 per cent), and Belgium (40.8 per cent).

Croatia has the highest share of the population (38.3 per cent) saying it never consumed alcohol or has not consumed any in the last 12 months.

Across all European countries, there are clearly many more women than men staying away from alcohol.

Women are the most sober in Italy, where 46.7 per cent say they never consume alcohol or have not consumed any in the last 12 months (compared to 21.5 per cent of men). In Cyprus, that figure stands at 44.2 per cent of women vs. 12.8 per cent of men, and in Bulgaria at 42.0 per cent of women vs. 16.2 per cent of men.

Heavy drinking episodes, compared

Some EU countries have more heavy drinking episodes than others.

Heavy drinking is defined as ingesting the equivalent of more than 60 g of pure ethanol (approximately six standard alcoholic drinks) on a single occasion.

Almost one in five Europeans (19 per cent) reported having heavy drinking episodes at least once a month in 2019.

The biggest shares of adults taking part in heavy drinking episodes at least once a month were found in Denmark (38 per cent), Romania (35 per cent), Luxembourg (34 per cent), Germany (30 per cent) and Belgium (28 per cent).

Interestingly, some countries where a significant share of the population drinks alcohol every day, such as Spain and Italy, rank very low on the heavy drinking scale, with 6 per cent and 4 per cent, respectively.

Eurostat says regular risky single-occasion alcohol consumption is disproportionately more prevalent among men. Likewise, the percentage is higher among those with an upper secondary and college/university education and the highest incomes.

How much do people drink in the UK?

Because the United Kingdom left the EU in 2020, the island nation is no longer included in Eurostat data.

However, British people have a reputation for being heavy drinkers. So, how do their drinking habits compare with the EU?

According to Drinkaware, an independent charity which produces yearly reports about alcohol consumption in the UK, 57 per cent of British men, and 47 per cent of women, consumed alcohol at least weekly in 2020.

The average, 52 per cent, is over 23 percentage points higher than the average share of Europeans (28.8 per cent) who reported drinking once a week in 2019.

Fourteen per cent report never drinking (vs. 26.2 per cent in the EU).

How many drinks are safe?

There is no safe level of drinking, according to the WHO. And not drinking alcohol is the only way to avoid its damaging effects.

However, governments have issued guidance on low-risk consumption.

Canadians, for example, were recently told by the National Centre on Substance Use and Addiction to limit themselves to just two drinks a week. That’s a dramatic cut from the previous recommendation that allowed 10 drinks a week for women and 15 drinks a week for men.

Europe is more permissive than Canada, and the guidelines are relatively similar from one EU country to the next.

Belgium, for example, says the limit is 21 standard glasses per week for a man and 14 for a woman, whether these are half-pints of beer or small glasses of wine.

Ireland, however, advises a maximum of 17 standard weekly drinks for men and 11 for women.

Bulgaria and the Netherlands say the daily recommended limit is either one glass of wine, one beer or 50 ml of spirits.

Germany says the maximum tolerated daily dose for men is 24 g of alcohol, which is equivalent to either 500 ml of beer (one pint), 250 ml of wine (a large glass of wine), or 60 ml of liquor. Women are advised to drink half as much.

Estonia recommends at least three alcohol-free days per week, and not saving up on daily alcohol intake to then only binge later on.

Luxembourg and Cyprus advise favouring wine and beer over spirits. Norway says alcohol should not exceed 5 per cent of your total caloric intake.

The UK’s NHS recommends drinking no more than 14 units of alcohol a week, spread across three days or more. That’s equivalent to around six medium-sized (175-ml) glasses of wine, or six pints of beer with 4 per cent alcohol content.

Because women have less body water than men of similar body weight, they absorb and metabolise alcohol differently. This means that, in general, women have higher concentrations of alcohol in the blood after drinking equivalent amounts of alcohol.

The deadly toll of alcohol

The WHO links alcohol to 30 per cent of deaths from unintentional injuries, such as drowning and road traffic accidents, and to 39 per cent of deaths from intentional injuries, such as suicide and homicide.

Drinking is also associated with unsafe psychological and social consequences, including initiating young adults into other substances and unprotected sex, which ultimately play a role in the transmission of diseases, such as HIV and viral hepatitis.

The WHO estimates that alcohol causes almost 1 million deaths annually across the WHO European Region, and 3 million deaths worldwide.