September 5, 2022 - l'Européenne de Bruxelles

DeFi is a monetary enemy #1, according to FRS

September 5, 2022September 5, 2022 2198 views

Blockchain has been one of the biggest technological developments of recent years, but like any other new technology, it does not come without risks. the Federal Reserve conducted research on the risks that cryptocurrencies may pose in the future. In the study ‘Decentralized Finance (DeFi): Transformative Potential & Associated Risks’, the US central bank explains how Decentralized Finance (DeFi) but also ‘CeFi’ can still pose a major risk in the future. Companies trading in crypto-assets but not traditional financial institutions fall under the category of Centralized Finance (CeFi). In recent…

Gas prices soar again due to Russian pipeline maintenance

September 5, 2022 2198 views

The European gas price has risen sharply again with the opening of the gas market. At the TTF gas exchange, the gas price rose by just over 30 percent to 277 euros per MWh at the opening, before falling slightly to around 260 euros per MWh. Reason: the Nord Stream 1 gas pipeline between Russia and Europe remains closed longer. That is the main gas connection between Russia and Western Europe. The gas tap would initially shut down for a few days for maintenance, Gazprom reported last week. At the…

Liz Truss succeeds Boris Johnson as party leader and British Prime Minister

September 5, 2022 2198 views

Liz Truss becomes the new leader of the British Conservative Party, succeeding Boris Johnson as prime minister of the United Kingdom. She managed to retain a majority of the party’s nearly 200,000 members. Truss ‘ competitor, former finance minister Rishi Sunak, was defeated in the internal leadership election. He received 60,000 votes; Truss was voted for by 81,000 members, more than 57 percent of the total. In a speech following the announcement of the results, Truss thanked, among others, the dissenting prime minister Johnson, whom she called a friend. She…

Water level of major rivers falls again after short upswing

September 5, 2022 2198 views

The water level in the major rivers is falling again this week, after there have been two small discharge peaks. The Rhine at Lobith drains almost 883 cubic meters of water per second on Monday. Rijkswaterstaat expects the discharge this week to drop to around 800 cubic meters per second or even below that, depending on the rain that may fall. Such low drains have almost never occurred. Therefore, many restrictions continue to apply to commercial shipping. Due to heavy showers in Switzerland and Germany, in the Rhine Basin, the…