for his bribery conviction, allowing him to return to running the company. plus, a show of support: mcdonald s says it will reopen in ukraine where it is safe to do so to help restore a small, but important sense of normalcy. we start here in the uk where energy company bosses have been holding talks in downing street with prime minister borisjohnson and chancellor nadhim zahawi as concern grows about soaring bills. the annual energy bill for a typical household is set to top £4,000 a year from january that s over double what it is now. mrjohnson says the companies have been urged to help, but it s thought no firm decisions will be taken until a new prime minister is in place next month. our business correspondent caroline davies has more. ifind it quite i find it quite degrading to live in this situation. there is little left live in this situation. there is little left in live in this situation. there is little left in dallas s - live in this situation. there is litt
Crypto Lenders Caused Crypto Contagion Last Year How Is the Industry Rebuilding?
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this is bbc news. the latest headlines: wildfires, record temperatures and drought: europe s stifling summer heatwave continues with no sign of stopping. donald trump says he won t stand in the way of the release of any documents seized in the fbi search of his home. this week, digital currency exchange coinbase revealed the extent of the damage to investor confidence done by the huge sell off in cryptocurrencies from their peak, last year. it said crypto trading by institutions was down by almost half in the three months tojune, and trading by retail investors slumped even more, down more than two thirds or 68% in the same period. but there s no question digital currencies will be part of our economic future. central banks are looking seriously at issuing their own digital money the frontrunner, china, is already testing a digital yuan in major cities. katharine wooller is uk managing director of the crypto wealth management
platform, dacxi. thank platform, dacxi. you for being with us. tell thank you for being with us. tell us a bit more about cbbc and how it is from crypto currencies. from cdbc. crypto currencies are typically decentralised, so central bank digital currencies are a bit of a mouthful, way central bank looks to create a token to represent their currency, to rather than having coins or notes or alongside traditional fiat currency, there is a crypto version, which is really exciting. it is a very new technology. exciting. it is a very new technology- exciting. it is a very new technology. exciting. it is a very new technolo . :: , ., technology. 105 countries are considering technology. 105 countries are considering these technology. 105 countries are considering these with - technology. 105 countries are considering these with 50 - considering these with 50 already in development. why, what is so appealing about them? , ., , , them? yes. yeah, sure, so they are quicker. them? yes.
people can be a little bit emotional, you build a bit of a relationship to the past really. some people are quite nostalgic and proud about their currency, also from a crypto perspective there are a few people in crypto industries who feel it is a little bit against the initial vibe of chris of crypto. people felt it was decentralised. to see it used for centralised finance is probably a bit of a deviation from what crypto was originally created for. created for. really interesting. - created for. really interesting. thank| created for. really - interesting. thank you for created for. really interesting. thank you for your thoughts. this weekend sees the final race of the formula e season in the south korean capital seoul. it s a milestone for the electric car racing series the seoul event is the 100th race since formula e was launched, around a decade ago. it attracted a record 316 million viewers last season. but, despite that, some big names in the car industry have failed t
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