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French Interior Minister Gerald Darmanin and UK Home Secretary Suella Braverman sign a joint declaration on migrants in Paris.

Thomas Samson/Pool via REUTERS

Hard Numbers: UK-France migration deal, Amazon layoffs, Gabon's carbon credit mega-sale, North Korean crypto windfall, Lake's loss

8 million: The UK will pay France 8 million pounds ($9.4 million) more per year to beef up patrols to stop migrants on small boats from crossing the English Channel to reach British shores. London and Paris have long tussled over how to combat the human-trafficking gangs that control the route, while tens of thousands of asylum-seekers wait years to get their applications processed.

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Representation of Ethereum, with its native cryptocurrency ether.

Reuters

Hard Numbers: Crypto upgrade, Angolan inauguration, Iran’s SCO bid, soaring US mortgage rates, enthusiasm for omicron boosters

99: Ethereum, the world's no. 2 cryptocurrency after Bitcoin, successfully completed a long-awaited software upgrade that will reduce carbon emissions linked to its mining by 99%. Crypto fans hope “the merge” will help get environmentalists off their backs and end the crypto price slump they’ve suffered since May.

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Much Ado About Crypto | GZERO World

Crypto fans ignore its ups and downs

In the past few weeks, the value of cryptocurrencies has been slashed by half over fear, uncertainty, and doubt (aka FUD) of US interest rate hikes and new regulation.

That means NYC Mayor Eric Adams, NFL quarterback Aaron Rodgers and basketball star Klay Thompson all face pay cuts because they get their salaries in crypto.

Yet, the crypto bros out there have not lost faith.

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Do unregulated cryptocurrencies undermine US sanctions? | Cyber In :60 | GZERO Media

Do cryptocurrencies undermine US sanctions?

Marietje Schaake, International Policy Director at Stanford's Cyber Policy Center, Eurasia Group senior advisor and former MEP, discusses trends in big tech, privacy protection and cyberspace:

Do cryptocurrencies make it harder to enforce foreign policy sanctions?

Well, that is exactly what the Biden administration worries about. As part of growing concerns of whether unregulated currencies undermine a whole host of policies, sanctions and foreign or trade policy should be a priority area. And just like others who wish to evade tracing of their wealth or transactions, the very states or their sanctioned entities should be assumed to resort to all options to evade restrictions while continuing to do business. So having cryptocurrencies undermining the ability to enforce strategic goals logically raises eyebrows in Washington.

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Is a Huawei Ban Possible in Brazil? | Poly Network Cryptocurrency Heist | Cyber In :60 | GZERO Media

Is a Huawei ban possible in Brazil? Poly Network cryptocurrency heist

Marietje Schaake, International Policy Director at Stanford's Cyber Policy Center, Eurasia Group senior advisor and former MEP, discusses trends in big tech, privacy protection and cyberspace:

The US warned Brazil about China's Huawei equipment in its 5G telecoms network. Would it be possible to ban Huawei in Brazil?

Now in theory, yes, but in practice, that will be very difficult. If not Huawei, the Brazilian mobile network infrastructure is largely sourced from China, and China is the country's most important trade partner overall. But as always, much depends on political leadership. President Bolsonaro, after all, did go along with President Trump in opposing Huawei while he was facing pushback for that decision at home. So the lesson to learn is that it is easier to prevent risky 5G telecoms equipment to come into the country than to cure when it's already there.

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TITLE PLACEHOLDER | Cyber In :60 | GZERO Media

Bitcoin's volatility may dim its appeal; China's crypto crackdown

Marietje Schaake, International Policy Director at Stanford's Cyber Policy Center, Eurasia Group senior advisor and former MEP, discusses trends in big tech, privacy protection and cyberspace:

Should Bitcoin enthusiasts be alarmed at its plunging value?

Well, I can only imagine it makes them a little less enthusiastic, although the value of Bitcoin is still a lot higher than it was a year ago. So I guess the level of concern much depends on when the enthusiasts started to invest in this volatile currency, which is also seeing more and more regulations coming its way. So if people choose to get out now, it further pushes down the value and so on. I'll be watching what happens next.

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Ian Bremmer: Bukele's Bitcoin Gamble in El Salvador | Quick Take | GZERO Media

Bukele's Bitcoin gamble in El Salvador

Ian Bremmer's Quick Take:

Hi everybody. Ian Bremmer here, kicking off your week with a Quick Take. Hope everyone's doing well. I thought I would talk about El Salvador, a surprising amount of news coming out of this comparatively small country.

First of all, you've got a president who's been in power now for about a year, Nayib Bukele, he's all of 39 years old and 90% approval ratings, pretty consistent over the last year. And in part, that's because there's been massive violence and huge economic problems and extraordinary corruption in the country. And this is a guy who was a former advertising executive, he was a local mayor, and ran with a lot of charisma, with of course, an enormous amount of social media savvy. In fact, if you follow him on social media, he kind of styles himself the Elon Musk of the Northern Triangle, which is not really a great thing I grant you. The Northern Triangle is like El Salvador, Honduras, and Guatemala. And I mean, I guess if there is one such person that has to be Elon Musk, he's the guy.

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Coinbase Is First Major Cryptocurrency Company To Go Public | Cyber In :60 | GZERO Media

What is Coinbase, the first major cryptocurrency company to go public?

Marietje Schaake, International Policy Director at Stanford's Cyber Policy Center, Eurasia Group senior advisor and former MEP, discusses trends in big tech, privacy protection and cyberspace:

What is Coinbase and why is it such a big deal that it's going public?

Now, Coinbase runs the US's largest cryptocurrency exchange and holds tens of billions of dollars' worth of bitcoins. When it went public on Wednesday, it was the first major cryptocurrency company to do so.

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