• The article explains the effects of global warming on human health and environment.
• It discusses how global warming is linked to extreme weather events, air pollution, vector-borne diseases, and water scarcity.
• It also looks at how these issues can be addressed by reducing emissions from fossil fuels and investing in renewable energy sources.
This article examines the impacts of global warming on human health and the environment. It explores how rising temperatures are linked to increased risk of extreme weather events, air pollution, vector-borne diseases, and water scarcity. Additionally, it looks at potential solutions for addressing these issues.
Extreme Weather Events
The increased temperatures caused by global warming make extreme weather events more likely to occur. This can include heat waves which can lead to heat-related illnesses or even fatalities in vulnerable populations such as young children and elderly adults. Rising sea levels due to melting ice caps also increase the risk of flooding in coastal areas. In addition, higher temperatures contribute to an increase in hurricane intensity which can cause extensive damage and loss of life when they make landfall.
As temperatures continue to rise due to global warming, air quality can suffer due to an increase in ground-level ozone concentrations caused by chemical reactions between pollutants emitted from vehicles and other sources with sunlight. This type of air pollution has been linked to a range of adverse health effects including asthma attacks, respiratory illness, heart disease, and even premature death.
Rising temperatures associated with climate change also have implications for vector-borne diseases such as malaria and dengue fever that are transmitted by mosquitoes or ticks which thrive in warmer climates where they carry infectious pathogens which cause severe illness or death in humans when bitten by an infected insect.
Climate change is leading to more frequent droughts in certain regions resulting in water shortages for both drinking water needs as well as agricultural irrigation needs leading to decreased crop yields which can result in famine conditions for those affected communities if not addressed quickly enough through emergency relief efforts or long term sustainable development strategies .
Solutions h2 >
Reducing emissions from fossil fuels through renewable energy investments has been identified as one way of addressing some of the negative impacts associated with climate change mentioned above . Other initiatives such as preserving natural habitats , restoring degraded ecosystems , and improving access clean drinking water may help mitigate some of the effects already being felt worldwide .
BUSD Drama Sets Stage for Stablecoin Market Reshuffling
- Paxos, the issuer of Binance USD (BUSD) stablecoin, has burned more than $700 million of BUSD tokens since Monday when it announced to stop issuing the cryptocurrency amid mounting regulatory pressure.
- The uncertain future for embattled BUSD is stirring discord in the dollar-pegged crypto markets that one analyst says could accelerate into a dramatic reshuffling of the sector’s big winners and losers.
- Outbound transfers of coins such as USDC and USDT on the Ethereum blockchain have outpaced deposits for nine consecutive days, according to data from Nansen.
Regulatory Pressure Causes Burn of BUSD Tokens
On Monday, Paxos, issuer of the $16 billion Binance USD (BUSD) stablecoin, announced they would cease minting new tranches of their cryptocurrency due to mounting regulatory pressure. Blockchain data shows that since then, Paxos has already burned more than $700 million worth of BUSD tokens. Jesse Austin Campbell, Former Paxos Head of Portfolio Management and Columbia Business School Adjunct Professor discussed his outlook for the stablecoin market and crypto regulation.
Impact on Dollar-Pegged Crypto Markets
The uncertain future for embattled stablecoin Binance USD (BUSD) is stirring discord in the dollar-pegged crypto markets that one analyst says could accelerate into a dramatic reshuffling of the sector’s big winners and losers. With regulators this week forcing Paxos to stop issuing new coins, there is an opening for Circle’s USDC and Tether’s USDT to take advantage with market makers potentially favoring these coins over BUSD.
Outbound Transfers Outpacing Deposits
Traders continue to move stablecoins off centralized exchanges as outbound transfers have outpaced deposits in Ethereum blockchain based coins such as USDC and USDT for 9 consecutive days according to data from Nansen. This suggests traders are increasingly looking towards DeFi products instead as wallets associated with decentralized exchanges show large inflows during that same timeframe according to Messari researcher Ryan Watkins.
Potential Revamping Ahead?
Kaiko researcher Conor Ryder predicts that Tether’s USDT will likely be the short-term winner in this situation as it becomes favored by market makers over BUSD. However if traders decide against using centralized exchanges altogether then we could see a revamping of who’s winning in crypto’s dollar-pegged token markets with more attention being paid towards DeFi projects.
• Kraken agreed to shutter its US crypto-staking operations and pay $30 million to settle SEC charges.
• The SEC met in a closed-door session on Thursday and an announcement may come later in the day.
• Kraken’s staking service offered a 20% APY, promising to send customers staking rewards twice per week.
Kraken Agrees to Shutter US Crypto-Staking Operations
The Securities and Exchange Commission (SEC) announced that crypto exchange Kraken will “immediately” end its crypto staking-as-a-service platform for U.S. customers and pay $30 million to settle charges it offered unregistered securities.
Closed Door Session with SEC
The SEC is meeting in a closed-door session on Thursday to discuss the settlement, though an announcement may come later in the day. The vote comes a day after Coinbase CEO Brian Armstrong publicly discussed the need for more clarity from regulatory bodies like the SEC.
Kraken Staking Services for US Customers
Kraken offers numerous services under its staking umbrella, including a crypto-lending product offering up to 24% yield which is also expected to shut down under the settlement terms. It’s website states that Kraken’s staking service offered a 20% APY, promising customers staking rewards twice per week.
Implications of Settlement for Crypto Regulation
CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the details of the settlement and possible implications for further regulation of cryptocurrencies by regulatory bodies like the SEC.
Background Information on Case
Bloomberg reported that Kraken was close to settling with the SEC over offering unregistered securities prior to Thursday’s vote on the matter by commissioners at their closed-door meeting
• Bittrex, a Seattle-based cryptocurrency exchange, announced that it is reducing its staff by more than 80 people due to the current market conditions.
• CEO Richie Lai cited the “new economic environment” as the primary reason for the cuts.
• This follows other crypto exchanges like Gemini and Coinbase who have also recently announced layoffs in response to sharp declines in cryptocurrency prices and the collapse of certain firms.
Bittrex Announces Layoffs
Seattle-based cryptocurrency exchange Bittrex has confirmed that it will be reducing its staff by more than 80 people due to current market conditions. According to an email from CEO Richie Lai, the team had been attempting to reduce expenses and increase efficiencies but were unsuccessful due to the “market downturn triggered by multiple failures in the crypto ecosystem.”
Impact of Market Conditions
The new economic environment caused by these recent events has forced Bittrex to reset its strategy and balance investments accordingly. Layoffs have affected at least some employees in most departments across Bittrex. This news follows other crypto exchanges such as Gemini and Coinbase who also recently announced layoffs in response to sharp declines in cryptocurrency prices and the collapse of certain firms.
Crypto Industry Job Losses
CoinDesk estimates that since April more than 29,000 jobs have been lost across the crypto industry based on media reports and press releases. These job losses are likely due to businesses struggling with revenue losses caused by bearish market trends within this sector throughout 2020.
Changes Going Forward
Going forward, Bittrex will continue looking for ways to reduce costs while also finding new opportunities for growth despite difficult market conditions. The company will also remain committed to providing customers with secure trading experiences along with innovative products for users worldwide.
Overall, Bittrex’s decision reflects similar decisions across many companies within this sector as they all attempt to adjust their strategies according to new economic environments brought on by widespread changes within this industry during 2020.