{"id":611271,"date":"2023-12-04T00:00:00","date_gmt":"2023-12-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/04\/is-crypto-witnessing-a-resurgence-plus-white-hydrogen-could-be-powering-our-lives-soon\/"},"modified":"2023-12-04T00:00:00","modified_gmt":"2023-12-04T00:00:00","slug":"is-crypto-witnessing-a-resurgence-plus-white-hydrogen-could-be-powering-our-lives-soon","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/04\/is-crypto-witnessing-a-resurgence-plus-white-hydrogen-could-be-powering-our-lives-soon\/","title":{"rendered":"Is crypto witnessing a resurgence? Plus: White hydrogen could be powering our lives soon"},"content":{"rendered":"

BTC hit a 19-month high even as two CEOs are found guilty of money<\/strong> laundering USD bns.<\/strong> Starting out at USD 16.4k at the beginning of 2023, the currency hit USD 41.5k this morning at its peak before cooling down to USD 40.9, CNBC<\/a> reports, citing Coin Metrics data.<\/p>\n

The currency is up 145% year-to-date<\/strong>, which CNBC<\/a> suggests is partially fueled by market expectations that the US Securities and Exchange Commission (SEC) will approve a BTC exchange-traded fund<\/a>. The SEC had initially blocked the conversion of bitcoin into an exchange-traded fund, but Grayscale, the largest crypto asset manager, challenged that decision in court and won<\/a>.<\/p>\n

This comes hot on the heels of three major scandals in the span of 13 months. <\/strong>The collapse of FTX in November 2022 kicked off the dethroning of two crypto kings: Sam Bankman-Fried being found guilty<\/a> of seven counts of criminal fraud that cost customers USD 8 bn, and Binance CEO, Changpeng Zhao (known as CZ), pleaded guilty<\/a> to money laundering, agreeing to pay a USD 4.3 bn settlement to the US government, and completely exit the US.<\/p>\n

The continual rise doesn\u2019t come as a surprise.<\/strong> While the trials of Bankman-Fried and CZ may have shattered trust in the once seemingly dependable image of monkish tech gurus, crypto bros chose to believe that FTX\u2019s disintegration, the USD 8 bn in missing assets<\/a>, and rife corporate crime were anomalies, doubling down on reinvesting.<\/p>\n

\n

\n

France\u2019s Lorraine has been sitting on a treasure trove of the \u201cfuel of the future\u201d:<\/strong>Scientists found an estimated amount of 260 mn tonnes of white hydrogen buried deep underground in the rocky soil of Lorraine, in northeastern France, reports The New York Times<\/a>. <\/p>\n

More drilling in Lorraine can begin in 2024, if things move smoothly. <\/strong>An advanced probe intends to be used to withdraw samples from the source that is roughly 2.9 km under the surface to determine the size of the white hydrogen pocket. The hope is that natural hydrogen can be extracted in 2027 or 2028. <\/p>\n

White hydrogen is a naturally occuring form of hydrogen renowned for its purity and ability to burn cleanly,<\/strong> releasing only water as a byproduct<\/strong>, as opposed to other forms of hydrogen, which require some sort of chemical process (whether electrolysis or steam reforming) to create the energy source.<\/p>\n

This clean energy source isn\u2019t new, by the way. <\/strong>It was first discovered in 1987<\/a> in a small village in Mali, when a worker accidentally set fire to a water well by lighting a cigarette over it. The well was found to contain natural hydrogen which was then used to power shops and homes.<\/p>\n

The newfound interest in natural hydrogen extends beyond France:<\/strong> Reserves have been detected in various parts of the world, including the US, Australia, Africa, Russia, and Europe. <\/p>\n","protected":false},"excerpt":{"rendered":"

Two CEOs accused of money laundering hasn\u2019t dampened the bullish run of the cryptocurrency this year<\/p>\n","protected":false},"author":1,"featured_media":611272,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7215],"tags":[7286,8882,633,638,819,11832],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-611271","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-your-commute","tag-climate","tag-crypto","tag-enterprisepm","tag-for-your-commute","tag-fuel","tag-hydrogen","wpautop","entry"],"acf":{"mongo_id":"cdd48a75-e225-4f50-9d7f-f7be7dbd162c","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/12\/178.jpg","photo_position":"below","homepage_title":"","full_issue_title":"","related_issue":[611266],"teaser":"Two CEOs accused of money laundering hasn\u2019t dampened the bullish run of the cryptocurrency this year","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/12\/.07549aa5-0cc8-4abb-845f-4f45868061ae.mp3"},"yoast_head":"\nIs crypto witnessing a resurgence? 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Electric Hydrogen raised the funds via a mixture of equity and venture debt, attracting the attention of US VCs Fifth\u2026","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/6\/492.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":554350,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/01\/your-lattes-are-going-to-get-pricier-hyundai-opts-for-hydrogen-over-evs-also-steel-needs-serious-bucks-to-eliminate-emissions\/","url_meta":{"origin":611271,"position":1},"title":"Your lattes are going to get pricier + Hyundai opts for hydrogen over EVs + ALSO: Steel needs serious bucks to eliminate emissions","author":"enterpriseam admin","date":"1 December 2021","format":false,"excerpt":"Your mochaccino-latte is about to get more expensive: Global supply constraints coupled with trouble brewing in major exporting regions has brought coffee prices to a 10-year high, with analysts forecasting that tightness could last well until 2023, reports CNBC. Coffee futures are now at USD 2.34 per pound after rising\u2026","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/555.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":562400,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/23\/crypto-markets-wild-gyrations-hit-other-asset-classes\/","url_meta":{"origin":611271,"position":2},"title":"Crypto markets\u2019 wild gyrations hit other asset classes","author":"enterpriseam admin","date":"23 May 2021","format":false,"excerpt":"Wall Street was mixed on Friday, with the S&P closing flat to turn in its first back-to-back weekly decline since February, the Nasdaq inching down 0.5% and the Dow advancing 0.4% thanks to a jump in Boeing shares, CNBC reportsBTC chaos ripples across financial markets: A violent week in the\u2026","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":554473,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/09\/the-pandemic-is-going-to-turn-the-rich-into-a-troupe-of-scrooge-mcducks-visa-delves-deeper-into-crypto\/","url_meta":{"origin":611271,"position":3},"title":"The pandemic is going to turn the rich into a troupe of Scrooge McDucks + Visa delves deeper into crypto","author":"enterpriseam admin","date":"9 December 2021","format":false,"excerpt":"The pandemic continues to make the rich even richer, with the top 0.01% of individuals now holding 11% of the world\u2019s wealth, according to the World Inequality Report 2022, recording the steepest increase in bn\u2019aires share of wealth on record. The report showed that bn\u2019aires own 3.5% of global household\u2026","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/617.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":587211,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/23\/this-evening-china-energy-could-soon-sign-a-framework-agreement-for-usd-7-bn-green-hydrogen-project\/","url_meta":{"origin":611271,"position":4},"title":"THIS EVENING: China Energy could soon sign a framework agreement for USD 7 bn green hydrogen project","author":"enterpriseam admin","date":"23 May 2023","format":false,"excerpt":"Good afternoon, friends, and happy hump day. We have another slow day so far here in Omm El Donia \u2014 although what started out as slow yesterday turned into a relatively brisk news cycle. THE BIG STORY TODAY China Energy moving forward with green hydrogen project: China Energy is expected\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/4\/371.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":552002,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/04\/ceos-are-taking-a-harder-line-netflix-is-figuring-out-how-to-enter-the-ad-supported-space\/","url_meta":{"origin":611271,"position":5},"title":"CEOs are taking a harder line + Netflix is figuring out how to enter the ad-supported space","author":"enterpriseam admin","date":"4 August 2022","format":false,"excerpt":"You may be used to having your streaming experience interrupted with ads, but Netflix is still getting its head around the ad world: The streaming giant is being forced to contend with an ad-supported subscription after weathering two consecutive quarters of subscriber losses and losing roughly two-thirds of its stock\u2026","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/493.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/611271","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=611271"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/611271\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/611266"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/611272"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=611271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=611271"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=611271"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=611271"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=611271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}