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Contagion of the financial system with crypto-collapse can easily appear



Contagion of the financial system with crypto-collapse can easily appear

European Central Bank (ECB) President Christine Lagarde warned this Thursday that while the contamination of the conventional financial market by the crypto “crash” is still “small,” vigilance should not be let down, as the interplay between both systems could increase risk at any time.

After peaking in November 2021, the price of bitcoin has fallen by almost 75% in a year. Last month we witnessed the chaotic collapse of FTX,” the French leader began.

“While the impact of these episodes has been contained so far, systemic risk could easily emerge with increased interconnections between the crypto ecosystem and the traditional financial system,” the head of the ECB emphasized at the opening of the sixth European Systemic Risk Conference. board . Lagarde’s remarks came after warnings from several ECB officials at the European Central Bank, including Italy’s Governor Fabio Panetta, who warned of the dangers of crypto assets and that the market could become a “bubble.”

“Politicians, including macroprudential bodies, should carefully evaluate whether and how the crypto ecosystem should be regulated,” Lagarde said, emphasizing the “avant-garde” role of Europe, which is in the final stages of the legislative process for regulating crypto assets (in the English acronym MiCA).

The official believes that the rapid implementation of MiCA is necessary to “fill in the gaps to provide a consistent framework for the issuance of crypto assets and the provision of services in the EU.”

However, the current regulation is “just a first step,” he notes. “In terms of financial stability, regulation can be strengthened on several fronts,” says the former French finance minister.

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The President of the ECB stressed the need for regulation to “remove the risk of interconnections”. [entre ecossistema cripto e sistema financeiro tradicional]by providing crypto assets to financial institutions.”

Lagarde did not forget about decentralized finance (DeFi) and crypto-backed loans, which are still outside the MiCA, and reminded that this oversight should be “accompanied by clarity in the regulation of lending and staking activities.”

Banks must provide reserves
However, the crypto ecosystem is not the only risk to European finance. Lagarde also took advantage of her speech to talk about the impact of the “worsening economic outlook” on banking and left a message.

“It remains important for banks to secure adequate reserves and plan prudently [a gestão] at its own expense,” said the President of the ECB.

He added that banks “should be mindful of credit risk and remain vigilant about possible failures of internal models as the risk environment grows.”

(News updated at 12:59).

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Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners



Everything has been delivered.  10 Bugatti Centodieci are already in the hands of the owners

OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.

“The Centodieci combines all the values ​​of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.

This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.

This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.

Recall that each unit costs the owners eight million euros before taxes.

Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.

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The first Dacia hybrid. “The cheapest hybrid family on the market”



The first Dacia hybrid.  "The cheapest hybrid family on the market"

BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.

The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.

The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”

Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.

Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.

Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.

Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…

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See how Tesla tests its electric Semi truck in the worst-case scenarios



Tesla Semi camião elétrico testes

Tesla has finally been able to bring its long-awaited Semi to market. This electric truck promises to revolutionize transportation and bring all the unique characteristics of this type of electric vehicle to this class of vehicles.

Now that the first units have been delivered, there is hope that they will finally be mass-produced and reach more transport companies. With so many promises to be kept, a new video is now emerging showing Tesla testing its Semi truck under worst-case scenarios.

Tesla Semi is already on the market

Like all Tesla electric vehicles, Semi follows the same line of creating a unique design associated with a platform with the most modern technology available. The proof is in what was presented to the public and surprised most people.

To prove the quality of this new proposal, Tesla published in your LinkedIn account new video. In it, he reveals some of the testing he's done to determine the strength and quality of the Semi's design and its (potential) durability.

Tests to prove its durability

It has been revealed that the Tesla electric truck is subjected to numerous tests and its application in the worst scenarios that drivers may face. It doesn't stop at the ruggedness of the Semi's designs, but goes further and focuses on the motors and batteries themselves.

This is the proof that many have been waiting for to ensure that this new proposal is not limited to a lot of autonomy. Its resistance is great and will provide greater durability, further enhancing the Semi's value and performance.

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high quality electric truck

Tesla has already showcased the Semi's quality with a video showing its truck driving roughly 500 miles on just one charge. The big news here is that he managed to make this long journey with a maximum load of about 37 tons.

Now Tesla remains to widely place the Semi on the market. At the moment, only a few companies have access to this new product, with a very long list of pending deliveries, who want to start mass-using this electric truck offering.

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