UK to Establish Comprehensive Crypto Regulatory Framework by 2025
The UK government announces plans to introduce a wide-ranging regulatory framework for the crypto sector, including cryptocurrency and stablecoins, by early 2025.
Max Carter
In a breakthrough that could revolutionize the fight against climate change, startup SpiralWave has unveiled a groundbreaking technology that converts carbon dioxide into methanol with unprecedented efficiency. The innovative system, showcased at TechCrunch Disrupt, uses plasma waves to break down CO2 into methanol, a versatile hydrocarbon that can be used as fuel, refined into jet fuel, or utilized in various industries.
SpiralWave's co-founder and CEO Abed Bukhari demonstrated the technology, which harnesses the power of microwaves to ignite plasma waves that target specific molecular bonds, driving a cascade of chemical reactions. This process achieves an impressive 75-90% efficiency in converting electrical energy into chemical energy stored in methanol, outperforming existing methods.
The startup's mission is to tackle the pressing issue of carbon pollution, with plans to deploy larger devices capable of removing gigatons of CO2 annually. SpiralWave has already raised $1 million in funding and is working towards replicating its technology in shipping containers for customer sites, with ambitions to create the largest e-methanol plant to date.
This pioneering technology has far-reaching implications for the clean energy sector, offering a promising solution to mitigate climate change and providing a flexible energy source for various industries. As the world continues to grapple with the challenges of carbon emissions, SpiralWave's innovation is a beacon of hope for a more sustainable future.
The UK government announces plans to introduce a wide-ranging regulatory framework for the crypto sector, including cryptocurrency and stablecoins, by early 2025.
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