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UAE Presidents Foreign Policy Advisor: The UAE is exercising restraint and seeking a way out for Iran and the region.The UAE presidents foreign policy advisor said Irans accusations against the UAE are "part of its unwise and chaotic policy."On March 15, S&P Global Ratings affirmed Saudi Arabias sovereign credit rating, adding that despite disruptions, non-oil growth momentum and related non-oil revenues should help support the economy. S&P stated that Saudi Arabia should be able to withstand the impact of the current conflict with Iran. S&P noted that the country should be able to shift oil exports to the Red Sea, utilize its vast oil storage capacity, and increase oil production post-conflict. The Saudi government should also be able to adjust investment spending related to "Vision 2030," a strategic framework launched by the country in 2016.On March 15th, Matt Reed, Vice President of the geopolitical and energy consultancy Foreign Reports, stated that an attack on Kharg Island could trigger Iranian retaliation against Gulf oil-producing countries. He said, "Iran will retaliate in kind." The United States warned on Friday that if Iran continues to block the Strait of Hormuz, Kharg Islands oil facilities could become the next target. Reed warned that the longer the conflict continues, the harder it will be to find alternative energy supplies. "At least 10 million barrels of oil are trapped in the Gulf every day, plus more than 4 million barrels of refined petroleum products and tens of billions of cubic feet of liquefied natural gas, with no easy alternatives." The International Energy Agency has announced the largest emergency oil reserve release in history, with 32 member countries planning to release approximately 400 million barrels of oil. However, Reed believes this measure will have limited effect, stating, "By the time the oil gets to the market, it may be too little, too late." He described it as nothing more than a "band-aid."On March 15th, local time, the Iranian Islamic Revolutionary Guard Corps issued a statement saying that in the past 48 hours, the US and Israel had launched attacks on several civilian industrial facilities in Iran, resulting in the deaths of several workers. The statement said that after setbacks in its confrontation with Iran, the US and Israel have turned to attacking non-military industrial facilities. Iran warned that US companies in the region should withdraw from their facilities and urged nearby residents to stay away from industrial areas with US capital involvement to avoid potential attacks.

Dear ADA Crypto Fans, Mark Your Calendars for Sept. 22

Cory Russell

Sep 19, 2022 14:56

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In the cryptocurrency industry, there is growing expectation after yesterday night's merger of Ethereum (ETH-USD). There is a lot to be thrilled about for Cardano (ADA-USD) and the ADA cryptocurrency investors, in fact. This is due to Cardano's network being the next to undergo a significant upgrade.


There is now a confirmed date for the much awaited Vasil hard fork, which was previously planned for June. It's interesting that this launch has been set for September 22 by the Cardano devs. According to recent sources, this date is official. Given that this update has been delayed, which has some members of the Cardano community worried, that's wonderful for investors.


Building on the Ethereum Merge's success, it seems investors are becoming more optimistic about this update. Cardano had a spike when Ethereum successfully integrated its mainnet with its proof-of-stake Beacon Chain, although now trading slightly lower.


Maybe the Cardano development team chose September as the launch month to capitalize on the enthusiasm created by Ethereum's success. Or maybe this improvement has been put off for too long and is now ready to be implemented. In any event, there is a lot of curiosity around this hard fork.


Let's explore Cardano's plans and what they entail for investors.

Is It Time to Buy ADA Cryptocurrency?

This Vasil hard fork seems prepared to start. Similar to the Ethereum Merge, this significant improvement has undergone extensive preparation. And similar to the Ethereum merger, some ardent Cardano supporters have expressed frustration about delays.


Despite this, many believe that Cardano's decision to take its time with this significant update is beneficial. The network should benefit from the scalability improvements and possible transaction price reductions. However, if they are carried out improperly, more harm than benefit might result.


Input Output (IOG), Cardano's blockchain development lab, said that successful and thorough testing has brought them to this point. They believe they are prepared to launch, and September 22 seems like a sufficient amount of time to iron out all the details.


Cardano will undoubtedly be an intriguing token to follow from here. Although volatility may continue, I believe there may be gains for this token after a successful hard fork.

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