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“# ‘Existential threat’ to Bitcoin-investing companies from carbon fallout ” Allocating capital to Bitcoin risks a backlash from environmentally conscious investors, according to author and co-anchor of CNBC’s Squawk Box, Andrew Ross Sorkin. In a piece for the International New York Times, syndicated worldwide, Sorkin pointed to statements by Lawrence Fink, CEO of Black Rock…
“#Ex-GE boss Jeff Immelt bares his singed soul in ‘Hot Seat’” In “Hot Seat,” Jeff Immelt’s highly readable yet flawed account of his controversial tenure as CEO of General Electric, he wastes little time letting the reader know he was handed an impossible job when he took over the company from the legendary Jack Welch….
“#Texas power operators overcharged companies $16 billion” The Electric Reliability Council of Texas made a massive error that resulted in $16 billion in overcharges last month when millions of residents were left without power after a historic winter storm, according to a watchdog that oversees the power grid operator. ERCOT set the maximum price of…
“# Volkswagen pilots blockchain to integrate electric vehicles with power grids ” Automobile makers everywhere are betting big on electric vehicles as the world begins to push for environmentally friendly modes of transportation. For example, while fewer than 1% of cars on the roads in the United States today are electric, a number of automobile…
“# Kentucky to provide tax breaks for local crypto miners ” Lawmakers in Kentucky are looking to impose tax breaks for local cryptocurrency miners. Kentucky lawmakers on Tuesday approved several state tax breaks including House Bill 230, which would remove the sales tax from electricity purchased by local crypto mining operators. According to a report…
“# Firm in Portugal to accept Bitcoin for electricity bills ” Luzboa, a small energy trading company in Portugal, will soon start accepting Bitcoin (BTC) as payment for electricity. The company’s president Pedro Morais Leitão announced the news to Portuguese publication Expresso on Wednesday, stating that the new payment option should become available this month….
“#Elon Musk slams Texas power grid operator” Tesla CEO Elon Musk slammed the Texas electrical grid operator on Wednesday for being unreliable after millions of residents were left without power during a historic winter storm that brought record freezing temperatures in the state. Musk tweeted that the state’s energy agency, the Electric Reliability Council of…
“#Texas furniture store shelters residents without power” Enlarge Image People select shirts and sweatshirts being given away at a Gallery Furniture store after the owner opened his business as a shelter for those without power at their homes Tuesday, Feb. 16, 2021. AP Photo/David J. Phillip A Texas furniture store has transformed into a shelter…
“#Shocking footage shows fireballs zipping along frozen power line” Fire + ice = hotline! Shocking footage shows a ball of electricity zipping along a frozen Louisiana power line amid the deadly winter storms barreling across the South. The now-viral video was recorded by a bystander in Kenner, but was posted to Twitter by NBC outlet…
“# Russia has imported its largest Bitcoin miner batch ” Russia has reportedly imported thousands of cryptocurrency mining devices amid a massive surge in the crypto market. A senior executive at BitRiver, the largest crypto mining colocation services provider in Russia, claimed that a local client received over 20,000 crypto mining devices, Russian news agency…