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” Researchers allege Bitcoin’s climate impact closer to ‘digital crude’ than gold “ The Bitcoin (BTC) bashing has continued unabated even in the depths of a bear market with more research questioning its energy usage and impact on the environment. The latest paper by researchers at the department of economics at the University of New…
” Is post-Merge Ethereum PoS a threat to Bitcoin’s dominance? “ While Ethereum (ETH) fans are enthusiastic about the successful Merge, Swan Bitcoin CEO Cory Klippsten believes the upgrade will lead Ethereum into a “slow slide to irrelevance and eventual death.” According to Klippsten, the Ethereum community picked the wrong moment for detaching the protocol…
“Hochul’s green power scheme may raise New Yorkers’ power costs” The green-energy movement has been very good for Wall Street, and not so good for consumers. Energy prices remain stubbornly high because environmentalists control vast swaths of government on both the federal and state levels mandating inefficient windmills, solar panels and other costly boondoggles. Meanwhile,…
“Stop playing chicken, Gov. Hochul, and agree on Lee Zeldin debate dates” Election Day is eight weeks from next Tuesday; early voting starts six weeks from Saturday — yet Gov. Kathy Hochul has yet to agree to a single date for even one debate with her opponent, Rep. Lee Zeldin. In her characteristic never-take-a-real-stand approach…
“Newsom’s dirty little secret, why is NYS hiding test scores and other commentary” Climate war: Newsom’s Dirty Little Secret “Democrats blame climate change” for California’s week-long threats of rolling blackouts, yet the state’s climate hasn’t changed, argue The Wall Street Journal’s editors; its electric generation has. “Solar and windpower have rapidly expanded,” while “gas and…
” Repurposing Bitcoin mining heat can solve global energy crisis: Arcane “ The flexibility behind running Bitcoin (BTC) mining operations can be vital to solving the real-world problems that stand in the way of the energy industry, suggests Arcane research. One of the biggest concerns authorities raise when it comes to Bitcoin’s mainstream adoption is…
” Eurozone hits record inflation of 9.1% amid gas and energy crisis “ August marks the ninth consecutive month of rising inflation for the Eurozone at 9.1%. In July, the official inflation numbers landed at 8.9%. The Eurozone consists of 19 countries, including Germany, France and Belgium. This comes as the European Union (EU) faces…
” President of Paraguay vetoes crypto regulation law “ Paraguay’s president, Mario Abdo Benítez, vetoed a bill that sought to recognize cryptocurrency mining as an industrial activity on Monday. He reasoned that mining’s high electricity consumption could hinder the expansion of a sustainable national industry. The decree stated that crypto mining uses intensive capital with…
“Saudi billionaire poured $500M into Russian energy firms amid Ukraine invasion” A prominent Saudi billionaire poured more than $500 million into Russia’s top state-linked energy firms this year around the same time as the Kremlin launched its brutal invasion of Ukraine, a stock exchange filing showed. Kingdom Holding, the Saudi firm founded by Prince Alwaleed…
” Bitcoin likely to transition to a risk-off asset in H2 2022, says Bloomberg analyst “ Bitcoin is likely to transition from a risk-on to a risk-off asset in the second half of 2022, as the macroeconomic environment is rapidly shifting towards a recession, said Mike McGlone, senior commodity strategist at Bloomberg, in a recent…