LOS ANGELES, CALIFORNIA – FEBRUARY 05: (FOR EDITORIAL USE ONLY) Samara Joy accepts the Best New … [+] Artist award during the 65th GRAMMY Awards at Crypto.com Arena on February 05, 2023 in...
Tag: consumption
Jack Ma Loses His $3 Billion Gain As Investors Worry About Alibaba’s Growth Outlook
Alibaba cofounder Jack Ma. Wang HE/Getty Images Billionaire Jack Ma is back to square one. The $3.4 billion gain to his wealth since the start of the year has all but evaporated, after Alibaba’s stock...
Chinese E-Commerce Tycoon Colin Huang Loses $3.1 Billion In One Day As Imminent Price War Spooks Investors
Pinduoduo founder Colin Huang (Photo by Qilai Shen/Bloomberg) © 2017 Bloomberg Finance LP E-commerce giants JD.com and Pinduoduo are on the cusp of a new price war, with the former pledging more than ...
Kazakhstan Law Limiting Crypto Miners’ Consumption of Electricity Enters Into Force – Mining Bitcoin News
A new law expanding the regulatory framework for cryptocurrency miners while restricting their access to low-cost electricity has entered into force in Kazakhstan. The legislation introduces a licensi...
Can Ethereum Blockchain Reduce Energy Consumption As It Introduces Significant Upgrade?
Ethereum’s blockchain is an open-source infrastructure for building decentralized applications and smart contracts. As the transactions are verified and new blocks are added to the blockchain using a ...
CBDC Activity Subsidizes Consumption During Lunar New Year
Over the course of the Lunar New Year holiday, the Chinese central bank distributed an amount of its digital currency (CBDC) worth millions of dollars around the nation in an effort to encourage more ...
President Xi Addresses Domestic Consumption In Speech
China Last Night KraneShares Key News Asian equities had a strong day following US stocks’ positive move yesterday, with the Philippines having a very strong day in advance of today’s Fed +25 bps rate...
IOTA promotes sustainable energy consumption with EnergieKnip
IOTA (MIOTA/USD) is helping promote energy savings across the Netherlands and boosting local economies in the process. This is the latest in IOTA news, with developer BlockchainLab Drenthe noting in a...
Bull Market Beckons China Stock Traders as Consumption Revs Up
(Bloomberg) — A four-week rally in Chinese equities is set to culminate in a bull market when trading resumes Monday, as a rebound in consumption galvanizes the shares. Most Read from Bloomberg ...
Bitcoin at $23K After -0.2% Personal Consumption Expenditure
Bitcoin held onto gains driven by the recent bullish trading in crypto derivatives, as consumer spending fell 0.2% in December 2022. The U.S. Personal Consumption Expenditure (PCE), a measure of consu...
China Stock Traders Bet Consumption Will Supercharge 2023 Rally
(Bloomberg) — Chinese equities have been on a tear in the first week of 2023, and investors are gearing up for more gains with consumer-related stocks expected to spearhead the surge. Most Read ...
Bitcoin Mining Electricity Consumption Was Higher Than Sweden in 2022
Bitcoin mining reportedly exceeded Sweden’s electricity usage last year, yet alternatives are emerging in the mining mix. Over the course of 2022, global Bitcoin mining consumed 161 TWh of electricity...
Future Consumption Will Make the Prosperous Present Seem Deprived by Comparison
At the beginning of a book (Economics In One Lesson) that way-too-many economists have plainly never read, a non-economist by the name of Henry Hazlitt observed that economics is “stalked by fallacy.”...
10-Year Treasury Yield Inches Higher as Market Awaits Key Personal Consumption Expenditure Report
The 10-year Treasury yield was up 1 basis point in anticipation of the Fed’s next move regarding inflation. The yield on the US 10-year Treasury note was marginally higher on Friday, December 23rd, a...
The Homeownership Society Was A Mistake
Investment risk and uncertainty in the real estate housing market getty The Atlantic just published a new article that makes some of the same points about homeownership as my newly released chapter in...
Crypto Mining and Electric Vehicles Likely to Impact Future Energy Consumption
Electric vehicles (EVs) and cryptocurrencies are nothing short of evolution in their respective domains. Although both the entities are different from each in terms of their operations, customers bein...
Pfizer’s Paxlovid Approved In China, State Council Emphasizes Domestic Consumption
China Last Night KraneShares Key News Asian equities were higher following yesterday’s lighter-than-anticipated US CPI print (sarcastically, only 7.1%!) though volumes were light in advance of today’s...
‘Recession’ Is Every Bit as Foolish As the GDP Calculation That Informs It
A recent Wall Street Journal headline lamented a scenario in which “Europeans Don’t Spend, Auguring a Recession.” Are journalists the problem, or sub-editors writing the headlines, or might it be that...
New US bill demands Bitcoin miners declare energy consumption
In a statement released on Thursday, US. Senator Edward J. Markey and Representative Jared Huffman said they had introduced the Crypto-Asset Environmental Transparency Act, which would mandate the dis...
Texas seeks to incentivize Bitcoin miners to lower consumption during peak hours
Texas State, yesterday, Dec. 6, offered an interim, voluntary power curtailment program for “Large Flexible Loads (LFL),” intended to give bitcoin miners incentives to lower their power consumption du...
Politburo Emphasizes Domestic Consumption As China Trade Data Gives Global Economy Thumbs Down
China Last Night KraneShares Key News While not a day that will live in infamy, Asian equities had a rough outing following the Nasdaq’s -2% drop yesterday, with the Goldman Sachs CEO’s pessimis...
Dollar General’s Business Benefits From Continued At-Home Consumption & High Inflation, Says Analyst
Telsey Advisory Group analyst Joseph Feldman reiterated an Outperform rating on the shares of Dollar General Corp (NYSE: DG) with a price target of $285. The analyst believes the business should benef...
Fair And Sufficient – Keywords For Climate-Friendly Fashion Consumption
Used clothes in a landfill in Chile’s Atacama Desert. (Photo: Antonio Cossio/dpa) dpa/picture alliance via Getty Images Could you make do with 85 articles of clothing? It certainly sounds achiev...
KEY3.id Releases Early Bird Event, Gas Fee Consumption Surpasses ENS, Public Claim Coming Soon
On November 17th, KEY3.id’s DID protocol launched a permanently free .did domain early bird event, with more than 10,000 users participating online. Within 24 hours, the on-chain gas fee consumption s...
FDA says lab-grown meat is safe for human consumption
Uma Valeti, CEO and founder, UPSIDE Foods speaks at the 2021 Milken Institute Global Conference in Beverly Hills, California, October 18, 2021. David Swanson | Reuters The Food and Drug Administration...
Bitcoin Energy Consumption | Why Bitcoin Uses So Much Energy
Bitcoin energy consumption is one of the people’s main concerns about cryptocurrency. In the last six months of 2019, the Bitcoin hash rate nearly doubled. A hash rate is a term used to describe the...
The Merge brings down Ethereum’s network power consumption by over 99.9%
The Merge, which is considered one of the most significant blockchain upgrades on Ethereum to date, brought down the network’s energy consumption by 99.9% immediately. On Sept. 15, the Ethereum blockc...
Crypto Mining’s energy consumption to be slumped by EU’s Action
The need to stop increasing energy consumption in crypto mining. The regulatory procedures that are undertaken. The cause of the recent situation The European Commission has announced an action plan...
Global Energy Consumption From Bitcoin Mining Is Just Over 0.10%
One major argument against Bitcoin is the amount of energy used in mining new blocks. Regulators have gone all out to curb the proof-of-work blockchain’s energy consumption and reduce its environmenta...
EU to release draft law clamping down on Bitcoin over energy consumption
The growth of Bitcoin (BTC) has been associated with high energy consumption over the years, with the flagship cryptocurrency receiving criticism for its carbon footprint. Consequently, regulators are...
Clean and Green Crypto Energy Consumption Could Be the Answer
Join Our Telegram channel to stay up to date on breaking news coverage There is one major impediment to the widespread adoption of cryptocurrency that advocates are working to overcome. The fact that ...
Senator Warren leads the charge against energy consumption claims on Texas crypto miners
According to a letter penned by seven U.S. lawmakers, ERCOT was “intimately connected” with the growth of crypto mining in Texas. Massachusetts Senator Elizabeth Warren and a group of six ...