Read: Sequoia on its FTX investment: Some surprise to the upside, and some surprise to the downside JPMorgan is predicting a “cascade of margin calls, deleveraging and crypto company/platform failures...
Tag: electricity
Canadian Energy Provider Hydro-Quebec Proposes Stopping Electricity Supply to Blockchain Industry
Hydro-Quebec’s plan called for the Regie de l’energie, or Canada Energy Regulator, to suspend the allocation of a 270 megawatts (MW) already planned for the industry. “In light of th...
These 27 stocks can give you a more diversified portfolio than the S&P 500 — and that’s a key advantage right now
You probably already know that because of market-capitalization weighting, a broad index such as the S&P 500 SPX, -0.80% can be concentrated in a handful of stocks. Index funds are popular for goo...
UBS has released its annual house-price bubble report. Here are the most overvalued markets.
The housing market is in something of its own recession as mortgage rates have surged. If the economist consensus is right about an existing home sales report due later in the morning, then sales will...
Nokia posts forecast-beating net profit
Nokia Corp. on Thursday posted a forecast-beating third-quarter net profit as demand for mobile networks and network infrastructure remained strong and supply-chain constraints eased. Nokia NOK, -1.94...
New England Risks Winter Blackouts as Gas Supplies Tighten
Listen to article (2 minutes) New England power producers are preparing for potential strain on the grid this winter as a surge in natural-gas demand abroad threatens to reduce supplies they need to g...
J.P. Morgan’s Michael Cembalest Details The Elephants In The Energy Room
Electric power lines deep in the forest. Heavy rain clouds and mountains on the background. getty Every year for the last 12 years, Michael Cembalest, the Chief Investment Officer at J.P. Morgan asset...
Here’s how much more U.S. households will pay to heat their homes this winter
Americans face a tough winter, with one government agency warning that most households will see a sharp increase in heating costs this year, as natural-gas prices look to post their largest yearly per...
Norway Finance Minister advocates for high electricity bills for Bitcoin miners
Join Our Telegram channel to stay up to date on breaking news coverage The Finance Minister of Norway, Trygve Slagsvold Vedum, has urged the government to get rid of its crypto program. The program al...
Norway Prepares to Reverse Electricity Tax Cut for Cryptocurrency Miners – Mining Bitcoin News
The Norwegian government is reviewing a proposal to abolish the policy of preferential tax treatment for data centers mining cryptocurrency with cheaper electricity. The executive power in Oslo says c...
Norway’s Finance Minister Thinks Local Bitcoin Miners Should not Pay Less for Electricity
Trygve Slagsvold Vedum – the Finance Minister of Norway – urged the government to scrap its crypto program that allows domestic bitcoin miners to pay a reduced rate on electricity. In his view, the cu...
Buffett’s Likely Successor Buys $68 Million of Berkshire Stock
Berkshire Hathaway Vice Chairman Greg Abel, the likely successor to CEO Warren Buffett, bought about $68 million of the company’s shares last Thursday in what appears to be his first purchases of Berk...
If Hurricane Ian destroyed your home, take these critical first steps for disaster relief and insurance
The full financial and human price of Hurricane Ian’s destruction is still unknown, days after it lashed Florida, and now with the Carolinas fresh off its wrath. But even with the immediate search-and...
Russia will provide electricity to Kazakhstan
In Russia, the government has begun preparations to provide electricity to Kazakhstan for cryptocurrency mining. Local newspaper RBC reports that the governments of the two countries have agreed to a...
Kazakhstan’s Crypto Miners to Acquire Electricity From Russia
Blockchain News Mining companies in Kazakhstan will allow using the Russian power supply for their activities. Due to electricity shortage, almost 200 firms were shut down in Kazakhstan last year. Rus...
Russia to Supply Electricity to Kazakhstan’s Cryptocurrency Miners – Mining Bitcoin News
Russia is preparing to provide Kazakhstan with additional energy needed to operate crypto mining farms in the Central Asian nation. New arrangements will allow Kazakhstan’s miners to buy electricity d...
ETH Merge Has Decreased World Electricity Usage By 0.2%
The merge is the Biggest Decarbonization Event In History ETH Price at the time of writing – $1,435.19 ETH has dropped by 16% over the last seven days It’s uplifting news for the Ethereum ...
Puerto Rico Loses Electricity As Hurricane Fiona Makes Landfall
Topline Hurricane Fiona made landfall on the island of Puerto Rico on Sunday, the National Hurricane Center said, causing a total electric blackout on the island as forecasters warn the storm could br...
Puerto Rico Loses Electricity As Hurricane Fiona Looms Off Coast
Topline Tropical Storm Fiona strengthened to hurricane status on Sunday while approaching the island of Puerto Rico, the National Hurricane Center said, causing a total blackout on the island as forec...
Electric Bills Soar Across the Country as Winter Looms
U.S. utility customers, faced with some of their largest bills in years, are set to pay even more this winter as natural-gas prices continue to climb. Natural-gas prices have more than doubled this ye...
ETH Merge Has Decreased World Electricity Usage By 0.2%, Making It The Biggest Decarbonization Event In History ⋆ ZyCrypto
Advertisement     It’s good news for the Ethereum community and the world as the network finalizes the execution of a merge to usher in the era of the Proof-of-Stake o...
Bitcoin Is the ‘Cleanest Industrial Use of Electricity,’ Says BTC Firebrand Michael Saylor
Controversial Bitcoin firebrand Michael Saylor claims Bitcoin (BTC) is the “most efficient, cleanest industrial use of electricity.” The MicroStrategy executive chairman says in a new blog that his fi...
7 facts from Michael Saylor why Bitcoin mining is cleanest industrial use of electricity
Bitcoin maximalist Michael Saylor, the executive chairman of MicroStrategy and who was recently sued for evading taxes, claims that the output of the Bitcoin network is 100 times greater in cost than ...
ETH Merge Will Reduce Global Electricity Consumption by 0.2%
3 hours ago | 2 mins read Editors News Ethereum has successfully switched from PoW) consensus method to the PoS consensus mechanism. Merging will result in a 0.2% decrease in global electricity consu...
Merge will ‘reduce worldwide electricity consumption by 0.2%’
With the completion of the major upgrade to its software, the Ethereum (ETH) ecosystem is expected to become a lot greener, as guaranteed by its co-founder Vitalik Buterin and the non-profit Ethereum ...
20 dividend stocks that may be safest if the Federal Reserve causes a recession
Investors cheered when a report last week showed the economy expanded in the third quarter after back-to-back contractions. But it’s too early to get excited, because the Federal Reserve hasn’t given ...