China’s nationwide crackdown on crypto mining could create a competitive environment  in which only the biggest miners can survive, said a co-founder and managing partner of Waterdrip Capital, a major investor in the Chinese crypto mining industry. “Finding suitable sites outside the mining hubs requires a lot of resources such as capital and network,” Yusan Zheng said during a Chinese-language Clubhouse discussion hosted by CoinDesk. “Only the most experienced and deep-pocketed… Source link

Privacy laws in the U.S. need to be updated, especially after Google struck a deal with a major hospital chain, medical ethics expert Arthur Kaplan said Wednesday. “Now we’ve got electronic medical records, huge volumes of data, and this is like asking a navigation system from a World War I airplane to navigate us up to the space shuttle,” Kaplan, a professor at New York University’s Grossman School of Medicine, told “The News with Shepard Smith.” “We’ve got to update our privacy protection… Source link

Bloomberg Amazon-MGM Slammed by Tech Foes on Likely Path to Approval (Bloomberg) — Amazon.com Inc.’s takeover of Metro-Goldwyn-Mayer is sparking fresh criticism about the spreading tentacles of America’s technology giants, but the deal underscores how competition watchdogs have their hands tied when it comes to curbing the companies’ growth.Critics of tech firms in Washington on Wednesday slammed the MGM deal as the latest example of how the industry’s biggest players snap up… Source link

CDC Director Rochelle Walensky. (Jim Lo Scalzo/Reuters). WASHINGTON — Young children should continue to wear face masks, Centers for Disease Control and Prevention Director Rochelle Walensky said in congressional testimony on Wednesday, citing studies she says demonstrate that grade-school-age children can contract and spread the coronavirus. “There’s still transmissions associated with young children,” Walensky said. “They have been vectors of transmission for older people.”… Source link

Naomi Osaka has no plans to speak with reporters during the French Open. The three-time Grand Slam champion announced Wednesday that she will not do any media availability while competing at Roland Garros, citing mental health concerns for herself and fellow players. Her full statement: Naomi Osaka has spoken out about mental health in the past. (Photo by Tim Clayton/Corbis via Getty Images) The crux of Osaka’s concerns: “I’ve often felt that people have no regard for athletes [sic] mental health… Source link

CNBC’s Jim Cramer expressed optimism Wednesday toward Google‘s new health-care venture with hospital chain HCA Healthcare, heralding the deal as the latest positive catalyst for shares of the technology giant. “It’s the kind of thing that makes you want to buy the stock, and even though Google’s up 36% for the year … I think it’s got a lot more room to run,” said the “Mad Money” host, who currently holds a favorable outlook on the broader cohort of FAANG stocks. Under the partnership with… Source link

TipRanks 3 “Strong Buy” Stocks Under $10 With Triple-Digit Upside Potential You don’t have to pay three-digit sums to find compelling investing opportunities. It’s time to look outside the box at some cheap stocks top analysts are cheering right now. Among the stocks that are getting the thumbs up are three that show a strongly attractive profile for retail investors: an initial price below $10 per share, a Strong Buy rating from the Street, and a triple digit upside potential. We’ve… Source link

UFC president Dana White gave a hearty thumbs up Wednesday to Jon Jones’ announcement that he’d hired former Golden Boy Promotions CEO Richard Schaefer as his new adviser. Schaefer was brought on board to help facilitate a bout between Jones and heavyweight champion Francis Ngannou. White, though, said that if Ngannou-Jones happens, it will be down the road. He said Ngannou will make the first defense of his heavyweight title against Derrick Lewis in Houston, likely in August. But White… Source link

Clubhouse has hired Justin Uberti, creator of the WebRTC standard and the Google Duo video chat app. He leaves Google after nearly 15 years at the company, where he was most recently the engineering lead for Google’s Stadia cloud gaming service and led the team that made the Stadia iOS web app. “Justin is a phenomenal engineering leader and one of the original inventors of WebRTC, on top of which Clubhouse is built,” Clubhouse co-founder and CTO Rohan Seth said in a statement…. Source link

The New York Times The Caribbean Conundrum: United by Tourists, Divided by COVID On the glassy blue waters surrounding the U.S. Virgin Islands, catamarans and pleasure yachts have packed the shoreline for the past year — a scene so busy and crowded, it is unimaginable, even before the pandemic. Indeed, the business of charter yachts is booming, and expected to pump at least $88 million into the local economy this season, almost double the roughly $45 million that came in 2019, according to… Source link