A new analysis by the New York Times revealed the extent of the high energy consumption mining Bitcoin entails. The process of mining Bitcoin, in which complex math algorithms must be solved to create and award new Bitcoin, is a highly energy-intensive process. Each year, mining Bitcoin is responsible for the consumption of about 91 terawatt-hours of electricity, which is more than the entire annual electricity use of Finland. This constitutes about 0.5 percent total global electricity… Source link

Cathie Wood tells Yahoo Finance Live that just like baby boomers have heavily influenced the stock market for decades, their children — aka millennials — will be equally if not more important to the investing landscape in the decades to come. And that is one reason why the closely followed Ark Invest founder and CEO is staying long-term bullish on stocks.  “This is the echo of the baby boom,” said Wood on the rise of millennial investors, notably in 2021. Wood referenced research that… Source link

Russian opposition leader Alexei Navalny delivers a speech during a rally to demand the release of jailed protesters, who were detained during opposition demonstrations for fair elections, in Moscow, Russia September 29, 2019. REUTERS/Shamil Zhumatov MOSCOW, Sept 7 (Reuters) – Russian tech firm Yandex (YNDX.O) said on Tuesday it had removed jailed Kremlin critic Alexei Navalny’s tactical voting website from its search engine to comply with a government ban ahead of a parliamentary election… Source link

MOSCOW, Sept 7 (Reuters) – Russian tech firm Yandex said on Tuesday it had removed jailed Kremlin critic Alexei Navalny’s tactical voting website from its search engine to comply with a government ban ahead of a parliamentary election this month. Navalny and his allies want to use the website and a separate app to organise a tactical voting campaign at the Sept. 17-19 contest to land a blow against the ruling United Russia party. The campaign urges followers to sign up so they can be allocated… Source link

With help from Leah Nylen and John Hendel Editor’s Note: Morning Tech is a free version of POLITICO Pro Technology’s morning newsletter, which is delivered to our subscribers each morning at 6 a.m. The POLITICO Pro platform combines the news you need with tools you can use to take action on the day’s biggest stories. Act on the news with POLITICO Pro. — Ready for round 2? The Justice Department is preparing yet another suit against Google, and it could happen before DOJ antitrust… Source link

By Susan Mathew Sept 7 (Reuters) – Latin American currencies weakened on Tuesday as rising U.S. Treasury yields sent the dollar rallying, while El Salvador became the first country in the world to adopt bitcoin as legal tender. The adoption of the cryptocurrency, which will serve alongside the U.S. dollar in the country, suffered teething problems when the government had to unplug a digital wallet to cope with demand. President Nayib Bukele said El Salvador holds 400 bitcoins. He expects the… Source link

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * Drugmakers Amgen, Merck weigh on Dow after rating cuts * Boeing drops after Ryanair ends jet order talks * Tinder parent Match Group jumps on joining S&P 500 * Indexes down: Dow 0.72%, S&P 0.42%, Nasdaq 0.02% (Updates to open) By Shashank Nayar Sept 7 (Reuters) – The Dow Jones and S&P 500 fell on Tuesday, as worries over the slowing pace of economic recovery overshadowed hopes that the… Source link

Stocks dipped in early trading on Tuesday, with Wall Street indices hovering close to last week’s record highs, with analysts closely watching the end of pandemic-era jobless benefits and its impact on the labor market as the COVID-19 pandemic clouds the outlook. Last week, the S&P 500 Index set an all-time high, and the Nasdaq Composite briefly hitting an intraday record, despite August’s jobs data falling far short of market expectations. While payrolls showed the economy creating a… Source link

In an effort to enable greater impact from the NICFI Satellite Data Program, Planet has teamed up with Google to make high-resolution, tropical forest Basemaps available within the Earth Engine platform. This brings the power of Google’s cloud to the entire NICFI community to run analysis at regional and global levels to study the effects and solutions of tropical forest loss at scales not possible through traditional means. “From its inception 10 years ago, Google Earth… Source link

SEOUL—South Korea’s app developers can soon sidestep the digital tollway mandated by Apple Inc. and Alphabet Inc.’s Google, but changes for app companies and consumers may be hard to see initially. Last week, South Korea passed the world’s first-ever law that blocks Apple and Google from only offering their own in-app payment system. The bill, pending presidential approval, could be enforced within weeks. Once enacted, South Korea’s app companies can avoid… Source link