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TORONTO, Ontario and BROSSARD, Québec, July 14, 2021 (GLOBE NEWSWIRE) — Bitfarms Ltd. (“Bitfarms”, or the “Company”) (NASDAQ: BITF // TSXV: BITF), a publicly traded Bitcoin mining company, currently powering an estimated 1.5% of the Bitcoin network with greater than 99% green hydroelectricity, today announces a Bitcoin production update. Mining Production Highlights as of July 12, 2021 Using green hydroelectricity, Bitfarms mined 1,357 Bitcoin in the first six months of 2021, the… Source link

Mark Zuckerberg said he wouldn’t know what to do with the $1 billion Yahoo offered to buy Facebook, a new book said. Zuckerberg said he’d probably just build another version of Facebook, per an “An Ugly Truth.” Lots of Facebook staff quit after Zuckerberg rejected Yahoo’s offer in 2006, the book said. … Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, July 14, 2021 Pandemic pressures linger but new pressures emerge June’s inflation data was a barnburner.  Data from the Bureau of Labor Statistics published Tuesday showed the consumer price index (CPI) rose 5.4% over last year on a headline basis, and 4.5% on a core basis. That measure strips out the more volatile components of food… Source link

Australians will soon be able to spend crypto via existing brick-and-mortar point-of-sales with the issuance of a new physical debit card, the Australian Financial Review reported Wednesday. Global payments giant Visa has approved local Australian startup CryptoSpend to begin issuing debit cards for the startup’s users. Those using the CryptoSpend app can then pay using their bitcoin and other supported crypto at retail stores and hospitality venues. Instead of needing to convert from crypto… Source link

The IRS is paying out 4M surprise tax refunds this week — will you get one? Millions of Americans still reeling financially from the COVID crisis will be sent surprise tax refunds this week, the IRS says. Unexpected direct deposits and paper checks are scheduled to go out to people whose tax bills were reduced after they’d already paid them, thanks to a provision in President Joe Biden’s massive pandemic rescue bill from March. A windfall from the IRS might be just the cash infusion you need… Source link

Google has brought an end to its effectively “unlimited” group video calls in Meet for free Gmail accounts, according to support pages spotted by 9to5Google. Now users with free accounts logging on to Meet will have group calls capped at an hour rather than the previous 24-hour meeting duration. Google’s unlimited group meeting offer was helpful because so many traditionally in-person functions moved online due to COVID-19. Not having to worry about a call cutting out or creating… Source link

Stock futures opened near the flat line Tuesday evening as investors looked ahead to more corporate earnings results and another batch of inflation data. Contracts on the S&P 500 was little changed. During Tuesday’s regular session, the blue-chip index rose to a record intraday high before pulling back and ending lower. Each of the Dow and Nasdaq also pulled back, with cyclical areas of the market like airline stocks and financials posting some of the biggest declines.  Concerns over the pace… Source link

By Julio-Cesar Chavez and Steve Gorman    (Reuters) – Virgin Galactic Holding Inc acknowledged on Tuesday that billionaire founder Richard Branson never rode a bicycle to the launch site of his space flight on Sunday, as depicted in a highly publicized video included in the company’s webcast of the event.    The video clip showed Branson riding his bike toward New Mexico’s state-owned Spaceport America near the town of Truth or Consequences, flanked by two SUVs, and handing his safety… Source link

Reuters Smithfield Foods stops slaughtering pigs at U.S. hometown plant CHICAGO (Reuters) -Smithfield Foods, the world’s largest pork processor, has stopped slaughtering pigs in the United States’ so-called ham capital, where the company was founded 85 years ago. The end of slaughtering in Smithfield, Virginia, is the latest reconfiguration for the company’s namesake plant and follows a months-long internal review of its East Coast operations, Smithfield Foods said in a statement. The… Source link

Tuesday’s CPI inflation numbers made a splash. The index surged 5.4% over the last year, surpassing expectations of 4.9%. Core inflation (which excludes the volatile gas and food categories) was up 4.5% year-over-year. Both were up 0.9% over last month, the biggest jump since 2008. Here’s what analysts had to say about the report, and what it means going forward. Good news and bad news A big question surrounding inflation recently is whether it’s transitory or more likely to become more… Source link