Tag Archives: Industry

The U.S. now leads the world in Bitcoin mining, according to data from the Cambridge Bitcoin Electricity Consumption Index (CBECI), which tracks Bitcoin’s energy consumption by geography. According to data added to the index, the United States currently makes up 42.7% of the Bitcoin network’s “hashrate,” a metric unit that measures how much power the Bitcoin network consumes. Up 14%, the growth in America’s hashrate — also known as hashpower — reflects the changing geopolitical… Source link

Wildfires are taking a toll on the West Coast right into the end of the summer, with water shortages a top concern for local leisure and hospitality businesses. But according to Tom Danowski, Oregon Wine Board President, there’s an “oversupply” of wine across the nation — even with demand for alcoholic beverages on the rise. “Look at your shelf and your store, you’ll see quite a bit more wine than you might have ever thought could ever [have] been produced,” he told Yahoo Finance LIVE. He… Source link

Allbirds is challenging its competitors in the apparel space to do much better on the sustainable clothing front.  “Certainly in the five years we have been around we have seen an acceleration from the rest of the industry toward the environment and sustainability, which is a fantastic thing. But, we have to move faster,’ said Allbirds co-founder and co-CEO Tim Brown on Yahoo Finance Live. “This is the problem of our generation and the fashion industry has been playing lip service to this… Source link

Capitol Hill negotiators released their 2,702 page bipartisan infrastructure bill on Sunday night after a flurry of revisions over the weekend. One of the more significant last-minute edits concerns cryptocurrencies. The late addition aims to use the infrastructure bill to bring clarity to the way Americans report their digital assets – like bitcoin (BTC) or ethereum (ETH) – for tax purposes.  The measure could bring in billions in revenue, but “this is not a new tax on… Source link

Western regulators and the crypto industry have had a sometimes-adversarial relationship, with Senator Elizabeth Warren this week calling on Treasury Secretary Janet Yellen to impose new rules for the sector.  That perspective could risk the U.S. and other nations falling behind China, which has taken a more “holistic” approach, says Mohamed El-Erian, president of Queens’ College at Cambridge University and Allianz Chief Economic Adviser. “China is not waiting,” El-Erian told Yahoo Finance… Source link

In a political landscape that continues to roil with partisan bickering and hostility in Utah and across the country, finding even a small plot of common real estate is an increasingly remote prospect. But a new Pew Research survey found the reddest Republicans and bluest Democrats share a boogeyman they would all like to see reined in. U.S. Big Tech companies. And that’s a meme that hasn’t been missed by elected officials on both sides of the aisle who are engaged, at the highest… Source link

symbol indicating a place to charge an electric car with energy in Catalonia Spain According to a Bank of America Global Research (BAC) report, there is a looming threat of the global battery supply for electric vehicles (EVs) running dry by as early as 2025. “Our updated EV battery supply-demand model suggests the global EV battery supply will likely hit [a] ‘sold-out’ situation between 2025-26, with its global operating rates reaching above 85%,” the report reads. The report states… Source link

The prospect of a retreat from Hong Kong was floated in a letter released publicly this week by the Asia Internet Coalition (AIC), a Singapore-based association that counts Facebook (FB), Twitter (TWTR) and Google (GOOGL) as members. The memo, which is dated June 25 and sent by the group to Hong Kong’s privacy commissioner for personal data, Ada Chung Lai-ling, pushes back on a recently introduced bill that seeks to crack down on doxxing. The practice refers to the sharing of private… Source link

Topline Proposed anti-doxxing laws could soon make Hong Kong an unsustainable place to do business, warned an industry group representing some of the world’s largest tech companies—including Amazon, Apple, Google, and Facebook—in the latest sign of growing dissatisfaction as Beijing tightens its hold on the city. Hong Kong’s anti-doxxing law has been criticized as overly restrictive. getty Key Facts In a letter to Hong Kong’s data protection commissioner seen by… Source link

In a blog post on March 3, Google announced that it would be removing third-party cookies from its Chrome browser—a decision that would effectively end use of third-party cookies. Google also pledged to avoid any other technology for tracking individuals as they browse the web. In its place, Google proposed cohort tracking, whereby companies could use third-party ad services to target ads only to larger groupings instead of individual users. It argued that such a change is needed to… Source link