Bitcoin Emits More Carbon Than Syria Or Switzerland–But Is That Bad?
Bitcoin miners have emitted about 200 million tonnes of CO2 in the cryptocurrency’s short history, according to experts at the University of Cambridge. According to the data presented by the university’s Cambridge Bitcoin Electricity Consumption Index (CBECI), bitcoin mining has breached the 200 million tonne-mark this year on its cumulative greenhouse gas emissions. The research […]
Germany to Borrow $12.6 Billion to Subsidize Consumer Power Bills
Germany is running into a financial crunch. Not only is Poland demanding $1.3 trillion in WWII reparations, but rapidly rising energy bills are causing grievances among consumers, prompting the government to go on a search for $12.6 billion to help subsidize their power bills come next year. According to Reuters, the German government plans to […]
Did Germany’s Economy Minister Just Accuse The US Of Profiteering Gas Revenues From The War?
Germany’s Economy Minister Robert Habeck has come close to accusing the United States and other gas exporters of “increased” prices as a result of the Ukraine war’s consequences. The federal minister said that even “friendly” countries “sometimes achieve moon prices.” Habeck particularly centered on Washington DC, saying the country turned to Germany and Europe when […]
OPEC Slashes Output by Most Since Covid-19, Joe Biden Goes Into Panic Mode
Joe Biden is having a very unpleasant morning. Despite repeatedly begging OPEC to keep oil prices down in effort to stifle surging consumer prices until at least the midterm elections, it appears that the cartel and its allies could care less about what a senile US president wants. OPEC and its allies agreed on Wednesday […]
Russian Court Fines TikTok For Violating Anti-LGBT Laws, Twitch For Ukraine Content
Russia on Tuesday fined social media platforms TikTok and Twitch for violating the country’s laws on “LGBT propaganda” and censorship of information related to the war in Ukraine, according to a report from Reuters. TikTok, owned by Beijing-based IT company ByteDance, was fined 3 million roubles ($51,000) by Moscow’s Tagansky District Court for “promoting non-traditional […]
Around 1 Million Reportedly Left Russia After Mobilization
Nearly 1 million individuals have left Russia since President Vladimir Putin’s partial military mobilization began, an interlocutor acquainted with Kremlin estimates told Forbes. Another source in the Russian Federation administration puts this estimate at a lower range between 600,000 and 700,000 Russians. Although, there was an emphasis that it is impossible to estimate how many […]
Trulieve Revealed To Be Contesting US$35K Fine Imposed Following Cannabis Dust-Related Death
A preliminary inspection report from the U.S. Department of Labor’s Occupational Safety and Health Administration revealed that Trulieve Cannabis (CSE: TRUL) contested the fines levied on it. The penalties are being imposed after one of the firm’s employees died from inhaling ground cannabis dust. Lorna L. McMurrey, a 27-year old employee at the firm’s Holyoke, Massachusetts […]
Ray Dalio Changes His Mind: Cash Isn’t Trash Anymore, At Least For Now
Shortly before he announced his retirement from hedge fund Bridgewater Associates yesterday morning, Ray Dalio had a change of mind. He tweeted that he no longer thinks that “cash is trash,” after referencing a John Maynard Keynes quote. The founder of the world’s largest hedge fund noted that while it’s still “neither a very good […]
Juul Labs Reportedly Considering Chapter 11 Bankruptcy
E-cigarette maker Juul Labs has reportedly been holding informal discussions about funding a potential Chapter 11 bankruptcy. According to sources cited by Bloomberg, the company has started talks about so-called debtor-in-possession financing. Formal conversations with potential lenders are scheduled to begin in the coming days, as well. “We will continue the preparation process for both […]
Hydrograph Reports Insider Buying In Recent $4.2 Million Financing
Hydrograph Clean Power (CSE: HG) this morning revealed that insiders took down a significant amount of a financing closed last week. Insiders reportedly contributed 17% of the total funds raised. The financing in question relates to a $4.2 million oversubscribed private placement that was non-brokered. The deal saw the company issue 35.2 million units at […]