After China’s Crypto Ban, Who Leads in Bitcoin Mining?
12/03/2021 12:41 PMBitcoin Mining Moves to America Bitcoin mining is a process that verifies transactions on the blockchain ledger, while also bringing new bitcoins into circulation. To be successful at this, cryptominers require vast amounts of computing power, meaning electricity...
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Digital dollar needs broad consensus among authorities, says US Treasury Secretary
12/03/2021 12:23 PMU.S. Treasury Secretary Janet Yellen has given her opinions on the potential of a digital dollar but is hesitant to come to any conclusions at this stage in proceedings. Yellen said on Thursday that she had not formed a view on whether the Federal Reserve should...
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China Creates New State-Owned Mining Giant To Tighten Control Of Rare Earth Supplies
12/03/2021 11:48 AMNow that aggressive foreign policy toward China has attracted bipartisan consensus, evidenced by the fact that President Biden has opted to keep certain tariffs imposed by the Trump Administration in place, Beijing is looking for new ways to squeeze Washington. For...
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Warren Buffett’s deputy Charlie Munger says markets are crazier now than in the dotcom bubble – and he wouldn’t want a crypto fan to marry into his family
12/03/2021 11:02 AMWarren Buffett's right-hand man Charlie Munger said markets are even crazier now than during the dotcom bubble. "I wouldn't want any one of them to marry into my family," he said about people who invest in cryptocurrencies. The Berkshire Hathaway exec said China is...
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Companies are pocketing their fattest profits in more than 70 years, even as they complain about inflation
12/02/2021 1:26 PMFor the last several months, corporate executives have been loudly lamenting the rising cost of doing business due to supply-chain disruptions and labor shortages. Indeed, inflation at levels not seen since the early 1990's has shown itself to be both larger and more...
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Cryptocurrency ETFs ‘are not a winning strategy,’ expert says: There are better ways to diversify
12/02/2021 11:46 AMIf you’re interested in a particular investment area, such as, say, a sector of the stock market, you likely don’t have time to research every single company to determine which you think is best. Plus, even if you know your stuff, there’s still the chance that any...
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$106M worth of metaverse land sold last week: DappRadar
12/02/2021 10:39 AMFour blockchain-based metaverse projects generated more than $100 million worth of virtual land nonfungible token (NFT) sales last week, according to data from DappRadar. A Tuesday post from the decentralized application analytics firm reported that between Nov. 22...
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Canada Just Saw The Sharpest Pullback For Housing Investment Since 2009
12/01/2021 1:09 PMCanadian real estate prices are rising, but investors are quietly pulling back. In fact, they’re withdrawing their capital at one of the fastest rates in history. Statistics Canada (Stat Can) data shows residential investment dropped sharply in Q3 2021. This is the...
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The $5 billion hoard of metal the world wants but can’t have
12/01/2021 12:15 PMOn an industrial park about an hour’s drive toward the South China Sea coast from Ho Chi Minh City sit giant mounds of raw metal shrouded in black tarpaulin. Stretching a kilometer in length, the much-coveted hoard could be worth about $5 billion at current prices. In...
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Why the buyer of Beeple’s $69 million NFT wants everyone to make free copies of the digital art
12/01/2021 11:26 AMIn March, Beeple sold a digital collection of his art as an NFT for a record $69 million. Now, the buyer wants everyone to have a free copy. The buyer, Vignesh Sundaresan, who's also known as MetaKovan, told Bloomberg he'd be happy if everyone downloaded a copy of the...
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