Russia eyes sanctions workarounds in energy, gold, crypto

Russia eyes sanctions workarounds in energy, gold, crypto

WASHINGTON (AP) — The harsh sanctions imposed on Russia and the resulting crash of the ruble have the Kremlin scrambling to keep the country’s economy running. For Vladimir Putin, that means finding workarounds to the Western economic blockade even as his forces continue to invade Ukraine.Former Treasury Department officials and sanctions experts expect Russia to … Read more

How Energy Guzzling Crypto Mining Is Bringing Power Plants Back To Life In Us

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At a time when fossil fuel power plants are shutting down in favour of renewable energy, some plants in the US are getting a new lease of life to mine Bitcoin. Despite the known harmful impact on the environment, investors are pouring in money into reviving ageing fossil fuel plants.The idled Greenidge power plant in … Read more

US Crypto Technical Working Group Appoints Himanshu B Patel as Chief Development, Energy Advisor

US Crypto Technical Working Group Appoints Himanshu B Patel as Chief Development, Energy Advisor

Powerful Congressman Pete Sessions has appointed Indian American Himanshu B Patel as his chief economic development and energy infrastructure advisor for his Crypto Technical Working Group.In a statement, Sessions said it is vital for the United States and India to take the lead globally on setting standards on innovative frontiers in areas of financial digital … Read more

Thailand’s Gulf Energy to seal crypto JV with Binance in Q2

Thailand's Gulf Energy to seal crypto JV with Binance in Q2

A representation of cryptocurrency Binance is seen in this illustration taken August 6, 2021. REUTERS/Dado Ruvic/IllustrationRegister now for FREE unlimited access to Reuters.comRegisterGulf Energy expects to form JV with Binance in Q2Expects JV to take six months to obtain digital asset licensePlans 20MW-40MW data centres with Singtel and AISBANGKOK, Feb 4 (Reuters) – Thai power … Read more

Senator Warren Targets 6 More Crypto Miners for Their Energy Use

Senator Warren Targets 6 More Crypto Miners for Their Energy Use

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part … Read more

Gold is becoming poor man’s crypto, says Goldman Sachs’ head of Energy Research

Financial Express - Business News, Stock Market News

In October this year, JPMorgan had said in a note that institutional investors appear to be returning to bitcoin perhaps seeing it as a better inflation hedge against gold. (Image: Pexels.com)“Just like we argue that silver is the poor man’s gold, gold is maybe becoming the poor man’s crypto,” Goldman Sachs’ Head of Energy Research … Read more

Crypto’s energy conundrum – pv magazine International

pv magazine - Photovoltaics Markets and Technology

Novel ideaWhy Bitcoin? Bitcoin’s novel idea, which emerged via a now-famous technical white paper in 2008, authored by the mysterious Satoshi Nakamoto, an unknown person – or, equally likely, persons, though yet to be identified either way. It involves computing to validate a record of transactions; a database known as a blockchain. Computations are also … Read more

Climate change, Covid and energy prices top G-20 agenda as world leaders convene

Climate change, Covid and energy prices top G-20 agenda as world leaders convene

ROME — President Joe Biden will meet with a number of world leaders on Saturday as members of the G-20 debate how to best tackle massive global economic challenges ranging from climate change to the spiking energy prices.The Group of 20, an annual gathering of international leaders representing the world’s biggest economies, will bring together … Read more

How soaring energy costs could hobble the covid-19 recovery

How soaring energy costs could hobble the covid-19 recovery

Oct 23rd 2021FUEL PRICES over the past month show the same vertiginous upward slope as a covid-19 case count during a particularly brutal wave. Coal and gas prices have touched all-time highs. Asian spot prices for gas have jumped by nearly 1,000% in the past year. The cost of oil has soared as shortages of … Read more

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