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In the world of cryptocurrency, Dogecoin, the meme-inspired digital currency, witnessed an impressive surge, achieving its highest value since 2021. This rise could indicate a broader trend moving away from traditional finance sectors toward cryptocurrencies. Turning attention to traditional financial benchmarks, the S&P 500 has been on a record-breaking spree, hitting new highs 17 times…
Two bodies are recovered in Baltimore’s bridge collapse as crews continue a difficult search for four remaining victims. And, drivers are about to pay 15 bucks one-way every day just to enter this U.S. city. These stories and more highlight The Morning Rundown for Thursday, March 28, 2024. Two victims recovered after bridge collapse in…
Lawmakers in almost a dozen states have introduced legislation to prop up coal plants that are facing closures. With U.S. power demand surging to record heights in coming years due to increased usage of emerging electricity-reliant technologies, some officials believe the Biden administration’s clean energy transition will not happen fast enough to meet the nation’s…
The bitcoin mining industry in Texas was once heralded as a Meccas due to the state’s cheap power and regulatory friendliness. However, the industry is now under scrutiny amid concerns over environmental impacts and escalating energy costs. Following China’s ban on cryptocurrency mining in 2021, Texas witnessed a significant influx of mining operations, attracted by…
Super Tuesday is here, with voters in more than a dozen states looking to make a difference in the presidential race. And Elon Musk has been dethroned as the world’s richest person. These stories and more highlight The Morning Rundown for Tuesday, March 5, 2024. 16 states holding contests on GOP, Democratic choice for President…
In what’s shaping up to be a literal power struggle, the world of cryptocurrency mining is clashing with federal regulators over the growing energy demands of crypto mining operations. Crypto mining requires extensive electricity for its computing needs, exacerbating the global challenge of reducing emissions at a time when urgent cuts are necessary. Crypto mining’s…
Some have called it the future of finance, but cryptocurrency still relies on mining, much like gold. However, unlike gold, it’s not mined for in dark caverns; crypto mining takes place online. Similar to the gold rush of old, crypto mines are proliferating and using an extraordinary amount of electricity. According to the U.S. Energy…
U.S. forces take down a barrage of missiles and drones in what is being called a “complex attack” by Houthi militants. And masked gunmen storm onto the set of a live newscast in Ecuador as the country’s president declares a state of emergency. These stories and more highlight The Morning Rundown for Wednesday, Jan. 10,…
There’s more to the U.S. Marshals Service than what you see from Tommy Lee Jones in “The Fugitive” and the follow-up film, “U.S. Marshals.” Part of what the real agency does is seize millions of dollars worth of goods from criminals and put up the pricey goods on the auction block. Bloomberg Businessweek analyzed the…
Sam Bankman-Fried, the founder of the cryptocurrency exchange FTX, was found guilty on all charges in his monthlong fraud and conspiracy trial on Thursday, Nov. 2, nearly a year after his company filed for bankruptcy. Bankman-Fried, 31, founded FTX, an exchange that allowed customers to buy and sell digital assets like Bitcoin. According to Forbes,…
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