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India's former prime minister Manmohan Singh, architect of economic reforms, dies at 92Subsplash Acquires Pulpit AI, an Innovative Platform Leveraging AI to Help Streamline Content Creation & Boost Sermon Engagement for Churches
As Donald Trump prepares to fulfill a lengthy list of campaign promises, the president-elect's vow to ensure that all remaining Bitcoin is "made in the USA" may prove to be one of the most challenging to keep. Trump made the pledge in a post on his Truth Social account in June after meeting at Mar-a-Lago with a group of executives from crypto miners, the companies whose massive, high-tech data centers do the work that facilitates transactions on the blockchain in exchange for compensation paid in Bitcoin or other cryptocurrencies. The gathering was a key juncture in Trump's transformation from a crypto skeptic to one of the industry's strongest allies. "It is a Trump-like comment but it is definitely not in reality," said Ethan Vera, chief operating officer at Seattle-based Luxor Technology, which provides software and services to miners. While seen widely as a symbolic pledge of support, it's near impossible in practice since blockchains are decentralised networks in which no one controls or can be banned from participating in the process. On a practical basis, the sector is becoming increasingly competitive as large-scale operations pop up across the world to get a slice of the tens of billions of dollars in revenue generated each year by the industry. Crypto Tracker TOP COIN SETS Web3 Tracker 15.95% Buy DeFi Tracker 12.77% Buy AI Tracker 12.07% Buy Crypto Blue Chip - 5 5.42% Buy BTC 50 :: ETH 50 4.99% Buy TOP COINS (₹) Tether 86 ( 0.37% ) Buy BNB 58,813 ( -1.79% ) Buy Bitcoin 8,190,326 ( -3.15% ) Buy Ethereum 284,753 ( -4.45% ) Buy XRP 184 ( -5.9% ) Buy Russian oligarchs, Dubai royal families and Chinese businessmen in Africa are some of the freshest competitors. Deep pockets and access to vast amounts of power are spurring them to join in on the lucrative but energy-intensive process. About 95% of the 21 million Bitcoin that will ever be created have already been minted, though the hard cap on production isn't expected to be met for about 100 years. Did you Know? The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors. View Details » The Bitcoin mining sector in the US has morphed into a multi-billion dollar industry over the last several years as the token saw exponential increases in prices. However, the total computing power generated from US-based miners is well below 50% and it is impossible to power the entire network by domestic companies, according to industry analysts. 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They have more specific information on mining locations through their software that aggregates computing power to increase chances for miners to get Bitcoin rewards. US miners such as CleanSpark and Riot Platforms were quick to support Trump, banking on the former-president to ease scrutiny on the environmental impact of the high-energy use process, curb competition from overseas and to roll back what they view as restrictive guidelines under the Biden administration. Trump's support of crypto helped to generate about $135 million in campaign contributions during the last election cycle, the most by any one industry. Despite rapid expansion in the US and the latest bull run in the crypto market, economic sanctions by the US and rampant inflation in some emerging economies have spurred overseas miners to ramp up their operations even more. "There is huge growth coming up in a few different markets," said Taras Kulyk, chief executive of Synteq Digital, which is one of the largest brokers for specialized computers for Bitcoin mining. (You can now subscribe to our ETMarkets WhatsApp channel )
Stock market today: Wall Street gains ground as it notches a winning week and another Dow record
Israel hits the Houthis in Yemen after their slow escalation
A baby was found on a Colorado street Christmas morning. His parents have been arrested.
“The bad news is time flies. The good news is you’re the pilot.” Cassandra quotes below a poet she never could enjoy – Alfred Lord Tennyson (1809 – 1892). He was 1 st Baron Tennyson and Poet Laureate during much of Queen Victoria’s reign. To her he sounds pompous but his Ring Out Wild Bells is a simple poem and she found it apt at this time. Two stanzas of the poem go thus: Ring out the want, the care, the sin, / the faithless coldness of the times; Ring out, ring out my mournful rhymes/But ring the fuller minstrel in. Ring out false pride in place and blood, /The civic slander and the spite; Ring in the love of truth and right, /Ring in the common love of good . I am certain you reader will guess the implied meaning Cass has in mind when quoting these lines. Yes and a loud YES; Sri Lanka is ringing out the bad, ugly, mean, corrupt, pompous pride and bloated egos of those who ruled us. The majority of us have hope in our hearts and look forward to an all-round improvement in how the country is governed. We also are sure the new people at the head of government and state are very different from those Big Wigs of this year before October and down the years, who so drastically dragged the country down to the very depths of deprivation and bankruptcy. Tennyson rings out the want, the care, the sin; the faithless coldness of the times . Yes, the times of waiting days in queues for essentials is over. Some may remind Cass it was Ranil W, who did away with queues by taking the right economic decisions. Yes, partly, but during his time as Prez he could have done much more to ease the lot of not only the poorer segment of Sri Lanka’s population but all who suffered. And this while 90 odd persons were advising him and running around in luxury cars while we suffered deprivation. There certainly was ‘faithless coldness’ during times past when decisions were taken to please the very small minority of the rich at the expense of the rest of Sri Lankans. Coldness we associate with Prez Gotabaya and ‘false pride in place and blood’ during the years Mahinda R was Prez with his favoured persons doing just as they please, not caring one jot for those they made to suffer. Cold unconcern. Coldness is attributed to Ranil W. Comes to mind Keheliya Rambukwella and Lohan Ratwatte, the former importing medical drugs that were ineffective or lethal; the latter strutting in prisons at night with a thigh exposing woman friend. The list of crimes is very long. Tennyson calls for a ringing in of l ove of truth and right and common love . AKD, Harini, Vijitha Herath and others of the NPP are ringing in truth and honesty; right government ensuring people’s rights; and intending to end the evils of corruption, nepotism, favouritism and family bandyism of concern only for the wellbeing of families. A sense of empathy and concern for the country and its people by those in power is definitely in the air, which was never present, except as far back as when DS Senanayake, Dudley Senanayake and John Kotelawala were in power. Kotelawela showed concern in his own brusque way. They were not self-centered and we do not expect our new leaders to be this, even to the slightest degree. Cassandra’s summation on the state of the country and people’s perceptions is optimistic. The country will sure improve and Ministers in the Cabinet will work to improve the country and its people, not themselves. When honesty, commitment and selflessness are apparent in political leaders, lesser ones too will follow. Thus, we could expect bureaucrats who serve the country with honesty and dedication. Accidents and apparent incompetence We are glad the Police have taken due note of the far too many road accidents and have started preliminary findings to arrive at the root of the serious trouble. As the Editor of this newspaper commented in his editorial on this subject, common causes of road accidents are incompetent drivers; road unworthy vehicles; buses plying competitively for fares; and drivers and bus conductors addicted to drugs or intoxicating drinks and being at the wheel under either influence. Also, their being over-worked with far too long spells driving. All these can be remedied. Strict supervision of drivers and vehicles; bus owners being law abiding; the Police taking preventive and punishing action; and punishment meted being severe. Cassandra experienced the crass incompetence and, perhaps, the debilitating influence of drugs on a driver of a motorbike. She was informed by a friend that a parcel was being delivered to her by one of the delivery services now having good business during this season of gift giving. The delivery man was to be expected around 8.30 pm, the friend said. Cass waited till 9.30, her equanimity fast disappearing and her ire rising. She phoned her friend who contacted either the delivery service or the courier. She was promised he would be at her door in 20 minutes. The clock hands showed 10.30 pm. The driver contacted her. She gave him detailed directions to her home, which even an idiot could follow. No delivery. She phoned the delivery man, thrice. Each time she heard the motorcyclist ask people directions to Cass’ abode and they gave very accurate directions. But the man could not follow them. She called him. He was just a couple of yards away but at a cross roads, which he should never have been in. Directions were given – simple, easy to follow and unambiguous. No man, no parcel. She sent her domestic to the end of the lane leading to her place. Man finally appears at 11.45. Cass was beyond throwing a tantrum and closer to a stroke or heart seizure. She was sure, though inexperienced in dealing with druggies, that this driver was under the influence of a drug which dulled his senses to near zero. Her Man Friday tells her that young men are recruited from places far distant from Colombo and do not know its roads and streets. No excuse at all. Glaring faults of employers are non-caring and greed for profit at any cost. Fault of employees: sheer incompetence and immorality in being under the influence of drugs or drink while on the job. This anecdote is to highlight possible-to-be-remedied faults of businesses. Even government offices had don’t-care-less employees. That will change, and sure must already have changed. Thankfully, Prez AKD gave govt employees a strong pep talk: do your job or you will be made to quit. Cass ends this Friday’s optimistic Cry with wishing each of her readers a very happy New Year with much less burdens to bear and life improving with hope and anticipation. Gratitude to those who govern us can be given again, replacing the disdain and dislike, hate too, felt earlier. A New Year to the country we love so much of increasing prosperity, equal rights to all and peace!Chinese film about Covid-19 wins Taiwan's top Golden Horse prizes
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