Economy
Crypto industry to Biden: ‘Criminals we are not’
The cryptocurrency business wants to convince the Biden administration it does more than “finance criminal enterprises.”
Kristin Smith, executive director of the Blockchain Association, a leading trade association in the blockchain and cryptocurrency industry, tells FOX Business the group is mounting a charm offensive with key members of the Biden Administration as potential new regulation looms.
Known For Its Floods, Louisiana Is Running Dangerously Short Of Groundwater
Louisiana is known for its losing battle against rising seas and increasingly frequent floods. It can sometimes seem like the state has too much water. But the aquifers deep beneath its swampy landscape face a critical shortage.
Groundwater levels in and around Louisiana are falling faster than almost anywhere else in the country, according to U.S. Geological Survey data. An analysis by the Investigative Reporting Workshop and WWNO/WRKF traced the problem to decades of overuse, unregulated pumping by industries and agriculture, and scant oversight or action from legislative committees rife with conflicts of interest.
Bitcoin’s energy consumption is comparable to that of major corporations like American Airlines, which flies over 200 million passengers a year, and even the entire US federal government, which employs 2 million people, according to research on Wby Bank of America.
Each $1 billion in inflows into bitcoin uses the same amount of energy as 1.2 million cars, estimates the report. “Looked at differently, a single Bitcoin purchase at a price of ~$50,000 has a carbon footprint of 270 tons, the equivalent of 60 ICE cars,” Bank of America said in a note published on Wednesday.
Groceries And Rent Money: Why Support For COVID Isolation Is More Important Than Ever
While everyone’s hopes are trained on COVID-19 vaccines to lead the way out of the pandemic, public health experts say that other public health tools are still crucial for stopping the virus.
One of those tools — contact tracing — may finally be ready to have its moment, says Crystal Watson, senior scholar at the Johns Hopkins Center for Health Security. During the winter surge, contact tracers were overwhelmed; they couldn’t possibly reach everyone who tested positive — and their close contacts — to tell them to stay home to slow the spread.
Record number of homes sell above list price in U.S. amid strong seller’s market
36% of homes that sold last month went for more than their asking price, Redfin data shows
The national median home-sale price shot up 14.4% year-over-year to $336,200 last month in the most substantial increase since July 2013, according to a report by real estate brokerage Redfin.
Crypto industry to Biden: ‘Criminals we are not’
The cryptocurrency business wants to convince the Biden administration it does more than “finance criminal enterprises.”
Kristin Smith, executive director of the Blockchain Association, a leading trade association in the blockchain and cryptocurrency industry, tells FOX Business the group is mounting a charm offensive with key members of the Biden Administration as potential new regulation looms.
US economy to grow faster than forecast, says Federal Reserve
The US central bank expects much stronger growth this year than previously forecast, as vaccination rates rise and government relief funds start flowing into the economy.
The Federal Reserve forecast average growth of 6.5% this year – up from 4.2% it predicted in December.
The outlook for recovery in the jobs markets has also brightened, the Fed said.
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The post Daily Digest 3/18 – Crypto industry to Biden: ‘Criminals we are not’, US economy to grow faster than forecast, says Federal Reserve appeared first on Peak Prosperity.
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