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Bitcoin miners brace for impact as halving goes live
  + stars: | 2024-04-21 | by ( Mackenzie Sigalos | ) www.cnbc.com   time to read: +17 min
The technical event is relatively simple: Bitcoin miners get paid in bitcoin to validate transactions, and after 210,000 blocks of transactions are computed and added to the main chain, the reward given to the miners securing bitcoin is 'halved.' The aggregate market cap of the 14 U.S.-listed bitcoin miners tracked by JPMorgan analysts declined 28% over the first half of April to $14.2 billion, reaching year-to-date lows. Some have billed the 2024 bitcoin halving as a seminal moment for the mining sector. Marathon, along with other mining firms, has begun diversifying its business model into ancillary operations beyond purely bitcoin mining. Sullivan continued, "Bitcoin mining sites can only be repurposed if they meet the attributes that are required for HPC.
Persons: AUSTIN , TEXAS — Adam Sullivan, bitcoin, Sullivan, they'll, it's, Core's Sullivan, Bitdeer, Needham, Haris Basit, Basit, Cantor Fitzgerald, Greg Beard, Beard, Bitdeer's, Jason Les, Les, Fred Thiel, Capex, Thiel, Stronghold's Beard, Nic Carter, Blackrock, Bill Barhydt, Barhydt, Island's Carter isn't, Carter, CoinShares Organizations: bitcoin, CNBC, JPMorgan, Cipher, Bitdeer Technologies, Mining, Miners, Riot, Island Ventures, Circuits, Nvidia, CoreWeave, Bitcoin, HPC Locations: AUSTIN , TEXAS, Texas, bitcoin, U.S, Rockdale , Texas, Singapore, Bitcoin, Hong Kong, Abra, Europe, Dalton , Georgia, North America
AdvertisementUnsuspecting children attended a Willy Wonka-inspired event in Glasglow, Scotland with high hopes, but found themselves in a world of pure horror. Paul Connell, an actor hired to play Willy Wonka at the event, told The Independent that the script supplied was "15 pages of AI-generated gibberish." Since photos and videos surfaced online, X (formerly known as Twitter) has become inundated with memes about the catastrophic event. AdvertisementThe interactive lab area drew comparisons to a meth lab“Is that the-”“The meth lab from the Glasgow Willy Wonka Experience? This photo from the Willy wonka experience is single handedly the photo of the year.
Persons: Willy Wonka, , it's, Roald Dahl, Paul Connell, Kirsty Paterson, Glasgow Willy Wonka, k9jdz3CWH0 — Adam, @adamgreattweet, Loompa, Hugh Grant, Willy wonka, twitter.com/tmc, kes, Kate Middl, aga, witt, r.com, ady, lanning their H, dre, anne Organizations: Service, Warner Bros, Independent, Glasgow, nk Locations: Glasgow, Glasglow, Scotland, erie, ves
NEW YORK (AP) — Adam Neumann, the ousted co-founder of WeWork, is exploring a deal to buy back the office sharing company after expressing dismay over its bankruptcy process. According to Monday's letter, Neumann and his affiliates have been attempting to obtain information from WeWork necessary for a purchase offer since December but have been met with a “lack of engagement” from the company. Neumann founded WeWork with Miguel McKelvey back in 2010. That debacle led to the ousting of Neumann, whose erratic behavior and exorbitant spending spooked early investors. Japan’s SoftBank stepped in to keep WeWork afloat, acquiring majority control over the company.
Persons: — Adam Neumann, Dan Loeb’s, WeWork, Neumann, , Miguel McKelvey, Japan’s SoftBank Organizations: The Associated Press, Flow Global Holdings, Associated Press, WeWork, Street Journal Locations: , New York
Céline Dion presented Taylor Swift with the award for album of the year at the Grammys on Sunday. AdvertisementMusic's biggest night concluded with a surprise appearance from Céline Dion and a historic win for Taylor Swift. Did Taylor Swift disrespect or snub Celine Dion? Was she clearly distracted by someone behind her at the exact moment Celine Dion handed her the award? Céline Dion, Taylor Swift, and René-Charles Angélil at the 66th Grammy Awards.
Persons: Céline Dion, Taylor Swift, Swift, Dion, , Trevor Noah, Celine Dion, Kevin Mazur, The Recording Academy Dion, Claudette Dion, René, Charles Angélil, Christopher Polk, Jack Antonoff, Lana Del Rey, Laura Sisk, Swift's, doesn't, @Knesix, Taylor, CELINE DION, @blackboywrites, Celine, @veganmoviesnob, — Beverley Smith, — adam, @adamjmoussa, celine, — Kathleen Newman, @HuffleBoy, — Alex Goldschmidt, @alexandergold, The Recording Academy Swift Organizations: Sunday, Service, The Recording Academy, Billboard, Getty, Poet's Department Locations: Los Angeles, Japan, Tokyo
Actor Carl Weathers died at the age of 76 on Thursday, according to a statement from his family. AdvertisementTributes are pouring in for Carl Weathers following his death on Thursday. Alongside a series of photos of their collaboration in the 1987 action flick, Schwarzenegger wrote: "Carl Weathers will always be a legend. Great actor. AdvertisementDirector Robert Rodriguez remembered Weathers for his 'electrifying' performancesWill miss the great Carl Weathers who I was very fortunate to work with on several occasions.
Persons: Carl Weathers, , Carl, Sylvester Stallone, Stallone, Rocky, Rocky Balboa, I'm, Arnold Schwarzenegger, Weathers, Schwarzenegger, Michael B, Jordan, Instagram, Adam Sandler, , Gi2lPWFTgt — Adam Sandler, @AdamSandler, Sandler, Happy Gilmore, Love, Pedro Pascal, couldn't, Pascal, Robert Rodriguez, acvLd7yxXu — Robert Rodriguez, Jesse Ventura, Carl . pic.twitter.com, 29OJoe8qcu Organizations: NFL, Service, Disney, WWE Locations: Minnesota
LAS VEGAS (AP) — Adam Harrison, one of three sons of reality TV show “Pawn Stars” celebrity Richard “Rick” Harrison, has died in Las Vegas, a family representative said Saturday. Harrison family spokesperson Laura Herlovich confirmed Adam Harrison died Friday, said his death was from a suspected drug overdose and issued a short statement. Las Vegas police did not immediately respond Saturday to messages from The Associated Press. Both Richard Harrison and Corey Harrison posted short memorial comments on their Instagram accounts. Family patriarch Richard Harrison, who was characterized on the show as “The Old Man,” died in June 2018 at age 77.
Persons: — Adam Harrison, Richard “ Rick ” Harrison, Harrison, Laura Herlovich, Adam Harrison, Adam, Adam Harrison's, Herlovich, Corey Harrison, Richard Harrison, Organizations: LAS VEGAS, Las Vegas, Associated Press Locations: Las Vegas, Las
Microsoft CTO Kevin Scott on Tuesday offered to match compensation for the hundreds of employees at OpenAI who are threatening to resign following Sam Altman's sudden ouster as CEO. "Know that if needed, you have a role at Microsoft that matches your compensation and advances our collective mission." But, the comment gives some clarity to what Microsoft is willing to pay employees and how many it would hire. Early Monday morning, Microsoft CEO Satya Nadella said that Altman, Greg Brockman, who resigned as OpenAI's president, and their colleagues would join Microsoft as part of a new AI research group. More than 600 OpenAI employees then signed a letter to the company's board and threatened to join their former boss at Microsoft unless the members resigned.
Persons: Kevin Scott, Sam Altman's, Sam Altman, Scott, Altman, Satya Nadella, Greg Brockman, Nadella, Brockman, OpenAI, Emmett Shear, Ilya Sutskever —, — Adam D'Angelo, Tasha McCauley, Helen Toner, Sutskever, Jordan Novet Organizations: Research, Microsoft, CNBC Locations: OpenAI
Another Gallup poll from 2019 similarly found 77% of people believed moral values in the US were getting worse. Interestingly, survey data also suggested people believed the moral decline began around the time of their birth, regardless of when they were born. At the same time, Mastroianni said the survey data suggests there hasn't actually been moral decline — just a consistent perception of it. Rather than morality declining, there's actually some evidence to suggest that people have higher morals than in the past. Another potential explanation for the illusion of morality decline could simply be the number of people in the world interacting is increasing.
Persons: Adam Mastroianni, Mastroianni, hasn't, I've, gdL8aM5Jrd — Adam Mastroianni, there's, SarhSipHQv — Adam Mastroianni Organizations: Service, Gallup, US, Federal Aviation Administration Locations: Wall, Silicon
CNN —Happy Gilmore is heading to college. And that caught the attention of the original Happy Gilmore, Adam Sandler. In February, Gilmore told CNN it would be a dream to one day meet Sandler. Unsurprisingly then, Sandler’s message was well received by the teen, who replied: “My life is complete.”“When I saw that Adam Sandler retweeted my tweet, my little heart kind of fell apart there,” Gilmore told Golf Channel. “I was speechless and didn’t really know what to do with myself for a minute.”Go get em Happy.
Persons: Happy Gilmore, Landon Gilmore, Adam Sandler, , Gilmore, Sandler, ” Gilmore, didn’t, 4o4LOoAWDN — Adam Sandler, PGA Tour University –, , rocketed Gilmore, Mike Fleck, , “ I’m Organizations: CNN, Bloomington High School, Twitter, Indiana’s Ball State University, Golf, PGA Tour University, Indiana, Bloomington, State, Hawthorns, Country Club, Ball State Cardinals Locations: Indiana, Indianapolis
The Michelin Guide added 17 food stalls and two restaurants in Singapore to its Bib Gourmand list this week. In total, 79 dining establishments in the city-state were named to the list, an increase from 67 last year. The Bib Gourmand category recognizes inexpensive dining establishments, which are selected by anonymous inspectors, according to a company press release. Three more stalls are in Adam Food Center — Adam Rd Noo Cheng Big Prawn Noodle, Bahrakath Mutton Soup and Selamat Datang Warong Pak Sapari, which is known for its Malay noodle dishes, according to Michelin. The complete selection of Michelin-starred restaurants in Singapore will be announced on June 27 at an awards ceremony.
Persons: Kok Sen, nasi lemak, Du Du Shou Shi, Heng Kee, De, Heng, Fried, Huat, Chun, Wei Chilli Ban, Cheok Kee, Adam, Noo Organizations: Michelin, Coconut, Geylang Bahru Market, Food Center, Adam Food Locations: Singapore, Geylang
Trump's allies and enemies took to Twitter en masse to weigh in on his second indictment. The common refrain from Democrats and Trump's opponents within the GOP was that nobody was above the law. God Bless President Trump. I, and every American who believes in the rule of law, stand with President Trump… — Kevin McCarthy (@SpeakerMcCarthy) June 9, 2023Sen. Josh Hawley worried about the state of the republic. Every "Republican" running for President should suspend their campaign and go to Miami as a show of support.
Persons: Trumpworld, , Donald Trump, — Adam Kinzinger, Gerry Connolly, Michael Cohen, Trump's, fixer, Trump, izsOqf04yc — Michael Cohen, Biden, DOJ indicts Trump, YdmbbAo6fX — Anna Paulina Luna, Jim Jordan, Kevin McCarthy, Joe Biden, Trump … — Kevin McCarthy, Sen, Josh Hawley, Marjorie Taylor Greene, W8GallYAeH —, Marjorie Taylor Greene 🇺🇸 ( Organizations: Twitter, Trump, Service, GOP, , DOJ, America Locations: America, United States of America
Lauren Boebert missed the vote to raise the debt ceiling after criticizing the deal for weeks. The House passed the bill 314-117, but Boebert failed to appear and vote no as pledged. Yet when the roll was called in the House Wednesday night, Boebert wasn't in the chamber. Rep. Lauren Boebert narrowly missed the vote, running up the steps right as they gaveled. — Juliegrace Brufke (@juliegraceb) June 1, 2023Since missing the house vote, she has not Tweeted about the debt ceiling at all.
Persons: Lauren Boebert, Boebert, , Kevin McCarthy, Joe Biden, Spencer Soicher, Juliegrace, Adam Frisch, txFyN21ukR — Adam Frisch, Joe Biden's, Biden Organizations: Service, Colorado Republican, Republican, Rep Locations: Colorado
But after the event, Laxalt, a Republican who was once Nevada's top law enforcement official, refused to support the FBI. "We just can't afford to have our top law enforcement agency that politicized." Laxalt made his most recent remarks after a campaign event with Nikki Haley, the former governor of South Carolina who was the U.N. ambassador in the Trump administration. Both Haley and Laxalt lobbed attacks on Cortez Masto and highlighted law enforcement endorsements of Laxalt, who said "95% of police in this state are supporting me." More than 850 people have been charged in connection with the Jan. 6 attack, and over 350 have pleaded guilty.
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