Quick Take Bitcoin mining often faces criticism for its energy consumption and environmental impact. However, it also offers significant benefits, particularly in grid stabilization and energy efficiency. One key advantage is the ability of Bitcoin miners to switch on and off instantly, allowing them to respond to fluctuations in energy demand. For instance, Pierre Rochard, […]
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Tesla CEO Elon Musk’s artificial intelligence (AI) startup xAI will not be licensing out its technology to the carmaker, Musk noted in an X post on Sunday. His post refuted a Wall Street Journal article published on Sept. 7, which claimed that the two companies owned by Musk had chalked out a deal. WSJ’s claims […]
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Crypto exchange Coinbase secured a partial victory in federal court this week in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). In a filing dated Sept. 5,  the US District Court for the Southern District of New York, Judge Katherine Failla partially granted Coinbase’s motion to compel the SEC to hand […]
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