Crypto Costs

Dwaiter Weekly


July 21, 2022


Should Cryptominers Report Energy Use?

Citing research that found the power demands of cryptocurrency mining operations in Upstate New York “push up annual electric bills by about $165 million for small businesses and $79 million for individuals,” congressional Democrats want regulators to require cryptominers to report energy use and emissions. The lawmakers say that seven of the nation’s largest cryptominers—including Greenidge Generation Holdings, which operates a plant on the western shore of Seneca Lake—have developed capacity to use nearly as much electricity as all the homes in Houston, the nation’s fourth-largest city with 2.3 million residents.


Facebook Shifts Focus to Creator Economy

Facebook is reallocating resources from its Facebook News tab and newsletter platform Bulletin, as the company focuses more on the creator economy, a company memo obtained by the Wall Street Journal indicates. Reallocating resources from News and Bulletin is part of a broader shift within the company toward the metaverse and short-form video content creators that can compete with TikTok.


Rival Gets Jump on Musk’s Brain Computer Venture

While Elon Musk’s Neuralink brain computing startup has yet to receive FDA approval to implant its technology in humans, competitor Synchron has implanted its first device into the brain of a U.S. patient, Fortune reports. The device is designed to translate the patient’s thoughts into action through commands sent to a computer.


North Korean Hackers Targeted Hospitals

The FBI and Justice Department recently disrupted the activities of a hacking group sponsored by the North Korean government that targeted U.S. hospitals with ransomware, AP reports. Ultimately, half a million dollars in ransom payments were recovered.



Prime Video Redesign Is Rolling Out 

Compared to Netflix, Disney Plus, and other major streaming services, Prime Video’s user experience has lacked polish and felt more cobbled together. But that is changing, The Verge reports. Over the next few weeks, Amazon will roll out a new Prime Video design that looks, well, like Netflix.


Apple Hit with Suit Over Apple Pay

Apple was sued on Monday in a proposed class action by payment card issuers accusing the iPhone maker of abusing its market power in mobile devices to thwart competition for its Apple Pay mobile wallet, Reuters reports. The complaint alleges that Apple "coerces" consumers, unlike makers of Android-based devices that let consumers choose wallets such as Google Pay and Samsung Pay.  


Whither the Twitter Brand?

Elon Musk left the Twitter brand battered after the company gave up control of its own story. Now, with the two sides headed for a showdown in court, Twitter needs to take command of its brand again, Rob Walker writes in Fast Company.


Scammers Hone Tailored Email Messages

The infamous “prince of Nigeria” emails are falling out of fashion. Instead, scammers are scouring social media, especially business-related ones like LinkedIn, to target people with tailored messages, The Next Web reports. Data from Google Safe Browsing shows there are now nearly 75 times as many phishing sites as there are malware sites on the internet. And in the first quarter of 2022, LinkedIn accounted for 52 percent of all phishing scams globally.


A Quantum Leap for the Internet?

The development of a so-called quantum internet may have just seen a significant breakthrough, TechRadar reports. Research from a team in British Columbia published in the scientific journal Nature provides proof of principle that T centers, a specific luminescent defect in silicon, can provide a "photonic link" between qubits—quantum computing's counterpart to the binary digit or bit of classical computing.


High-Tech Litter 

A big-dollar arms race is underway in high-tech cat waste "solutions," from color-changing litter that can detect diseases to AI tech that tracks Fluffy's toileting habits, Axios reports. As COVID-era cat ownership has surged, the market has become flooded with products aimed at improving pet health and reducing the top reason people return cats to shelters: litter box unpleasantness.

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