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Far-right websites spread conspiracy theories touted by groups like Q Anon. Social media algorithms weaponized them, boosting Trump’s lies about the 2020 election. The groundwork for Jan. 6, 2021 was laid.
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Steve Jobs’s Apple-1 Computer Prototype Is on the Auction Block
China Seals Off IPhone Maker, CNOOC in Shenzhen to Battle Covid
Texas School Mask Mandate Ban Upheld by Federal Appeals Court
Pence’s Speech Postponed Because of Bad Weather in Washington
Priciest Tickets for Adele’s Las Vegas Residency Cost Over $40,000
Mark Zuckerberg Sells San Francisco Home for a Record $31 Million
Green Bay Police Review Video in Which Officer Grabs Dillon
US Women’s Team Has New Vibe, Work to Do Before World Cup
If Only Elon Musk Snapped Instead of Tweeted
Putin’s Most Dangerous Weapon Is the West’s Own Democracy
Gen Z Thinks ‘The Money Will Come Back.’ Will It?
Hong Kong’s Fix for China’s Mortgage Boycotts
Ghosts of 2012 Haunt Europe as Rate Hikes Begin
The AI Platform Behind a Bezos-Backed Startup’s Vegan Burgers
Key California Port Reopens as Protesters Moved to New Site
Pope Francis Apologizes to Canada’s Residential School Survivors
Samantha Bee’s ‘Full Frontal’ Show Is Canceled
The $290 Billion Fund Helping Make Tiny Singapore an Agricultural Powerhouse
Sono’s Solar Car Will Stay Close to $26,000 Despite Inflation
San Francisco Races Clock for Comeback With Tech Gloom Deepening
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Will New York City Finally Get More Public Bathrooms?
What to Know About NFTs and the ‘Bored Ape’ Boom and Bust Cycle
Zipmex Seeks $50 Million After Freezing Crypto Withdrawals
Moelis Brushes Off Crypto Winter to Start Blockchain Group
Bitcoin’s cost of production has dropped from about $24,000 at the start of June to around $13,000 now, which may be seen as a negative for pricing, according to JPMorgan Chase & Co.
The drop in the production cost estimate is almost entirely due to a decline in electricity use as proxied by the Cambridge Bitcoin Electricity Consumption Index, strategists led by Nikolaos Panigirtzoglou wrote in a note Wednesday. They posit that the change is consistent with efforts by miners to protect profitability by deploying more efficient mining rigs, as opposed to a mass exodus by less efficient miners. They also say it could be seen as an obstacle to price gains.
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content...