Bloomberg bitcoin norway

Search Search. Menu Sections. A group of Democratic lawmakers led by US senator Elizabeth Warren is demanding details from six of the world's biggest bitcoin miners about their electricity consumption and greenhouse-gas emissions. T he move is seen as a warning shot that comes amid growing concern over the cryptocurrency industry's environmental impact. The eight lawmakers sent letters yesterday asking miners, including Marathon Digital Holdings and Riot Blockchain, to provide their facilities' annual electricity consumption, growth plans and impact on local power prices. Cryptocurrencies have come under increasing fire for the industry's power consumption, which is now comparable to the entire country of Argentina.

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Content:

• US lawmakers raise pressure on miners of bitcoin over energy use
• Man accidentally threw away $127 million in bitcoin and officials won't allow a search
• Crypto bubble: The hype machine behind a $70,000 carbon credit
• Suncor Seeks Buyers for Norway Oil and Gas Assets
• Norway Wealth Fund CEO Sees Market Weakness, Inflation Threat
• First Mover: The Smart Money (Literally) Buying Crypto as Harvard Said to Be Holding

WATCH RELATED VIDEO: Cryptocurrency in Your Portfolio Is Important: Yeh

US lawmakers raise pressure on miners of bitcoin over energy use

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Experts share 3 tips every first-time homebuyer should know. The goal of the divestment is to "reduce the vulnerability of our common wealth to a permanent oil price decline," Norwegian finance minister Siv Jensen said in a statement. That's about 1. Read More. Norway is a major oil producer, and it has plowed the proceeds of its energy wealth into the fund over the past two decades to fund pensions and other government expenses.

The government said the decision to divest was made for financial reasons and did not reflect its views on the price of oil or the sustainability of the petroleum sector. However, it acknowledged that climate change is "an important risk factor" for the fund and said it would ask the fund's managers to review the way they manage climate risk.

More important than coal. Analysts said the move was an important landmark. Climate is the biggest risk to business and the world. The fund's managers first floated the idea of divesting from oil and gas stocks in after the country's finances suffered a hit from the drop in oil prices.

An expert commission later recommended the fund should keep those investments. Yet the announcement Friday means the fund will no longer invest in firms that are classified by index provider FTSE Russell as being energy "exploration and production companies. But later in the day, it published a revised list that included companies. The government said it would continue to invest in petroleum activities on the Norwegian continental shelf, and had no plans to sell shares in national energy company Equinor STOHF.

The country's finance minister said the fund would also continue investing in large integrated oil companies. Stocks comprise roughly two-thirds of the fund's holdings.

The fund owns properties at prestigious addresses in cities including London, Paris and San Francisco.

Man accidentally threw away $127 million in bitcoin and officials won't allow a search

More Videos Volatility in the oil market. US economic growth in was the strongest since Get an exclusive look at how Bud Light's zero-carb beer is brewed. The Fed signals rate hike coming 'soon'.

Crypto bubble: The hype machine behind a $70,000 carbon credit

WisdomTree Lean Hogs is designed to enable investors to gain an exposure to a total return investment in lean hogs by tracking the Bloomberg Lean Hogs Subindex the "Index" and providing a collateral yield. Its securities can be created and redeemed on demand by authorised participants and traded on exchange just like shares in a company. The ETC is backed by swaps. The payment obligations of the swap counterparties to the Issuer are protected by collateral held which is marked to market daily. Details of the collateral held can be found in the Collateral section of the WisdomTree website www. The Index is designed to reflect the movement in the price of the lean hogs futures contracts that are continuously rolled on a pre-determined rolling schedule used in the Bloomberg Commodity Index SM. A futures contract is an agreement to purchase a commodity at an agreed price, with delivery and payment to take place at a specified point in the future. Futures contracts are generally disposed of just before the term of the contract expires and new contracts entered into in order to avoid taking actual delivery of the commodity in question a process known as 'rolling' , so that continuous exposure to the commodity is maintained. The contracts being purchased may be more expensive than the contracts being sold which would cause an investor in commodity futures to make an additional loss.

Suncor Seeks Buyers for Norway Oil and Gas Assets

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Norway Wealth Fund CEO Sees Market Weakness, Inflation Threat

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First Mover: The Smart Money (Literally) Buying Crypto as Harvard Said to Be Holding

Take a look at the beta version of dw. We're not done yet! Your opinion can help us make it better. We use cookies to improve our service for you. You can find more information in our data protection declaration. Europe's Nordic countries are popular for sustainable cryptomining because electricity there is cheap and mainly comes from renewable sources. But other industries also want to take advantage of this green energy.

Bloomberg is an international news agency headquartered in New York. By Jonas Cho Walsgard Bloomberg — After more than 3 years of taking a hammering, drillers are set to rise. By Jonathan Franklin Bloomberg Their industry all but destroyed, former fishermen now run guns one way, diapers another.

In traditional markets , European indexes were higher, bolstered by a flurry of corporate dealmaking announcements, despite a spreading coronavirus caseload, the prospect of stricter containment measures and rioting in the Netherlands. Gold weakened 0. The roster of cryptocurrency buyers keeps expanding, with endowment funds for some of the most prestigious U. Funds for Harvard, Yale, Brown and the University of Michigan have quietly been buying cryptocurrency for the past year or so through accounts held at Coinbase, CoinDesk's Ian Allison reported Monday , citing two sources familiar with the situation. While the university allocations likely represent a fraction of a percent of their total assets, the news reveals yet another potential source of demand for bitcoin and other cryptocurrencies at a time when corporations and money managers such as BlackRock and Fidelity have been lapping it up.

An award-winning team of journalists, designers, and videographers who tell brand stories through Fast Company's distinctive lens. The future of innovation and technology in government for the greater good. Leaders who are shaping the future of business in creative ways. New workplaces, new food sources, new medicine--even an entirely new economic system. A little over a year ago, cryptocurrency investing was all the rage until the market crashed. Now, investors remain wary of the frequent and unpredictable price fluctuations.

Home Top 10 Cryptocurrency. Top 10 Cryptocurrency. Robinhood has released a beta test version of its crypto wallet service for 1, waitlisted customers.