July 18, 2022
Photo: Akos Stiller/Bloomberg via Getty Images
Good morning! Lawmakers have started an investigation into how much energy crypto mines are really using. But banning mining in the U.S. won’t solve the problem.
It’s well known that crypto mines are energy hogs. But an investigation by congressional Democrats released Friday revealed the scale at which mining threatens U.S. climate goals.
The country’s seven largest crypto mining companies are responsible for using a combined amount of energy that could power nearly all the residences in Houston.
Mining in the U.S. has skyrocketed since China cracked down on crypto mines last year. But outright banning mining in the U.S. won’t solve the global problem, Protocol Climate editor Brian Kahn told me.
Democrats called for a useful first step: requiring energy use disclosures from mining operations. Bigger solutions include implementing a compliance carbon market, Brian said, but we’re more likely to get a more piecemeal approach, with regulation decided at the state and local level. “But it's clear that the lawmakers are paying attention,” he said. “Bitcoin miners beware.”
— Nat Rubio-Licht
In the past week alone, Twitter has sued Elon Musk, Musk waged a shitposting war, and Twitter’s shares went through the wringer. But Twitter wants shareholders to ignore the noise.
The company updated its letter to shareholders urging them to once again vote in favor of Musk’s $44 billion acquisition despite the lawsuit. There’s still no date for that vote, by the way.
What about the timeline for the deal? That's being put to the test: Twitter wants to get the trial going soon, but Musk thinks he needs more time to prepare.
Twitter and Musk’s relationship may only get messier from here. But even through all their fighting, it’s clear that the company can’t let go quite yet.
— Sarah Roach
You're either real-time or out of time: Applications like this power our daily lives, and if they can’t access massive amounts of data stored in a database as well as stream data “in motion” instantaneously, you — and millions of customers — won’t have these in-the-moment experiences.
Polygon’s Antoni Martin said the crypto crash ruined some trust:
GoDaddy’s Paul Nicks said lots of people buy domains during a downturn because it’s easy:
London Breed said San Francisco needs to make changes as workers go permanently remote:
Matthew Ball’s new book “The Metaverse: And How it will Revolutionize Everything” comes out tomorrow. Protocol’s Janko Roettgers talked with Ball about the book last week.
Devopsdays begins tomorrow in Seattle and will run through Wednesday.
A few companies report earnings this week, including Tesla on Wednesday and AT&T on Thursday.
Amazon is pausing construction of six offices in Bellevue and Nashville to make sure they’re designed to suit hybrid workers.
Grubhub’s trying to save itself. The company’s new deal with Amazon gives it an edge against competitors, but it still has to work through broader struggles with food delivery.
Coinbase got approval to operate in Italy. That's another step in the crypto exchange's push to expand to more countries in Europe.
Russia is banning crypto payments, prohibiting the transfer or acceptance of digital financial assets for goods, services and anything else.
Amazon is launching drone delivery later this year, starting with drops in College Station, Texas.
Zūm added three new executive hires: Chief Product Officer, Rohit Jain; CFO Jay Kim; and Vice President of Engineering Shiva Nagabushanaswamy.
Kim Albarella is TikTok’s new head of security following concerns from U.S. officials that user data could end up in China. Roland Cloutier, the current security lead, is stepping down.
Some fun news: Lego unveiled a new set based on “The Office."
Tech isn’t all about lines of code or semiconductors. Sometimes it’s about unleashing your inner creativity. New York Times columnist Shira Olvide asked readers how tech helps them discover life’s wonders, and people delivered. One person found an app to help with bird watching. A teacher wrote about how podcasts have been so helpful in the classroom. And another shared a new way to bond with your kids: making Spotify playlists for each other.
You're either real-time or out of time: Many of the challenges facing our world today are increasingly complex and critical, such as climate change, talent shortages and supply chain disruptions. Solving these problems requires analyzing large data sets, quickly. Additionally, organizations must use data to predict future issues and then determine the most effective solution.
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