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In this week’s news roundup, Will, Colin, and Matt break down how Babylon Chain’s launch pumped Bitcoin transactions fees to multi-month highs. Plus, they discuss Bitfarms’ merger with Stronghold and what it means for Riot’s hostile takeover attempt, and they wrap up the pod by covering Q2 numbers from the public miners – oh, and a note on the IMF’s absurd plea to tax bitcoin miners into oblivion.
Welcome back to The Mining Pod! On Thursday, Bitcoin transaction fees soared to their highest levels since April, but it has nothing to do with runes or inscriptions. This go around, it was all thanks to the launch of Babylon Chain, a new off-chain BTC staking platform. We also tackle Bitfarms’ merger with Stronghold and what it could mean (or not mean) for Riot’s ongoing attempt at a hostile share takeover of Bitfarms. Finally, we close on the latest Q2 figures and operational updates from public bitcoin miners, and Colin rants about why the IMF needs to take their bitcoin miner tax proposal and shove it...someplace where it won’t see the light of day.
Timestamps:
00:00 Start
02:33 Difficulty report
04:45 ASIC prices
12:13 Babylon staking
15:51 Bitfarms Expands with $175M Stronghold Merger
16:47 Riot vs Bitfarms Poison Pill
25:30 Public Miner Reports
32:19 IMF Idea to Tax Bitcoin Miners
Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!
👉 Check out Bitcoin Season 2 and The Gwart Show.
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Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell
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"The Mining Pod" is produced by Sunnyside Honey LLC with Senior Producer, Damien Somerset. Distributed by CoinDesk.
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Kamala Harris makes history, accepting her party's nomination for President. Donald Trump vows border crackdown. Rail shutdown halted. CBS News Correspondent Steve Kathan has today's World News Roundup.
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After an electric week at the Democratic National Convention in Chicago, Kamala Harris now faces the real test in her bid to be president. Can she convince American voters? In the third part of our series on dating apps, we visit Brazil, China and Pakistan (10:24). And our obituaries editor celebrates the life of Wally Amos, the American king of cookies (19:06).
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The US astronauts Butch Wilmore and Suni Williams are currently stranded on the ISS. They arrived on the Boeing Starliner, which was meant to bring them home after eight days. Unfortunately, it has run into tech issues, meaning that the astronauts may be stuck up there for up to eight months.
We started to ponder, what could an extended period of being stuck in space do to your body?
Next we look to the world of psychedelics research, which has currently got itself a little bit stuck.
We also find out more about the Haraldskær Woman, discovered preserved in a Danish bog in the 1800s. Mads Ravn, head of archaeology, research and collections at the Vejle Museums in Denmark, reveals the stories behind the bog bodies and explains how they ended up stuck in the mud.
And staying with the theme of stickiness, we find out what Neanderthals used as glue.
That, plus many more Unexpected Elements.
Presenter: Marnie Chesterton, with Camilla Mota and Kai Kupferschmidt Producer: Harrison Lewis, with Alice Lipscombe-Southwell and Noa Dowling. Sound engineer: Mike Mallen
In the 1972 presidential election, Democratic candidate George McGovern was soundly defeated by Richard Nixon. It was a bloodbath. He lost 49 states, a result widely attributed to his positions being “too liberal” for the American mainstream.
Four decades later, in a more liberal America, McGovern released a book called What It Means to Be a Democrat, outlining core values that define the Democratic Party. Because, he argued, in his day, during the “1968 Democratic National Convention in Chicago. . . it was obvious that a spirit of wide embrace was missing both inside and outside the convention hall.” The party had “splintered” into warring factions. This, McGovern argued, could never be allowed to happen again.
Here we are again, 50-plus years later, back in Chicago, back at the Democratic National Convention. There’s the version that’s inside. And there’s the one that’s outside, with left-wing demonstrators in the streets demanding the party forcefully oppose Israel’s war in Gaza, beseeching Democrats to somehow precipitate an end to capitalism and support various other identity-related progressive causes.
They marched and shouted, faces swaddled in N95 masks or tightly wrapped with keffiyehs, beneath a sea of Palestinian flags, punctuated by the occasional hammer and sickle. There was only one American flag to be found—a prop to be doused in lighter fluid and set alight.
Inside the convention hall, we passed countless people in red, white, and blue dresses and jackets and hats, while volunteers handed out signs that simply read “USA.” And while all those stuffed into Chicago’s United Center seemed energized by the Kamala coronation, we found divergent views on what it means to be a Democrat.
At the Republican National Convention in Milwaukee last month, there were no divergent views. No Never-Trumpers. No holdout Nikki Haley supporters. No contingent of free-traders, tax-cutters, or libertarians. The MAGA faction had fully purged the dissenters.
A recent CBS News/YouGov poll found that while 86 percent of registered voters said they knew what Donald Trump stood for, that number fell to 64 percent when the same question was asked about Kamala Harris. Some of this can be attributed to her many policy flip-flops, some to her decision to avoid almost all interaction with media. . . and some to the Democrats’ emphasis on vibes over policy.
So we came to Chicago to ask the question: What does it mean, in 2024, to be a Democrat?
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Each of the fifty US states is like a separate country. Its area, population, and economy are comparable to those of other independent nations.
Yet, the histories of each state, while different, all share broad commonalities.
However, one state has a history that is totally different from all the rest.
Learn more about the history of Texas and how an independent republic became one of the United States on this episode of Everything Everywhere Daily.
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