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Plus: Activist investor Elliott Investment Management is pushing for changes at PepsiCo. And a federal judge rules that President Trump’s deployment of troops in Los Angeles was illegal. Alex Ossola hosts.
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Host Jennifer Sanasie breaks down the latest news in the crypto industry as gold surged to a record high of $3,500 an ounce.
Gold surged to a record high of $3,500 an ounce earlier, driven by growing expectations of Federal Reserve interest-rate cuts, a worsening fiscal outlook for major economies, and increased political pressure on central bank policies. Can bitcoin catch up to the momentum? CoinDesk’s Jennifer Sanasie hosts “CoinDesk Daily.”
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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.
An extensive earthen wall is being built around the besieged Sudanese city of el-Fasher. Researchers from Yale University say it is intended to trap people inside.
Why is there a rapidly growing demand for solar panels in Africa?
And we meet Iris- the teaching robot in South Africa.
Presenter: Audrey Brown Producers: Charles Gitonga in Nairobi, Mark Wilberforce, Yvette Twagiramariya and Sunita Nahar in London. Senior Producer: Paul Bakibinga Technical Producer: Jonathan Greer Editors: Maryam Abdalla, Andre Lombard and Alice Muthengi
People are increasingly turning to artificial intelligence for therapy — raising concerns among mental health professionals. Illinois legislators have responded by banning therapists from using AI, other than for administrative tasks. Today, we’ll explore the benefits and pitfalls of generative AI tech that’s used for mental health support. But first, we'll read some market tea leaves with Julia Coronado of MacroPolicy Perspectives.
Now that an appeals court has ruled against most of Trump's emergency tariffs, we may get some sense of how the economic future is going to be managed—once the Supreme Court weighs in. But even so, the administration's hunger to take stock positions in U.S. companies poses a different kind of threat. We talk about this and about what's about to happen in Gaza. Give a listen.
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North Korean leader arrives in Beijing by armoured train to meet President Xi Jinping and the Russian president, Vladimir Putin. It's the North Korean leader's first visit to China in six years. Also: Brazil's Supreme Court begins final hearings for Jair Bolsonaro and several military officers accused of leading a coup plot to subvert the results of the 2022 election; a new test to detect memory decline years before diagnosis; and 40 years on we hear from the man who found the wreck of the Titanic.
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Our guest, Cormint CEO James McAvity, makes the case that Bitcoin’s low transaction fees should raise concerns.
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Welcome back to The Mining Pod! Today, James McAvity, CEO of bitcoin miner Cormint, joins us to talk about a potential, looming existential crisis for Bitcoin: low transaction fee revenue. With transaction fees at only 2% of mining revenue, McAvity argues the current model is unsustainable as rewards halve every four years.
**Notes:**
• Transaction fees: 1/50th of total block rewards
• 20GW mining capacity running 24/7 globally
• 70 basis points: current annual BTC issuance
• $30-50K: cost per gigawatt hour electricity
• 2036: block rewards drop to 8 basis points
• $20T: potential future Bitcoin market cap
Timestamps:
00:00 Start
02:32 Is mining cooked?
08:05 Interpreting Satoshi's Goals
13:17 Hot mess or solid roadmap?
20:46 Cleanspark
21:15 Fees in a money protocol
25:44 truested intermediaries
31:42 Monero attack
38:39 Longterm bearish on mining?
44:59 What to do?
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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!
Efforts continue in remote eastern Afghanistan to rescue thousands of people hit by Sunday's earthquake, as the number of dead and injured continues to rise. We hear from a health official close to the epicentre.
Also in the programme: Brazil's Supreme Court starts the final stage of former president Jair Bolsonaro's trial on charges of plotting a coup; and an early ‘proof of concept’ study in the US shows it’s possible to identify and destroy dormant breast cancer cells in survivors with a higher risk of their cancer returning.
Plus: Klarna seeks to raise up to $1.46 billion from IPO. And Amazon plans to invest $4.4 billion in New Zealand data centers. Julie Chang hosts.
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