Host Christine Lee breaks down the latest news in the crypto industry as traders brace for this week's Fed rate decision.
Traders brace for this week's Fed rate decision, while a weakening dollar could boost bitcoin. Plus Senate Democrats stall on stablecoin legislation amid President Trump's financial ties to crypto. CoinDesk's Christine Lee hosts "CoinDesk Daily."
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This episode was hosted by Christine Lee. “CoinDesk Daily” is produced by Christine Lee and edited by Victor Chen.
So far, President Trump’s “drill, baby, drill,” agenda has proven to be a sharp turn from Biden-era climate initiatives, including the landmark spending bill the Inflation Reduction Act (IRA).
And thanks to President Trump’s attempts to claw back control over IRA funds, as well as his recent budget proposal which drastically cuts climate spending, the future of America’s fast-growing clean energy economy looks uncertain.
“The world is switching to electric vehicles, the world is switching to solar and wind,” said Christopher Knittel, economics professor and associate dean for climate and sustainability at the MIT Sloan School of Management. “And the less we do domestically, the less capability we build domestically to provide those clean energy resources, the worse off our industries will be in the future.”
Knittel explains President Trump’s efforts to phase out Biden-era climate initiatives, why some Republicans are reluctant to get rid of the IRA entirely, and why the U.S. getting left behind in a world committed to decarbonization poses a threat.
Plus, the new Canadian Prime Minister Mark Carney told President Trump that Canada is “not for sale” in a meeting earlier today. And, the REAL ID deadline is coming in hot, though not all states seem equally prepared.
Then, we’ll hear about how Seattle businesses are showing love for Canadian visitors and a listener share’s her daughter’s frustrations with “shrinkflation.”
On this episode of "The Federalist Radio Hour," Mark Moyar, the William P. Harris Chair of Military History at Hillsdale College, joins Federalist Senior Elections Correspondent Matt Kittle to reflect on the 50th anniversary of the fall of Saigon and discuss the effect the Vietnam War had on American foreign policy and global politics.
If you care about combating the corrupt media that continue to inflict devastating damage, please give a gift to help The Federalist do the real journalism America needs.
Why is the president talking about putting tariffs on foreign films instead of attacking California's liberals and the way their management of the state is destroying the entertainment industry there? We talk about this and about just how crazy the month of May is going to be in the Middle East. Give a listen.
Ford Motor Company reported first-quarter results yesterday and said it’s suspending financial guidance for the rest of this year because of uncertainty resulting from tariffs. We'll hear more. Plus, some companies in Mexico are recruiting recently deported migrants from the States. And the guardians of interest rates at the Federal Reserve meet today and tomorrow on what to do about an economy under stress. Will they be hawkish or dovish?
Multiple explosions have been heard in Sudan's de facto capital, Port Sudan, for a third day in a row. Prior to the attacks the city had avoided bombardment and was regarded as one of the safest places in the war-ravaged nation. We hear analysis.
Also, how and why Togo remains Africa's longest ruling political dynasties.
And what is financial abuse and how to spot it?
Presenter: Audrey Brown
Technical Producer: Francesca Dunne
Producers: Yvette Twagiramariya and Nyasha Michelle in London
Senior Journalist: Karnie Sharp
Editors: Andre Lombard and Alice Muthengi
Is Friedrich Merz the new German chancellor after he unexpectedly lost an initial vote in parliament? Also: Russian fears for victory parade after Ukrainian attack, and what kind of Pope do Catholics want?
Welcome back to The Mining Pod! Today, Masih Alavi, CEO of ViraMiner, joins us to discuss an overlooked mecca for bitcoin mining: Iran. He estimates that miners in the country operate with just 5 MW of legal, while 2 GW of mining activity hums away in the shadows of basements, offices, and even jewelry stores. Plus, Alavi discusses how Iranian citizens use outdated mining equipment to evade sanctions, convert crypto to USD, and survive capital controls from within and sanctions from without. Alavi explains why the government's hardline stance and tax code pushes miners underground and the ingenious methods Iranians use to hide their operations from authorities.
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# Notes:
- Only 5MW legal mining vs. 2GW illegal in Iran
- Outdated S9 miners still profitable in Iran
- Illegal miners caught by authorities
- High tariffs push miners to operate illegally
- 18 million Iranians own crypto assets
- Iran Bitcoin hashrate dropped 10-15% during protests
Timestamps:
00:00 Start
01:47 Mashi background
07:03 Mining ETH
07:37 ViraMiners
08:11 BTC mining in Iran
10:09 Illegal mining operations
13:33 Mining with older hardware
14:14 Electrical tariffs
17:49 Industrial scale mining
21:16 Exchanges or under the table
30:21 Obtaining hardware
32:41 Legal routes for hardware?
38:52 IP logging with pools
42:41 Hashrate waiting to come online
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Published twice weekly, "The Mining Pod" interviews the best builders and operators in the
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After decades of attempts by some political leaders to curtail or end federal funding for broadcasting, public media faces what PBS CEO Paula Kerger says is the most serious threat in its history. President Donald Trump’s order to end funding for NPR and PBS potentially has profound implications for everything from the existence of some rural Alaska stations to Native-language programs on tribal stations (and the continuation of Native America Calling). We’ll get another update on how the fight for public funding for Native American broadcasting is playing out.
