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Europe Must Ban Bitcoin Mining To Hit the 1.5C Paris Climate Goal, Say Swedish Regulators

Faced with a sharp rise in energy consumption, Swedish authorities are calling on the European Union to ban “energy intensive” crypto mining. From a report: Erik Thedeen, director of the Swedish Financial Supervisory Authority, and Bjorn Risinger, director of the Swedish Environmental Protection Agency, said cryptocurrency’s rising energy usage is threatening Sweden’s ability to meet its obligations under the Paris ... Read More »

Centrist Dems Sink Biden’s Nominee for Top Bank Regulator

Five Democratic senators have told the White House they won’t support Saule Omarova to head the Office of the Comptroller of the Currency, effectively killing her nomination for the powerful bank-regulator position. Axios: The defiant opposition from a broad coalition of senators reflects the real policy concerns they had with Omarova, a Cornell University law professor who’s attracted controversy for ... Read More »

China Suspends Tencent From Updating Existing Apps or Launching New Apps

China has suspended Tencent Holdings from updating its existing apps or launching any new apps as part of a “temporary administrative guidance” against the tech giant, Chinese media outlets including Shanghai-based Chinastarmarket.cn reported. From a report: According to the report, China’s Ministry of Industry and Information Technology has told app stores and platforms to implement the order against Tencent apps ... Read More »

Congress Decimates 911’s Digital Upgrade

Public safety officials fear the nation’s 911 centers will continue to languish in the analog era , after Democrats slashed proposed funding for a digital makeover in their social spending bill. From a report: The potentially life-saving ability for people to send texts, pictures or videos to 911 centers, and for centers to seamlessly share data with each other, remains ... Read More »