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Invite Friends   From the Editor's Desk How Much Energy Does Bitcoin Actually Consume? On the face of it, the question about energy use is a fair one. According to the Cambridge Center for Alternative Finance (CCAF), Bitcoin currently consumes around 110 Terawatt Hours per year - 0.55% of global electricity production, or roughly equivalent to the annual energy draw of small countries like Malaysia or Sweden. This certainly sounds like a lot of energy. But how much energy should a monetary system consume? How you answer that likely depends on how you feel about Bitcoin. If you believe that Bitcoin offers no utility beyond serving as a ponzi scheme or a device for money laundering, then it would only be logical to conclude that consuming any amount of energy is wasteful. If you are one of the tens of millions of individuals worldwide using it as a tool to escape monetary repression, inflation, or capital controls, you most likely think that the energy is extremely well spent. Whether you feel Bitcoin has a valid claim on society's resources boils down to how much value you think Bitcoin creates for society. Continued here TradeBriefs: Newsletters for Decision-Makers! Advertisers of the day Emeritus: PG Diploma in Innovation & Design Thinking online program | Accepting applications - Starts on June 30, 2021 Emeritus: PG Diploma in Digital Business by Emeritus | Accepting Applications - Starts on June 30, 2021 Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails. Want the newsletters, without the promotional mailers? Get an (ad-free) subscription to TradeBriefs Premium for just $2 per month.     Covid Survivors Smell Foods Differently Long after some people have recovered from the virus, they find certain foods off-putting. Pfizer CEO sees a return to 'normal' globally by the end of 2022 By the end of 2022, there should be enough Covid vaccine doses for most world leaders to successfully inoculate their populations, Pfizer's Albert Bourla said. Regeneron antibody 'cocktail' can save lives in hospitalized Covid patients, study finds Another potentially life-saving treatment for hospitalized Covid-19 patients has been discovered by researchers at the University of Oxford. These Four Plastic Items Make Up Almost Half Of All Ocean Trash Researchers have revealed eye-opening new insights into man-made ocean trash. Just four common plastic items make up almost half of all the garbage we have dumped in our seas. World leaders, however, don't consider plastic pollution a priority. � � Thousands sign petition calling for Jeff Bezos to be denied re-entry to Earth after space trip | The Independent The world's richest man is scheduled to travel to space with Blue Origin on 20 July from Texas Anti-vaxxers are weaponizing Yelp to punish bars that require vaccine proof | MIT Technology Review Negative spam reviews are destroying bars and restaurants as they attempt to re-open safely. UK chancellor Rishi Sunak drawn into Narayana Murthy, Amazon's tax row India Business News: UK chancellor and NR Narayana Murthy's son-in-law Rishi Sunak was pulled into a service tax dispute involving Murthy's Cloudtail business on Amazon, f You Might Like � � � 3 million jobs in Indian IT firms to be slashed by next year: Report The domestic IT sector employs around 16 million, of them around 9 million are employed in low-skilled services and BPO roles, according to Nasscom. Of these 9 million low-skilled services and BPO roles, 30 per cent or around 3 million will be lost by 2022, principally driven by the impact of robot process automation or RPA. Who paid $28 million for 11 minutes in heaven with Jeff Bezos? 5 fantasy draft picks for the space-ride. � Novavax Offers U.S. a Fourth Strong Covid-19 Vaccine The company's large U.S. trial found an efficacy rate of about 90 percent. But at this point, the nation is awash in other shots. Christian Eriksen shares message from hospital bed after cardiac arrest during Euro 2020 | The Independent Christian Eriksen remains in hospital recovering from the shocking incident during Denmark's opening match against Finland 10 Major Health Breakthroughs You Missed During the Pandemic | Time From HIV treatment to dengue fever prevention, here are the major health breakthroughs you missed during the pandemic You Might Like � � � What Putin really wants from Biden The Geneva summit on 16 June between the Russian and US presidents will not be a friendly encounter. Elon Musk Says He's Putting Last Remaining House on the Market Shi Zhengli, A Virologist in Wuhan, Speaks Out Against 'Lab Leak' Theory The virologist, Shi Zhengli, said in a rare interview that speculation about her lab in Wuhan was baseless. But China's habitual secrecy makes her claims hard to validate. � What the Rich Don't Want to Admit About the Poor Why do we leave millions of people in poverty? The answer should make us uncomfortable. As Battle Against Virus Ends, Mayors Confront a New Villain: Criminals Most city leaders, eager to rejuvenate downtown economies, have lifted coronavirus restrictions. But rising violent crime has kept both residents and tourists at home. Washington Will Open Up for July 4 Fireworks. So Will Biden's White House. The White House will host a 1,000-person celebration on the South Lawn, even though President Biden is not on track to meet his goal of vaccinating 70 percent of Americans by July 4. � McDonald's worker's 'quitting' sign sparks online debate about restaurant staff struggles | indy100 A simple photo has come to symbolise the struggles faced by low-wage workers, particularly in the hospitality industry, after it went viral online. Don't Play With Your Kids. Seriously. I have three kids under 10 who don’t expect â€" or even want â€" to play with me. It took some practice, but over time, we’ve all learned we’re better off doing our own thing. A Pill to Treat Covid-19? The U.S. Is Betting on It. A new $3.2 billion program will support the development of antiviral pills, which could start arriving by the end of this year. � Why Remote Learning Is a Failure Remote learning needs to end with the pandemic. These 5 Habits Literally Add Years to Your Life, According to a New Harvard Study | Inc.com Harvard researchers studied the lives of 123,219 men and women over 3 decades, to learn exactly how much extra time good habits can add to your life. Consumer Anxiety Highest Since Pandemic Broke Out: BCG Survey � Why Geneva Is Teeming With Spies As Biden And Putin Prepare To Meet Study Finds Many Post-Covid Patients Are Experiencing New Medical Problems An analysis of health insurance records of almost two million coronavirus patients found new issues in nearly a quarter — including those whose Covid infection was mild or asymptomatic. Victoria's Secret Swaps Angels for 'What Women Want.' Will They Buy It? The embattled lingerie giant is attempting the most extreme brand turnaround in recent memory: an effort to redefine not just itself but also the very idea of what “sexy” is. � 6 Ways to Gracefully Handle the Most Difficult People in Your Life | Inc.com Co-workers or any difficult people in your life don't have to cause you so much angst. Lab-Leak Theory: Kristian Andersen On His Fauci Email and Covid Origins In early 2020, Kristian Andersen wrote to Anthony Fauci about the possibility of an engineered coronavirus. His research has since dispelled those suspicions. China Denies Radiation Leak at Nuclear Reactor, Admits Fuel Rod Damage Several of the reactor's more than 60,000 fuel rods have been damaged, prompting regulators to reassess the levels of radioactive gases around them. CEO of major Asian bank says a 'tsunami of money' is rushing into sustainable investments Sustainable investments can reap good returns as a lot of money is flowing into such assets, said Piyush Gupta of DBS. 'The selfie summit': Why some economists and activists are disappointed with the G-7 The leaders of the G-7 issued a joint statement promising to enact measures on Covid vaccines, China and global corporate tax. Priti Patel says fans have right to boo England team for 'gesture politics' of taking the knee | The Independent Home secretary dodges question on whether she would boo England team herself but says fans have a 'choice' Seafarers from Covid-hit India are struggling to get on ships—and off them Around 240,000 Indians work as crew on the world's cargo ships. But Covid-19 and its travel restrictions are making it difficult for Indians to find ship work—and to leave ships once their contracts end. Mind Reading Technology 2021: $110 Million Helmet Aims to Unlock Brain's Secrets Senior Oracle India executive, his wife booked in cheating case by Hyderabad Police Oracle India senior executive Pradeep Agarwal and his wife were booked for cheating customers by collecting huge advance amounts for the projects using the goodwill of the Oracle company. Sen. Kirsten Gillibrand wants to create a new agency to deal with data privacy The FTC currently enforces federal privacy laws. Gillibrand doesn't think it's enough. This Doctor Says Humans Actually Need 7 Kinds of Rest (and You're Probably Not Getting All of Them) | Inc.com Getting a solid eight hours of sleep isn't enough. Many Indians are returning to normal with a vengeance after the second Covid wave As Delhi lifted its lockdown restrictions, the city's residents flocked markets, throwing all caution—and the grim lessons of the devastating Covid-19 wave—to the wind. China reacts to the conclusions of the NATO summit What NATO is, who its members are, and what the NATO summit means for China and Russia, as Joe Biden meets Vladimir Putin in Geneva. Police in Pakistan Spark Outrage With Free Burger Demands Tired of law enforcement corruption, the owners of a fast-food chain in Pakistan sought justice over social media. Israel's New Coalition Takes First Steps, Including Mending Fences With U.S. The new government announced a new approach to foreign policy, but gave the go-ahead to a far-right march that critics fear will lead to violence. Open-source security: Google has a new plan to stop software supply chain attacks | ZDNet Can Google's 'salsa' make life harder for supply chain attackers? Cyborg cockroach with camera 'backpack' can be steered remotely | New Scientist A Madagascar hissing cockroach fitted with a "backpack" computer and infrared camera could help search-and-rescue teams locate bodies in the aftermath of an earthquake Myntra sees big rise in first-time shoppers during second covid wave First-time customers grew by two-fold on a year-on-year period, with smaller cities being among the key growth drivers especially in north India Amazon brings its cashierless tech to a full-size grocery store for the first time With a new 25,000 sq. ft. store in Bellevue, Washington. Ashes of Hideki Tojo, Japan's Wartime Leader, Were Secretly Scattered at Sea The location of the remains of the wartime Japanese prime minister had been a puzzle. Now, documents reveal that U.S. forces secretly scattered his ashes into the Pacific Ocean. Facebook Researchers Say They Can Detect Deepfakes And Where They Came From In private equity, compensation lags for women in senior positions How much did private equity investors make in 2020? Gallup: U.S. workers are among the most stressed in the world Gallup's latest State of the Global Workplace report captures how employees are feeling about work and life in the last year of the pandemic. F.B.I. Is Pursuing 'Hundreds' in Capitol Riot Inquiry, Wray Tells Congress In two separate hearings, the F.B.I. director and Pentagon officials answered questions about the failure to adequately prepare for and respond to the Jan. 6 attack. Lee Ross, Expert in Why We Misunderstand Each Other, Dies at 78 His argument about how social situations, not personality, can govern behavior took hold in modern psychology and inspired thinkers like Malcolm Gladwell. Google's first retail store is a space to sell, fix and show off its products Google is opening its first permanent physical store in New York this Thursday. TradeBriefs Publications are read by over 10,00,000 Industry Executives About Us  |  Advertise Privacy Policy    Unsubscribe You are receiving this mail because of your subscription with TradeBriefs. 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