In May 2019, I flew to Jackson Hole, Wyoming, to attend a conference on the future of carbon capture, the technology the oil industry was betting on to slash the climate impact of burning fossil fuels. Just six months after the release of a dire report giving humanity roughly a decade to halve emissions that … Read more
Block Inc logo is seen displayed in this illustration taken, April 10, 2023. Dado Ruvic | Reuters Jack Dorsey says that his payments company, Block (formerly Square), is expanding its bitcoin mining ambitions from designing chips to developing a full bitcoin mining system. In a post on Tuesday, the global tech firm announced that it … Read more
Magic Eden coders gathered in an Airbnb in San Jose, California, to hack in preparation for the so-called bitcoin halving. Amil Husain In the East Foothills of San Jose, California, 17 coders working for the popular ordinals marketplace maker, Magic Eden, piled into a 4-bedroom, 3,875 square-foot house rented on Airbnb. Their goal was to … Read more
The BlackRock logo is seen outside of its offices in New York City. Brendan McDermid | Reuters BlackRock estimates that the world’s green energy transition will require $4 trillion annually by the mid-2030s, calling for more public-private partnerships, especially in Asia-Pacific. The forecast comes from BlackRock’s latest “Investment Institute Transition Scenario,” which analyzes how the … Read more
AUSTIN, TEXAS — Adam Sullivan left investment banking to mine bitcoin at an awkward time. It was May 2023, bitcoin was trading at around $21,000, U.S. regulators were in the thick of cracking down on the sector writ large, and Core Scientific, the company he had agreed to take over, was battling angry lenders in … Read more
HELL’S GATE, Kenya — Two-and-a-half hours northwest of Nairobi by car, a small group of bitcoin miners set up shop at the site of an extinct volcano near Hell’s Gate National Park. The mine, tucked away on the edge of Lake Naivasha, is operated by a startup called Gridless and consists of a single 500-kilowatt … Read more
Jeff Bezos wants to build permanent outposts on the moon and colonize space. Richard Branson wants to make spaceflight as commonplace as air travel. Elon Musk wants to settle on Mars to make humanity multi-planetary. IBX’s Kam Ghaffarian wants to go even further: the stars. “There’s this common denominator of combining altruism, to do something … Read more
A general view of the BP logo and petrol station forecourt sign on January 22, 2024 in Southend, United Kingdom. John Keeble | Getty Images News | Getty Images British oil major BP on Thursday trimmed its executive team down to 10 members and announced William Lin as the new head of the firm’s oil and low … Read more
Iranian soldiers take part in an annual military drill in the coast of the Gulf of Oman and near the strategic Strait of Hormuz. Anadolu | Anadolu | Getty Images The containership MSC Aries seized by Iran over the weekend marked at least the sixth vessel hijacked by Iran and its proxies in response to … Read more
Chinese flag on a background of coal. Andrzej Rostek | Istock | Getty Images The world added more coal power capacity last year than any year since 2016, with China driving most growth and future planned capacity, according to new research. A report by Global Energy Monitor released Thursday found that net annual coal capacity … Read more
