Market Watch (April 9)
“The U.S. government recently retired the penny after two centuries because it had become too expensive to mint. Some bitcoin miners are facing a similar existential threat. For many miners, it has cost more in recent months to produce a bitcoin than the coin can be sold for, leading them to stop operating some machines and to sell more bitcoin holdings to raise cash.”
Tags: Bitcoin miners, Cash, Existential threat, Expensive, Government, Holdings, MINT, Penny, Retired, Sell, U.S.
New York Times (June 13)
“Tensions are reaching a dangerous pitch on the Korean Peninsula, testing the leadership of South Korea’s new president, Moon Jae-in…. In effect, Mr. Moon finds himself pincered between two rival powers, China and the United States, while facing an existential threat from the dictator next door.”
Tags: China, Dangerous, Dictator, Existential threat, Korean Peninsula, Leadership, Moon, Rival powers, South Korea, Tensions, U.S.
