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Study: Over 74% of Bitcoin Mining is Powered by Renewable Energy

Bloomberg

(Bloomberg) -- Stock sales are reaping a windfall for the world’s richest shareholders.Corporate insiders including Amazon.com’s Jeff Bezos and Google co-founder Sergey Brin have ramped up stock sales recently, cashing in on a 14-month long bull market that’s helped boost fortunes to the tune of trillions.U.S. public company insiders offloaded shares worth $24.4 billion this year through the first week of May, with about half sold through trading plans, according to data compiled by Bloomberg. That’s almost as much as the $30 billion total they disposed of in the second half of 2020.Large shareholders frequently sell stock in planned intervals, often through pre-arranged trading programs. Yet the prolonged rally in equities markets has made the value of these disposals, whether planned or opportunistic, strikingly high.There are multiple reasons an investor of any size might be motivated to sell. After the pandemic-defying rally, valuations are increasingly under pressure from rising inflation. Investors are wary the post-Covid recovery could prompt tightening measures from the Federal Reserve. And President Joe Biden’s proposed tax hikes -- including a near doubling of the capital gains rate -- have created uncertainty.Bezos, EllisonWhatever the reason, the sales are flooding the market with yet more liquidity, the consequences of which will ripple through philanthropy, the art market, real estate and other niches.Bezos has sold $6.7 billion worth of Amazon shares this year. While a relative pittance for the world’s richest person, it’s more than two-thirds the value of shares he sold in 2020. Larry Ellison unloaded 7 million Oracle shares in the past week for total proceeds of $552.3 million.Brin, who has signaled that he intends to sell as many as 250,000 Alphabet Inc. shares, has disposed of $163 million worth of stock in recent days, his first sales in more than four years, filings show.Mark Zuckerberg and his charitable foundation, the Cha...

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RIP John McAfee

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youtu.be

Pay your respects. F

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BTC -3.42% · youtu.be · 5h

Pay your respects. F

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BTC -3.42% · forbes.com · 10h

RIP John McAfee

His death came hours after a Spanish court approved his extradition to the U.S. where he was wanted on tax-related criminal charges.
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BTC -3.42% · elperiodico.com · 11h

John McAffe found dead in prison

John McAfee, de 75 años y creador del famoso antivirus informático del mismo nombre, ha sido hallado muerto en la celda que ocupaba en el módulo 1 del Centre Penitenciario de Brians 2, en Sant Esteve ...
BTC -3.42% · youtu.be · 15h

Proof of Work vs Proof of Stake

Join the Trader University email list:https://www.trader.university/email-listIn this video, I discuss the tradeoffs between Proof of Work (PoW) and Proof of...
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