HONG KONG, CHINA - FEBRUARY 15: Pedestrians walk past a display of cryptocurrency Bitcoin on February 15, 2022 in Hong Kong, China. Cryptocurrencies are gaining popularity worldwide as investors seek to diversify into the new asset class despite wild swings in the valuations of assets like Bitcoin and Ethereum in the first weeks of the year. Buying and selling crypto is becoming common in many places, like Hong Kong, where regulators have so far avoided using a heavy hand to manage crypto platforms.
Today, we hear from the New York Times’ Jeanna Smialek and Politico’s Sudeep Reddy about the February jobs report, the future of energy sanctions on Russia and more of this week’s weekly news.
Ingredients: Tens of thousands of powerful computers, enough energy to power all of Poland. Yield: More than $30 million in newly minted bitcoin every day.