Mar 4, 2022

Let’s make crypto a little less cryptic

In the first part of a monthlong series on cryptocurrency, we'll demystify the blockchain and bitcoin mining.

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The Weekly Wrap

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.

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Pressure to stop buying Russian energy builds

by Amy Scott

Mar 4, 2022

Europe and the U.S. have not ruled out bans on oil and gas purchases. For some countries, ending imports would be harder than for others.

Europe and the U.S. are facing calls to terminate imports of Russian oil and natural gas. That would be harder for some countries than for others.

Lionel Bonaventure/AFP via Getty Images

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UK accused of dragging its feet over sanctions on Russian oligarchs and of failing to clean up the “London laundromat”

by Stephen Beard

Mar 4, 2022

Despite billions' worth of assets in London owned by Russian oligarchs, only a handful have been formally sanctioned by the U.K.

Roman Abramovich, owner of the Chelsea soccer club and one of London's most well-known Russian oligarchs, has not yet been sanctioned by the United Kingdom.

Paul Gilham/Getty Images

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Cryptocurrency mining and the environment

How bitcoin mining works

by Matt Levin

Mar 4, 2022

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.

Two technicians inspect a bitcoin mining operation in 2018. The highly lucrative practice is paying off for miners but wreaking environmental havoc.

Lars Hagberg/AFP via Getty Images

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The team

Nancy Farghalli Executive Producer

Daisy Palacios Senior Producer

Maria Hollenhorst Producer

Sean McHenry Associate Producer

Andie Corban Associate Producer

Richard Cunningham Associate Producer

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