Proof of Stake Miners Could Offer a Solution to Energy Concerns

Over the last few days, Elon Musk said Tesla could start to accept Bitcoin as payment again, if at least half of it can be mined using clean energy.  “When there’s confirmation of reasonable (~50%) clean energy usage by miners with a positive future trend, Tesla will resume allowing Bitcoin transactions,” he tweeted. A way to process blockchain transactions with near zero energy use is by using technology called Proof-of-Stake. With it, companies, like Corp. (NEO:COIN) can perform the same work as a crypto miner—with a similar compensation structure — but in an environmentally friendly way. Other miners to keep an eye on include Riot Blockchain (NASDAQ:RIOT), Marathon Digital Holdings Inc. (NASDAQ:MARA), HIVE Blockchain Technologies Ltd. (TSXV:HIVE)(OTC:HVBTF), and Bit Digital Inc. (NASDAQ:BTBT).

As reported by NBC News, “Because the basis of proof of stake doesn’t require any extra energy to prove trustworthiness, it is much more energy efficient. Unlike … Read more

Nasdaq and S&P 500 Close at Record Highs

The Nasdaq and the S&P 500 on Monday closed at record levels as Wall Street prepared for a key meeting of the Federal Reserve later this week.

The S&P 500 closed up 0.18% to 4,255 to mark its third consecutive record closing high, while the Nasdaq climbed 0.74%.

The Dow Jones Industrial Average fell 85 points, or 0.25%, to 34,393.

Investors will be keeping a close eye on an upcoming announcement on interest rates from the Federal Reserve’s policy-setting body, the Federal Open Market Committee, on Wednesday, followed by a press conference from Fed Chairman Jerome Powell.

While the U.S. central bank isn’t expected to take any action with respect to rates or a tapering of monthly asset purchases, Wall Street will be monitoring the meeting closely for the Fed’s forecasts on inflation and the strength of the economic recovery.

Lordstown Motors (RIDE) said Monday that CEO Steve Burns and … Read more

America's $2 Trillion Infrastructure Boom Could Send ESG Stocks Soaring

In the past few years, we’ve seen six ESG megatrends on the rise with trillions of dollars being invested into them, from cloud computing and clean water, to finance, resource efficiency and the mega of ESG megatrends–EVs.  

If 2020 was the year that broke the ESG bank. This year, and next, might see investors start to reap the rewards of Biden’s ultimate “green presidency”. 

In March, Biden unveiled a $2.3-trillion infrastructure plan. 

On Earth Day, Biden pledged to half U.S. greenhouse gas emissions by 2030. 

According to CNBC, Biden’s climate agenda will likely be a “windfall for ESG investors”.

Gains investors have made so far this year have been stunning enough …

Tesla’s (NASDAQ:TSLA) share price is up over $400 in a year.

Blink Charging (NASDAQ:BLNK) has gone from $1.66 to over $35 in that same time period.

Nio (NYSE:NIO) surged from $3.60 to $34.

Facedrive (OTCMKTS:FD) shares have … Read more