Crypto News

 Nigerianewslite

US Lawmakers prepare for hearing on cryptocurrency mining’s environmental impact

• The US Congress is preparing for a hearing on the environmental impact of cryptocurrency mining. 
• According to sources familiar with the matter, the House Energy and Commerce Committee is drawing a list of witnesses for the hearing. 
• The Committee plans to question witnesses about energy use in proof-of-work mining and infrastructure. 
• In 2021, Senator Elizabeth Warren sent a letter to New York-based miners regarding the environmental impact of crypto mining. 

A US Congress sub-committee is preparing for a hearing on the environmental impact of crypto mining. Governments worldwide have taken numerous measures to address the negative impact of Bitcoin mining. 

US Congress plans hearing for crypto mining’s adverse impact 

The news of a US Congressional hearing on the issue broke amidst rising concerns about the negative impact of cryptocurrency mining on the environment. 

As of August 2021, the US accounted for over 35% of the global Bitcoin hashrate based on Cambridge Centre for Alternative Finance data. According to numerous sources the US is the largest single Bitcoin mining nation. 

The US Congress sub-committee is preparing a hearing to assess the impact of crypto and Bitcoin mining. According to sources close to the matter, Congress is working on a witness list. 

The Oversight and Investigations subcommittee of the House Energy and Commerce Committee is getting ready to question witnesses about energy usage in proof-of-work mining. 

US-based mining firms have continued expanding their operations, raising concerns among regulators. Senator Elizabeth Warren recently expressed her concerns in a letter addressed to a New York-based mining firm Greenidge. 

Over the past three years, the countries that have banned Bitcoin and cryptocurrencies have doubled in number. Now nine countries have imposed a complete ban, and several others have implemented a partial ban. 

The concerns surrounding Bitcoin, its usage and mining activities have affected governments worldwide. 

HOW TO AVOID UNNECESSARY PRESSURE IN 2022

 HOW TO AVOID UNNECESSARY PRESSURE IN 2022

1. Put your kids in  

    schools you can afford 

    because expensive 

    schools don't  

    guarantee good 

    results. Just ensure 

    they attend a good 

    affordable school

2. Rent apartments you 

    can pay for

    conveniently. Don’t live 

    in a house you struggle 

    to pay yearly.

3. Let’s plan our lives and 

    live within our means. 

    Save more and spend 

    less.

4. Some women buy food 

    for their children every 

    morning before going 

    to school or even for 

    the whole family, do 

    you know it’s cheaper 

    to cook at home?

5. Some people don’t 

    earn much, but have 

    DSTV at home, go for 

    GOTV and upgrade 

    when your income 

    upgrades. It’s still the 

    same CNN anyway!

6. Eat healthy meals and 

    protect your family 

    from mosquitoes to 

    avoid going to the 

    hospital always.

7. Take advantage of 

    food and fruits in 

    season, its cheaper 

    and you can be 

    creative to create 

    amazing meals.

8.Don’t copy your 

     neighbor’s lifestyle, 

     she earns well and her 

     husband is a ‘big 

     man’

9. Don’t follow trends, 

       wear clean well-

       ironed clothes and 

       keep your hair neat. 

       You would still look 

       good.

10. Keep your circle 

       small, keep only 

       friends that have 

       senses!

11. Above all things, have 

      the fear of God, have 

      integrity, don’t be lazy 

      and be prayerful.

12. Planning is the key, if 

       you fail to plan, you 

       plan to FAIL. 

13. Don't do more than 

      your budget this  

      Time, ther e is no 

      award given to best 

      family that wore an 

      expensive cloth for 

      the year

14.Don't be in 

     competition with 

     anyone...

     The purpose of shoes 

     and clothes are to 

     make us smart and 

     good.

DO NOT LIVE TO IMPRESS ANYONE 

DON'T LIVE A BORROWED LIFE STYLE AND DONT DO THINGS BC OTHERS ARE DOING IT.

What are some interesting facts about psychology related to relationships and love?

 What are some interesting facts about psychology related to relationships and love?

1. Narrow bed.

Spouses should sleep separately or on a very wide bed for their mental and physical health, to get good sleep, and for a healthy environment in the family.

Scientists studying sleep problems have found that 30-40% of couples sleep in different beds.

And that’s actually good because poor quality sleep can lead to divorce.

Therefore, if you want to keep your relationship strong, make sure you sleep well.

What other things do you think can predict an upcoming divorce or help avoid it?

1. Narrow bed.

Spouses should sleep separately or on a very wide bed for their mental and physical health, to get good sleep, and for a healthy environment in the family.

Scientists studying sleep problems have found that 30-40% of couples sleep in different beds.

And that’s actually good because poor quality sleep can lead to divorce.

Therefore, if you want to keep your relationship strong, make sure you sleep well.

What other things do you think can predict an upcoming divorce or help avoid it?

2. After the age of 32, the chances of getting a divorce increase by five percent each year of age at marriage.

They are more likely to divorce than those who tie the knot in their late 20s.

3. Thirty-three percent of people who date online form a relationship, 33% do not, and 33% give up.

4. Post-breakup individuals experience self-concept change and reduced self-concept clarity. They not only feel pain over the loss of their partner but also changes in themselves.

5. Studies show that happiness is contagious. Therefore, it can be difficult to walk away from a partner who is happy, or not love those who are happy mainly because they are so pleasant to be around.

6. Heartbreak is a real thing. It is also known as broken heart syndrome, and the symptoms are similar to a heart attack.

7. Workplace romances are more likely to result in marriage than a couple who met in any other way—even meeting through friends.

8. It's hard to let go

If you just can't shake a breakup, don't beat yourself up.

Romantic rejection is not unlike kicking an addiction, according to 2010 research in Journal of Neurophysiology.

The researchers looked at people who had recently experienced a breakup and who said they were still in love with their exes.

The participants underwent brain scans while looking at photographs of their former flames, as well as photographs of other friends and acquaintances.

When looking at their lost love, the volunteers showed brain activity in a region called the ventral tegmental area, which sits in the midbrain.

This area is known to be activated when people are in love, and in situations involving motivation and reward.

Other reward- and addiction-centered areas, including the nucleus accumbens in the forebrain, also became more active.

The good news is that the strength of the activity faded with time, the researchers reported.

No matter how stubbornly the brain holds on, it eventually lets go.

9. What it means when...a man stops trying.

It means something is missing in the relationship. What’s missing is something he needs in order to feel fully alive as a man.

That missing thing is what I want to tell you about. It’s an obsession all men have.

But they rarely talk about it unless they are a psychologist with a Ph.D. in masculinity and male psychological needs and drives.

But once you know about it, it’s really easy to see how you can use it to your advantage.

When a man stops trying…it’s because he has no outlet for this “obsession”…or at least not in his relationship with you.

As a result, your relationship begins to wither and die.

I want fist battle, not rap challenge – Burna Boy dares Shatta Wale

Entertainment

Nigerian Grammy award-winning singer, Burna Boy, has stated that he wants a physical fight with Shatta Wale and not a freestyle battle in Ghana.

Shatta Wale had challenged Burna Boy to a freestyle battle while insisting that Nigerian artistes are nothing without Ghana.

However, Burna Boy on his Instagram story made it clear that he wants a fist battle like real men do.

According to the ‘Odogwu’ crooner, he wants Shatta Wale to consider the challenge as an easy way out as he could make his life outside Ghana a living hell

On his Instagram post he wrote, “This guy thinks I have time this ain’t 8mile no be rap battle, it’s a fist battle the type real men do.

“We can do it anywhere you want behind closed doors or in the stadium for everyone to see. Stop acting like you don’t know I’ve been trying to set this up since January last year.

“Consider this an easy way out for you because I could easily make your life a living hell anywhere you go outside Ghana. You know I have money than all your Godfathers combined.

Ekwunife Attends The Dedication Of St. Joseph's Catholic Church Nri

 Ekwunife Attends The Dedication Of St. Joseph's Catholic Church Nri

Promises More Legislative Milestones In The National Assembly

  As Bishop commends the Ekwunife family for building the church tower

The Senator representing Anambra Central Senatorial District, Uche Ekwunife, PhD, Sunday, January 2, 2022, graced the dedication of St. Joseph's Catholic Church Nri. 

The Mass for the dedication of the church was celebrated by Catholic Bishop of Awka Diocese, Most Rev Paulinus Chukwuemeka Ezeokafor. The ultra modern church is one of the many parishes that make up the diocese.

Delivering the sermon, Bishop Ezeokafor noted that it was necessary for us as the children of God to always make it an obligation to attend church in order to interact with God, adding that a church is a place where the people of God converge. He stated that the dedication has created an avenue for christians to willingly use the church for prayers.

Speaking further, the Bishop appreciated the family of Chief Larry and Senator Uche Ekwunife for building the church tower, stressing that the lawmaker has taken representation to another level in the red chamber.

In her goodwill message, Ekwunife expressed delight at the dedication, saying that the edifice is a manifestation of God's blessings and grace upon his people. The Senator lauded the roles of the church in the spiritual growth of Christians.

The federal lawmaker reassured that she would at all times come up with workable solutions to tackle the economic challenges facing constituents. She reiterated her commitment towards focusing on projects, programmes and policies that would stimulate economic development.

The Chairman Senate Committee on Science and Technology who was represented by Anambra state former Commissioner of Women Affairs, Lady Henrietta Agbata congratulated the Parish priest and the entire Parishioners of St. Joseph's Catholic church on the successful dedication of the church. She promised more legislative milestones in the National Assembly.

 News

Buhari signs N17tn 2022 budget into law, laments ‘worrisome changes

FILE: From left: Vice President Yemi Osinbajo; the President, Major General Muhammadu Buhari (retd.); and the Senate President, Ahmad Lawan

The President, Major General Muhammadu Buhari (retd.), Friday in Abuja signed into law the 2022 Appropriation Bill and the 2021 Finance Bill.

The President signed the documents in the Presidential Villa in the presence of Senate President Ahmed Lawan, Speaker of the House of Representatives, Femi Gbajabiamila, and other members of the Federal Executive Council.

Speaking at the event, the President said the 2022 Budget, just signed into law, provides for aggregate expenditures of N17.127 trillion, an increase of N735.85 billion over the initial Executive Proposal for a total expenditure of N16.391 trillion.

The President explained that N186.53 billion of the increase however came from additional critical expenditures that he had authorised the Minister of Finance, Budget, and National Planning to forward to the National Assembly.

‘‘The Minister will provide the public with the details of the budget as passed by the National Assembly, and signed into law by me,’’ he said.

President laments ‘worrisome changes’

Buhari also expressed strong reservations on the ‘‘worrisome changes’’ made by the National Assembly to the 2022 Executive Budget proposal, according to a statement by the Senior Special Assistant to the President (Media & Publicity), Garba Shehu, on Friday.

National Assembly with a request for amendment as soon as the Assembly resumes to ensure that critical ongoing projects cardinal to this regime do not suffer a setback due to reduced funding.

The President recounted that during the presentation of the 2022 Appropriation Bill, he had stated that the fiscal year 2022 would be very crucial in his administration’s efforts to complete and put to use critical agenda projects, as well as improve the general living conditions of our people.

‘‘It is in this regard that I must express my reservations about many of the changes that the National Assembly has made to the 2022 Executive Budget proposal.

‘‘Some of the worrisome changes are as follows:

Increase in projected FGN Independent Revenue by N400 billion, the justification for which is yet to be provided to the Executive:

‘‘Reduction in the provision for Sinking Fund to Retire Maturing Bonds by N22 billion without any explanation;

‘‘Reduction of the provisions for the Non-Regular Allowances of the Nigerian Police Force and the Nigerian Navy by N15 billion and N5 billion respectively

‘‘This is particularly worrisome because personnel cost provisions are based on agencies’ nominal roll and approved salaries/allowances;

‘‘Furthermore, an increase of N21.72 billion in the Overhead budgets of some MDAs, while the sum of N1.96 billion was cut from the provision for some MDAs without apparent justification;

‘‘Increase in the provision for Capital spending (excluding Capital share in Statutory Transfer) by a net amount of N575.63 billion, from N4.89 trillion to N5.47 trillion.’’

President Buhari also expressed concern in the reductions in provisions for some critical projects, including N12.6 billion in the Ministry of Transport’s budget for the ongoing Rail Modernisation projects; N25.8 billion from Power Sector Reform Programme under the Ministry of Finance, Budget and National Planning; N14.5 billion from several projects of the Ministry of Agriculture, and introducing over 1,500 new projects into the budgets of this Ministry and its agencies

Messi Continues To Generate Income For Barcelona

 Nigerianewslite

It’s been a couple of months since Lionel Messi departed FC Barcelona. However, the Spanish club continues to be connected with the Argentine forward through the financial side. 

According to AS, Barcelona still sells items related to Messi in its shops. For example, a signed captain’s armband sold for €643.5, a 2020-21 season jersey signed by Messi sold for €1,170, and even a jersey signed by Xavi Hernandez, Andrés Iniesta, and Messi at the cost of €2,950.

The official Barcelona store also continues to use the image of Messi in conjunction with that of other culés legends; such is the case of a kit from the 2013-14 season signed by the Argentine star, Xavi Hernández, and Iniesta. In this case, the price of the garment shoots up to €2,950

Messi left this past summer after Barcelona couldn’t afford to fit his contract under the La Liga wage salary cap. As a result, they had to part ways with their club legend. 

Nonetheless, the Argentine still ‘continues playing’ for Barca and helping his former team generate extra-sports income thanks to exploiting his image.