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Carnage in the cryptocurrency market is nothing new. Over the past decade, even as the value of cryptocurrencies like bitcoin and ether has risen sharply, crashes have been a regular feature of the market. (There’s a reason HODL—“Hold on for dear life”—is a mantra among crypto believers.) But even by crypto standards, the destruction of value over the past six months—and in particular, over the past few weeks —has been staggering. Since November, something like $1.5 trillion in cryptocurrency value has been erased . Bitcoin and Ethereum, the market’s bellwethers, are both down about 60 percent from their peaks. And most strikingly, the so-called stablecoin Terra and its sister token, Luna, which together were valued at about $60 billion six weeks ago, imploded in a matter of days and are now essentially worthless. This huge sell-off of course raises a natural question: What happened? You can certainly point to potential culprits. Inflation and interest rates are rising … [Read more...] about How Crypto Disappeared Into Thin Air

Last summer, California suffered one of the most savage fire years in its history. Drought and scorching temperatures turbocharged fires that were more extreme than ever. Two of the biggest fires in state history laid siege to more than a million acres in Northern California, burning dangerously close to Lake Tahoe. Firefighters didn't have a day off for months. Fire chiefs warned there weren't enough aircraft to go around. "It's a war," one told us. So fire chiefs from Southern California stole a page from the military: taking the fight to the night. As we first reported last fall, a fleet of high-tech helicopters fought wildfires 24/7. And for the first time, the giant Chinook – you've seen them in other war zones –led the night assault. It was an $18 million pilot program – that the fire chiefs hope will be a game-changer. The U.S. Forest Service was already short-staffed when the Caldor Fire exploded last August, churning toward South Lake Tahoe. Thousands of residents were … [Read more...] about “It’s a war”: California turns to new, high-tech helicopters to battle wildfires

KAI SCHWOERER/STUFF Arama Kukutai – the Kiwi CEO of Plenty – a vertical farming company in the US, explains how his company might feed the world, using fewer resources than traditional farming methods. New Zealand farmers and the primary industry should not shy away from new opportunities because of a history of exporting commodities, says primary industry leaders. Speaking at the recent E-Tipu agri summit in Christchurch, professor Caroline Saunders, from the agribusiness and economics research unit at Lincoln University, said, to capture more value, the primary industry needed to move away from a transactional commodity supply chain and become a chain that focused on value creation. No food product should leave New Zealand shores as a commodity but should be exported as high-value products, Saunders said. In the past, selling fresh produce and animal proteins provided the sector with massive returns but for real growth this needed to change, Saunders said. READ … [Read more...] about Change creates opportunity for the farming industry