The only daily news program focused exclusively on technology, innovation and the future of business from San Francisco.
Bloomberg Chief Washington Correspondent Joe Mathieu delivers insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy.
With the development of renewable energy accelerating, the pipeline business increasingly finds itself against the ropes. The Biden administration dealt a death blow to Keystone XL, and the fate of similar projects remains uncertain. As fossil fuel dependency begins to wane, this multibillion dollar industry could soon go the way of the dinosaurs.
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Olga Kharif
Prices of Ether and nonfungible tokens that often run on the Ethereum network have diverged sharply as investors snap up the second-largest cryptocurrency ahead of the blockchain’s highly anticipated software upgrade.
Ether has soared 54% between June 13 to Aug. 15, according to data compiled by Bloomberg. NFTs, on average, have declined almost 19% over the same period, according to researcher NonFungible. Cryptocurrencies hit a low in mid-June — with Ether falling below $1,000 on June 18 — after the collapse of the Terra blockchain and when its ripple effects began to topple hedge fund Three Arrows Capital and lender Celsius Network.
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