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Share link:In this post: Canadian elementary school Lake Superior Academy has taken legal action against a crypto mining center over noise concerns. The mining center has reportedly been generating a high-pitched metallic hum since March. The school superintendent, Susie Schlehuber, mentioned that she tried to resolve things with the mining center without success.
Share link:In this post: VPN downloads in the UK surged after new age verification rules took effect under the Online Safety Act. Proton VPN saw a 1,400% spike in UK sign-ups, becoming the top free app on the App Store. Critics argue the law, aimed at protecting underage users, infringes on digital privacy, while Ofcom admits it’s not foolproof.
Quick Take Qubic’s “useful proof of work” mining strategy gained control over 20% of Monero’s hashrate, raising concerns over the privacy chain’s decentralization and security. Further plans by Qubic to cease hashrate reporting after Aug. 2 have raised additional concerns about a potential 51% attack that could disrupt transactions and network integrity.
- 20:47Trump: (Regarding the Federal Reserve's statement about Cook) I will abide by the court's decisionJinse Finance reported that U.S. President Trump said: (Regarding Federal Reserve Governor Cook) We are ready for a legal battle. Cook appears to have engaged in misconduct. We need people who are 100% honest and upright. (Regarding the Federal Reserve's statement about Cook) I will abide by the court's decision.
- 20:39Cook can still participate in the Federal Reserve's interest rate meetings, pending court decisionAccording to ChainCatcher, citing Golden Ten Data, Cook has stated through his private attorney that he will challenge his position as a Federal Reserve Board member in court and seek a judicial ruling. A Federal Reserve spokesperson said they will comply with the court's decision. Cook's status as a board member has not changed before the next meeting, and he can still participate in the interest rate decision meeting on September 16-17.
- 20:38Insider: Trump Plans to Appoint Milan and Former World Bank President to the Federal Reserve BoardJinse Finance reported, citing the Wall Street Journal, that according to informed sources, Trump has informed his advisors that he hopes to announce a nominee to replace Cook as Federal Reserve Governor as soon as possible. Trump stated that he may appoint his economic advisor, Milan, to succeed Cook. Other potential candidates discussed by Trump, according to sources, include former World Bank President David Malpass—a close ally of the president who has criticized the Federal Reserve for not cutting interest rates. If Milan is nominated to replace Cook, Malpass may be nominated to fill another vacancy on the Federal Reserve Board.