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Bitcoin energy use in Iceland set to overtake homes, says local firm

Iceland is facing an “exponential” rise in Bitcoin mining that is gobbling up power resources, a spokesman for Icelandic energy firm HS Orka has said. This year, electricity use at Bitcoin mining data centres is likely to exceed that of all Iceland’s homes, according to Johann Snorri Sigurbergsson. He said many potential customers were keen to get in on the act. “If all these projects are realised, we won’t have enough energy for it,” he told the BBC. Mr Sigurbergsson’s calculations were first reported by the Associated Press. Iceland has…

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Facebook to promote local news in drive for 'trusted' content

Facebook says it is changing the way its news delivery service works by focusing on local news sources in its drive for “high quality” content. “Local news helps us understand the issues that matter in our communities,” explained chief executive Mark Zuckerberg on his page on Monday. The update will initially apply to the US before it is rolled out more widely. It comes after Facebook announced that it was making posts from businesses, brands and media less prominent. “Starting today, we’re going to show more stories from news sources…

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BBC to scrap £10m cuts to local radio, says Lord Hall

The BBC is to scrap its plan to cut £10m from its local radio budget, in a bid to become “more local”, director general Lord Hall has said. Speaking at an event marking the 50th birthday of BBC local radio, he promised a “renaissance” for the broadcaster’s 39 regional stations. He said the savings target – previously announced after a review of the BBC’s local services – had been cancelled. The BBC will instead invest in local radio to boost creativity, he added. BBC local radio at 50: relive the…

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