Headlines 

Bitcoin Could End Up Using More Power Than Electric Cars

The global power needed to create cryptocurrencies this year could rival the entire electricity consumption of Argentina and be a growth driver for renewable energy producers from the U.S. to China. Miners of bitcoin and other cryptocurrencies could require up to 140 terawatt-hours of electricity in 2018, about 0.6 percent of the global total, Morgan Stanley analysts led by Nicholas Ashworth wrote in a note Wednesday. That’s more than expected power demand from electric vehicles in 2025. “If cryptocurrencies continue to appreciate we expect global mining power consumption to increase,”…

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Odds and Ends 

Argentinas government is wooing entrepreneurs with a new law

Marta Cruz is a co-founder and managing partner at NXTP Labs, an early-stage fund for tech companies in Latin America. Despite years of economic uncertainties and the lack of a proper legal framework to help promising startups obtain capital, Argentine entrepreneurs are building a vibrant entrepreneurial ecosystem. The country is home to many of Latin Americas biggest startup success stories, and with the introduction of one new law, the pathway to success is about to get a whole lot easier. Last month, the Senate voted unanimously to approve legislation supporting…

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