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A village in the Central African Republic. The Central African Republic is a landlocked nation within the interior of the African continent. It is bordered by Cameroon, Chad, Sudan, South Sudan, the Democratic Republic of the Congo, and the Republic of the Congo. The country lies between latitudes 2° and 11°N, and longitudes 14° and 28°E.
This makes it the most energy-intensive Bitcoin mining operation in the United States. [258] The world's second-largest cryptocurrency, Ethereum, uses 62.56 kilowatt-hours of electricity per transaction. [259] XRP is the world's most energy efficient cryptocurrency, using 0.0079 kilowatt-hours of electricity per transaction. [260]
The Federal Open Market Committee action known as Operation Twist (named for the twist dance craze of the time [1]) began in 1961. The intent was to flatten the yield curve in order to promote capital inflows and strengthen the dollar. The Fed utilized open market operations to shorten the maturity of public debt in the open market.
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