{"id":1122154,"date":"2021-12-15T15:43:49","date_gmt":"2021-12-15T20:43:49","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1122154"},"modified":"2021-12-15T15:43:53","modified_gmt":"2021-12-15T20:43:53","slug":"cryptocurrency-company-backed-by-gwyneth-paltrow-flops-in-stock-market-debut","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/cryptocurrency-company-backed-by-gwyneth-paltrow-flops-in-stock-market-debut\/","title":{"rendered":"Cryptocurrency Company Backed by Gwyneth Paltrow Flops in Stock Market Debut"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fcryptocurrency-company-backed-by-gwyneth-paltrow-flops-in-stock-market-debut%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1122154&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p class=\"subheading\">Shares of TeraWulf, a cryptocurrency miner backed by actress Gwyneth Paltrow \u2014 who <a href=\"https:\/\/www.breitbart.com\/entertainment\/2020\/01\/11\/gwyneth-paltrows-goop-sells-out-vagina-scented-candle\/\">sells candles<\/a> that she says smell like her genitalia \u2014 fell sharply during the company\u2019s public trading debut on the Nasdaq stock market.<\/p>\n<p>The <a href=\"http:\/\/Cryptocurrency%20Company%20Backed%20by%20Gwyneth%20Paltrow%20Flops%20in%20Stock%20Market%20Debut\">drop in share price<\/a> arrives amid a broader drop in the shares of other cryptocurrency miners, which use massive amounts of computing power while competing to win freshly minted tokens for processing transactions, according to a <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-12-14\/gwyneth-paltrow-backed-crypto-miner-terawulf-tumbles-in-debut\">report<\/a> by&nbsp;Bloomberg.<\/p>\n<figure id=\"D-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"M-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"gmxrevmore\" class=\"H\"><\/figure>\n<p>The quantity of electricity used is equal to the amounts by some nations, the report adds.<\/p>\n<div id=\"attachment_12464762\" class=\"wp-caption alignnone\" readability=\"36\"><a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/12\/gwynethpaltrowgooppuss1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-12464762\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/12\/gwynethpaltrowgooppuss1.jpg\" alt width=\"640\" height=\"480\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">LOS ANGELES, CALIFORNIA \u2013 JANUARY 21: Gwyneth Paltrow attends the goop lab Special Screening in Los Angeles, California on January 21, 2020. (Photo by Rachel Murray\/Getty Images)<\/p>\n<\/div>\n<div id=\"attachment_8405528\" class=\"wp-caption alignnone\" readability=\"36\"><a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/12\/GettyImages-914858352.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-8405528\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/12\/GettyImages-914858352.jpg\" alt=\"A picture taken on February 6, 2018 shows a visual representation of the digital crypto-currency Bitcoin, at the &quot;Bitcoin Change&quot; shop in the Israeli city of Tel Aviv. \/ AFP PHOTO \/ JACK GUEZ (Photo credit should read JACK GUEZ\/AFP\/Getty Images)\" width=\"640\" height=\"480\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">A picture taken on February 6, 2018 shows a visual representation of the digital crypto-currency Bitcoin, at the \u201cBitcoin Change\u201d shop in the Israeli city of Tel Aviv. \/ AFP PHOTO \/ JACK GUEZ (Photo credit should read JACK GUEZ\/AFP\/Getty Images)<\/p>\n<figure id=\"M-ROS-B2\" class=\"a8d\"><\/figure>\n<\/div>\n<p>Moreover, crypto mining stocks have reportedly been \u201chard hit\u201d following the sharp selloff in Bitcoin prices and concern of falling profitability, according to Chris Brendler, an analyst covering the industry at DA Davidson &amp; Co.<\/p>\n<p>\u201cProfitability has fallen dramatically,\u201d&nbsp;Brendler said. \u201cThe price of Bitcoin going down and global hash rate going up means bad news for miners.\u201d<\/p>\n<p>In recent months, many celebrities have <a href=\"https:\/\/www.breitbart.com\/tech\/2021\/11\/18\/celebrity-nft-projects-from-grimes-and-pro-china-john-cena-have-been-a-catastrophic-failure\/\">attempted to cash in<\/a> on the recent NFT (non-fungible token) craze, but for some, it has turned out to be less than profitable. Pro-China actor and wrestler John Cena has described an NFT project he was involved in as a \u201ccatastrophic failure.\u201d<\/p>\n<p>While&nbsp;Paltrow\u2019s dabbling in the&nbsp;cryptocurrency market takes a dive, her genitalia and orgasm-scented candle business has also appeared questionable.<\/p>\n<p>Earlier this year, a British woman who owned one of Paltrow\u2019s \u201cThis Smells Like My Vagina\u201d candles&nbsp;<a href=\"https:\/\/www.breitbart.com\/entertainment\/2021\/01\/19\/woman-says-gwyneth-paltrow-vagina-scented-candle-exploded-in-her-home\/\">said<\/a>&nbsp;that \u201cGwyneth\u2019s vagina candle exploded in my living room.\u201d<\/p>\n<p>\u201cI\u2019ve never seen anything like it. The whole thing was ablaze,\u201d the woman said of the incident. \u201cIt could have burned the place down.\u201d<\/p>\n<p>In May, Paltrow\u2019s Goop company was <a href=\"https:\/\/www.breitbart.com\/entertainment\/2021\/05\/19\/gwyneth-paltrows-goop-sued-over-vagina-scented-candle-that-allegedly-exploded\/\">reportedly<\/a> being sued by a customer who claimed the vagina-scented candle he had bought caught fire and exploded. The customer alleged the product can cause injuries and is \u201cinherently dangerous.\u201d<\/p>\n<p><em>You can follow Alana&nbsp;Mastrangelo on <a href=\"https:\/\/www.facebook.com\/ARmastrangelo\">Facebook<\/a> and Twitter at <a href=\"https:\/\/twitter.com\/ARmastrangelo\">@ARmastrangelo<\/a>, and on <a href=\"https:\/\/www.instagram.com\/alanamastrangelo\/\">Instagram<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of TeraWulf, a cryptocurrency miner backed by actress Gwyneth Paltrow \u2014 who sells candles that she says smell like her genitalia \u2014 fell sharply during the company\u2019s public trading &#8230;<\/p>\n","protected":false},"author":35,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1122154","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1122154","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1122154"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1122154\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1122154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1122154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1122154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}