Daily column – 13th August 2021

Reddit’s value is going up! Following its recent capital injection from Fidelity, Reddit, the ancestral cradle of memes, is now valued at $10 billion. Over the last 2.5 years, the value of the social media firm has more than quadrupled. The flood of exposure Reddit earned for its involvement in the meme stock craze this winter, … Read more

Daily Column – 12th August 2021

How do you fold your phone? Samsung is confident in its foldable phone portfolio, because innovation is a circle after all. They have launched two types yesterday:  The Galaxy Z Fold 3, which folds out like a book into a 7.6-inch tablet. Galaxy Z Flip 3, which flips vertically allowing you to relive your early 2000s … Read more

Surge in Gas Prices

The benefits of visiting a gas station (wonderful scent) are beginning to outweigh the disadvantages (increasing pricing), and the White House is trying to respond. The Biden administration requested OPEC+ to produce more oil yesterday, claiming that high gas prices are hurting the economy’s recovery. The Organization of Petroleum Exporting Countries (OPEC) is a collection … Read more

United Nations is talking about the climate again

The IPCC (Intergovernmental Panel on Climate Change), a UN task group, published a 3,949-page report Monday that dubbed current climate change trends “code red for mankind.” Here’s what you should know. It’s entirely our fault. If there was any question that volcanoes may have a role in climate change, the IPCC dispelled it. The experts stated, … Read more

Automobile sector looking at a rejig

The highways in the United States are going to get a lot quieter. President Biden issued a non-binding executive order Friday mandating that half of all new automobiles sold in the United States by 2030 be all-electric, plug-in hybrid, or hydrogen-powered. Simultaneously, the Environmental Protection Agency recommended stricter fuel-efficiency rules for automobiles, reversing a Trump-era … Read more

Robinhood taking the markets for a ride

Robinhood is most known for fueling the growth of so-called meme stocks like GameStop and AMC, which soared earlier this year not because of economic fundamentals, but because people on social media thought them humorous. Investors wondered, well before it went public last week, if Robinhood would become a meme stock. So far, it looks that the … Read more

Top takeaways from the July 18th crypto summit

On July 18th, 2018, the US Congress held a subcommittee hearing on crypto. The focus of this hearing was “to explore key issues related to cryptocurrencies and their potential impacts on law enforcement”. This post will go over the top 5 takeaways from this meeting. 1. The Bitcoin XT Case One of the first things … Read more

NFT’s and Taxes

The National Financial Technology Coalition reports that the new year will bring a lot of tax changes with it. In the United States, in particular, this includes big changes to tax laws for cryptocurrency-related transactions. NFTs are also expected to be expanded on a global scale after being embraced by many to avoid capital gains … Read more