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Bitcoin hits $40,000…

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Bitcoin hits ,000…

Causing observers to run out of superlatives and Google users to query about whether a crash is coming, bitcoin’s price topped $40,000 for the first time Thursday, only hours after the leading cryptocurrency blew past $38,000 and $39,000.

  • The price of bitcoin set a new-all time high of $40,123.30, up 13.45% over the last 24 hours. Yesterday, bitcoin (BTC, +8.43%) passed $36,000 and $37,000 for the first time before rocketing today past $38,000, $39,000 and now $40,000.
  • It continues a wild start to 2021 and follows a landmark year in which the cryptocurrency rose more than 300%, with an almost 50% gain in December alone. On Nov. 30, bitcoin breached a nearly three-year-old high of $19,793. By the close of Dec. 31, the cryptocurrency had risen about $10,000.
  • Seven days into 2021, bitcoin is on pace to put December’s performance to shame. It’s now up 36%, or about $11,000.
  • Bitcoin’s price is now more than twice that previously mentioned all-time high of $19,783 reached during 2017’s bull market run.
  • The prevailing narrative of this record-setting run is a growing view that bitcoin represents a form of “digital gold,” a view that has brought a flood of institutional investors into the cryptocurrency. Among them: Anthony Scaramucci’s Skybridge Capital ($182 million in December); insurance giant MassMutual ($100 million in December); and Guggenheim Investments (up to 10% of its $5 billion macro fund).
  • The latest records, however, may have more to do with the storming of the U.S. Capitol on Wednesday by President Donald Trump’s supporters believing the election was rigged and upset by the certification process that was underway than with any inflation hedge.
  • Global macro uncertainty has the potential to devalue fiat currencies, which in turn could potentially increase the attractiveness of bitcoin. A disputed election followed by protestors breaking into the Capitol with at least one person being shot and killed would seem to fall under the category of “uncertainty.”
  • In addition, with the Democrats now in control of both the House and the Senate in the U.S. the chance of increased government spending is viewed as going up. Increased spending is considered a possible source of inflation, against which bitcoin is viewed as a hedge.
  • With a market value now of $746 billion, bitcoin is more valuable than all but seven publicly traded companies, sitting between Tesla at $758.8 billion and Tencent at $723.0 billion.
  • The market’s supply of dollar-pegged stablecoins is keeping pace with bitcoin’s meteoric rise. Since New Year’s Eve, the supply of tether (USDT, -0.17%) has growth by over 10%, reaching 22.7 billion USDT at last check. Total supply of the runner-up stablecoin, Circle’s USDC (+0.01%), has also grown by double-digit percentages so far in January, currently sitting at 4.4 billion USDC, according to Glassnode.

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Business

BITCOIN GOES BOOM ^ ABOVE 50K 1st TIME E V E R.

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BITCOIN GOES BOOM ^ ABOVE 50K 1st TIME E V E R.

KEY POINTS

  • Bitcoin surged to an all-time high of more than $50,000 on Tuesday.
  • Large firms like Tesla, Mastercard and BNY Mellon have shown support for cryptocurrencies.
  • Many crypto investors believe the current bull run is different to a late 2017 bubble.

MORE… CNBC. 😉

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Fertility App Told FACEBOOK When Women Were Ovulating…

Flo Health accused of improperly sharing data with Facebook, including whether users were ovulating…

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Fertility App Told FACEBOOK When Women Were Ovulating…

WASHINGTON WSJ —The Federal Trade Commission reached a settlement with Flo Health Inc., the developer of a widely used period and fertility-tracking app, over allegations that it improperly shared personal data with Facebook and others, including whether users were ovulating.

The data shared by Flo Health often allowed online ads to be targeted to those users, despite Flo Health’s promises that the information would be kept private, The Wall Street Journal found in a 2019 article.

The FTC’s vote on the proposed settlement was 5-0, the agency said Wednesday. The proposed settlement with the FTC, if it becomes final following public comment, would require Flo Health to obtain an independent review of its privacy practices and get users’ consent before sharing their health information, the agency said. The company also must notify consumers of the FTC charges that it shared consumers’ personal information without their consent, commissioners said.

In a statement, a Flo spokesperson said the company cooperated with the FTC, adding, “We are committed to ensuring that the privacy of our users’ personal health data is absolutely paramount.”

Keep reading on Wall Street Journal

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Tiny-house sales boom…

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Tiny-house sales boom…

Source: Yahoo

  • In 2020, the tiny-house movement saw an increase in interest and a boom in sales thanks to the coronavirus pandemic. 
  • Insider spoke to experts about what they think the movement needs to achieve this year for tiny houses to become a legitimate housing option.
  • Zack Giffin, the host of “Tiny House Nation,” said the movement’s main goal in 2021 is to convince more states and municipalities to legalize tiny houses across the country.
  • To do that, experts say, the movement must market itself as a great option for singles and couples with no children, it must rebrand itself as an affordable housing option, and it must distance itself from RVs and camper vans. 

When the coronavirus pandemic swept across the country in 2020, Nick Mosley didn’t know what would happen to his tiny-house construction business. 

In March, his business, California Tiny House, was operating out of a 12,000-square-foot warehouse in Fresno, California. Mosley braced for the worst, knowing he wouldn’t be able to market his company at festivals or offer tours for the foreseeable future. 

However, rather than see a downturn, Mosley was inundated with emails and phone calls from people inquiring about tiny houses. By December, Mosley had expanded his warehouse to 22,000 square feet and hired four more staff members to meet the demand and to keep his employees safe.

tiny house
The tiny-house movement is changing. picture alliance / Getty

It ended up being a record year for the company, which built 30 tiny houses in 2020 alone. It was a direct impact of the coronavirus, Mosley said, as new groups of people became interested in the growing movement. 

“The pandemic created a new need or created a new customer base that may not have been there previously,” he told Insider. “There are a lot of people that need backyard offices so that they can work from home but have separation from their family. There are college students that don’t want to be in dorms because they’re not socially distanced.” 

Keep reading on Yahoo News…

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