Brydris

It Won’t Stop Going Up!

With the bitcoin halving on its way on April 19th 2024, the current price for Bitcoin is going up as retail investors are putting all their life savings into the coin for mass amounts of profits and almost reaching its current all-time highs which is approximately $69,000 per bitcoin.

Not only that, but other altcoins are following suit of this as many meme coins and altcoins are also reaching all-time highs since 2022 and the numbers are looking pretty handsome.

Noteably, the coin Shiba Inu has spiked in price within the past week as it made an increased of its price of 165% which is a staggering amount. Resulting in a principal amount of say $70 to $700. The 165% is not applied to the fiat amount invested, but rather it would actually be applied to the amount of coins that you have and that number is astronomical if you were convert that in dollar amounts as Shiba Inu have copious amounts of coins floating around for such a low price of even one single coin which is not even worth 1 cent.

Submarines Damaging the Optic Wires in the Red Sea

A total of four underwater cables were recently cut due to the submarine made an impact on the optic wires in the Red sea. Speculators have believed that Yemen’s Houthis is solely responsible for this event, possibly to sabotage the networks that are connecting to India, Pakistan, and East Africa.

It would be no surprised as though they were responsible for the lack of shipments coming through the Red Sea as that is the shortest way to deliver from and to the West part of the world. Yemen’s Houthis were possibly also responsible for the current inflation of prices for goods as shipments now made an alternative route to the western world, resulting to more costs for man power to man the ship and more time consuming as these crew members are paid on a time frame.

This pathway of the internet connects to Europe, Asia, and the Middle East as all the countries that reside in these locations were without connection due to the ruptured wires in the Red Sea. This would mean that people who are having Zoom calls from Asia to India would be without contact and that would disrupt the flow of business for some countries. Not only that, but also apps that require an internet connection such as financial apps would be inaccessible to many which would be disastrous to many folks.

Houthis has claimed that they have not made this incident happen as they have blamed it on a possible collision with a ship. But in the past, they did mention that they would target the cables eventually, but right now they have put the blame on someone else.

Supposedly.

Right now, over 99% of internet traffic is all connected to hundreds of undersea cables, according to CNET.

Major tech giants like Google, Meta, and Microsoft are currently building new optic wires which costs up to $350 million per wire. It would make sense as Google would like to keep their services going non-stop and wouldn’t want a disruption of such services like Youtube, as that platform is running 24/7 and people all over the world are making content daily for every second of the day to every day of the year whether you’re streaming or uploading video, to even watching the content displayed from the platform.

European Commission Fines Apple $2 Billion

On March 2, 2024 the European Commission has fined Apple to $1.9 billion for preventing people to an alternative cheaper subscriptions to music outside of Apple’s App store which resulted to users paying higher than they would have instead of the alternative.

Then Apple came out and called out Spotify in which they were considered a monopoly in the industry. Spotify has spoken to Apple about their complaints in 2019 which led to their investigation resulting in this penalty. This penalty fine is actually the third most largest penalty fee of all-time from the European Commission.

On Thursday the European’s Digital Markets act aims for smaller companies to compete with the bigger companies in the tech industry so it would be fair to all and can thrive together rather than a monopolized industry.

This would be great for other up and coming music streaming companies as Spotify would fizzle out of their profits slowly and redistributing all that revenue to other companies that want a slice of that pie. And it would mean that there would be competition of whether or not these other streaming services will have exclusive content on there because they have the capital to fund these content creators with their music and podcast that Spotify would probably not have, unless Spotify makes an agreement with the creator such as Joe Rogan with his $250 million deal to post exclusive content on Spotify’s platform.