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Posted November 29, 2021

Ray Blanco

By Ray Blanco

Crypto Craze: Cryptocurrency Hits Record Inflows

There’s been no shortage of exciting crypto news lately, and today is no different. 

Whether the news is big or small, cryptocurrency continues to be one of the most active topics in the world. 

And while the markets took a break for the holiday last week, cryptocurrency trading was as busy as ever.

Read below for more on that and everything I have my eye on this week…

  1. Cryptocurrency Hits Record Inflows 

Crypto trading saw a big week last week… 

Both cryptocurrency products and funds saw record inflows, totaling $1.5 billion. 

A report on Monday from digital asset manager CoinShares showed that bitcoin optimism is soaring from the trading of exchange-traded funds.

As of November 26th, inflows climbed to $9.5 billion.

This far exceeds the previous record set for the whole of 2020 at $6.7 billion. 

  1. Twitter’s Jack Dorsey Steps Down as CEO

Earlier today, Jack Dorsey, Co-founder, and CEO of Twitter announced that he would be stepping down as CEO effective immediately. 

"I've decided to leave Twitter because I believe the company is ready to move on from its founders," Dorsey said in a statement. 

Twitter's chief technology officer, Parag Agrawal, will take over as CEO.

Another stipulation from Musk was that “it must be open source accounting, so the public sees precisely how the money is spent."

This comes six years after Dorsey returned to the CEO position to turn around the social media company’s business.

  1. New Products Unveiled, Aiming to Help Kids Rebuild Social Skills Following the Pandemic

A hot topic of debate surrounding Covid-19 lockdowns centered around the opening and closing of schools.

One argument against closures is that children's social skills will suffer greatly as they aren’t exposed to a social environment beyond a computer screen.

Now, a crop of toys and products have been launched that aim to help young children return to everyday life and redevelop their social and emotional skills after spending roughly 21 months stuck at home.

Some toymakers have also made pandemic-themed toys to help kids better adjust to the changes brought on by Covid-19.

  1. Tech is Improving at an Exponential Rate

Saying that technology advances quickly isn’t exactly a contested statement.

However, it begs the question, how does rapidly advancing tech affect our society? 

Once seen as mythical technology — AI, electric vehicles, gene editing— are all improving at an almost daily rate.

One observed issue is that technology advances far too fast for governments and lawmakers to keep pace. 

  1. The Future is Electric for Ford

Ford is hard at work positioning itself as one of the dominant players in the electric vehicle (EV) space. 

Which makes its latest goal slightly unsurprising, although ambitious. 

Ford recently stated that it wants to become the largest EV producer in the world. 

To do this, Ford is aggressively investing with plans to spend over $30 billion through 2025 to electrify its fleet.

To a bright future,

Ray Blanco

Ray Blanco
Chief Technology Expert, Technology Profits Daily
AskRay@StPaulResearch.com

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