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We Might See “Crypto Cities” Sooner Than You’d Think

Posted November 22, 2021

Ray Blanco

By Ray Blanco

We Might See “Crypto Cities” Sooner Than You’d Think

Before we get into today’s update, I just wanted to mention that we have a shortened trading week this week. 

The Market will be closed for Thanksgiving this Thursday and closed for a half day on Friday.

With that quick housekeeping note, let’s get into it. 

What would a city run entirely by cryptocurrency look like? 

Well, it turns out we might not have to wait that long to see… 

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

  1. El Salvador Planning to Build ‘Bitcoin City’

Not too long ago, the El Salvadoran government set up a Bitcoin mining facility that utilizes the Conchagua volcano for the energy requirements. 

Now, El Salvador is planning to build the world's first ‘bitcoin city’. 

The city will be issued off bitcoin bonds and will be free of income, property and capital gains taxes.

The current plan is to issue $1 billion in tokenized US-dollar denominated 10-year bonds.

  1. The UN Sends Elon Musk its $6 Billion Plan to Combat World Hunger.

Twitter clashes are not uncommon to Tesla CEO Elon Musk… 

Musk recently butted heads with David Beasley, the director of the UNs World Food Program, claiming he would sell Tesla stock to fund a plan to combat world hunger if the WFP could describe "exactly how" it would work.

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

With a plan laid out now, it’ll be interesting to see where things go from here. 

  1. Apple has a New, Aggressive Target for its EV Launch 

There are always a few rumors circulating about the potential for an Apple car. 

However, it looks like we might see one sooner rather than later. 

Apple reportedly wants to debut a fully driverless electric vehicle by 2025.

This would put them ahead of the 2026-2028 estimate that engineers had been planning for.

  1. The Next Big Startup Craze? Space Junk Removal 

In a recent test, Russia launched a missile at one of its own satellites to test its anti-satellite capabilities. 

This test created at least 1,500 units of space debris and is a fresh reminder of the problem of space junk. 

With a new space race emerging among private enterprises, the cosmos could grow even more crowded.

As elbow room in our immediate space becomes few and far in between, some companies are looking at the business opportunity of becoming interstellar garbage removers.

  1. China Brings Down the Regulatory Hammer Again

A few of China’s biggest tech companies caught another swing of the regulatory hammer...

Alibaba, Tencent, and Baidu all got hit with antitrust fines over the weekend. 

These are just more fines in China’s year long campaign to clamp down on big tech. 

To a bright future,

Ray Blanco

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

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