🐶 The Rise of Dogecoin and Privacy Tech

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The Boom In The Privacy Tech Industry

In 2012 around 2.5 billion gigabytes of global data was generated daily. By 2025 that number will balloon to 463 billion gb, thanks to smartphones, autonomous cars, wearables, 5G, and other new technologies. Coupled with this growth is the explosion in data breaches and irresponsible data practices and the government's power to buy consumer data for "profiling" and "security". VPNs and Tor browsers aren't enough anymore. And strict privacy laws such as GDPR and CCPA don't cover the world outside Europe. 

All of this has led to massive demand for development of privacy technology. 

But who's funding privacy tech?

For the last decade, privacy tech was trumpeted as one of the next ‘big things’ for investors. The sector amassed nearly $10 billion in investment in 2019. Crunchbase lists 207 privacy startups (as of April 2021) that have together raised more than $3.5 billion over hundreds of individual rounds of funding. And it’s not just bigger, established businesses offering privacy and compliance tech; brand-new startups are filling in the gaps in this emerging space.

Clearly, privacy is getting increasingly dearer.


Digital Identities And The Future Implications?
The concept of identity is expanding. We are increasingly known for our online presence and unique behaviour. And this creates several problems for the future. 

Dogecoin Rising - The Meme Currency That's Making Millionaires

Dogecoin (DOGE) - the Elon Musk-backed cryptocurrency - has skyrocketed 3000% this year! The crypto rose by 400% alone last week, touching a peak of 43 cents on April 20. The internet is now planning to declare April 20 as "Dogeday" to celebrate this meteoric rise. 

What is Dogecoin?

Dogecoin is a joke — or at least it started out as one. Two software engineers — Billy Markus and Jackson Palmer — created Dogecoin in 2013 to lampoon all the altcoin wannabes that popped up after Bitcoin rose to fame. As a logo, they chose a Shiba Inu from a meme called Doge, which went viral that same year.

How it all started? 

Elon Musk's tweets. That's what ruffled the crypto market. For the past several months, Musk has been repeatedly tweeting memes about Dogecoin, calling it the people's cryptocurrency and even cracking jokes about investing in it for fun. These were obviously just jokes, since Musk later went on to invest $1.5 billion in Bitcoin, instead of in "Dogecoin". His followers and some very quirky Redditers, however, took his tweets rather seriously and started investing in the cryptocurrency for real. 

Ground reality

The Good:
Dogecoin, like Gamestop, has made people rich. That's right, the joke currency has turned millennial into millionaires. Here's a story about a 33-year-old Redditer who turned his $180,000 investment in DOGE into $1 million in 40 days. 

The Bad: This dogecoin frenzy has been driven largely by retail traders hoping to get rich real quick. People aren't buying the cryptocurrency because they think it has any meaningful value. They are simply trying to join the bandwagon, hoping others will pile in, push the price up and then they can sell off and make a quick buck.

In fact, last month's blockchain data released that an anonymous person or group controls around 28% of all the dogecoin tokens - proving that only few retailers own large proportions of the cryptocurrency. Which means it means it only takes one person to dump all their holdings for the DOGE market to tank. 


The Hottest Japanese Startups of 2021
The Japanese economy is buzzing with start-ups. So we've compiled a list of the hottest startups in Japan to check out in 2021. 

Amazon Is Investing In Some Weird Innovations 
Looks like saying goodbye to Jeff Bezoz has set the weirdo inside Amazon free to explore some quirky/offbeat innovations. The company is investing in technology that would "change the future of shopping". Here's how. 

Amazon Salon: The company plans to open a hair salon in London where it will test its AR technology on the customers allowing them to virtually try on different hair colours before making a commitment to a new shade.

Palm Scanner: The new biometric device - the Amazon One scanner - will allow shoppers at whole Foods to buy groceries without having to stand in the checkout line. Your payment details will be connected to your palm signature, which will be scanned on entry. So you can literally pay for your goods with your palm.
Why Sweden Is A Global Tech Superpower?
Among its Scandinavian neighbours, Sweden is known as the most progressive place for growing technology businesses.

Shorts
  • Netflix shares fell by over 13% after a drastic slowdown in subscriptions (50% less than expected). Meanwhile Disney+ subscriptions crossed a 100 million in March, thanks to Marvel and Mandalorian. 
  • Google Earth's new update - Timelapse - gives you a 3D video of how the world has changed in the past 4 decades - a satellite capture of over 24 million high-res images of every part of the Earth over the last 37 years. 
  • Clubhouse recently completed a fresh round of Series C funding, taking its valuation to $4 billion.  
  • The Turkish Central Bank plans to ban the use of cryptocurrencies for any transactions within the country. Bitcoin and Ethereum - the two largest cryptocurrencies - fell in value by 4% and 3.9% in value as a result of the announcement
  • Facebook announces new Clubhouse-style audio formats - including live audio rooms and Spotify-partnered podcast (called Project Boombox).    
  • EU plans to ban Artificial Intelligence systems considered a clear threat to the safety, livelihoods and rights of people.
  • According to a report by American Express, travel and entertainment expenses jumped 40% month over month in March.
Stash Recommends: Tools to Explore
Katana: An MRP software designed to build smart manufacturing enterprises through automated booking, operations tracking and powerful integrations.

GoCardless: A global payments platform made for recurring payments that operates in over 30 countries and with over 55,000 partners.

Toggl: A project management software that enables real-time collaboration and easy task-management in order to get better results and reduce stress. 

WeTransfer: An easy to use online file sharing service that can allows you to transfer files of any amount or size.

Best GoDaddy Alternatives To Register Your Domain
New domain registration tools pop up everyday. Check out these alternatives to GoDaddy to register your domain name. 

 
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