Tech Brew Ride Home Mon. 07/26 – What The Heck Is Happening In China?
Jul 26, 2021
The U.S. Department of Justice is investigating Tether for alleged bank fraud, raising concerns in the crypto world. Exciting updates are on the horizon for Apple, including the potential arrival of Face ID on Macs. Meanwhile, challenges for Microsoft's Surface Duo 2 surface, including software bugs and delays. In a sweeping regulatory shift, China is tightening its grip on tech, moving focus from consumer apps to military applications, reshaping the global tech landscape. The chaos of navigating live sports streaming also gets a humorous critique.
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Tether's Importance and DOJ Probe
- Tether, a stablecoin, backs about 50% of Bitcoin trades, making it crucial for crypto markets.
- The DOJ is investigating Tether executives for potential bank fraud, which could significantly impact crypto.
Leverage in Crypto Trading
- FTX and Binance are reducing leverage for cryptocurrency trading to 20x.
- High leverage multiplies losses and contributed to the May cryptocurrency crash.
Face ID for Macs
- Face ID for Macs is likely a couple of years away, according to Mark Gurman.
- Apple wants all iPhones and iPads to have Face ID before implementing it on Macs.