China is no longer a copycat of the West. They’re quickly becoming an innovation nation just like they’ve been saying. The government just spent US$10 billion to build a quantum lab. According to the OECD, China is now the second largest scientific powerhouse, behind the US. And as you can see, China is pumping out patents like crazy.
Securing data is now on everyone’s minds thanks to Facebook, Inc. Common Stock [NASDAQ:FB]. But most of the discussion is utter drivel. Yes Facebook takes your data and allows advertisers to target ads. They’ve been doing it for years. But all of a sudden, this agreement between Facebook and users is no good.
You have endless numbers of sites, blogs, feeds, that claim to deliver you the truth, the whole truth, and nothing but the truth. But do they? What this leads to is continual pressure on your senses and emotions until you reach breaking point.
This is exactly one of the reasons why a decentralised crypto based system will be better than the centralised banking systems we rely on today. And as you’ll see from my Crypto Tech Investor essay, it’s not the only problem we face when dealing with banks.
Fintech company Afterpay [ASX:APT] experienced a 4.7% drop in share value this morning. This comes after governance firm Ownership Matters uncovered a loophole in their system which allows underaged, resourceful kids to purchase any alcoholic beverage searchable on Afterpay’s supported retailer list.
Founded in 2006 as a free-to-use service funded by advertising, Spotify is now the leading music streaming service. The company made its debut on the New York Stock Exchange overnight. After reaching a high of $169, shares closed at $149.01 — 13% higher than its reference price on its first day of trading.
American telecoms have been touting 5G as the latest and greatest. It will be 100-times faster than 4G. Such speeds will make 4G seem like those days when mobiles were just bricks. Bringing 5G to consumers first has huge financial rewards.
These are my own personal views on how the Australian Tax Office should be approaching the crypto revolution. Public consultation is a positive step forward. Hopefully they’ll take on board a common sense approach and interact more with those on the inside of this revolution.
The ATO has put out a public consultation on their application of antiquated existing tax law and the new crypto revolution. Through their ‘Let’s Talk’ portal anyone can make a public submission on the treatment of crypto for tax purposes. I’ve made my submission already, and I felt it important to share my feedback to the ATO with you as well.
Mass EV adoption won’t be immediate. But it does seem like the industry will continue to grow over the next decade or two. For investors like you, it’s worth digging around. It’s still slim pickings for listed EV infrastructure investments. But as time rolls on, you’d expect some of these businesses to list for funding or growth reasons.