Spencer Kellogg | By Spencer Kellogg
After an early August surge that saw Bitcoin top $12,500 per coin, the cryptocurrency has fallen sharply over the past 24 hours, sinking below $10,000 on major cryptocurrency exchanges across the world.
And this time, there doesn’t appear to be any institutional money there to brace its fall.
As the Dow Jones Industrial Average fell 3% during the Wednesday trading session, Bitcoin responded in a similar fashion wiping away tens of millions of dollars of its market cap. Between mounting trade wars that have begun to cool the global economy, civil rights flashpoints in Hong Kong, and continued riots in France, Bitcoin’s price has struggled to maintain it’s parabolic advance since early January.
Continue reading “Bitcoin Under 10K, Where Is It Headed Next?”
There is no doubt that the global geopolitical climate has changed significantly since 2016, thanks largely to the election of Donald Trump as the President of the U.S. One of the key manifestations of this is Trump’s uniquely protectionist approach, which has led to an ongoing trade war with China and other nations across the globe. Last year, the U.S. imposed three rounds of tariffs on more than $250 billion worth of Chinese goods, whilst the Asian nation’s government responded in kind by imposing similar tariffs ranging from 5% to 25% on $110 worth of American products.
We’ve also seen a high-profile row surrounding the rollout of 5G technology that has originated in China, and this shows no sign of ending anytime soon. But how will the U.S. ban on these Chinese tech companies affect the development and rollout of this technology?
Continue reading “How Will America’s Chinese Tech Ban Affect 5G?”
With this year’s revision and destruction of famously libertarian Swiss gun laws, the world has started to look closer at the gun culture of Europe. Under threat of Schengen Area exclusion, the EU, which Switzerland is not a part of, changed their gun laws in order to fall more in line with barebones Union restrictions. Swiss gun laws are now stricter, requiring further background checks and more extensive licensing paperwork. However, they are still lawless in comparison to countries like the United Kingdom or Australia. But this investigation by those on the more libertarian side of the gun rights argument leads to the rediscovery of compulsory gun ownership both in Switzerland and in the United States.
Continue reading “Compulsory Gun Ownership Will Not Save Liberty”
Social change has always been a factor when it comes to the progression of media. Take Disney films from the early 20th century, for example, which reflected the dated racial outlooks of the time. Since then, they have removed many of these depictions from their cartoons entirely. The acceptance that these depictions of people of color were unacceptable is a clear positive change to mainstream media.
However, as time has progressed, people have become more and more expressive of what should be socially acceptable. Sometimes, the line becomes blurred, and people may get outraged over seemingly unimportant matters, having a damaging effect and imposing on the media. Artists often release their respective forms of media as a type of escapism. Although artists are also guilty of this, art should be separate from politics.
Continue reading “How Can Social Pressure Influence Mainstream Media?”
For several months, there was a rumor that Major League Baseball (MLB) had planned to make its first moves into the esports market with the launch of an MLB-branded esports league. The move was to follow a similar path to fellow major sports league set by the NBA, which has operated its esports league, NBA 2K League, for two years already.
The speculation was only half right, though. MLB did indeed announce the launch of its first esports league in early July 2019, but it threw a major curveball when it declared that this league would be based, not in the United States, but China. At first glance, this may seem like a bit of an odd move as China does not have a significant baseball fan base, but one could argue that it gives MLB the best of both worlds.
Continue reading “MLB Announces an Esports League in China”