First, on the Brief:
- Bitcoin hash power coming back online
- A new millionaire testing out crypto
- An emerging music tokenization platform
Bitcoin saw a significant drop in hashrate after China’s mining bans. The network accordingly implemented its largest difficulty adjustment, a parameter to adjust incentives for miningadjust incentives for mining, to date. Has this adjustment worked?
In investments, Simon Nixon, one of the winners of the dot-com bubble, has emerged as the newest millionaire to delve into crypto. Last on the Brief, Royal announced a $16 million raise for its music tokenization platform, the aim of which is to give more power to the artists when it comes to royalty rights.
In the main discussion: With inflation on the minds of many economists and consumers, the Federal Reserve pushed a “transitory” narrative while pinning the blame on supply chain issues. Looking back at the history of supply chains reveals why COVID-19 broke the global goods network. Are the supply chain issues going to be as transitory as the Fed hopes?
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