Events in China, India Have Also Weighed on Crypto Prices

“In one remarkable stretch, Taiwan went 200 days without a COVID-19 case, and without China-style lockdowns. The secret sauce? Thanks to privacy-protecting encryption, citizens were happy to scan QR codes and “check in” at every restaurant, store, bar or cafe. They did this without revealing their personal data. It worked so well that Taiwan reduced the contract tracing cycle to an astonishing 24 minutes.” (CoinDesk contributor Jeff Wilser) … “Yuga Labs, for the uninitiated, is the company behind the Bored Ape Yacht Club, which remains the crypto ecosystem’s single most valuable [non-fungiblr token] collection. The firm didn’t even have to say what it planned to do with the money in teasing the Otherside land sale; the fact of its proximity to the Bored Apes was more than enough reason for investors to buy in. And buy in they did, in spite of a series of system-breaking failures.” (CoinDesk Media and Culture Reporter Will Gottsegen) … “There is little sign of cooling in the greatest job seekers’ market of all time. As businesses continue to face high turnover, and the gap between demand for labor and supply widens yet further, businesses will continue to experience upward pressure on wages.” (Julia Pollak, chief economist of ZipRecruiter, in The Wall Street Journal)

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