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Daily Authority: 💲 Bitcoin bites

Bitcoin tanks, unreleased OnePlus Nord 2T gets unboxed, and Google I/O week kicks off tomorrow...
By
May 10, 2022
Binance US app showing crypto prices stock image
Edgar Cervantes / Android Authority

🚗 Good morning! Paula here covering for Tristan for the next three days. My car is finally fixed, two weeks after a breakdown, which I’m pretty excited about. Speaking of excitement, we’ve got a busy day tomorrow, with Google I/O kicking off, plus Sony’s event, where we could see the Sony Xperia 1 IV. Phew!

Bitcoin Bites: A new low for crypto

Bitcoin stock photo 12
Edgar Cervantes / Android Authority

Last weekend, Bitcoin slumped to a new low, below $33,000, for the first time since July 2021. According to data from CoinDesk, it dropped 5% to $32,860.91 at 7:12 AM ET.

That’s significant enough in itself — more so if you invested six months ago and were already planning how to spend your returns. You’re not alone though: most retail investors have lost money to crypto this year.

Gizmodo looked at how much money you’d have right now if you bought $100 of cryptocurrency six months ago, and the results are pretty interesting indeed (we can’t take credit for the math!).

  • Bought $100 of bitcoin six months ago? Then you have $50.65 of bitcoin right now.
  • If you bought $100 of Dogecoin six months ago, you’ll have $40.82 of Dogecoin right now.
  • And for those who bought $100 of Ethereum six months ago, you’ll have $51.74 of Ethereum right now.

There is one exception though: Terra Luna. Despite the fact it tumbled by 12.0% last weekend, if you bought $100 of the cryptocurrency six months ago, you’d have $119.49 of Terra Luna right now.

Is it all bad news?

Experts say if bitcoin falls below $30,000, it could even drop further to $29,000 in the coming weeks, and even as low as $25,000 before any significant move back up. Stock markets are in a similar position, under pressure from surging inflation, economic events including Russia’s invasion of Ukraine, and more.

Whether these predictions will play out? We’ll just have to wait and see.

Roundup

📦 Unreleased OnePlus Nord 2T gets an early unboxing, confirming most rumors (Android Authority).

🚗 Want Apple CarPlay in your Tesla? You’ll need Android for that (Android Authority).

🔧 Speaking of, Tesla’s halting most production in its Shanghai plant today due to problems securing parts, plans to produce fewer than 200 cars compared to its usual 1,200 a day production target (Reuters).

⌚ Following the lawsuit over Fitbits overheating, we polled our readers: Most of your Fitbit devices don’t overheat, but some do (Android Authority).

🔥 Tinder owner Match Group sues Google alleging antitrust violations (Engadget).

🎮 Microsoft could soon launch an Xbox game streaming stick, meaning you could use your Xbox Game Pass Ultimate subscription on your big screen, no console required (Android Authority).

💲 Instagram to start testing NFTs with select creators this week with support for Ethereum and Polygon at launch, Flow and Solana coming soon (TechCrunch).

🤠 HBO leaks Westworld season 4 trailer and launch date: June 26, so not long to wait (The Verge).

🌅 Here’s how to watch Sony’s event livestream tomorrow, could see the Xperia 1 IV launch, though you’ll need to get up early/stay up late as it’s at 3 AM ET/12 AM PT (TechRadar).

📺 LG Display announces new 360 foldable LED panel at SID 2022, can be folded inward and outward over 200,000 times — will also showcase 42-inch Bendable OLED Gaming display and 97-inch OLED.EX TV display, the biggest of its kind (lgdisplay.com)

📱 And Google I/O kicks off tomorrow and we’ll have all the coverage: Here’s what to expect (Android Authority).

🤧 For those of you with seasonal allergies (I feel you): “If allergies can come from repeated exposures, why are we not allergic to everything?” (r/askscience).

Chart Tuesday

This is pretty interesting — total CO2 emissions per person (in billion tonnes) in 2020.

  • No great surprise to see China and the US up there leading the pack with 11.68bn tonnes and 4.54bn tonnes per person respectively — and of course a lot of that is down to industry.
  • But what might surprise you is how low those figures from Russia are: 1.67bn tonnes of CO2 per person. The UK is even lower still at just 0.31bn tonnes per person.
  • Peru’s one of the countries with the lowest emissions per person at just 0.04bn tonnes.
  • Other countries like Colombia, Ecuador, Venezuela, Greece, and Uzbekistan (among others) also have extremely low figures.
  • And from the comments over on r/dataisbeautiful, Costa Rica is on its way to becoming carbon negative, meaning it will likely soon absorb more climate-changing emissions than it produces.
  • The Kingdom of Bhutan is already carbon negative. It produces 1.5 million tonnes of carbon each year but absorbs more than six million tonnes thanks to its 72% forest coverage.

A little something extra: What tiny Bhutan can teach the world about being carbon negative.

See you tomorrow for all things Google I/O!

Paula Beaton, Copy Editor.