BITCOIN GOES TO THE MOON; SHRINKING COOKIES

BITCOIN GOES TO THE MOON; SHRINKING COOKIES

BITCOIN GOES TO THE MOON

In a big week for the highly volatile crypto currency markets,  Bitcoin has experienced a comeback that Rockie would be proud of, nudging $100,000 AUD for the first time in its history.

The rally has pushed the stock up 51 per cent since the SEC’s approval of crypto exchange-traded funds (ETFs) in January.

Since the SEC’s announcement, less than three months ago, investors have deposited a whopping $11.17 billion into 11 different funds available via the world’s largest institutional investors.

But more recently crypto dealers have been interested in one specific coin. In November, one trader invested $472 in DogWifHat – a coin fuelled by social media hype – before recently selling his share for a staggering $1.83 million.

SHRINKING COOKIES

The cookie monster is angry and is taking it to X (formerly known as Twitter). On Monday, the blue furry Muppet wrote to his 626,000 followers “Me hate shrinkflation. Me cookies are getting smaller.”

Shrinkflation occurs when companies reduce the size of their products but not the price. This sneaky retail tactic has become increasingly common as businesses try to boost their profit margins.

To combat this, US Democratic senators last week introduced the Shrinkflation Prevention Act, which would give the Federal Trade Commission and state attorneys in the US the authority to punish companies engaging in shrinkflation.

In response to the cookie monster, The White House replied to his post, “C is for consumers getting ripped off.”

DON’T CRY FOR ME, CALIBRI

After 17 years, Microsoft Office is saying goodbye to Calibri as its default font, replacing it with a new typeface called Aptos.

Microsoft’s corporate vice president for design and research said the company wanted to bring something “new and fresh that really was designed natively for the sort of modern era of computing.”

Will people be happy with the change?

Recently, online news source The Daily Aus underwent a rebrand, and changed the font used on its website. This led to hysteria online, with many people taking to social media pleading for the return to the original font, which they did.


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