News from johnpatrick.com
The WHO dashboard shows what is going on country by country. Globally, as of March 10, 2022, there have been 450 million confirmed cases of COVID-19. The death toll now exceeds 6 million. U.S. deaths are now at 954,913. Global vaccinations are at 10.7 billion doses administered.
A Canadian aerospace company, MDA, is helping Ukraine defend itself against the Russian invasion. The Canadian government has granted MDA permission to collect satellite imagery of restricted areas of Ukraine using a technology called synthetic aperture radar (SAR). The company said, “Images captured by MDA’s SAR technology, which is unique for its ability to see through all weather and cloud conditions, will be merged and analyzed with other sources of imagery from commercial Earth observation companies to develop comprehensive near-real-time intelligence reports for Ukrainian government officials.”
The market, and especially tech, took a beating for 5th straight week. The Ukraine war weighs heavily, but there are many other factors at play such as inflation, energy markets, supply chain, etc. Not a pretty picture. All six GAMMAT stocks fell but still at $9.2 trillion. The other tech stocks all fell, some heavily. They have a really long way to go to get back to where they were. Some may not fully recover but for the most part, I remain bullish on tech, large and small.
Coinbase, an exchange platform for buying, selling, and storing cryptocurrency, announced it has blocked over 25,000 crypto addresses this week. In a blog post last Sunday, Coinbase stated the accounts were related to “Russian individuals or entities we believe to be engaging in illicit activity, many of which we have identified through our own proactive investigations,” an internal investigation revealed. Coinbase said it shared these addresses with the government for sanctions enforcement. Crypto total market cap is at 1.7 trillion. I believe it is here to say. President Biden’s executive order to study regulation of crypto is a good thing, as long as Congress doesn’t screw it up.