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Bitcoin is nearing its record-high price, previously set in 2021 at about $69,000, and some financial experts say the cryptocurrency’s recent surge could cement its status as a viable alternative to state fiat currency. This is a big moment for bitcoin, which has long been vying for legitimacy among traditional investors. Recent regulatory changes that make bitcoin easier to trade mean that more of those investors are now finally embracing it as part of a diverse investment portfolio. There are a couple of factors…

In mid-2021, about a year before he began his longstanding feud with the biggest employer in his state, Florida’s Republican Gov. Ron DeSantis signed legislation attempting to seize control of content moderation at major social media platforms such as YouTube, Facebook, or Twitter (now called X by Elon Musk). A few months later, Texas Gov. Greg Abbott, also a Republican, signed similar legislation in his state. Both laws are almost comically unconstitutional — the First Amendment does not permit the government to order…

Elon Musk uses drugs. So do some of the people he works with — including directors on the Tesla board — sometimes allegedly partaking with Musk. These revelations have been a minor point of scandal in the media lately, particularly after a Wall Street Journal article last year discussed how popular microdosing drugs like ketamine, LSD, and shrooms are in Silicon Valley, including among some of the most famous executives in the industry. It has become, the piece noted, “a routine part of doing business” for many. Musk…

In late 2023, the richest woman in the world became a centibillionaire. But she didn’t get there by building an online shopping empire or by selling sleek EVs. She did it the good old-fashioned way: by inheriting it. The scion of the French beauty brand L’Oréal, Françoise Bettencourt Meyers saw the value of her stake in the company shoot up during the rush of cosmetics and luxury fashion spending that’s taken place in the last few years. She’s far from alone in receiving billions from a parent. A recent report from the…