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Stratospheric balloons distribute the Internet and Bitcoin breaks records again

Alphabet Inc’s X research division is cooperating with the communications company AP State FiberNet in order to launch an optical communication network in India. The testing of the new Project Loon will take place in the state of Andhra Pradesh, where about 50 million people live, and only 20% of the population has access to the Internet.

Large stratospheric balloons will be placed in the sky. From this height they will provide an Internet connection using laser technology. Wireless communication will be extended by several thousand kilometers. In doing so, the companies plan to provide internet to not just poorly developed areas, but also areas that have suffered from natural disasters.

A new historical barrier was overcome by Bitcoin, and along with it – the market capitalization of cryptocurrencies. The price of Bitcoin exceeded $20,000 and the daily trading volume of this cryptocurrency reached almost $15 billion. The total capitalization of digital assets is now $600 billion. Over the past week it has grown by 20%.

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