Economy

Uneven recovery in services, bitcoin scavenger hunts and what matters in the market

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Dealer returns Galeão

Galeão will have a new administration. Claiming impacts suffered by the economic crisis and the effects of the pandemic, the concessionaire RIOGaleão announced this Thursday (10) that it asked for the return of the Tom Jobim international airport.

With the operator’s decision, the government chose to postpone the Santos Dumont auction to 2023, to be carried out jointly with the Galeão auction.

Understand: RIOGaleão is controlled by Changi Airports, from Singapore, which has 51%while Infraero has 49% remaining. The airport was granted to the private sector in 2013, with a bid of BRL 19 billion. The contract would run until 2039.

How is it: the terminal will remain under the current concessionaire until a new operator takes over after a new federal government auction. According to the Minister of Infrastructure, Tarcísio de Freitas, there is a period of two years for the transition.

Problem solved? The return of the airport should end a discussion between the government, state and municipality that had been dragging on in recent weeks.

  • Now, the idea is to auction Santos Dumont together with Galeão for the same operator. The two airports are less than 20 kilometers apart.
  • Until then, the plan was to auction the Santos Dumont in isolation, and the large increase in the offer of flights at the terminal could generate predatory competition with the Galeão, according to local authorities. The view was contested by the federal government.

Services recover from the slump of 2020

The volume of the service sector grew 1.4% in December, well above the market estimate (0.6%), and closed 2021 with a high of 10.9%informed the IBGE this Thursday.

The annual advance is expressive, but part of a low base of comparison with 2020, when it suffered a record drop of 7.8%.

what explains: the service sector, which employs the most in the country, was the most affected by the measures to restrict movement adopted during the pandemic. With the advance of vaccination in 2021, the resumption was stronger, even if it happened unevenly.

  • Services provided to families, which include bars, hotels and restaurants, and depend more on the circulation of customers, geared up in 2021, but are still 11.2% below pre-pandemic levels.
  • On the other hand, activities aimed at companies, such as information and communication services, are 12.8% above the pre-crisis. This includes telecommunications, information technology, audiovisual services, publishing and news agencies.

Recovery of sectors: while services were, in December, 6.6% above the pre-pandemic level, industry is 0.9% below and commerce 2.3% behind the levels of February 2020.

The rise in interest rates, inflationary pressure and the fall in Brazilians’ income, which have already disrupted activity in 2021, should contribute to the loss of rhythm this year, economists point out.


How are cryptos stolen?

The seizure in the US of $3.6 billion (R$19 billion) in stolen bitcoins, the largest of its kind in history, brought with it the question: how is it possible for someone to hijack cryptocurrencies?

The case: In 2016, a hacker broke into the Bitfinex platform systems, and stole nearly 120,000 bitcoins. This week, a couple suspected of laundering that amount was arrested.

As it happens? One possibility is the American case, since some platforms store, on their servers, access keys to their customers’ digital wallets.

Another is even rarer, and involves hacking part of the chain of a particular blockchain, taking control of more than half of its mining, which verifies transactions.

Evolution: transactions with cryptos for illegal purposes have been falling in recent years, precisely due to the strengthening of the security of platforms for digital wallets. According to Chainalysis, which monitors the sector, criminal transactions were $10 billion (R$ 52 billion) in 2020, half of the previous year.

Crypto Hunters: there is also in this universe the figure of the “hackers of good”. These are people who specialize in the search for lost bitcoins, that is, people who have lost the data of the virtual wallet that stores the cryptos.

  • To recover, they start from a few clues in the forgotten to try hundreds of thousands of possible IDs and passwords.
  • The task is Herculean, and some hunters estimate that they can recover 2.5% of lost bitcoins – which is already a significant amount, which would reach the value of $3.9 billion (R$ 20.3 billion).

More about crypto world:

Exchange Binance will invest US$ 200 million (R$ 1.04 billion) in Forbes through a special purpose acquisition company (Spac).


Take a break: anti-addiction tool

Last week, Instagram launched a tool designed to help users who believe they are abusing the social network: Make a Pause.

Understand: the new functionality can be activated in the “Your activity” tab, in the app’s side menu, where the user can schedule reminders to take breaks every 10, 20 or 30 minutes.

why it matters: addiction to social networks can already be compared to drug addiction, says Spanish psychologist Marc Masip. The experiment of going hours without social networks could be experienced by millions of users on October 4, when Facebook, Instagram and WhatsApp were down for six hours.

To know more about the consequences of the indiscriminate use of the platforms.

In addition to the economy:

  • Sheet Guide: Learn how to watch the top Oscar nominees 2022 on streaming and in theaters.
  • Breakfast: the defense of a Nazi party and the limits of freedom of expression; listen to podcast.

blockchaincryptographyleafsocial networksthe networks dilemma

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