In this week's episode of The Crypto Craze Cheddar Anchors Brad Smith and Baker Machado explain the biggest trends in the market. This week the value of Bitcoin plunged to just 50 percent of its 2017 peak. Several other cryptocurrencies saw double digit losses compared to their highs last year. Many citing the potential crackdown on regulation in South Korea and China as a trigger of this volatility.
Venture firm Full Tilt Capital is making the move to only invest in tokenized securities. The firm's Managing Partner Anthony Pompliano explains the investment opportunity he sees in this space.
"There's going to be a bunch of scams, there's going to be a lot of people that are going to get caught up in the tightening of regulation, but we are also going to get a lot of sustainable technologies that come out of this," says Pompliano. He says he sees the infrastructure, miners, exchanges, and the wallets as being the true winners in this evolving space.
Browser plug-in "Trive" is using the power of blockchain to combat fake new. The company's founder and CEO David Mondrus explains how he is leveraging this technology, and his outlook on the cryptocurrency market.
"We have fact-checkers on the net," says Mondrus. Trive crowdsources the verification of news through blockchain technology.
An independent watchdog within the IRS reports that while taxpayer services have vastly improved, the agency is still too slow to resolve identity theft cases. And National Taxpayer Advocate Erin Collins says those delays are “unconscionable.” Erin M. Collins said in the report released Wednesday that overall the 2024 filing season went smoothly, though IRS delays in resolving identity theft victim assistance cases are worsening. It took nearly 19 months to resolve self-reported identity theft cases as of January, and Wednesday's report states that now it takes 22 months to resolve these cases.
Amazon.com Inc. surpassed $2 trillion in market value for the first time in afternoon trading on Wednesday. The push higher for Amazon’s stock market valuation comes a little more than a week after Nvidia hit $3 trillion and briefly became the most valuable company on Wall Street. Nvidia’s chips are used to power many AI application and its valuation has soared as a result. Amazon has also been making big investments in AI as global interest has grown in the technology. Most of the company’s focus has been on business-focused products.
Climate change doesn’t just mean more extreme weather – it also leads to billions of dollars in lost productivity, tourism, and stresses infrastructure.
