Iconic Producer Quincy Jones Lends His Expertise to the Quincy 100 Index
Iconic music producer Quincy Jones is lending his expertise to a new index, the Quincy 100 Index. The fund is made up of 100 companies will focus entirely on music streaming companies and businesses.
Donna Nairi is the founder and CEO of Iconicbeta, the group behind the development and licensing of the Quincy 100 Index. Nairi joins Cheddar to explain why they wanted to pursue a music streaming index. Nairi and Quincy Jones are both bullish on the field and see it as the future of music.
To be included in the index the international companies have to have at least $1 billion in market value. Nairi says while she cannot talk about it, future opportunities to invest and get involved in the Index should be available sometime soon.
Meta, the parent company of Facebook, is facing a lawsuit from Ohio's attorney general Dave Yost, who said the company misled the public about safety on the platform.
Bitcoin received its first update in four years called Taproot. Unlike the previous bitcoin update in 2017, Taproot has widespread support — in part because these changes involve fairly incremental improvements to the code. Christie Harkin, tech managing editor at CoinDesk, explained what the move could mean for the future of cryptocurrencies as a whole.
Snap has announced a licensing deal with Sony Music, giving its social media platform Snapchat access to the label's entire catalog. The deal now gives the company agreements with all of the major industry labels.
Kyndryl isn't wasting any time as an independent company. Just over a week after spinning off from IBM, the IT infrastructure services provider has announced its first global strategic partner in Microsoft. The two tech giants are coming together to form a new kind of power duo, creating multi-billion dollar revenue opportunities between the companies. Stephen Leonard, global alliances & partnerships leader for Kyndryl, told Cheddar more about the partnership and what it aims to achieve.
Bitcoin has successfully activated Taproot, the cryptocurrency's first major upgrade since 2017 and a highly anticipated change to the blockchain. Taproot will introduce what's known as Schnorr signatures, which will help transactions become more private, efficient and perhaps even less expensive. Robert Hackett, a cryptocurrency expert and journalist, breaks down the new upgrade and what it means for bitcoin users.
Jill is joined by Baker Machado to talk all things infrastructure: where will the money go and who’s in charge? Plus, Sesame Street has its first Asian-American muppet. And a trailer for the trailer for Spiderman. Huh?
