Scientific American Talks The Rise of Cryptocurrency
Jen Schwartz, senior editor and blockchain expert at Scientific American, talks the magazine's latest articles on the rise of Bitcoin and what impact cryptocurrencies may have on our future.
Schwartz digs into how what people currently love about cryptocurrency could be seen as a threat in the future. One of the positives of cryptocurrency is its lack of centralization and regulation. But if entire countries begin to use it as their national currency, everything citizens purchase will be seen by the government.
Schwartz digs into some of the biggest questions around the rise of Bitcoin today - how will it benefit everyday people in the long-term? What happens if the bubble bursts, and what will that do for investor trust in cryptocurrency?
Schwartz gives her advice for people looking to possibly invest in Bitcoin, adding that if you are not concerned with losing money and you're looking to experiment, make the investment. If risk is a big concern for you, investing in crypto right now may not be the right move.
Doug Flynn, Certified Financial Planner and Co-Founder of Flynn Zito Capital Management, joins Cheddar News' Closing Bell, where he says he believes the news of the infrastructure bill was already priced into the market and that inflation continues to loom large on Wall Street.
The Giving Block's Co-founders, Pat Duffy and Alex Wilson, join Cheddar News' Closing Bell to discuss how their crypto-centric platform is helping big and small nonprofit firms across the world at a time when the demand for digital assets has never been higher.
Virtual reality startup Sandbox VR recently announced it raised $37 million Series B funding round. It is a location-based VR company, a space that was hit hard during the pandemic. Sandbox was eventually forced to file for bankruptcy; however, the company is emerging from the pandemic with a fresh round of funding and plans to open new retail locations around the world. Sandbox VR CEO Steve Zhao joins Cheddar News' Closing Bell to discuss.
President Joe Biden signed into law today his landmark $1.2 trillion infrastructure bill, and it includes approximately $550 billion in new funding for increased broadband access, improving the power grid, and more. But what does this mean for the American economy, and American workers? Eliza Collins, Politics Reporter at The Wall Street Journal joins Cheddar News' Closing Bell to discuss what's included in the bill, which former mayor has been tapped to oversee how the bill is implemented, and how these new infrastructure investments will impact the economy.
It's been a job hunters market of late, as a mass resignation amid the pandemic has added to millions of openings across businesses. ZipRecruiter co-founder and CEO Ian Siegel explained what people currently are looking for in the labor market. "Survey after survey after survey, whether it's on ZipRecruiter or it's a third-party source, is telling us the same piece of information: over half of job seekers right now are looking for work that is either fully remote or hybrid," he said. "They got a real taste of it during COVID, and they liked it a lot. It's the number one perk that's being requested and you can already see employers starting to shift in that direction."
Celebrity butcher and the third-generation owner of Pat LaFrieda Meat Purveyors, Pat LaFrieda, joined Cheddar to dive into the rapid price surges for beef, poultry, fish, and eggs dubbed a "meatflation" by Bloomberg. LaFrieda noted that the increases were being accelerated by high fuel prices and a shortage of labor like truck drivers. However, he did express some hope that the post-holidays/pre-barbecue season lull in the meat sales market will help reset the market.
Booking.com has unveiled a first-of-its-kind sustainable travel designation for properties that might be on the itinerary of a climate-conscious traveler. CEO Glenn Fogel explained to Cheddar the key metrics a location has to achieve to earn a sustainability badge. Waste handling, energy and greenhouse gases, water usage, local community support, and protection of nature were the five top areas of concern he addressed, with an additional subset of 32 measures that properties can implement.
