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.
Gov. Daniel McKee breaks down the economic benefits of having a COVID 'test-to-treat' clinic in the state and shares his take on how to quell gun violence in the U.S.
Jonathan Fansmith, Asst. VP of Government Relations at American Council on Education, talks about the factors attributing to lower college enrolments and what institutes are doing to incentive attendees.
Scammers are cashing in on the crypto craze. According to a new report from the FTD, fraudsters have stolen more than $1 billion in crypto from 46,000 people since 2021. That's $1 out of every $4 reported lost to scammers paid in cryptocurrency, more than any other payment method. Chris Pierson, the founder and CEO of BlackCloak, gives tips on how to protect yourself from scammers.
Inflation is forcing many Americans to put their retirement plans on hold. According to a new survey from BMO Harris Bank, 25% of people will need to delay their retirement because of rising prices, and 21% of respondents are saving less money for retirement to keep up with the growing costs. Paul Dilda, Head of Consumer Strategy at BMO Harris Bank, breaks down the survey and gives some tips on how to keep up with rising prices.
The labor market continues to be hot, with job openings at record highs and jobless claims dropping by the thousands. While that's good news for workers, experts say it can add to inflation risks and make the Fed's job even harder when it comes to cooling inflation. José Torres, Senior Economist at Interactive Brokers, breaks down what a tight labor market means for the economy.
Amazon's stock split officially takes effect today. It's a 20-for-1 split, meaning if you own one share of the e-commerce giant, you'll have 20 shares after the split, with each costing about 1/20th of the previous price. Jeff Zananiri, the head trading strategist at Joy of the Trade, breaks down what the stock split means for investors.
The labor market continues to be strong. The U.S. added 390,000 jobs in May, while the unemployment rate held steady at 3.6%. Julia Pollak, Chief Economist for ZipRecruiter, breaks down the latest data and what it means for the economy.
In another round of sweeping sanctions against Russia for its war on Ukraine, European Union leaders have agreed to ban the vast majority of Russian oil by the end of the year. But, the embargo covers only Russian oil brought in by sea, allowing an exemption for fuel imported via pipeline. Christine McDaniel, a senior fellow with the Mercatus Center, discusses just how significant this deal is, and what impact it might have on the global energy sector.
