The decentralized ledger, which powers cryptocurrencies like Bitcoin and Ethereum, is being "oversold," says Jimmy Song, Bitcoin developer and entrepreneur. The technology is often touted as a silver bullet that will upgrade several industries, but that "hype and promise" has yet to be proven. On the flip side, Song is bullish on Bitcoin, which he says has stood the test of time.
For the full interview, [click here](https://cheddar.com/videos/jimmy-song-shares-his-bullish-case-for-bitcoin).
Chinese tech company Huawei reported a 2.2% year-over-year growth in its consumer business revenue.
Stocks opened lower on Friday after the latest inflation report came in hotter than expected.
Amazon is cutting some of its private label in-house brands in a bid to cut costs.
Lyft said it plans to end surge pricing.
Target is turning to Starbucks and adding them to curbside pickup in a bid to jolt sales.
Automaker Stellantis revealed plans to unveil another Fiat electric vehicle.
A new report showed that new car prices are starting to cool off.
Senior citizens who receive social security benefits could see a much smaller raise in 2024.
The U.S. natural gas market is showing no signs of slowing, thanks to the recent hot weather.
Gas prices are still elevated, according to a new report from AAA.
