Cheddar's "The Crypto Craze" covers the latest trends, and news in the space. the cryptocurrency is floating around the $8,000 mark after a dip on Tuesday. The price has been slowly climbing again. The same pattern has been seen in other major cryptocurrencies like Ethereum and Ripple.The price of cryptocurrencies have been mostly stable is the last couple days, a big contrast to the Dow's major moves and volatile swings. Cheddar's Brad Smith and Hope King break down the factors driving this stability and the state of regulation in this space.
Recently the S.E.C. stated it wants to have more of a role in the regulation of cryptocurrency. Tom Smith, Associate Professor at Emory University's Goizueta Business School, joins The Crypto Craze to discuss what that means for crypto traders and more!
Smith cites that the CEO of Ripple recently said we should stop thinking of cryptocurrency are currencies, but more as an underlying asset. Smith believes if people change their mindset, the market for cryptocurrency will change as well.
Peter J. Ferrara, policy analyst and Senior Fellow for Legal Affairs at The Heartland Institute explains a new version of bitcoin called AML bitcoin, which takes the anonymity out of each transaction. He says this change in the technology may flourish if the SEC takes a stronger hold on the regulation of crypto.
Plus, Ferrara believes this is a turning point crypto because now each "wallet" will be tied to a biometric identity. Up until now it's been a little like the wild, wild west. There weren't any laws or sanctions and that caused problems with money laundering and even using crypto as a payment for terrorism.
Adobe and Figma called off their $20 million merger, Southwest Airlines gets fined, Nippon Steel is buying U.S. Steel and oil and gas prices surge after a pause in shipments.
With more employees being called back to the office, many workers are suddenly protesting by being in the office for as little time as possible. As the term suggests, coffee-badging means coming in for just enough time to have a cup of coffee, show your face, and swipe your badge.
Japan's Nippon steel is buying U.S. Steel for $14.9 billion.
Southwest Airlines will pay a $35 million fine as part of a settlement over a 2022 holiday season disaster that saw the airline cancel thousands of flights and leave millions of people stranded.
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Stocks opened slightly higher after Monday's opening bell after several weeks of gains as the year closes out.
Big Business This Week is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street.
Citi told most of its employees that they could work from home at the end of the month, according to CNBC.
Chobani paid $900 million to purchase ready-to-drink coffee maker La Colombe.
Kerri Quigley, founder of The Fashion Class, spoke with Cheddar News on how to make an ugly sweater on a budget.
