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.
Rising safety concerns over water bead products marketed to kids have prompted major retailers like Amazon, Target and Walmart to pull some toys off their shelves.
The Congressional Budget Office said Friday it expects inflation to nearly hit the Federal Reserve's 2% target rate in 2024, as overall growth is expected to slow and unemployment is expected to rise into 2025, according to updated economic projections for the next two years.
Intel is out with a new product to challenge other big players in the space like Nvidia and AMD.
Stocks fell after the opening bell Friday but will end on another positive week.
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Americans picked up their spending from October to November as the unofficial holiday season kicked off, underscoring that shoppers still have power to keep buying.
The average long-term U.S. mortgage rate dropped below 7% to its lowest level since early August, another boost for prospective homebuyers who have largely been held back by sharply higher borrowing costs and heightened competition for relatively few homes for sale.
Mortgage rates have dropped below 7% for the first time since the middle of August.
Taylor Swift grossed nearly $2 billion this year, according to Billboard.
A study from US News and World Report has found the most affordable place to retire is in Ohio.
