This week Bitcoin saw a huge drop and most of the other cryptocurrencies followed. So is it worth betting on Bitcoin? Bilal Zuberi is a partner at VC firm Lux Capital and he gives his take on investing in blockchain technology over cryptocurrency.
Zuberi argues that arguing in blockchain is a smarter move than going for crypto. The technology behind blockchain will continue to improve industries and become further embedded in banks, businesses, and every industry.
As for Bitcoin and cryptocurrencies, Zuberi compares this surge to the Dotcom bubble and the start of the Internet. When the Internet was first created there was a lot of hype and fusion of cash into startups and companies. Some bad companies got attention and investments, but there were also some winners who still exist today. Zuberi doesn't know which cryptocurrencies will make it, and therefore is more focused on blockchain.
The 11,500 members of the Writers Guild of America went on strike this week after negotiations with Hollywood studios that began in March failed to result in an agreement.
Filmmaker and comedian W. Kamau Bell joined Cheddar News to talk about his HBO documentary project, United Shades of America, which tackles growing up mixed-race in America.
British star Ed Sheeran is facing accusations that he plagiarized Marvin Gaye's hit song, "Let's Get It On." Cheddar News breaks down how the high-profile copyright trial came to fruition and gets expert guidance from Joe Bennett, a forensic musicologist.
The 2023 Tony Awards are scheduled for next month, and Some Like It Hot, a musical and theatrical adaptation of the 1959 film, is leading the pack with a total of 13 nominations.
