Rob Verger, Assistant Tech Editor at Popular Science, joins Cheddar to discuss the growing popularity in bitcoin. As of Tuesday morning, the cryptocurrency was inching towards trading at $12,000.
There is a lot of risk and volatility within this market, and Verger says if you're investing money, it's at your own risk. Since there is no central entity overseeing bitcoin, it's hard to regulate what it trades at. Verger says blockchain and the technology behind bitcoin won't ever change, but the value of its worth will.
Plus, there are concerns over liquidating bitcoin. He talks about buying and selling through an exchange, and the risk of that exchange not having the funds to back investments. It's edging closer to mainstream, and the technology behind the currency is becoming stronger and stronger.
Rivian is expanding into New York City and launching its first showroom there. Cheddar News took a look at the showroom in NYC that the company is calling "spaces," which is intended to be experiential retail locations to woo new customers.
Artechouse, a digital art studio in New York City, has a new exhibition that lets visitors experience never-before-seen images that the James Webb space telescope captured. Cheddar News takes a peek inside the newest immersive experience.
