The second installment in Cheddar's Series "The Crypto Craze." Anchors Baker Machado and Tim Stenovec look back at the week in cryptocurrency, and speak with players and experts in this field.
This week, Bitcoin surpassed $17,000 for a short time on Coindesk, and traded around $15,000 on Friday. Litecoin hit a milestone, surpassing $70. But on some exchanges, prices for Bitcoin varied, confusing investors. The Coinbase exchange also took a hit after experiencing record high traffic.
Ryan Surber, Founder of "The Pearly Pig," and contributor for Seeking Alpha, says he could see Bitcoin reaching $90,000 in the near to mid-term. Daniel Roberts, Senior Writer at Yahoo Finance, says that notion is feasible.
We also spoke to an early Bitcoin investor, Jalak Jobanputra, Founder and Managing Partner of Future\Perfect Ventures, who focuses on start-ups in cryptocurrency and blockchain technology. Jobanputra explains the opportunity she sees for Blockchain to disrupt industry.
Netflix is rolling out a deeper lineup of new and returning titles of Korean content.
DoorDash and Starbucks expanded their partnership to allow consumers to order through its app.
European Commission President Ursula von der Leyen presented the outlines for her “Green Deal Industrial Plan” at the World Economic Forum at Davos.
Although Tesla may be offering discounts, GM President Mark Reuss said the company is holding firm on its EV pricing after announcing the 2024 Corvette E-Ray on Tuesday, the 70th anniversary of the first Corvette.
Microsoft said it's expanding access to OpenAI following reports of talks for a major investment by the tech giant in the startup parent company of ChatGPT.
Peloton named former Twitter executive Leslie Berland as its head of marketing.
Dan Geltrude, managing partner at Geltrude & Co., joined Cheddar News to explain how to get a jump on preparing your finances for extreme weather. "The single most important thing is to make sure you have the proper insurance coverage," he said.
Walt Disney Co. fought back and blasted investor Nelson Peltz's quest for a seat on Disney's board.
The International Monetary Fund says there are signs of resilience for an economic turnaround next year.
More supplies prompted the drugstore chain to lift its restriction of six purchases for online shoppers.
