Foreign governments are reportedly skirting international sanctions through the use of cryptocurrency. Axios' reporter Shannon Vavra explains the dangers of this digital currency, and challenges facing regulators.
"The fact that sanctions, regimes, and regulations right now aren't keeping up with the innovation in cryptocurrency is something that leaders around the world are bound to be watching right now," says Vavra.
Cryptocurrencies are able to mask illicit activities because they function across borders, are pseudo-anonymous, and can provide plausible deniability. Challenges facing regulators include the pace of cryptocurrency innovation, and risk in over-regulating and hampering innovation.
Electronic truck maker Nikola says it will begin offering advanced driver assistance technology for its trucks next year.
Elon Musk's Starlink reportedly is rolling out new prices based on its capacity to deliver services.
YouTube Music is allowing users to create their own personal radio station.
Ben Straley, founder, and CEO of digital asset platform Thred joined Cheddar News to discuss the company’s operations.
Chinese search giant Baidu's Ernie bot is being compared with ChatGPT and will be integrated into its search experience.
The parent company of stores like TJ Maxx, Homegoods and Marshalls, posted mixed results in its latest quarter, prompting it to slash its outlook for the full year.
A survey says about 20% of Americans have a high-yield savings account. Preston Cherry, founder and president of Concurrent Financial Planning, joined Cheddar News to explain why it's a good time to open an account now.
Amazon Closes On One Medical Deal
Dick's Sporting Goods has agreed to purchase outdoor retailer Moosejaw from Walmart.
The average 30-year fixed mortgage rate jumped 23 basis points from last week to 6.62 percent, the highest rate since November 2022, according to the Mortgage Bankers Association.
