This week's episode of Cheddar's Crypto Craze tackles the latest news and trends in this emerging market. Cheddar's Baker Machado and Brad Smith speak with Fortune Senior Writer Jen Wieczner about the latest headlines. Bitcoin hovering around the $10,000 mark, but it is still down 50 percent from where it was in December. Wieczner says things are still on the upswing. This week trading cryptocurrency on Robinhood's platform became available for free, but the roll-out has been gradual. "It's only in five states right now," says Wieczner. "There's still 1.4 million on the waitlist just to trade crypto." Telegram is raising money for what will likely be the largest initial coin offering in history. The company confirmed with the SEC it has privately raised $850 Million for the offering, and reports say Telegram is planning a second round of private financing. Full Tilt Capital's Managing Partner Anthony Pompliano explains why Telegram has been able to raise so much capital. TV personality Kelly Killoren Bensimon is out with a fur slipper line. The star posted the release of this new shoe line through Instagram. Bensimon explains the power of social media to connect with her fan base.

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Musk loses crown as world’s richest to software giant Larry Ellison
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
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