Bitcoin has increased 1,000% in over a year and has forced the finance world to take note. But why has the price skyrocketed? PCMag.com editor Rob Marvin says it's because the rest of the cryptocurrency landscape has changed. In addition to Bitcoin there is now: Ethereum, Litecoin, Zcash, the forked Bitcoin Cash.
Plus, the former Chief Economist of the of The World Bank wants Bitcoin banned but is that going too far? Marvin and Fortune's Robert Hackett say that's a bit extreme, but more regulation may need to be put in place if the price continues to rise.
Gas prices are expected to rise ahead of Labor Day weekend, with millions of people hitting the road and Hurricane Ida disrupting the nation's oil and gas industries. Chris Williams, CEO of CW Petroleum Corp, joined Cheddar to discuss the rise and fall of gas prices, plus what his company plans to do to adapt to the uptick in electric vehicles.
