The bitcoin surge is showing no signs of slowing down. The price of the cryptocurrency rising $1,000 in less than 24 hours. Joe Lubin, Co-Founder of cryptocurrency Ethereum, joined Cheddar to discuss the future of blockchain and digital money.
Lubin says the future of fintech is blockchain. He believes the general population is pretty naive about blockchain, and notes that it takes years for these kind of technologies to ramp up their adoption curves. Despite the high learning curve, Lubin thinks people are catching on quickly.
Many people are viewing bitcoin as gold 2.0. He says functioning as a store of value shouldn't be where application of the technology ends. He says bitcoin is like a money system, whereas ethereum is a decentralized worldwide web.
Following bombshell reports about Instagram's toxic impacts on the mental health of teens and children, Adam Mosseri, head of Instagram, was summoned to capitol hill to answer questions. Today's hearing was part of a series of six hearings on protecting children online. Jim Steyer, founder and CEO of Common Sense Media joins Cheddar News to discuss.
A packed Thursday pod: Carlo and Baker cover the latest developments in the Ghislaine Maxwell, Jussie Smollett and Elizabeth Holmes trials. Plus, Dems are losing the Hispanic vote, Boris Johnson in trouble again, and is it possible that Adele has peaked?
Attack surface management startup CyCognito recently raised $100 million in its latest funding round, valuing the company at $800 million. CyCognito offers cyber security through its attack surface scanner, which uses artificial intelligence to identify weak spots in an organization's network. The new funding comes as companies around the world continue to add new defenses to the growing rise of cyber threats and attacks. CyCognito co-founder and CEO Rob Gurzeev joins Cheddar News' Closing Bell to discuss.
Adam Mosseri, head of Instagram, faced withering questions on Capitol Hill about the reports the social media app was aware of the severe mental health impacts it was having on teenage girls. Karen Kornbluh, the director of digital innovation and democracy for the German Marshall Fund, joined Cheddar to discuss the rare show of bipartisan outrage on display at the Senate hearing. "The senators came really loaded for bear on both sides of the aisle," she said. Kornbluh explained how senators like Richard Blumenthal (D-Conn.) set up fake Instagram accounts with teen girl profiles in order to research the effects firsthand.
A mental health crisis among young people is looming, and a large part of it is online. Cheddar News speaks with digital policy expert Karen Kornbluh on the issue.
Roshan Jhunja, head of retail at Square, joined Cheddar to talk about the financial services company's second annual Future of Retail report. Square expects the massive shift to e-commerce to continue into 2022 as more consumers get used to the online shopping experience. For Square, soon-to-be renamed Block, which began predominantly as a digital payment platform, Jhunja said the company is also helping sellers with automation amid ongoing labor shortages.
