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.
Elon Musk claimed that artificial intelligence has the potential to cause 'civilization destruction.' The billionaire is currently planning to come out with an AI platform, TruthGPT.
Ten electric or plug-in hybrid vehicles will be eligible for a $7,500 U.S. tax credit, while another seven could get $3,750 under new federal rules that go into effect on Tuesday.
Amazon has confirmed that its voice assistant service Alexa and cloud computing division Amazon Web Services (AWS) are back in business after a short outage over the weekend.
Norwegian battery startup Freyr is planning its next factory in an Atlanta suburb because a new U.S. clean energy law offers generous tax credits for local production.
