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.
Roku was among those businesses impacted by the fall of Silicon Valley Bank, having around 26 percent of its cash and cash equivalents deposited at the bank.
The U.S rushed to seize the assets of Silicon Valley Bank after a run on the bank, the largest failure of a financial institution since Washington Mutual during the height of the financial crisis more than a decade ago.
