How iCash is Capitalizing on Crypto Craze

Former Wall Street investment manager Will McDonough launched iCash in September 2017. McDonough explains how he is using this network to launch its first product, which applies cryptocurrency to online sports wagering. Now is the time to jump on the cryptocurrency craze, says McDonough. "We're still very, very early. This is a true supply and demand story," McDonough said. This week, both Bitcoin and Ethereum surpassed new milestones. After surpassing the $11,000 mark this week, Bitcoin is now trading at $9,614. FaceOff, iCash's first product launch, will be a decentralized application for online sports wagering. McDonough says by using cryptocurrency, this platform removes the "house" and risk. McDonough says by leveraging Ethereum and smart contracts, FaceOff can create auto-settlements.

More In Business

What Happened? Markets Rebound After Chaos; Recession & Fed Cuts Loom

Chaos at the NYSE starts the week with crashing stocks and recession fears. Attention shifts to sectors, small caps, and AI spending.

Get Rich B*tch: How Frich Is Transforming Gen Z's Finances

Frich is a social finance app that tackles Gen Z’s financial obstacles and promotes open money discussions.

Fed's Delay Sparks Global Sell-Off

As markets plunge and economic fears rise, investors speculate the Fed might cut rates urgently.

Markets Shudder: Are Economists Right About the Fed Being Too Late?

Stocks fall for a second day on Wall Street due to weak job data and recession fears. The VIX surges over 60, showing high anxiety and a potential rebound.

Tech Giants’ Mixed Earnings: Winners, Losers & What’s Next for AI

Amazon, Google, Meta, and Microsoft spent $58 billion this quarter. Will this boost Nvidia's $330 billion market cap? How soon will AI drive profits?

Travel Trends: AI’s Impact, The Eras Tour, & Top European Destinations

Plus: Major sporting drive local spending. Experiential travel and tech trends rise, with Munich, Tokyo, and Tirana as top destinations.

DoorDash Sees Record Q2 Orders and Revenue As Restaurant Traffic Slows

DoorDash set quarterly records for total orders and revenue despite slowing U.S. restaurant traffic.

Big Business This Week: Can Boeing Finally Get Back on Its Feet?

A new CEO takes over the embattled planemaker. Plus: Elon picks a fight, the Fed might finally cut rates and Microsoft makes a lot of money but not enough.

Disney Destiny Sets Sail in 2025 with Heroes & Villains

Set sail on Disney Destiny for a legendary voyage with immersive tales, top entertainment, world-class dining, and unmatched hospitality.

Why The Luxury Real Estate Market Is Doing Better Than The Traditional Real Estate Market

Co-CEO of Christie's International Real Estate discusses the luxury real estate market and gives tips for first time home buyers. Watch!

Load More