Jeff Tennery, CEO and Founder of freelancing platform Moonlighting, joins Cheddar to discuss the site's first initial coin offering coming next year. The cryptocurrency will be called "Moonbit" and the company hopes it will help millions of freelancers and entrepreneurs achieve their work-independence globally.
Tennery talks about entering the cryptocurrency space when the market is so volatile. He says Moonlighting is mainly using it for the benefit of international exchanges. Right now, people who do business on the site with someone overseas has to pay an exchange rate fee. He hopes using this system of "Moonbit" will eliminate that fee and allow freelancers to make more money.
Plus, he expects that major companies such as Apple and Amazon are quietly working on a system to pay designers and other employees in cryptocurrency. He says it could be a way companies use to pay salaries in the future.
The White House is lending its support to an auto industry effort to standardize Tesla’s electric vehicle charging plugs for all EVs in the United States.
A new study published in the journal Behavior and Information Technology reveals less time on social media makes people happier and more efficient at work.
The European Union is investigating Elon Musk's X over alleged illicit content and disinformation on its platform. Cheddar News breaks it all down and discusses what it could mean for users.
