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.
Meta has unveiled an app called Threads to rival Twitter, targeting users looking for an alternative to the social media platform owned — and frequently changed — by Elon Musk.
Complete sexual assault case folios containing intimate details were among more than 300,000 files dumped online in March after the 36,000-student Minneapolis Public Schools refused to pay a $1 million ransom. Other exposed data included medical records and discrimination complaints.
