A big glitch in cryptocurrency is impacting some shoppers online. Last week, a bank security firm uncovered Overstock.com unknowingly accepted Bitcoin Cash instead of Bitcoin as payment for a product. The glitch has since been fixed. Overstock.com CEO Patrick Byne responds to this mix-up.
Byne explained that there was no glitch with Overstock but rather a glitch at Coin Base. He estimated that the impact was less than $100 and did not severely impact any of their consumers. Byne was overall surprised by the amount of attention the story had received compared to the minimal impact it had.
Byne explains that Overstock is not expecting to create their own cryptocurrency. For the time being, they are happy to accept US dollars and Bitcoin.
Overstock.com is excited to be utilizing revolutionary crypto and developing their own blockchain technology for their platform. At this point, Overstock.com has made it a priority to use blockchain tech and develop it in the new year. Byne's goal is to build the most value per share of stock, and that's what he tells shareholders as CEO.
Catherine Coley, CEO of Binance.US, talked to Cheddar about Bitcoin's latest price gains and how cryptocurrency is here to stay.
Never worry about losing your important documents or photos with Degoo's lifetime subscription to 15TB of storage space in the cloud—now an extra 40% off for Black Friday.
Perfect your coding skills with training updated for 2021 and taught by top-rated instructors.
12min is a digital library with over 1,800 micro books that have been summarized so you can read them in less time.
XSplit Vcam is easy to use and can transform your webcam background without expensive tools or software.
Learn to speak like a local with a Babbel lifetime subscription, including lessons in 14 languages, for $199 — half the usual price.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
Just days following the presidential election, Twitter has stepped up its efforts to crackdown on misinformation, but questions are being raised about how marketers and users will interact with social media platforms going forward. Cheddar's Michelle Castillo reports.
Retired astronaut Dr. Peggy Whitson joined Cheddar to discuss what we can expect while watching the SpaceX launch on Saturday.
The Wall Street Survival & Stock trading Guide Bundle features eight comprehensive courses on how to be a successful professional trader for $29.99.
