It's been a wild ride for Bitcoin this week. Cheddar Anchors Tim Stenovec and Baker Machado speak to an early investor in this cryptocurrency, Jalak Jobanputra, to get her take on this market.
VC firm Future\Perfect was founded in 2014, and was an early investor in cryptocurrency start-ups. Jobanputra is the firm's Founder and Managing partner. Jobanputra says the announcement from CBOE and CME that they will begin futures trading for Bitcoin soon drove up price and excitement this week.
When comparing the cryptocurrency craze to the dot com bubble, Jobanputra says while there was a bubble the technology is ubiquitous. Jobanputra believes blockchain technology will stay around, and disrupt industry. Future\Venture Partners invests in start-ups including Everledger, Civic, Bitpesa, and Abra.
Along with the $122 million from delinquent millionaires in October, nearly half a billion dollars in back taxes from rich tax cheats has been collected.
Greg Moran, CEO of Zoomcar, joined Cheddar to talk about the growth of the car-sharing platform, the company's recent debut on the NASDAQ, and its continued work in emerging markets.
Higher rents and food prices boosted overall U.S. inflation in December, a sign that the Federal Reserve's drive to slow inflation to its 2% target will likely remain a bumpy one.
Tech companies of all sizes are showing off their latest gadgets at CES 2024 in Las Vegas. And that includes new technology that's changing the world of food and drinks.
