The Blockchain Breakdown & Ripple's CEO on The Future of Crypto
Crypto Craze hosts Brad Smith and Tim Steno dive into the biggest trends in cryptocurrency this week. Cheddar Producer Eitan Levine explains the technology behind blockchain and Bitcoin. We speak with the CEO of the latest player in the cryptocurrency space "Ripple XRP." Plus, SoFi Vice President John Foley offers his advice for investors.
Ripple XRP is now up more than 90 percent over the past couple days. The excitement around cryptocurrency is separating the signal from the noise says Garlinghouse. He says its important to recognize the reality in solving a real problem with real customers. Ripple is using blockchain technology to solve a cross-border payments problem says Garlinghouse.
Foley advises clients to not invest more money in cryptocurrency than they can afford to lose. "Fear of missing out should be fighting with a fear of losing money," says Foley. Foley also recommends to diversity investments with several types of cryptocurrency.
Katherine Rooney Vera, chief market strategist with StoneX, joined Cheddar News to discuss what investors should expect as the S&P closed near a nine-month high with volatility levels at their lowest level in over three years.
Coinbase has been targeted by U.S. regulators in a new lawsuit Tuesday that alleges the cryptocurrency platform is operating as an unregistered securities platform and brokerage service.
Actors represented by the Hollywood union SAG-AFTRA voted Monday evening to authorize a strike if they don't agree on a new contract with major studios, streamers and production companies by June 30.
