The Bullish Argument for Bitcoin After Currency Drops Below $8,000
It's been a rough week for Bitcoin. The cryptocurrency dropped below $8,000 on Friday, marking the third biggest drop over a five-year span. Bitcoin developer Jimmy Songs explains why he remains bullish.
"This is something that has happened in the past, and will happen in the future," says Song. "If you're looking out five to ten years this is an excellent investment."
Shares of Bitcoin plummeted after India's Minister of Finance announced plans to ban the digital currency. "Not everyone is fit for it, especially during these down times," said Song.
Students in the Chicago Public School system will head back to class tomorrow at long last. The move comes after four days of canceled classes due to clashes between teachers and the city, including Chicago Mayor Laurie Lightfoot. National Educational Reporter at USA Today, Richard Erin, joined Cheddar to discuss more.
The internet shutdown has led some Kazakhstan-based miners to hint that they may be looking for greener pastures, while others are banking on a return to normal once the social unrest settles in the country.
Take-Two Interactive, maker of "Grand Theft Auto" and "Red Dead Redemption," is buying Zynga, maker of "FarmVille" and "Words With Friends," in a cash-and-stock deal valued at about $12.7 billion.
American activists are appealing to Tesla Inc. to close a new showroom in China’s northwestern region of Xinjiang, where officials are accused of abuses against mostly Muslim ethnic minorities.
AT&T and Verizon said Monday they will delay activating new 5G wireless service for two weeks following a request by Transportation Secretary Pete Buttigieg, who cited the airline industry’s concern that the service could interfere with systems on planes.
In a case that exposed Silicon Valley’s culture of hubris and hype, Elizabeth Holmes was convicted Monday of duping investors into believing her startup Theranos had developed a revolutionary medical device that could detect a multitude of diseases and conditions from a few drops of blood.
Electric car maker Tesla is recalling certain Model 3s because a coaxial cable for its backup camera can become worn and fail to transmit to the driver’s main console.
Carlo and Baker cover the news on the Ghislaine Maxwell verdict, the ongoing COVID-19 closures, and the decade-long divorce proceeding of Schwarzenegger and Shriver.
