The SEC chair issued a warning to Bitcoin investors on deals that may be "too good to be true." Scott Schober, President & CEO of cybersecurity firm BVS, joins Cheddar to discuss how hackable the cryptocurrency space is and what investors need to watch out for.
Schober says blockchain is pretty secure, but it's the ecosystem that is vulnerable. The main reason hackers are drawn to the cryptocurrency is the fact there is no regulation. People can remain anonymous on the platform and hacks can't be easily traced. He believes as soon as Bitcoin starts crashing, the hackers will run.
So if you've invested in the digital asset and are worried about hackers, what can you do to protect your money? Keep it on a personal USB drive, use 2-factor authentication, and use encrypted private keys.
The White House is lending its support to an auto industry effort to standardize Tesla’s electric vehicle charging plugs for all EVs in the United States.
A new study published in the journal Behavior and Information Technology reveals less time on social media makes people happier and more efficient at work.
The European Union is investigating Elon Musk's X over alleged illicit content and disinformation on its platform. Cheddar News breaks it all down and discusses what it could mean for users.
