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.
Threads could bring in $8 billion in annual revenue, according to analysis, after it reached about 100 million users days after its launch. Cheddar News explains.
Celebrities, lawmakers, brands and everyday social media users are flocking to Meta's freshly minted app Threads to connect with their followers, including many Twitter refugees tired of the drama surrounding Elon Musk’s raucous oversight of that platform.
Comedian Sarah Silverman is suing OpenAI and Meta for allegedly using her copyright-protected work to help train their artificial intelligence programs.
