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.
Rivian is expanding into New York City and launching its first showroom there. Cheddar News took a look at the showroom in NYC that the company is calling "spaces," which is intended to be experiential retail locations to woo new customers.
Artechouse, a digital art studio in New York City, has a new exhibition that lets visitors experience never-before-seen images that the James Webb space telescope captured. Cheddar News takes a peek inside the newest immersive experience.
