The Rise of Altcoins Won't Eclipse Bitcoin Just Yet
Sure different forms of cryptocurrencies may be surging, but you might not want to write-off Bitcoin...at least not yet!
Jake Yocom-Piatt, the project lead at fellow cryptocurrency Decred, told Cheddar that the newly-discovered coins might not be eclipsing Bitcoin anytime soon.
“For all we know Bitcoin may fall, but right now it’s the dominant cryptocurrency and it looks like it’s going to stay that way, at least for the short-term,” he said. “Whether that’s going to remain the case in the longer term it’s hard to say.”
But investors are exploring other options. Tron, which launched last September, has leapt into the top 10 in terms of market cap in just four months. Its most recent surge was helped by founder Justin Sun’s announcement this week that Tron will announce a partnership with a “prestigious public” company next week.
For full interview [click here](https://cheddar.com/videos/will-altcoins-eclipse-bitcoin).
Apple has rolled out an update to its operating system this week with a feature called Stolen Device Protection. It makes it a lot harder for phone thieves to access key functions and settings, and users are being urged to turn it on immediately.
The U.S. economy grew at an unexpectedly brisk 3.3% annual pace from October through December as Americans showed a continued willingness to spend freely despite high interest rates and frustrating price levels.
Alan Becker, CEO and Investment Adviser Representative at Retirement Solutions Group and RSG Investments, shares his thoughts on the latest GDP data plus why he's not sold cryptocurrency as a long-term asset.
The Biden administration wants to ban another type of bank “junk fee," targeting fees that are typically charged by banks when a transaction is declined in real time.
Al Root, senior writer at Barron’s, breaks down everything expected from Tesla’s earnings report, from Elon Musk’s demands from the board to why the market has been looking for affordable EV options.
Online retailer eBay Inc. will cut about 1,000 jobs, or an estimated 9% of its full-time workforce. The announcement follows similar moves by other tech companies that ramped up hiring during the pandemic while people spent more time and money online.
