This Week in Crypto: Bitcoin's Weak Rally, Filing Taxes, and Regulation
This week's episode of Cheddar's Crypto Craze tackles the latest news and trends in this emerging market. Cheddar's Baker Machado and Brad Smith speak with Fortune Senior Writer Jen Wieczner about the latest headlines.
Bitcoin hovering around the $10,000 mark, but it is still down 50 percent from where it was in December. Wieczner says things are still on the upswing.
This week trading cryptocurrency on Robinhood's platform became available for free, but the roll-out has been gradual. "It's only in five states right now," says Wieczner. "There's still 1.4 million on the waitlist just to trade crypto."
The head of the artificial intelligence company that makes ChatGPT told Congress on Tuesday that government intervention "will be critical to mitigate the risks of increasingly powerful” AI systems.
Top executives at Silicon Valley Bank and Signature Bank largely avoided taking responsibility for their banks’ dramatic failures at a Senate hearing Tuesday.
The head of the artificial intelligence company that makes ChatGPT will testify before Congress as lawmakers call for new rules to guide the rapid development of AI technology.
The recent failures of a trio of midsize banks has once again raised questions about whether senior executives in the U.S. are being rewarded more for short-term gains — like rising stock prices — than for ensuring their companies' long-term health.
3M has fired prominent company executive Michael Vale due to “inappropriate personal conduct and violation of company policy,” the maker of Post-it notes, industrial coatings and ceramics announced on Monday.
