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 fallout from the COVID-19 pandemic has been so wide-reaching that 50 percent of Americans say they are worse off than a year ago, the most since the Great Recession of 2008 and 2009.
Benoit Garbe, chief marketing officer at Anheuser-Busch, joined Cheddar News to discuss Super Bowl ads and what lies ahead after the company ended an exclusive deal with the big game last year.
David Peters, financial advisor and CPA, joined Cheddar News to discuss how families can save money from the Inflation Reduction Act when filing taxes this season.
Cheddar News' Shannon LaNier spoke with owner Kiahna Malloy of Kreme & Krumbs, a Black-owned ice cream shop in Montclair, New Jersey, about why she got into the business.
