*By Carlo Versano*
There's a civil war underway in cryptocurrency ー and it's shaking investor confidence in the very foundation of the blockchain.
Bitcoin, down 25 percent in a week and over 75 percent since its highs of a year ago, is suffering at least in part from the latest "hard fork" split of the two versions of Bitcoin Cash (BCH) into ABC and SV ー which themselves are just second-rate copies of the original Bitcoin currency, according to Merlin Rothfeld, a crypto investor and strategist with the Online Trading Academy.
Rothfeld predicted the volatility in Bitcoin will be a good thing in the long term, as it "shakes out" the vulnerabilities in the relationship between crypto and blockchain.
All of the things that have consistently appealed to Bitcoin investors ー the decentralization, transparency, chain of record ー are still intact, Rothfeld said. "That's very appealing to have this kind of autonomy."
Some investors worry that miners are mining "empty blocks" that would modify, and thus interfere with, the older version of the blockchain of a specific currency ー and that shakes the confidence of the entire market that relies on "proof of work" algorithms to record transactions, according to Rothfeld.
Once investors better understand how those vulnerabilities are being exploited, they can be patched, Rothfeld said. But until then, we should expect the volatility to continue and Bitcoin demand to wane. "I don't see it stopping anytime soon," he said.
For full interview [click here](https://cheddar.com/videos/whats-next-for-the-bitcoin-slump).
Cheddar explains why some European countries are building new bicycle superhighways and how it'll transform their transportation landscape.
A once-ambitious Facebook-backed digital currency project — formerly known as Libra, now called Diem — is shifting operations from Switzerland to the U.S.
Electric car maker Tesla will stop accepting Bitcoin as a payment. That's according to a tweet Wednesday from CEO Elon Musk, who cited environmental concerns surrounding the cryptocurrency.
Mattio Communications CEO and founder Rosie Mattio talks about why Clubhouse has taken off among cannabis industry insiders.
The Florida city's appeal to outside companies isn't limited to the world of crypto, but to tech writ large.
With the pandemic shifting consumer behavior even more online, this year’s NewsFront virtual festivities marked changing habits that are here to stay.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
Edward Snowden, a former U.S. National Security Agency and CIA contractor-turned whistleblower, on Thursday criticized what he called bitcoin's lack of privacy protections.
The largest section of the rocket that launched the main module of China’s first permanent space station into orbit is expected to plunge back to Earth as early as Saturday at an unknown location.
Sen. Elizabeth Warren (D-Mass.), who stopped by Cheddar to discuss her new memoir "Persist," touched on topics ranging from Facebook's ban of former President Trump to dismissing worries over inflation.
