*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).
Vizio CFO Adam Townsend spoke to Cheddar about the TV manufacturer's expanded SmartCast streaming offerings to boost revenue through ad-supported content as the company went public via the NYSE on Thursday.
Slack CEO Stewart Butterfield talks about fixing a vulnerability in its new direct messaging feature, the pending deal with Salesforce, and the future of workplace productivity after COVID.
Chrissy Teigen has deleted her popular Twitter account, saying the site no longer plays a positive role in her life.
Posting that photo of yourself next to your vaccination card on social media could potentially make you a target for people trying to steal your personal information.
Cheddar previews the Thursday, March 25, Congressional hearing to feature Facebook CEO Mark Zuckerberg, Twitter CEO Jack Dorsey, and Google CEO Sundar Pichai.
Chelsea Hirschhorn, Frida CEO, talked to Cheddar about the company's new breast care products meant to help women navigate the postpartum period.
A hefty tax benefit helped drive GameStop’s fiscal fourth-quarter profit sharply higher, but the video-game retailer’s sales declined despite a surge in its online business. The latest results fell short of Wall Street’s expectations.
Gregor Robertson, former mayor of Vancouver and executive vice president of strategy at Nexii Building Solutions spoke to Cheddar about raising a Starbucks location with a smaller carbon footprint while staying affordable and efficient.
Prince Harry has joined the corporate world as employee coaching and mental health firm BetterUp Inc.’s Chief Impact Officer.
While the secondary market for NFTs isn't likely to garner the same headlines as multi-million dollar deals, experts agree the future of the crypto art market depends on more than one-off, high-profile purchases.
