Why New York's Bitcoin Investigation Will Help the Market Grow
An investigation into Bitcoin exchanges by the New York attorney general could spark volatility in cryptocurrencies, but that may be "part of the evolution" of digital money, said Lynn Martin, the president and chief operating officer of ICE Data Services.
The attorney general, Eric Schneiderman, announced last week that his office was looking into 13 major Bitcoin exchanges, digging for information on processes they have in place to protect investors. The nascent world of digital trading has struggled with fraud, theft, and technical glitches.
Earlier this year, digital currency exchange Coinbase admitted a bug in its system caused it to accidentally overcharge thousands of investors several times for the same purchase. Additionally, one of India's biggest cryptocurrency exchanges, Coinsecure, reported an employee stole $3 million in bitcoin from the platform.
The New York investigation was not a major concern, said Martin, who added that the the cryptocurrency market was in its “infancy,” and transparency would be important for it to grow.
After a steep drop from enthusiastic highs late last year, Bitcoin has rallied recently. Adam Back, co-founder and CEO of Blockstream, said in an interview with Cheddar that the market was, “reacting to tax day passing." Bitcoin rebounded above $9,000 over the weekend.
For full interview, [click here](https://cheddar.com/videos/revolutionizing-crypto-trading).
Alberto Perlman, CEO of Zumba, shares what users can find on its new app, the demand for in-person fitness classes, and the secret to remaining a go-to exercise brand for decades.
Jamie Meyers, Senior Securities Analyst from Laffer Tengler Investments, discusses why he believes the rally will widen to small cap stocks and how the latest economic data is impacting his strategy.
From Nvidia to Microsoft, Gil Luria, D.A. Davidson senior research analyst, breaks down the Magnificent Seven, plus whether the Vision Pro can move the needle for Apple.
Suzy Batiz, founder and CEO of ~Pourri, discusses creating Poo-Pourri, building out multiple businesses, and why she believes any problem can be overcome.
Fresh off his unanimous appointment as interim CEO, Dax Dasilva shares his strategy for Lightspeed and why growth and profitability are his biggest focus.
