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).
Boeing continues their terrifying trend of having their planes fall apart mid-flight, inflation — checks notes — is still up and the future of AI looks terrifying. Cheery!
Food waste – uneaten scraps or leftovers sent to landfills – is responsible for 10% of global emissions. Mill, a new product from the co-founder of Nest, thinks technology can play a role in eliminating it.
By the time the 2024 election is over, be prepared to see some form of a recession – but this shouldn’t be as bad as what we experienced in 2020 or 2008.
International Master Alice Lee defeated grandmaster Irina Krush to win the American Cup – becoming one of the best women players in the world in the process – but she’s not stopping there.
You can track your sleep habits or heart rate, but how about your brain? Neurable's MW75-Neuro headphones turn your focus and productivity into data you can use to avoid burnout – here's how they do it.
Whether it’s a deepfake video of actor Tom Cruise discovering gum in a lollipop or President Joe Biden discouraging people from voting via telephone, you’ve likely come across a deepfake video, photo or audio recording.
Tensions in the South China Sea, Apple moving to India, and banning TikTok? The podcast ‘Face Off: The U.S. Versus China’ helps explain how we got here.
