While some regulatory agencies and governments are looking to crack down on the cryptocurrency industry, Wyoming is trying to attract it.
State Rep. Tyler Lindholm, a Republican representing the state’s first district, told Cheddar that the state has more than enough energy to support crypto mining.
“We actually only use about 10 percent of the power that we have,” he said during the Thursday interview. “Our wholesale [price for] kilowatt hours is one of the cheapest in the nation. On top of that, It’s diversified. We’ve got wind, we’ve got solar, we’ve got coal, we’ve got gas, and we’ve also got hydro.”
State legislators from both sides of the aisle have put five cryptocurrency-related bills in the pipeline. House Bill 70 is currently awaiting Republican Governor Matt Mead’s signature. If passed into law, it would exempt some crypto assets from securities laws.
State Senator Tara Nethercott (R-District 4) told Cheddar during the interview that Wyoming looks forward to building a partnership with the crypto space.
“I think Wyoming is uniquely situated with the appropriate infrastructure, with the appropriate regulatory environment, the appropriate culture and excitement to be a strong partnership with this particular industry,” she said. “So I have great hope for its future in Wyoming.”
For the full interview, [click here](https://cheddar.com/videos/how-wyoming-is-luring-blockchain-businesses).
Bitcoin is slowly coming back to life after plunging recently, but everyone's favorite cryptocurrency needs to chart a 77% rally in the next four weeks to reach the widely forecast year-end value of $100,000. Bitcoin was trading more than 0.8% percent lower on Thursday morning, Ethereum was also declining. David Nage, portfolio manager at Arca, joins Cheddar News to talk discuss the market.
Jack Dorsey is stepping down as CEO of Twitter. In a statement, he says he is leaving because the company is ready to move on from its founders. Twitter's chief technology office Parag Agrawal will take over as CEO. Ian Sherr, editor at large at CNET, joins Cheddar News to talk about the announcement.
Visitors in Santa Monica are now getting a whole new look into the new metaverse world. Starting on December 1st, the Downtown Santa Monica District Is Getting Fully Immersed in AR and VR. It's All in Partnership with 'Flick Play' which is the first-ever 'Play to Earn' Metaverse App that Basically Takes the Gamification of 'Pokemon Go' and combines It with more social aspects of an App like Tiktok. Founder of the FlickPlay App Pierina Merino, joined Cheddar to discuss more.
On a platform as massive as TikTok, there are bound to be some negative implications. While we know that social media sites can have harmful health effects for teens and adolescents, the research on TikTok's health effects is slim to none. Skye Barbic, assistant professor at the University of British Columbia joins Cheddar News.
If your kid was on Santa's "nice list" this year, maybe you're willing to shell out $1,900 for Tesla's new Cyberquad. The automaker's all-electric ATV for children 8 years old and up is available to order now and is expected to begin shipping in two to four weeks.
Grab, a Southeast Asia-based ride sharing, e-wallet, and delivery service, made its public debut on the Nasdaq via SPAC merger. CFO Peter Oey joined Cheddar's Brad Smith to talk about the IPO and why it was an ideal time for the company to go public. Oey noted that while Grab operates in 465 cities in eight Southeast Asian countries, there is still more opportunity to grow and expand while balancing profitability and growth.
Voltus is going public by combining with a special purpose acquisition company, Broadscale Acquisition Corp., in a deal that values the electricity market technology startup at about $1.3 billion dollars. The company aims to deliver less expensive, more reliable, and more sustainable electricity to its more than 600 customers, including Home Depot, Coca-Cola, and Simon Property Group. Gregg Dixon, co-founder and CEO of Voltus and Andrew Shapiro, chairman and CEO of Broadscale Acquisition Corp., joined Cheddar News to discuss the deal.
On this episode of Cheddar Innovates: Kemtai Co-Founder breaks down how computer vision and artificial intelligence can improve your workout form; Wove Co-Founder explains how it's creating a one-of-a-kind engagement ring design process; A look at Curiosity Stream's 'History By The Numbers.'
Mike Telem, Co-Founder at Kemtai, joins Cheddar Innovates to discuss how the platform is using computer vision and artificial intelligence as a virtual personal trainer through a laptop's camera, and how this technology can be adapted for physical therapy.
