The cryptocurrency market has lost about 70% of its value in the past 8 months. CBS News tech reporter Dan Patterson breaks down how fraud is damaging the appeal of crypto. He also spoke with actor Ben McKenzie, who is co-writing a book about crypto, about why people should be skeptical before investing in the digital currency.
#News #Crypto
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#News #Crypto
CBS News Streaming Network is the premier 24/7 anchored streaming news service from CBS News and Stations, available free to everyone with access to the Internet. The CBS News Streaming Network is your destination for breaking news, live events and original reporting locally, nationally and around the globe. Launched in November 2014 as CBSN, the CBS News Streaming Network is available live in 91 countries and on 30 digital platforms and apps, as well as on CBSNews.com and Paramount+.
Subscribe to the CBS News YouTube channel: https://youtube.com/cbsnews
Watch CBS News: https://cbsn.ws/1PlLpZ7c
Download the CBS News app: https://cbsn.ws/1Xb1WC8
Follow CBS News on Instagram: https://www.instagram.com/cbsnews/
Like CBS News on Facebook: https://facebook.com/cbsnews
Follow CBS News on Twitter: https://twitter.com/cbsnews
Subscribe to our newsletters: https://cbsn.ws/1RqHw7T
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For video licensing inquiries, contact: [email protected]
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Francisco Gimeno - BC Analyst Every crisis has a good consequence or outcome. This time is to bring ahead and in the open the voices of those who are particularly sceptic of crypto, and everything around it (NFTs, DeFi, etc). Those who were afraid of talking because of FOMO, those who now take the chance to say "I told you so". Well it's like to discover the infection under the wound. Clean it, put medicine, go ahead with life. We learn to be first sceptic. Scepticism is a healthy way to live. How many have lost investments and saving because they just "believed" everything and all promises without fundaments or foundations. We learn we have to educate ourselves and read, get informed. We learn to defend our decisions too. We don't believe on getting rich or play the trade. We believe in the present and future of crypto as a new financial asset in the digital economy of the 4th IR. We learn, too, how to point now to scammers, fraudster, and weak products and projects and tell them to please go away or else. If you haven't realised this yet, you shouldn't be here.