In a closed-door meeting at a Manhattan mansion, executives outlined changes to controversial software that was implicated in two crashes.Aerospace & Defenseread more
Current and former Tesla employees working in the company's open-air "tent" factory say they felt pressure to take shortcuts to hit aggressive Model 3 production goals,...Technologyread more
Minutes from the Reserve Bank of Australia's monetary policy meeting in July showed the central bank was ready to adjust interest rates if required.Asia Marketsread more
President Donald Trump and the RNC are picking up key supporters in the business community who did not back him as a candidate in 2016.2020 Electionsread more
Amazon workers in Minnesota and Germany are striking as Prime Day kicks off, in a stand against working conditions and wage practices. The action in Minnesota represents the...Retailread more
Treasury Secretary Steven Mnuchin is raising red flags ahead of Facebook's proposed cryptocurrency launch.Marketsread more
Epstein is accused of sexually exploiting dozens of underage girls from 2002 through 2005 at his New York and Florida residences. He is a former friend of Presidents Donald...Politicsread more
When you think of Prime Day, you might be thinking about deals on Instant Pots and Amazon Echo devices — not half-off dresses and designer heels. But the market for apparel...Retailread more
David Marcus, the head of Facebook's digital currency project, said the company expects Libra will drive more advertising revenue for the company.Technologyread more
Some White House officials expect the Cabinet secretary, who has known the president for years, to depart as soon as this summer.Politicsread more
"The important thing is that you shouldn't try to hit homeruns this week, because you're much more likely to end up striking out," Jim Cramer says.Mad Money with Jim Cramerread more
"I wouldn't call it a crash," Mougayar said on CNBC's "Squawk Box " a day after the plunge. "It was more a flash or a blip or maybe a technical error on the exchange that was powering a lot of the transactions."
Like bitcoin, ethereum is a cryptocurrency built on blockchain technology. It trades in digital tokens called ether.
"One could think of ethereum as a newer generation of blockchain," said Mougayar, author of the book "The Business Blockchain."
"One of the differences is ethereum has been optimized for the software engineer, whereas bitcoin was more oriented towards being a cryptocurrency. Ethereum has been really adopted as a software development company, so it's really loved by the developers and programmers out there."
Since ethereum is a new kind of currency, Mougayar understands why the value is so unstable. However, he thinks things will even out and people should invest in bitcoin and ethereum, especially because the gap in value has narrowed between the two.
Because blockchain technology is a relatively new field, there's room for many different currencies, he said, but added that bitcoin and ethereum won't become obsolete.
"Ultimately it's about building a whole ecosystem," he said.
Ethereum has about 35,000 developers worldwide in addition to more than 500 start-ups developing on its platform, Mougayar pointed out. Large companies like Microsoft and BP are using ethereum in different projects. And ethereum has become a source of "cryptocapital" since it is a cryptocurrency.
"This is capital basically almost replacing venture capital," Mougayar said.
Here's what sets Ethereum apart from its rival Bitcoin