Why bitcoin fraud is nearly impossible to recover
Bitcoin lost to fraud is nearly impossible to recover because its blockchain is "permissionless."
Twitter bitcoin hack: List of affected accounts includes Elon Musk, Bill Gates
The hacked accounts sent out tweets soliciting the public to send bitcoin to a specific address.
SEC sends billion-dollar message to Telegram
Telegram will return $1.2 billion to investors in its canceled crypto token offering and pay an $18.5 million fine.
‘Casino Jack’ Abramoff charged in $5M cryptocurrency fraud
The scheme drew at least $5.6 million from 2,400 investors.
Soccer teams turning to virtual ‘fan tokens’ to raise money
More soccer clubs are entering the world of blockchain with blockchain-based fan tokens as a way to raise money and enhance fan engagement.
Barcelona FC generates $1.3 million with virtual 'fan tokens'
Barcelona generated 1.2 million euros ($1.3 million) with its inaugural sale of “fan tokens” on Monday.
Winklevoss twins to co-produce 'Bitcoin Billionaires' film adaptation
The film explores how the twins bounced back from their legal battle over Facebook.
Teen dubbed 'Baby Al Capone' stole $23.8M from cryptocurrency bigwig: lawsuit
At only 18, he has allegedly stolen more than $100 million as the mastermind of a cryptocurrency hacking scheme.
Bitcoin: What is halving?
Halving occurs every four years and reduces the amount of bitcoin mined in each transaction by 50 percent.
Cryptocurrency issuers, exchanges face US class action lawsuits over billions
The 11 lawsuits, filed on Friday in U.S. District Court in Manhattan, also name executives of the companies.
Is Bitcoin a cryptocurrency?
Bitcoin is a cryptocurrency, or a type of digital currency.
Steven Seagal's cryptocurrency endorsement deemed illegal
The action-movie star Steven Seagal gets slapped by the SEC.
How does cryptocurrency work?
Digital transactions are faster and globally accessible.
Cryptocurrency's main benefit
Nearly 25 million people around the world use bitcoin.
Shopify joins Facebook’s Libra cryptocurrency project
"We will work to build a payment network that makes money easier to access," the company said.
US government auctioning 4,000 bitcoins worth $39M recovered from criminal cases
The U.S. government on Tuesday is auctioning more than 4,000 bitcoins --- worth nearly $39 million --- that were recovered from criminal cases.
'Fortnite' users subject to tax on in-game currency? IRS confuses taxpayers
The agency issued updated guidance after initially including "Fortnite’s" V-bucks as an example of a convertible virtual currency.
What is the most popular cryptocurrency?
One Bitcoin is worth nearly $10,000 as of Feb. 8.
Millennials should invest in bitcoin, billionaire investor says
Billionaire investor Tim Draper said bitcoin is the key for millennials who want to ensure they have enough money in retirement
Bitcoin battles to reclaim 2019 highs
The largest cryptocurrency by market capitalization, with a total value of $162 billion, bitcoin has gained 23 percent so far this year
Cryptocurrency FAQs
What is Cryptocurrency?
Cryptocurrency, or crypto, is a form of digital asset that is secured by cryptography and the blockchain. The most notable example of a cryptocurrency is bitcoin, though thousands of other similar assets exist. Cryptocurrencies are regarded by many as the money tech of the future due to their accessibility and un-censorable nature.
How do cryptocurrencies work?
Cryptocurrency networks, or blockchains, are independently verified by a matrix of computers that record all transactions and ensure a consensus throughout the chain. This means that all network information is recorded immutably and permanently; transactions cannot be prevented, blocked, or changed. Network participants can thus trust each other and transact without the need for a centralized intermediary.
How can I buy a cryptocurrency?
There are many markets for cryptocurrencies where you can exchange USD for the cryptocurrency of your choice. These include centralized exchanges and services such as Coinbase and PayPal, or decentralized alternatives like UniSwap where you can swap between crypto-assets. To use a centralized exchange, you’ll need to submit personal information such as your passport or driver’s license. Note that the price of digital assets can change rapidly, so timing your purchases well is essential.
Where can I keep my crypto coins?
Cryptocurrencies can usually be held with the exchange or business you bought them from. However, as these exchanges can be hacked, it is advisable to move your assets to your own personal wallet. These wallets are more secure and can be accessed from your laptop, phone, or other mobile devices.
What can I buy with crypto?
Real work adoption of crypto is still ongoing. However, more businesses are accepting crypto and you can buy goods and services as diverse as real estate, stocks, travel, gambling, websites, and much more. This trend should continue over time as cryptocurrencies become better known, accepted and trusted.
Pros and cons of investing in a cryptocurrency
You may have read the news that crypto has broken all-time highs recently. This is the main advantage, that we are early in the asset’s history and prices have generally gone rapidly upwards. However, you should be aware that volatility is significant and you can similarly lose money quickly if your timing is poor. Security is also a major issue and you must ensure you secure your crypto and transactions well or you could become a victim of theft or fraud.