Facebook's Libra not the average crypto: 5 fast facts
Head of Facebook's Calibra David Marcus explains the soon-to-launch cryptocurrency and digital wallet.
Facebook to launch cryptocurrency this month: Report
The social media giant has been working to develop a digital currency, code-named Libra, that will allow users to store or transfer money and complete transactions without fees.
Facebook contacted Winklevoss twins for cryptocurrency talks: Report
The Winklevoss twins famously sued Zuckerberg for allegedly stealing the idea for Facebook while the trio were classmates at Harvard University.
AT&T says it will accept payments in cryptocurrency
AT&T said in a statement that it will accept online payments BitPay, a service that helps companies accept payments through bitcoin.
These 2020 Democrats will accept crypto donations
Swalwell joins fellow Democratic candidate Andrew Yang, the founder of Venture for America, in accepting crypto donations.
'Game of Thrones' star Jerome Flynn joins real-life 'small council'
Look out, "Game of Thrones" fans — the Master of Coin is back, and he's now advising another type of "small council."
Bitcoin tanks in biggest intraday price drop this year. Here's why
Bitcoin fell by more than 9 percent, losing close to a $1,000 in value.
Hackers stole $41M of bitcoin on one of world’s largest crypto exchanges
It’s one of the biggest crypto heists to date.
Warren Buffett slams bitcoin as a 'gambling device'
Billionaire investors Warren Buffett tells FOX Business he is not deviating from his position on the cryptocurrency market.
'Mighty Ducks’ actor Brock Pierce used bitcoin to buy $1.2M home in Amsterdam
The purchase was facilitated through a Swiss-based crypto credit line.
IBM security expert gives tips for protecting personal data from new threats
Hackers are pivoting to “cryptojacking” in order to get at your personal data, according to IBM Security VP Caleb Barlow
JPMorgan launches 'JPM Coin' cryptocurrency, becomes first major bank to create its own digital coin
Dubbed JPM Coin, the move comes less than two years after CEO Jamie Dimon called bitcoin a "fraud."
75 banks have now joined JPMorgan to test blockchain payments
The JPMorgan-led project has been growing since launching in 2017.
Blockchain the key to a cheaper electricity bill?
Here’s how blockchain could revolutionize the energy industry.
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.