Coinbase to suspend Binance stablecoin
Cryptocurrency exchange Coinbase revealed on Monday that it has plans for the suspension of trading Binance’s stablecoin starting in two weeks.
Investment scams becoming 'more of a plague' for consumers: Dan Roccato
University of San Diego finance professor Dan Roccato's best tip for avoiding fiscally detrimental scams is using credit cards - rather than debit cards - when making online purchases.
Crypto regulation debate is matter of 'free speech': Brock Pierce
Bitcoin Foundation Chairman Brock Pierce argues America and its principles were built to be 'very much aligned' with cryptocurrency.
Grayscale sues SEC for rejecting bid to turn bitcoin fund into a spot ETF
FOX Business' Charlie Gasparino speaks to Grayscale Investments CEO Michael Sonnenshein about his firm's case against the SEC over its denial of a bitcoin ETF on 'The Claman Countdown.'
Miami-Dade County hasn’t ‘lost any money’ from the FTX collapse: Mayor Francis Suarez
Miami Mayor Francis Suarez discusses the price of Bitcoin slipping below $24,000 as U.S. regulators warn banks of heightened liquidity risk in crypto-related deposits.
Supply chain is still broken in this country: Matt Higgins
RSE Ventures co-founder and CEO Matt Higgins discusses his new book 'Burn the Boats,' the impact of the economy on small businesses, high inflation hurting consumers and cryptocurrency.
IMF against making crypto legal tender, issues action plan
The International Monetary Fund has made recommendations on how countries should handle crypto assets.
US regulators warn banks of heightened liquidity risks in crypto-related deposits
Office of the Comptroller of the Currency joined the Federal Reserve and Federal Deposit Insurance Corp. in issuing the joint warning about crypto's risks.
Greycroft's Kamran Ansari: Fintech sector not going away, 'these are big businesses'
Greycroft board partner Kamran Ansari analyzes the fintech sector after Cathie Wood's ARK bought $13 million of Coinbase shares on 'The Claman Countdown.'
US needs to have a digital bill of rights: Col. Mark Hurley
Col. Mark Hurley USAF (Ret.) discusses China's relationship with Russia, the need for a digital bill of rights, and his attendance at the State of the Union.
Stablecoins attract scrutiny in SEC’s drive to control crypto
The SEC is investigating whether stablecoins, cryptocurrencies that maintain a price of $1, are among the products that were issued in violation of investor-protection laws.
IEX taps potential partner for regulated crypto exchange
Brad Katsuyama and his staff are now in talks with publicly traded cryptocurrency exchange Coinbase to create a federally approved digital asset marketplace.
Sam Bankman-Fried’s defense distinguishing ‘mind-boggling incompetence’ vs ‘criminal behavior’: Christopher Alexander
Liberty Blockchain CCO Christopher Alexander reacts to reports that disgraced FTX founder Sam Bankman-Fried will plead guilty to fraud charges.
SEC fines former Boston Celtics star Paul Pierce for crypto push
Former Boston Celtics player Paul Pierce will be subject to a hefty fine as he settles charges from the Securities and Exchange Commission.
Sam Bankman-Fried's bail backer seen in California
Former Stanford Law School Dean Larry Kramer is a co-signer of disgraced FTX founder Sam Bankman-Fried’s $250 million bail package (Credit: Flightrisk for Fox News Digital).
Bitcoin hits six-month high
Bitcoin, a digital asset and cryptocurrency, has risen to a six-month high as investors gravitate back to more riskier assets.
Will ChatGPT repeat the dot-com and crypto crashes?
ChatGPT will not follow the boom and bust cycle of the 2000 dot-coms and current crypto bankruptcies say a venture capitalist and CEO who explain that investors are more sophisticates and wary.
SEC crypto proposal could bar investment advisers from holding at firms
The SEC proposed a rule that would broaden regulations requiring investment advisors to securely store clients' assets with a qualified custodian to cover crypto assets.
GOP lawmakers probe timing of FTX founder Sam Bankman-Fried's arrest
Republicans from the House Financial Services Committee have requested records from the SEC related to the timing of charges against FTX founder Sam Bankman-Fried.
Crypto exchange settles with SEC over 'staking'
The settlement with Kraken and one of its business practices could spell headaches for other platforms with similar services.
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.