Crypto expert on potential investment risks associated with Fidelity allowing Bitcoin in 401(k) accounts
Domain Money founder and CEO Adam Dell argues 'each individual needs to determine for themselves what level of risk is appropriate given their situation.'
World on precipice of food crisis: Goya CEO
Goya Foods CEO Bob Unanue argues the world has 'weaponized food.'
China lockdown affecting cryptocurrency markets
Forkast Editor in Chief and Founder Angie Lau on how the China lockdowns have impacted cryptocurrency markets and the supply chain.
Binance recovers some of the stolen crypto from $600M heist
Some of the stolen crypto assets from one of the biggest heists have been recovered.
Elon Musk's heart and mind in the 'right place' on Twitter, Domain Money CEO Adam Dell says
Domain Money founder and CEO Adam Dell provides insight into crypto regulation and Elon Musk exploring the Twitter tender offer.
Adam Dell on crypto regulation, Elon Musk exploring Twitter
Domain Money founder and CEO Adam Dell provides insight into crypto regulation and Elon Musk exploring the Twitter tender offer.
Tennessee man pleads guilty to using COVID-19 aid for himself
A Tennessee man admitted Thursday to receiving more than $600,000 in COVID-19 relief and using those loans for himself.
Bitcoin a 'strong inflation hedge' amid volatile market: Okcoin CEO
Okcoin CEO Hong Fang argues bitcoin is a "strong" inflation deterrent despite its recent price volatility.
Bitcoin can be ‘strong inflation hedge’ during ‘expected’ volatility: Okcoin CEO
Okcoin CEO Hong Fang argues bitcoin has a strong investment value as inflation risks continue in the market.
Bitcoin trades around $40,000 after winning streak snapped
Bitcoin investors are looking toward the cryptocurrency's next winning streak, after a three-day gain was snapped on Thursday.
Russia-Ukraine war proves crypto is a 'powerful tool': Fireblocks CEO
Michael Shaulov explains how Russian sanctions are impacting the cryptoverse on 'The Claman Countdown.'
Is Bitcoin a fad?
Bitcoin expert and podcast host Layah Heilpern weighs in on the U.S. spot Bitcoin ETF being yet to have approval on 'Making Money.'
Bitcoin hovers around $41,000 on three-day rise
Bitcoin has had a positive week so far, trading above $41,000.
Bitcoin trades around $41,000 following two-day rise
Bitcoin's price rise paused Wednesday morning after gains in the prior session.
Miami mayor on unifying GOP with youth vote: Boomer transition offers 'opportunity'
Miami Mayor Francis Suarez says he "hopes" to help bring more young voters to the Republican Party.
Miami transforming into 'Bitcoin City'
Miami Mayor Francis Suarez says the city is almost ready to roll out its cryptocurrency taxpayer platform.
Bitcoin, crypto will ‘climb higher’: Expert
Prochain Capital President David Tawil on his outlook for bitcoin.
Bitcoin, crypto will ‘climb higher’ amid rebounding: Expert
Prochain Capital President David Tawil discusses bitcoin trading above $40,000 after a volatile few weeks.
Expert on bitcoin trading above $40,000 after volatile few weeks
Prochain Capital President David Tawil provides insight into the cryptocurrency market.
Fidelity launches crypto, metaverse ETFs
The new funds will be available on or around April 21 for individual investors and financial advisers to purchase commission-free through Fidelity’s online brokerage platforms.
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.