Barstool's Portnoy makes $1M Bitcoin investment, says it's 'here to stay'
Barstool Sports founder Dave Portnoy, who admitted to once being skeptical of Bitcoin, discussed the future of the cryptocurrency amid its recent slide, noting that he believes the crypto is “here to stay.”
Cryptocurrencies higher across the board early Friday morning
Bitcoin, Ethereum and Dogecoin were all higher early Friday morning as cryptocurrencies were following the U.S. stock market lead.
Jump Trading replaces stolen Wormhole funds after $320M crypto hack
The cryptocurrency arm of Jump Trading said on Thursday it had restored more than $320 million to crypto platform Wormhole after the decentralized finance site was hit with one of the largest crypto heists on record.
Volatility is here to stay in the crypto market: Crypto expert
IDX Digital Assets CIO Ben McMillan discusses his outlook for cryptocurrency in 2022 and what to expect for stablecoin regulation.
Cryptocurrencies turn downward early Thursday morning
Cryptocurrency prices were down from earlier highs Thursday morning.
Disney launches search for NFT manager
Disney has a hot job listing for a key player who can marry cryptocurrency with the entertainment giant's media assets.
Cryptocurrencies are the 'new frontier': Expert
JMP Securities Director of Financial Technology Research and Head of Business Development Devin Ryan says crypto has the power to solve the world's blockchain and tech problems.
Cryptocurrencies higher across the board after nearly two weeks of losses
Cryptocurrency was trading higher early Wednesday morning for all of the major coins.
Ripple’s legal brawl with SEC could help settle when cryptocurrencies are securities
The booming cryptocurrency sector’s complaints that Washington has gone too far in cracking down on its unregulated products are getting tested in a key lawsuit targeting Ripple Labs Inc. and its digital coin, XRP.
What's driving crypto volatility?
Domain Money founder and CEO Adam Dell weighs in on bitcoin's dip.
Facebook's cryptocurrency venture to wind down after asset sale to Silvergate
Meta Platforms Inc-backed Diem Association sold its assets to crypto-focused bank Silvergate Capital Corp, Diem said on Monday, ending the tech giant's ambitious push to get its billions of users transacting in its own currency.
Bitcoin a lifeline to sound money principals: Crypto expert
Chamber of Digital Commerce founder Perianne Boring discusses crypto regulation on 'The Claman Countdown.'
Cryptocurrency struggling early Monday morning with Bitcoin, Ethereum, Dogecoin all lower
Bitcoin was struggling early Monday morning following a downtrend last week with blame clearly landing on Fed plans to raise interest rates in March.
Why government is trying to stop Bitcoin from becoming a 'big thing'
Invest Diva CEO Kiana Danial and author Carol Roth discuss the democratization of crypto and infrastructure on 'Making Money.'
Bitcoin price hovers around $37,000
Bitcoin has been struggling this week along with equities as the Federal Reserve sets out its roadmap to raise interest rates.
SEC rules on Fidelity's Bitcoin ETF
Bitcoin investors lost another chance to invest via an exchange-traded fund.
Crypto expert on market volatility amid rate hike expectations: Sell pressure coming mostly from institutions
Okcoin Chief Marketing Officer Haider Rafique argues many institutions and investors with large positions are starting to liquidate and that the 'impact from the equities market is also making its way to the crypto market.'
Crypto bloodbath starting to find footing: Market expert
Blue Line Capital President Bill Baruch provides insight into the stock markets and cryptocurrency.
Facebook’s cryptocurrency venture to wind down, sell assets
Facebook’s ambitious effort to bring cryptocurrency to the masses has failed.
Picasso heirs launch digital art piece to ride 'crypto' wave
Heirs of Pablo Picasso, the famed 20th-century Spanish artist, are vaulting into 21st-century commerce by selling 1,010 digital art pieces.
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.