Digital asset expert on Dorsey stepping down as Twitter CEO, crypto regulations
IDX Digital Assets CEO Ben McMillan on regulations in the crypto industry how it will impact investors.
Virtual real estate plot in Decentraland sells for record $2.4M in cryptocurrency
The digital land, located in the heart of Decentralands' Fashion District, will be used for fashion projects and events. The property's new owner, Metaverse Group, plans to establish partnerships with existing fashion brands looking to expand their e-commerce offerings within the metaverse.
VanEck CEO: Bitcoin fund approval on SEC 'life support'
VanEck CEO Jan van Eck discusses the importance of cryptocurrency adoption.
Could El Salvador achieve economic independence with 'Bitcoin City'?
Bianco Research President Jim Bianco weighs in on the push for third-world freedom from the IMF and World Bank.
MoonPay CEO on bringing crypto the masses
MoonPay CEO and founder Ivan Soto-Wright discusses his business model and his expectations for the regulatory backdrop for crypto.
El Salvador plans first 'Bitcoin City', backed by bitcoin bonds
El Salvador plans to build the world's first "Bitcoin City" which will be funded initially by bitcoin bonds, President Nayib Bukele said on Saturday, doubling down on the Central American country's bet on the crypto currency.
Man gets 3-year prison sentence for Bitcoin money laundering
A Southern California man was sentenced to three years in federal prison for operating an unlicensed business that exchanged at least $13 million in Bitcoin and cash, the U.S. Attorney’s Office said.
Biden infrastructure bill crypto tax provisions 'problematic': Chamber of Digital Commerce president
Chamber of Digital Commerce founder and President Perianne Boring on Biden’s tax provisions for cryptocurrency in the infrastructure bill.
RocketFuel Blockchain CEO: 'Too much' Bitcoin regulation will suppress technical advancement
RocketFuel Blockchain CEO Peter Jensen comments on the future of cryptocurrency from Bitcoin Week in El Salvador
AEG CEO on Staples arena renaming deal: Cryptocurrency is ‘here to stay, very promising’
AEG President and CEO Dan Beckerman provides insight into the Staples Center being renamed Crypto.com Arena.
Staples Center in Los Angeles getting new name in $700M deal: reports
The Staples Center in Los Angeles, home to two NBA teams and one NHL team since 1999, will undergo a name change on Christmas Day, according to reports.
SEC rejects VanEck's bitcoin ETF
The SEC squashes what would have been a Bitcoin ETF for investors.
Bitcoin price slips to $64,600 in record week
Bitcoin was trading 1% lower Friday morning. That put the price around $64,600.
Investors eye crypto as a hedge against inflation
MittGroup CEO Grant Mitterlehner tells Neil Cavuto Bitcoin is 'the new gold.'
Gold, Bitcoin lead gains in inflation hedges
Blue Line Capital President Bill Baruch discusses Gold and Bitcoin's performance in the markets and the Federal Reserve's response to inflation.
Cryptocurrency added as category in CES 2022
CTA CEO Gary Shapiro previews what to expect in the live and digital platforms of the innovation conference.
Bipartisan infrastructure bill targets crypto industry with stricter oversight: What to know
Congress passed a bipartisan $1.2 trillion infrastructure bill on Friday that includes a controversial new cryptocurrency tax requirement, despite months of aggressive lobbying by industry groups as they looked to fend over stricter regulatory oversight.
Cryptocurrency is the new frontier for America: Miami mayor
Mayor Francis Suarez breaks down how his plan to implement crypto can lower taxes in his Florida city on ‘Kennedy.’
Bitcoin hits all-time high
Ava Labs President John Wu on investing in cryptocurrency industry, expected Coinbase earnings report and Bitcoin's increasing popularity.
What is an NFT? Susan Li explains
FOX Business' Susan Li joins 'Cavuto: Coast to Coast' to discuss the difference between cryptocurrencies
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.