Crypto is reaching a tipping point: Bitstamp CEO
CEO Bobby Zagotta analyzes the factors behind the surge of digital currencies.
Bitcoin trades 7% higher while Ethereum in record territory
Bitcoin was trading more than 7% higher Monday morning.
Kroger, like Walmart, hit by fake crypto press release
Kroger says it was hit with a fake press release falsely claiming the nationwide grocer would be accepting Bitcoin Cash
Bitcoin Foundation chairman praises NYC mayor-elect, Miami mayor for leading US into the future with crypto
Bitcoin Foundation Chairman Brock Pierce discusses the impact cryptocurrency will have on the world as El Salvador President Bukele and U.S. state leaders try to implement cryptocurrency into daily life.
NYC Mayor-elect Eric Adams wants to be paid in bitcoin
Bitcoin Foundation Chairman Brock Pierce discusses NYC Mayor-elect Eric Adams embracing the cryptocurrency and its impact on the world.
Which cryptocurrency is riskiest among investors?
Investopedia.com editor-in-chief Caleb Silver shares survey results weighing investor trust in cryptocurrency.
Biden admin regulating stablecoins pushes back against financial 'freedom': Ex-Interior Department attorney
Former Trump principal deputy solicitor of the U.S. Department of Interior Gregory Zezan argues cryptocurrencies and stablecoins give people financial freedom, which the Biden admin is fighting against.
Bitcoin, Dogecoin lower, Ethereum higher early Tuesday morning
Bitcoin was trading 0.54% lower on Tuesday morning.
US regulators say issuers of 'stablecoins' should be policed like banks
A U.S. Treasury Department-led regulatory body called on Monday for Congress to regulate issuers of "stablecoins" like banks and urged financial agencies to assess whether the role of these fast-growing digital assets in the country's payments system posed a systemic risk.
'Squid Game' cryptocurrency developers steal millions in purported 'rug pull' scam
The SQUID token skyrocketed to a high of $2,861.80 before plunging to zero around 5:40 a.m. Monday. The meme coin's market capitalization hit an estimated $2.2 million, according to CoinMarketCap.
Bitcoin higher Monday morning after October rally in cryptocurrency market
Bitcoin was trading 2.4% higher Monday morning.
'Doggy meme coin' jumps 50%, becomes 11th largest crypto coin
Shiba Inu cryptocurrency jumped 50% over the weekend, becoming the 11th-largest cryptocurrency.
Billionaire Peter Thiel touts Bitcoin, says he is 'underinvested'
Billionaire PayPal co-founder Peter Thiel indicated Thursday that he wished he had taken a larger position in Bitcoin, the leading cryptocurrency that has surged in value in recent months.
Republican SEC commissioner criticizes agency’s approach to crypto
A Republican member of the Securities and Exchange Commission criticized the agency’s approach to regulating the cryptocurrency industry, which Chairman Gary Gensler, a Democrat, has likened to the Wild West.
Bitcoin price passes $66K in new all-time high
Bitcoin prices are bouncing back. Here's why.
Martha Stewart does NFTs—jack-o’-lantern art and a seductive selfie
Martha Stewart plans to unveil a collection of NFTs on her e-commerce site Tuesday. Alongside her wares for dining, drinking and decorating, Ms. Stewart will hawk her first line of digital collectibles, Halloween-themed nonfungible tokens featuring images of her costumes (and other good things) carved into pumpkins.
Senate Dems urge Facebook to discontinue Novi cryptocurrency project
The group argues that Facebook "cannot be trusted to manage a payment system or digital currency when its existing ability to manage risks and keep consumers safe has proven wholly insufficient."
Bitcoin continues climb, breaking $61,000 in overnight trading
Bitcoin continued to climb overnight and was trading almost 4.4% higher early Saturday morning at nearly $61,700
Crypto firms Tether, Bitfinex to pay $42.5 mln to settle US CFTC charges
Cryptocurrency Tether and crypto exchange Bitfinex will pay $42.5 million to settle civil charges from the U.S. Commodity Futures Trading Commission (CFTC) over allegedly making misleading statements and making illegal transactions.
El Salvador explores bitcoin mining powered by volcanoes
At a geothermal power plant near El Salvador’s Tecapa volcano, 300 computers whir inside a trailer as they make complex mathematical calculations day and night verifying transactions for the cryptocurrency bitcoin.
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.