Bitcoin tops $60K, SEC mulls ETF approval
Bitcoin was trading 2.57% higher on Friday morning, nearing $60,000 per coin
How a Bitcoin-related ETF won SEC approval
An inside look at the ETF that is not all Bitcoin but gets investors solid exposure to the world’s biggest cryptocurrency.
Coinbase launching NFT marketplace
Coinbase announced Tuesday that it is launching a marketplace for trading nonfungible tokens by the end of the year.
Miami mayor defends Bitcoin after JPMorgan CEO Dimon calls it 'worthless'
Miami Mayor Frances Suarez hits back at Bitcoin critics and the success of MiamiCoin
Mississippi Southern Baptist church first to accept cryptocurrency donations
Back Bay Baptist Church in St. Martin announced at the end of September that it would accept digital currencies after COVID-19 made it difficult to collect traditional payments.
Bitcoin is 'worthless': JPMorgan CEO Dimon
JPMorgan Chase CEO Jamie Dimon says Bitcoin is 'worthless'
Bitcoin, Ethereum, Dogecoin all in negative territory early Saturday
Bitcoin was trading 2.33% lower on Saturday morning.
China proposes adding cryptocurrency mining to 'negative list' of industries
China has added cryptocurrency mining to a draft list of industries in which investment is restricted or prohibited, although it reduced the number of sectors on the list overall, a document released by the state planner showed on Friday.
White House weighs broader oversight of cryptocurrency market
The White House is considering a wide ranging oversight of the cryptocurrency market to combat the growing threat of ransomware and other cyber crime, a spokeswoman said on Friday.
Barstool's Portnoy on JPMorgan's Dimon's skepticism of bitcoin: 'It's not going anywhere'
Barstool Sports founder Dave Portnoy responded to JPMorgan Chase CEO Jamie Dimon reportedly saying bitcoin is "a little bit of fool’s gold," arguing that the cryptocurrency "is not going anywhere."
Is the stock market open at 3 a.m.? This startup says it should be
A startup trading platform is seeking approval from the Securities and Exchange Commission to launch the first U.S. stock exchange that would operate around the clock, including on weekends and holidays.
Mark Cuban explains how 'not all crypto is the same'
Billionaire investor Mark Cuban spells out how not all cryptocurrencies are the same
US citizen guilty of conspiring with North Korea: DOJ
A U.S. citizen has pleaded guilty to conspiring to provide cryptocurrency services to North Korea, the Department of Justice announced this week.
Bitcoin slightly higher early Wednesday, trading at around $42,300
Bitcoin was trading 1.12% higher Wednesday morning at about $42,300
Bitcoin miners eye nuclear power as environmental criticism mounts
Bitcoin miners, under fire for their sizable environmental footprint, are forging partnerships with owners of struggling nuclear-power plants with electricity to spare.
China’s central bank calls cryptocurrency-tied deals illegal, bitcoin drops
The People’s Bank of China on Friday called cryptocurrency-tied deals in the country illegal, sending Bitcoin, Ethereum, and XRP reeling.
Elon Musk says dogecoin fees need to fall before being 'viable' payment
Musk's remarks came after AMC CEO Adam Aron indicated that the meme-based cryptocurrency may be accepted as a payment option at its theaters in the future.
AMC CEO suggests Dogecoin could be accepted at theaters: 'Stay tuned'
AMC CEO Adam Aron indicated Wednesday that the movie theater chain would explore accepting Dogecoin cryptocurrency as a form of payment after the idea drew a positive response from Twitter users.
Robinhood crypto wallets confirmed
Robinhood announced Wednesday that a select number of its customers will begin testing crypto wallets for the retail trading platform starting next month.
Airbnb CEO hints on crypto
Airbnb CEO has nothing to announce on cryptocurrencies but he did share a key connection to the industry.
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.