Attorney Roy Black, Lea Black of ‘Real Housewives’ list $34 million Miami island home
Attorney Roy Black and "Real Housewives" alum Lea Black have listed their Miami island home for $34 million.
Bitcoin, Ethereum, Dogecoin trump stocks in August
The cryptocurrency market boomed during the month of August.
Trump warns crypto 'potentially a disaster waiting to happen'
Former President Trump warned that investing in cryptocurrencies is “potentially a disaster waiting to happen.”
Paulson says cryptocurrencies will eventually be ‘worthless’
John Paulson, the hedge fund billionaire who made a fortune in 2008 when he shorted the housing bubble, said in an interview published Sunday that he believes cryptocurrencies will eventually go bust.
Bitcoin billionaire spends millions on yacht: 'You never know when you are going to need an ark'
Bitcoin billionaire Brock Pierce has shelled out $1.9 million to buy a vintage yacht that he is spending millions more to revamp.
SEC chair warns cryptocurrency industry won't reach potential staying outside our laws
Chairman of the Securities and Exchange Commission Gary Gensler argued on Thursday that the cryptocurrency “field is not going to reach any of its potential if it tries to stay outside of our laws.”
Ohio man pleads guilty to running $300 million bitcoin money laundering service
Helix served as a bitcoin “mixer” or “tumbler,” helping those involved in transactions conceal the owner of the bitcoin.
Bitcoin higher early Monday as cryptocurrencies rise
The price of bitcoin was higher by nearly 3% early Friday morning, breaking the $47,000 plateau and continuing to rise since Friday.
Intel reveals stake in cryptocurrency platform CoinBase
Intel Corp. revealed in regulatory filings Friday that it holds a small stake in burgeoning cryptocurrency platform CoinBase.
Cryptocurrency investor warns government oversight could create ‘bad regulation’
Chamber of Digital Commerce Chairman Matthew Roszak reacts to Lionel Messi's new transfer contract, which includes cryptocurrency payments.
EXPLAINER: How cryptocurrency fits into infrastructure bill
A lot right now in the U.S. Congress. One way lawmakers propose to pay for the $1 trillion infrastructure bill the Senate approved Tuesday is by imposing tax-reporting requirements for cryptocurrency brokers, the way stockbrokers report their customers’ sales to the IRS. It could open the way for tighter regulation of cryptocurrency — something the Biden administration is moving toward as it also pushes for tax compliance.
Ted Cruz’s speech on cryptocurrency goes viral, accuses senators of ‘ignorance’ on issue
Sen. Ted Cruz, R-Texas, went viral on Monday after giving a speech on the Senate floor critical of his colleagues' attempt to add a provision inside the $1 trillion bipartisan infrastructure bill that would put in place tougher tax enforcement requirements for cryptocurrency transactions.
Senators’ cryptocurrency amendment blocked after receiving Yellen’s stamp of approval
A cryptocurrency amendment intended for inclusion in the bipartisan infrastructure bill, which aimed to define which groups would be subject to greater enforcement regulations, was blocked on Monday.
Biden spurns powerful Dem on cryptocurrency regulation in infastructure bill
President Biden Thursday night distanced himself from a proposal by Finance Committee Chairman Sen. Ron Wyden and other senators to loosen proposed regulations on cryptocurrency reporting requirements incuded in the bipartisan infrastructure bill.
Major cryptocurrencies trading higher early Friday
All of the major cryptocurrencies were trading higher Friday morning, with Bitcoin trading at nearly 5.4% higher.
Ethereum, Bitcoin trading higher as US Senate discusses cryptocurrency
Ethereum was making strong gains early Thursday morning, while Bitcoin was trading slightly higher, reports said.
Senators aim to clarify cryptocurrency reporting requirements with amendment to infrastructure bill
Sen. Cynthia Lummis, along with Sens. Pat Toomey and Ron Wyden, on Wednesday introduced an amendment to the bipartisan infrastructure bill that would rewrite part of a section setting up reporting requirements for cryptocurrency transactions.
SEC Chair Gensler calls on Congress to help rein in crypto 'Wild West'
The chair of the U.S. Securities and Exchange Commission (SEC) on Tuesday called on Congress to give the agency more authority to better police cryptocurrency trading, lending and platforms, a "Wild West" he said is riddled with fraud and investor risk.
Bitcoin price hovers around $38,600 in early Tuesday trading
Bitcoin and Ethereum are both lower early Tuesday morning.
Ethereum, Bitcoin down in early trading
Ethereum and Bitcoin were both trading lower Monday morning with the losses of 0.14% and nearly 5%, respectively.
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.