Fed's Powell says digital currency is a 'complement' to the dollar, 'not a replacement'
Federal Reserve Chairman Jerome Powell said the creation of a central bank digital currency in the U.S. would require “careful thought and analysis."
Bitcoin price stabilizes following crypto plunge
Bitcoin and other cryptocurrencies stabilized after a beat-down that erased billions from the market.
Barstool's Portnoy says he ‘wishes’ he could manipulate the crypto market like Elon Musk
Barstool Sports founder and CEO David Portnoy argued that following "a guy who goes up and down" as it pertains to the cryptocurrency market could be "frustrating," referring to Tesla founder and CEO Elon Musk.
'Tesla has not sold any Bitcoin,' Elon Musk says
This is Musk's latest in a string of recent comments regarding Bitcoin, impacting the market price of the cryptocurrency.
Mark Cuban says Dogecoin being used as valid payment mechanism could be a reality
Mark Cuban said Saturday that Dogecoin, the meme coin promoted by Elon Musk and originally created as a joke, could "grow as a valid payment mechanism" in the future.
Coinbase preps Dogecoin listing
Coinbase CEO Brian Armstrong said during a Thursday earnings call that the cryptocurrency company is preparing to list Dogecoin on its platform.
Varney: Elon Musk ‘manipulating’ crypto market
FOX Business' Stuart Varney weighs in on Elon Musk tweeting about bitcoin and dismissal of dogecoin during his appearance on "SNL."
Elon Musk clarifies stance on cryptocurrencies as prices fall
Tesla CEO Elon Musk on Thursday clarified his thoughts on cryptocurrencies after comments he made earlier in the week have been credited with sending the markets lower.
Colonial Pipeline’s crypto ransom follows Yellen’s warning
Janet Yellen’s ominous warnings on cryptocurrencies may have just played out for Colonial Pipeline.
Elon Musk's bitcoin bashing continues, craters cryptos
Elon Musk turned his back on bitcoin sending a chill through the cryptocurrency world.
Elon Musk 'SNL' gag backed by crypto expert: Dogecoin 'is a hustle'
Director of research at D.A. Davidson Gil Luria tells "The Claman Countdown" that Elon Musk's joke on 'Saturday Night Live' calling Dogecoin a 'hustle' isn't a joke at all.
Ethereum, Dogecoin volatile after Elon Musk’s 'SNL' gig
Ethereum is surging to a new record, Dogecoin is also moving higher after Tesla and SpaceX CEO Elon Musk's "SNL" appearance roiled cryptocurrencies.
Amid Dogecoin volatility after Elon Musk 'SNL' show, Robinhood crypto trading goes down again
Investment platform Robinhood crashed early Sunday morning after billionaire Elon Musk – a longtime advocate for Dogecoin – called the cryptocurrency "a hustle."
Coinbase says SEC conversation on crypto regulation welcome
The $2 trillion crypto market and the exchanges operating in the space have no regulation leaving investors vulnerable said SEC's Gensler.
‘Tiger King’ star Carole Baskin explains why she’s releasing a ‘purr-ency’ crypto coin
The altcoin listed on Rally.IO “is not a currency for investment” and it starts at around $7.
Sotheby's will accept bitcoin for Banksy painting auction
Sotheby’s auction house will start accepting the cryptocurrency bitcoin in its forthcoming auction of street artist Banksy’s painting “Love is in the Air.”
Amid Ethereum, Dogecoin surge, Robinhood craps out
As Ethereum and Dogecoin jump, Robinhood knocked offline.
Ethereum, Dogecoin hit records
Ethereum has risen over 10% in the last 24 hours, while Dogecoin has surged over 35%.
Ethereum breaks past $3,000
Cryptocurrency ether hit a record high of $3,017 on Monday, extending last week's rally in the wake of a report that the European Investment Bank (EIB) could launch a digital bond sale on the ethereum blockchain network.
Ethereum jumps to record high on report of EIB digital bond issuance
Ethereum , the world's second largest cryptocurrency in terms of market capitalisation, touched a new peak on Wednesday, with participants citing media reports about the European Investment Bank's plans to launch a "digital bond" sale on the ethereum blockchain network.
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.