Ethereum hits fresh record, eyes $3,000 barrier
Cryptocurrency ether hit a record high on Monday to trade within a whisker of $3,000, 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.
Mastercard, Winklevoss' Gemini partner on crypto card
Mastercard has partnered with Gemini, the cryptocurrency platform founded by Tyler and Cameron Winklevoss, to create a cryptocurrency rewards card.
'Bitcoin is the future': Chiefs’ Sean Culkin to become first NFL player to convert 2021 salary into crypto
Kansas City Chiefs tight end Sean Culkin discusses converting his full salary into bitcoin.
WeWork to begin accepting crypto payments
WeWork will partner with cryptocurrency firms Bitpay and Coinbase to facilitate transactions of Bitcoin, Ethereum, USD Coin, Paxos and several other digital currency offerings.
Dogecoin vs. Bitcoin: What's the difference?
Dogecoin and Bitcoin are cryptocurrencies that have made headlines in recent weeks because of their respective surging values.
Bitcoin’s nosedive: What happened and what’s ahead?
Bitcoin took a double-digit beating but the yearly gains still sit at 92%.
Petition calls for Amazon to accept Dogecoin after its price surge
The "Doge4Amazon - Accept Dogecoin as a payment method" petition, posted to Change.org, claims that Amazon is "alienating many people who do not have a traditional bank account" by not offering Dogecoin.
Paying taxes in bitcoin could make Miami-Dade ‘crypto capital of the world’: Commissioner
Miami-Dade County Commissioner Danielle Cohen Higgins on the potential benefits of residents paying taxes with bitcoin.
Dogecoin: What's behind the surge?
Dogecoin, a cryptocurrency that began as a joke in 2013 based on a popular meme, has seen a more than 500% price surge over the past week, according to Friday data from CoinMarketCap.com.
Varney's warning over 'crazy, bubble-like speculation'
FOX Business' Stuart Varney in his latest “My Take” gives two examples of “rampant, crazy, bubble-like speculation.”
SEC’s Gary Gensler eyes crypto and climate change with confirmation official
Gary Gensler has become the 33rd Chairman of the Securities and Exchange Commission.
China is trying ‘to dominate blockchain,’ Navarro warns
Former Trump Trade and Manufacturing Policy assistant Peter Navarro warned of a potential cryptocurrency threat from China on Wednesday, arguing that if China "controls the digital universe" and "also has the ability to basically hack that system, it controls everything."
Coinbase IPO will make bitcoin, crypto a household name: Tech investment expert
Evolution VC Partners founder Gregg Smith argues that Coinbase will popularize bitcoin and cryptocurrencies across America.
Kraken CEO confirms public offering to come if over-regulation doesn’t force the platform ‘out of the country’
Kraken CEO Jesse Powell says the platform is working quickly to launch an IPO but U.S. regulations are a potential deterrent.
Bitcoin nears all-time high prior to biggest US crypto exchange listing
Bitcoin neared an all-time high on Monday ahead of a listing by the largest US cryptocurrency exchange.
Peter Thiel: China could use bitcoin as a 'financial weapon against the US'
Tech investor and PayPal co-found Peter Thiel believes China can use the cryptocurrency Bitcoin as a “financial weapon” against the U.S.
Cryptocurrency inflows hit all-time high of $4.5B in first-quarter
Inflows into cryptocurrency funds and products hit a record $4.5 billion in the first quarter, suggesting increased institutional participation in the once-maligned sector, data from digital currency manager Coinshares showed on Tuesday.
Crypto market cap surges to record $2 trillion, bitcoin at $1.1 trillion
The cryptocurrency market capitalization hit an all-time peak of $2 trillion on Monday, according to data and market trackers CoinGecko and Blockfolio, as gains over the last several months attracted demand from both institutional and retail investors.
Is Chipotle's bitcoin burrito deal bullish for cryptocurrency?
Chipotle Chief Marketing Officer Chris Brandt told FOX Business' Neil Cavuto that the burrito chain has no plans to adopt bitcoin as a form of payment in its restaurants
Funko getting into NFT action with weekly offerings starting in June
Each week, Funko will release a new and exclusive figure starting at a price point of $9.99. The digital, redeemable NFT collectibles will be sold via the Worldwide Asset eXchange.
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.