Visa to allow payment settlement using cryptocurrency
Visa Inc. said on Monday it will allow customers to settle transactions on its payment network in cryptocurrency.
Singer Boy George calls NFTs a 'new and exciting' way to enjoy art
The artist spoke to Maria Bartiromo about why he loves how art is now available to more people.
Instagram influencer accused of stealing $2.5 million in Bitcoin from followers
Jegara Igbara, who gained more than one million followers under the Instagram account where he went by "Jay Mazini," allegedly defrauded at least $2.5 million from his followers through a Bitcoin scheme.
Fidelity plans to launch Bitcoin ETF
Fidelity Investments unveiled plans Wednesday to launch an exchange-traded fund that tracks the price of bitcoin, furthering the money manager’s push to bring cryptocurrencies to mainstream finance.
Bank branches to disappear by 2034: new research
A new study has reinforced the view that traditional banks are on the decline, citing advancements in technology and internet access for the continuing trend.
Someone just bought a house for $500,000 – and they can never live in it
This is one expensive house-file.
Feds order Coinbase to pay $6.5M to settle trading investigation
Cryptocurrency exchange operator Coinbase Inc. agreed Friday to pay $6.5 million to settle regulatory claims that it reported misleading information about its trading volumes.
How will cryptocurrency earnings be taxed?
Geltrude & Company founder and CPA Dan Geltrude explained that if cryptocurrency is considered capital gain, then it's taxable.
NYC film director sells fart for $85, cashing in on NFT craze
A Brooklyn-based film director is simultaneously mocking and attempting to profit off the cryptocurrency craze for non-fungible tokens (NFTs) by selling a year’s worth of fart audio clips recorded in quarantine.
Elon Musk reverses course on selling NFT song
Billionaire Elon Musk reversed course on Tuesday after announcing he would sell a techno music track he produced about non-fungible tokens (NFT).
Elon Musk selling techno track he produced about NFTs as an NFT
The NFT song's highest bid currently sits at $100,000, according to Valuable's digital auction of the tweet
Bitcoin hits $60,000 in record high
Bitcoin, the world’s biggest cryptocurrency, on Saturday crossed a record high of $60,000.
Bill Gates is worried about Bitcoin, other cryptocurrencies for this reason
While a surge of interests from forward-looking investors pushed the price of a single bitcoin beyond $57,000 as of Thursday, billionaire Bill Gates has concerns about the process required to produce the digital currency.
Rob Gronkowski to offer exclusive digital trading cards amid NFT craze
Rob Gronkowski is getting into the non-fungible token game.
NBA makes blockchain play with Mark Cuban, other team owners: Report
Dubbed the “Blockchain Advisory Subcommittee,” the six-member group includes billionaire Dallas Mavericks owner Mark Cuban, Washington Wizards owner Ted Leonsis and Brooklyn Nets owner Joseph Tsai.
Tech entrepreneur John McAfee charged with fraud, money laundering in cryptocurrency schemes
The Southern District of New York has charged tech entrepreneur John McAfee and his cryptocurrency team with fraud and money laundering conspiracy crimes related to two schemes that netted them $13 million.
Crypto industry to Biden: 'Criminals we are not'
The cryptocurrency business wants to convince the Biden administration it does more than “finance criminal enterprises.”
Dogecoin payments to be accepted by this NBA team
The Dallas Mavericks and BitPay have teamed up to allow fans to purchase tickets and merchandise from their online team store with Dogecoin.
Elon Musk: SEC probe over Dogecoin tweets would be 'awesome'
Billionaire Elon Musk said Thursday that he would welcome a probe by the Securities and Exchange Commission (SEC) into his tweets about meme cryptocurrency Dogecoin.
Robinhood sees 6M new crypto traders to start the year
"That's more than the number of new crypto traders at Robinhood during the entirety of 2020," Robinhood co-founder Vlad Tenev tweeted Thursday.
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.