Tesla's bitcoin buy both 'friend and foe' as shares enter bear market
Tesla and bitcoin are falling in tandem. Is there a connection?
Bitcoin's value tops $1T for first time
Bitcoin has blown through another milestone.
Elon Musk explains Tesla's $1.5B bitcoin buy
Tesla Inc. CEO Elon Musk said the inability to receive a return on his company’s cash was behind the decision to buy bitcoin.
Bitcoin reaches new record as celebrities, companies weigh in
Bitcoin (BTC) reached a new record value of $50,000 on Tuesday before falling back below $49,000.
Elon Musk in favor of top dogecoin holders selling most of their coins
Billionaire Elon Musk said on Sunday that he supports major holders of the meme-based digital currency dogecoin selling most of their coins, adding that he felt too much concentration in dogecoin was the “real issue.”
Bitcoin by the beach: Miami eyes paying workers and collecting taxes in cryptocurrency
Miami Mayor Francis Suarez praised the city's governing commission for passing a resolution Thursday that will study the feasibility of paying employees in bitcoin, as well as allowing residents to pay fees and taxes in bitcoin.
Bitcoin hovers near record as Mastercard, BNY Mellon eye Tesla move
Bitcoin reached a new record-high value this week as major tech and financial companies eye virtual currencies.
Cryptocurrencies now 'priceless' with Mastercard
Mastercard Inc. on Wednesday said it is preparing to support cryptocurrencies directly on its network this year, as the company follows the rise of digital assets.
Elon Musk says he bought Dogecoin for son 'so he can be a toddler hodler'
Tesla CEO Elon Musk on Wednesday said he bought Dogecoin for his baby "so he can be a toddler hodler."
Dogecoin quickly becoming the cryptocurrency of the stars
Dogecoin is becoming the cryptocurrency of the stars.
Tesla buys $1.5B in bitcoin, will start accepting for cars
Tesla makes a $1.5B bet on bitcoin.
Elon Musk's Dogecoin tweeting has believers barking for more
The reckless abandon of the investing world has a new fixation: a cryptocurrency that began in 2013 as a joke, was mostly forgotten, and thanks to a flurry of tweets from Tesla Inc.
Bitcoin robs from gold as precious metal sinks below $1,800
Bitcoin’s emergence as an investment thesis on Wall Street has tarnished some of gold’s allure.
Elon Musk digs Dogecoin after short-lived Twitter break, cryptocurrency soars
Less than two days after tweeting that he would be taking a break from the social media platform, billionaire Elon Musk was on Twitter again Thursday.
Elon Musk backs Bitcoin, talks crypto future
Musk said that bitcoin is "really on the verge of getting broad acceptance by conventional finance people" during an interview on audio chat app Club House.
GameStop volatility ushers in record business for Crypto platform
Crypto-asset broker Voyager Digital is opening 100 accounts per minute and has become a ranked app in the Apple Store as a result of volatility from GameStop, according to its CEO.
Bitcoin heads for worst weekly loss in months
It has lost 11% so far this week, the biggest drop since a 12% fall in September
College student uses single bitcoin investment to pay tuition
Early bitcoin investor Nikki Beesetti explains how a single transaction paid off in a big way.
Miami mayor considers bitcoin investment to create crypto hotbed
The mayor of Miami wants to make his city more appealing to the tech industry by embracing bitcoin.
Mark Cuban predicts bitcoin, top cryptos to thrive like tech-bubble survivors
Billionaire Mark Cuban thinks the crypto craze that’s sweeping across the investment community is “exactly like” the 1999-2000 tech bubble.
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.