Bitcoin price hovers around $42,000
Bitcoin was trading around $42,000 Wednesday morning, paring gains after snapping a two-day losing streak.
SEC is 'terrified' of setting a crypto standard in the US: LBRY CEO
Jeremy Kauffman tells 'The Claman Countdown' if LBRY loses its case to the SEC it could 'severely damage' the crypto industry.
Recent geopolitical events only underscore need for digital assets: FinTech expert
Devin Ryan, head of financial technology research at JMP Securities, argues the war in Ukraine shows one part of the utility of crypto as the ditial asset 'played an important role in fundraising for the Ukranian government.'
Cryptocurrency trading higher; Goldman Sachs makes OTC crypto trade -- first of its kind
Cryptocurrency prices were edging higher early Tuesday morning with Ethereum topping the $3,000 mark for the first time in two weeks.
Goldman Sachs makes OTC crypto trade, a first for major Wall Street Bank
Goldman Sachs has executed its first over-the-counter cryptocurrency transaction, marking a significant step towards possible wider adoption among major Wall Street banks.
Crypto is not a sanctions escape for Russia: Chia Network COO
Chia Network COO and president Gene Hoffman discusses if cryptocurrencies could be a sanctions loophole for Russia on 'The Claman Countdown.'
PayPal, Venmo raise fees on cryptocurrency trades of up to $200
Effective Monday, cryptocurrency trades between $1 and $4.99 will incur a charge of 49 cents, while trades between $5 and $25 will be charged 99 cents, trades between $25 and $75 will be charged $1.99 and trades between $75 and $200 will be charged $2.49.
Cryptocurrency market down overall heading into Monday morning
Bitcoin was trading above $41,000 early Monday morning as the cryptocurrency market was down overall.
Tom Brady makes Bitcoin offer for fan who spent over $500,000 on 'last' TD football
Looks like the unlucky fan that spent over $500,000 on what was presumably Tom Brady's last career touchdown pass is going to be getting some reimbursement after the Tampa Bay Buccaneers quarterback made a plea on their behalf.
Limewire co-CEOs on acquiring brand, relaunching as music NFT marketplace
LimeWire CEOs Paul and Julian Zehetmayr discuss the company transforming to an NFT marketplace.
Success of bitcoin, dollar not mutually exclusive: Invest Diva CEO
Invest Diva CEO Kiana Danial discusses Sen. Elizabeth Warren's bill targeting Russian crypto use and if cryptocurrency will eventually trump the dollar.
Bitcoin hovers around $40,000 after winning streak snapped
Bitcoin is trading above $40,000 after a day that saw its three-day winning steak snapped.
Ukraine trying to 'spur regulations' of crypto assets: Natalie Brunell
Coin Stories podcast host joins 'Cavuto: Coast to Coast' to discuss economic strategies involving crypto currency as interest rates continue to rise.
Russian invasion of Ukraine allows people to see 'the real world utility' of crypto: Digital asset expert
IDX Digital Assets CEO Ben McMillan points to two use cases for crypto noting that sanctions caused Russians to abandon the ruble and move to Bitcoin and that when 'Ukraine needed to raise money fast, they turned to cryptocurrencies.'
Bitcoin price holds above $40,000
Bitcoin was trading around $40,000 Thursday morning following the Federal Reserve's interest rate hike.
Bitcoin price hovers around $39,000
Bitcoin was hovering around $39,000 Wednesday morning after a modest gain in the previous session.
People need time to see Bitcoin's 'fundamental value': Crypto expert
Bitcoin expert Layah Heilpern joins 'Making Money' to discuss the volatile crypto market amid the Russia-Ukraine conflict.
Biden executive order on cryptocurrency a disaster for US industry: Ex-Treasury official
Former Acting Assistant Treasury Secretary Gregory Zerzan explained the “unfortunate thing” about President Biden's executive order on government oversight of cryptocurrency, arguing that taking “a top-down government-run approach” is “not a pathway to innovation.”
Former Treasury official slams Biden crypto executive order as barrier to innovation
Former Acting Assistant Treasury Secretary Gregory Zerzan weighs in on President Biden's executive order on government oversight of crypto.
The 'unfortunate thing' about Biden's executive order on crypto: Former Treasury official
Former Acting Assistant Treasury Secretary Gregory Zerzan argues the only thing not blamed on cryptocurrencies in President Biden's executive order is COVID-19.
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.