Elon Musk says SpaceX, Tesla facing 'significant' inflationary pressure
Musk's tweet comes after the consumer price index rose 7.9% in February from a year ago, marking the fastest increase since January 1982, when inflation hit 8.4%.
Austin may be next major city to embrace cryptocurrency
An Austin City Councilmember on Thursday announced a resolution that would explore possible uses of Bitcoin and other cryptocurrencies in the city.
Crypto 'important' amid war overseas, but not yet reflected in the price: Brock Pierce
Bitcoin Foundation Chairman Brock Pierce argues crypto is 'playing a very fundamental role' in helping Ukraine financially amid Russia's invasion of the country given 'traditional financial services aren't functioning.'
Russia-Ukraine war has created a watershed moment for cryptocurrency: Harry Yeh
Harry Yeh and Ken Mahoney react to Ukraine getting cryptocurrency donations and the EU voting on a proposed rule to ban bitcoin on 'Mornings with Maria.'
Cryptocurrency pioneer says Biden executive order will impact midterm elections
Bitcoin Foundation Chairman Brock Pierce on President Biden's executive order to review cryptocurrencies.
Bitcoin Foundation chairman: Biden executive order on cryptocurrencies will impact midterm elections
Brock Pierce on President Biden signing an executive order to review cryptocurrencies.
Crypto serves as 'critical infrastructure' during Ukraine crisis: Bitcoin expert
Bitcoin Foundation Chairman Brock Pierce says cryptocurrencies are 'resilient' and helping Ukrainians in a critical moment.
Bitcoin hovers around $39,000 after winning streak snapped
Bitcoin was trading around $39,000 on Friday morning after snapping a two-day winning streak.
Verdict against self-proclaimed Bitcoin inventor balloons to $143 mln
A federal judge in West Palm Beach, Florida, ruled the self-proclaimed Bitcoin creator Craig Wright must pay another $43 million to a joint venture he co-created, adding to a $100 million verdict against him last year.
Some amount of crypto regulation 'important': FTX US President
Brett Harrison, the president of FTX US, a U.S.-regulated cryptocurrency exchange, argues that 'some amount' of crypto regulation is 'important' so that institutions 'feel confident' in putting their money into the 'emerging space.'
Crypto's wealthy investors: Who they are
The study found that individuals involved with crypto, either as a founder or investor, have several characteristics that set them apart from the generally wealthy.
Bitcoin pulls back to around $39,000 following Wednesday surge
Bitcoin was trading around $39,000 on Thursday morning, giving back some gains picked up on Wednesday.
Did Biden acknowledge crypto is here to stay?
Wave Financial Group CEO David Siemer reacts to the president's cryptocurrency executive order on 'The Claman Countdown.'
Biden amin 'finally coming to terms' with crypto as positives outweigh negatives: Author
Kiana Danial, author of 'Cryptocurrency Investing For Dummies,' argues Bitcoin seems to be a 'safe place' for an increasing amount of people to store their wealth amid the current economic climate.
Bitcoin provides a 'sense of security' in Ukraine: Kiev-based crypto exchange founder
Michael Chobanian, the founder of Kuna crypto exchange, argues 'it's much better' to keep money in crypto rather than U.S. dollars in a Ukrainian bank 'because anything can happen to Ukrainian banks at the moment.'
Biden administration to study whether US should issue a cryptocurrency
President Biden signed an executive order Wednesday directing agencies within his administration to study whether the U.S. central bank should create a digital currency.
Biden to sign executive order to outline US cryptocurrency strategy
President Biden is expected to sign an executive order on Wednesday outlining a strategy for cryptocurrencies.
Bitcoin price rises as Biden to sign executive order on crypto strategy
Bitcoin is back on the rise after snapping a five-day losing streak on Tuesday.
Cryptocurrency not viable tool for sanction evasion: Digital commerce exec
Chamber of Digital Commerce founder and president Perianne Boring discusses President Biden potentially signing an executive order on digital assets.
Coinbase blocks over 25,000 Russia-linked accounts believed to be engaging in illicit activity
Coinbase chief legal officer Paul Grewal said in a blog post Monday that while most of the accounts were identified prior to Russia's invasion of Ukraine, their addresses have been shared with the government to further support sanctions enforcement.
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.