Trump could endorse Bitcoin as a national strategic reserve asset: Anthony Pompliano
Pomp Investments Investor Anthony Pompliano previews the world's largest Bitcoin conference in Nashville on 'Making Money.'
Investor urges VP Harris to move to center after support of 'very progressive' positions
Crypto investor Michael Novogratz said he hopes Vice President Harris will moderate the "very progressive" positions she took as a senator and in her presidential campaign.
Wyoming Sen. Lummis plans to announce legislation for Strategic Bitcoin Reserve at Nashville conference
Sen. Lummis plans to make the announcement at the annual Bitcoin Conference in Nashville, Tennessee. Republican presidential candidate Donald Trump is scheduled to speak at the event.
Crypto firm Flowdesk hires former NYSE counsel as it looks to build US presence
Flowdesk has added seasoned securities lawyer James Morgan to its C-suite, in a move to position the firm as a major institutional player in the U.S. crypto market.
Trump-Vance 2024 is pro-innovation, pro-crypto: Shervin Pishevar
Edisonalpha founder and CEO Shervin Pishevar on supporting a Trump-Vance ticket to 'rebuild America 2.0' and the latest military escalations in the Middle East.
Winklevoss twins donate $1M in Bitcoin to support Sen. Warren's pro-crypto challenger
Winklevoss twins donate to new Super PAC supporting pro-crypto candidate John Deaton in race against Massachusetts Senator Elizabeth Warren.
Trump fundraiser at bitcoin conference asking $844,600 per seat
Former President Trump is hosting crypto-loving donors at a private fundraising event before he headlines the Bitcoin 2024 conference in Nashville this month.
Ripple backs Marine veteran, pro-crypto lawyer in battle for Elizabeth Warren’s Senate seat
John Deaton is a Marine veteran, lawyer and political neophyte who has gained significant name recognition as a crypto advocate, particularly in spirited social media defenses of Ripple
Donald Trump and J.D. Vance create a pro-crypto presidential ticket
Former President Donald Trump chose Ohio Senator J.D. Vance as his vice presidential running mate on Monday, cementing the duo as a ticket the crypto community can rally behind
Stolen crypto via hacking increased 110% in first half of 2024 over 2023
The first half of 2024 saw hackers targeting cryptocurrency abscond with $1.38 billion, TRM Labs recently found. That total marked a 110% increase from how much they swiped during 2023’s first half.
Crypto leaders meet with Biden adviser, lawmakers to address regulatory tensions
Heavy hitters from the cryptocurrency industry met with a senior White House official on Wednesday to voice their frustration about the administration’s regulatory crackdown on the industry
U.S. House expected to uphold Biden veto preserving SEC accounting rule
The U.S. House is set to take a vote that would not override President Biden's veto of a resolution that overturned an accounting rule preventing banks from keeping custody of crypto
Ro Khanna crypto roundtable seeks industry inroads for White House and Democrats
Rep. Ro Khanna is hosting a roundtable meeting of crypto industry experts and enthusiasts in an attempt to stave off a bid by Donald Trump who has embraced the industry.
Trump tariffs will have a deflationary impact: Jeff Sica
Circle Squared Alternative Investments founder Jeff Sica pushes back on the belief that Trump's China tariffs will create inflation on 'Varney & Co.'
America has been stuck in crypto 'vacuum': Caroline Pham
Commodity Futures Trading Commissioner Caroline Pham details 'the first order of business' to build a regulatory framework around cryptocurrency.
Coinbase sues SEC, FDIC for information relating to crypto regulation
The move comes following the exchange’s attempts to retrieve information through the FOIA regarding three SEC investigations into crypto firms and entrepreneurs between 2018 and 2024.
Crypto industry cheers Bowman loss, Curtis victory in key election primaries
The respective primary races of Reps. Jamaal Bowman, D-N.Y., and John Curtis, R-Utah, have attracted interest from voters who are eager to see lawmakers with friendly views toward crypto elected to Congress.
Republican congressman leads charge on return of Binance exec detained in Nigeria
Nigeria’s problem with Binance stems from the economic crisis it’s experiencing, due in part to massive inflation that has devalued its native currency.
Bitcoin is 'going to explode much higher': Michael Lee
Michael Lee Strategy founder Michael Lee offers positive predictions for cryptocurrency and details 'more room' to capitalize on market movers.
50 Cent's X account hacked by culprit who made millions in cryptocurrency scheme
Rapper 50 Cent wrote on Friday that his X account was hacked into by a criminal who promoted a crypto token called $GUNIT, as part of a $3 million pump-and-dump scheme.
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.