Cryptocurrency exchange FTX has struck a deal that gives it an option to buy troubled crypto lender BlockFi Inc. for as much as $240 million.
The FBI has added Ruja Ignatova, a Bulgarian woman nicknamed the "Cryptoqueen," to its Ten Most Wanted Fugitives list for her alleged fraudulent cryptocurrency operation.
Grayscale investments has filed for a petition for review, arguing that the Securities and Exchange Commission is "acting arbitrarily and capriciously."
Adam Dell, the founder and CEO of Domain Money, revealed on Tuesday what he described as an "important step" to cryptocurrency regulation as the industry remains unregulated.
White Rock Management CEO Andy Long argues New York passing a ban on bitcoin mining opens the door to "more and more regulation," stifling market investments.
Robinhood is an acquisition target, according to a report. A possible deal comes after FTX CEO Samuel Bankman-Fried took a 7.6% stake in Robinhood in May.
Though Goldman Sachs is skeptical of both cryptocurrency exchanges, its analysts believe Robinhood offers a "more balanced risk reward."
Crypto billionaire Sam Bankman -Fried and his FTX exchange is in talks to acquire a stake in crypto lender BlockFi.
Former Republican Sen. Cory Gardner argued Friday when cryptocurrency flourishes, the American people do too, during an interview on "Mornings with Maria."
Here are the key events taking place Wednesday that could impact trading, including Fed Chair Jerome Powell's testimony before Congress.
The Democratic National Committee's largest donor for the month of May was crypto billionaire Sam Bankman-Fried, according to records posted on the FEC's website.
Backstreet Boys star Nick Carter gave viewers a rundown of virtual sports, his Tampa Bay Bull Sharks purchase and the metaverse on Tuesday's episode of 'Varney & Co.'
People in Las Vegas, Nevada, provide Fox News with their take on cryptocurrency, the future of the market and whether they would bet their paychecks on it.
The world's largest cryptocurrency has tanked 56% this year and experts fear the selling and volatility may continue. That's why one ETF firm is rolling out some options.
A number of factors ranging from inflation to hiring freezes to industry-wide pressures have caused Bitcoin and other cryptocurrencies to lose significant value.
Ava Labs President John Wu draws a comparison between Celsius freezing accounts due to market volatility and the Robinhood debacle that unfolded over GameStop.
FOX Business' Stuart Varney discusses the 'serious repercussions' for the economy and politicians as inflation continues to wreak havoc on everyday Americans
Ledn Inc co-founder and CSO Mauricio Di Bartolomeo provides input on cryptocurrency markets following the Federal Reserve's highest rate hike since 1994.
Blockchain fund founder Kavita Gupta said that the crypto price correction was expected in response to Bitcoin hitting an 18-month low on "Mornings with Maria."
Bitcoin continues to decline following the latest inflation report and the announcement by one exchange that it is laying off 18% of its workforce.
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.