Bitcoin miners eye nuclear power as environmental criticism mounts
Bitcoin miners, under fire for their sizable environmental footprint, are forging partnerships with owners of struggling nuclear-power plants with electricity to spare.
China’s central bank calls cryptocurrency-tied deals illegal, bitcoin drops
The People’s Bank of China on Friday called cryptocurrency-tied deals in the country illegal, sending Bitcoin, Ethereum, and XRP reeling.
Elon Musk says dogecoin fees need to fall before being 'viable' payment
Musk's remarks came after AMC CEO Adam Aron indicated that the meme-based cryptocurrency may be accepted as a payment option at its theaters in the future.
AMC CEO suggests Dogecoin could be accepted at theaters: 'Stay tuned'
AMC CEO Adam Aron indicated Wednesday that the movie theater chain would explore accepting Dogecoin cryptocurrency as a form of payment after the idea drew a positive response from Twitter users.
Robinhood crypto wallets confirmed
Robinhood announced Wednesday that a select number of its customers will begin testing crypto wallets for the retail trading platform starting next month.
Airbnb CEO hints on crypto
Airbnb CEO has nothing to announce on cryptocurrencies but he did share a key connection to the industry.
Cryptocurrency market trending lower as bitcoin straddles $42,000
Bitcoin was trading 2.29% lower on Wednesday morning.
SEC’s Gensler doesn’t see cryptocurrencies lasting long
Securities and Exchange Commission Chair Gary Gensler said Tuesday that he doesn’t see much long-term viability for cryptocurrencies, underscoring the importance of protecting investors in the market and bringing it under regulatory oversight.
Bitcoin price bounces off $40K low
Bitcoin bounced off the $40K level in volatile trading.
SEC vs. Ripple case could establish limit on agency's future involvement in crypto regulation: sources
A seemingly esoteric legal battle involving the Securities and Exchange Commission and fintech startup Ripple Labs could provide clarity on how much authority the SEC has over regulating the $2.2 trillion crypto market.
Miami-specific crypto could 'revolutionize the way governments are funded': Mayor Suarez
Miami Mayor Francis Suarez explained on Monday that MiamiCoin, a city-specific cryptocurrency, is a model that could “revolutionize the way governments are funded in the future.”
Bitcoin higher, Ethereum, Dogecoin trending lower early Saturday
Bitcoin was trading more than 1.5% higher Saturday morning.
US to target crypto ransomware payments with sanctions
The Treasury Department plans to impose the sanctions as soon as next week, the people said, and will issue fresh guidance to businesses on the risks associated with facilitating ransomware payments, including fines and other penalties.
Fidelity lobbies SEC for Bitcoin ETF
Fidelity Investments is lobbying the U.S. Securities and Exchange Commission (SEC) to approve the financial service company's Bitcoin exchange-traded fund (ETF).
Dogecoin copycats? Trademark fight erupts over joke crypto worth billions
Dogecoin is a digital currency made famous for its satire of the cryptocurrency universe. Originally designed as a joke in a handful of hours, dogecoin pays homage to a 2013 viral internet meme of a Shiba Inu dog with bad spelling habits (thus doge instead of dog).
MiamiCoin: Miami votes to access $5M+ from city-based cryptocurrency
Miami's city commission on Monday voted in favor of accessing about $5 million worth of MiamiCoin, a Miami-specific cryptocurrency — and counting.
Bitcoin, Ethereum, Dogecoin all higher Tuesday in early trading
Bitcoin was trading 3.33% higher on Tuesday morning nearing $46,000 per coin.
GlobeNewswire blames Walmart-Litecoin fakery on 'fraudulent user account'
Walmart and Litecoin were the targets of bad actors likely looking to profit from fake news.
Bitcoin struggles above $45,000 after tumble earlier in the week
Bitcoin was trading 1.02% lower on Friday morning at approximately $45,900 per coin.
Tom Brady, Gisele Bundchen star in crypto exchange ad
Tom Brady and his wife Gisele Bundchen are getting into the cryptocurrency game.
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.