Amazon looking to hire cryptocurrency guru
Amazon is looking to hire someone who can develop their digital currency and blockchain strategy.
Bitcoin interest rising in younger investors: Gallup
Younger investors are becoming increasingly interested in bitcoin, new polling shows.
Musk creates 'hype' with bitcoin ‘pump and dump’ comments: Jordan Belfort
Jordan Belfort, the former stockbroker and subject of the 2013 hit “Wolf of Wall Street,” argued that Tesla CEO Elon Musk may not need to "pump and dump" cryptocurrencies, however, other people "pump and dump" around the “hype” the celebrity creates.
Elon Musk owns these 3 cryptocurrencies
Tesla CEO Elon Musk on Tuesday said the "three meaningful assets" he personally owns besides his two companies are Bitcoin, Dogecoin and Ethereum.
Bitwise cryptocurrency index fund CIO predicts ‘next major’ bull run with 'positive' regulation
Matt Hougan, chief investment officer at Bitwise Asset Management, argued that “positive” regulation for the cryptocurrency industry could start the next bull market.
Bitcoin trades lower Monday morning as two Stablecoin experts warn of financial system risk
Bitcoin was trading 0.27% lower early Monday morning.
Crypto experts in demand as countries launch digital currencies
Monetary authorities around the world are rushing to design digital currencies, and many are asking: Who knows how to do this?
Dogecoin co-founder blames 'dangerous' capitalism, 'won't return' to cryptocurrency
Dogecoin co-founder Jackson Palmer on Thursday said he will not be returning to cryptocurrency, calling it “an inherently right-wing, hyper-capitalistic technology.”
As crackdown looms, South Korea's defiant crypto fans dig in
Yun Hae-ri, a 26-year-old South Korean cryptocurrency investor, has seen the value of a coin named Metadium nearly wiped out since she bought it in April.
Sotheby's sells diamond for $12.3 million in crypto, most expensive digital currency transaction ever
Sotheby's just set the world record for the most expensive piece of jewelry ever sold for cryptocurrency, auctioning off a 101.38-carat diamond for $12.3 million of either Bitcoin or Ether on Friday.
Bitcoin miners beware of Android cryptocurrency scams, report says
Security researchers have identified over 170 Android apps scamming cryptocurrency miners.
Bitcoin rebounds despite mounting regulatory concerns
Bitcoin turned around in the early hours of Friday gaining more than 1%, after spending most of the night down 1%.
John McAfee hideout traced to Spanish ‘ghost hotel’ with a bitcoin farm
Cybersecurity guru John McAfee — who was found hanged in his jail cell this week — had been hiding out for years in a Spanish “ghost hotel” owned by a Russian who allegedly used it to run a secret bitcoin farm, according to reports.
Bitcoin mining operation in Finger Lakes sparks local concerns
A gas-fired power plant being used to support a Bitcoin mining operation in upstate New York has divided local residents over the environmental toll of the energy-intensive process versus the economic benefits the business brings to town.
NFT sales volume surges to $2.5 billion in 2021 first half
The market for non-fungible tokens (NFTs) surged to new highs in the second quarter, with $2.5 billion in sales so far this year, up from just $13.7 million in the first half of 2020, marketplace data showed.
As Bitcoin price surged, it fueled rise in cyberattacks, researchers say
The rapid rise in the price of Bitcoin is a driving force behind a rise in cybercrime, according to new research.
Musk gives Dogecoin price boost with latest Godfather-inspired tweet
The cryptocurrency – which initially began as a joke in 2013 based on a popular meme – is getting some new love from Elon Musk.
Bitcoin price falls as new month begins
Bitcoin was trading more than 4% lower Thursday morning.
Bitcoin price pierces $35,000, ETF race heats up
Bitcoin prices rose for the second straight day Tuesday in part due to news Morgan Stanley bought into Grayscale Bitcoin Trust through its Europe Opportunity Fund, according to an SEC filing.
Raees Cajee, blamed by investors for billions of dollars in crypto losses, says fraction is missing
A South African cryptocurrency entrepreneur, pursued by investors who allege that billions of dollars of their digital assets have vanished, says that less than $5 million is missing.
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.