Teen dubbed 'Baby Al Capone' stole $23.8M from cryptocurrency bigwig: lawsuit
At only 18, he has allegedly stolen more than $100 million as the mastermind of a cryptocurrency hacking scheme.
Bitcoin: What is halving?
Halving occurs every four years and reduces the amount of bitcoin mined in each transaction by 50 percent.
Cryptocurrency issuers, exchanges face US class action lawsuits over billions
The 11 lawsuits, filed on Friday in U.S. District Court in Manhattan, also name executives of the companies.
Is Bitcoin a cryptocurrency?
Bitcoin is a cryptocurrency, or a type of digital currency.
Steven Seagal's cryptocurrency endorsement deemed illegal
The action-movie star Steven Seagal gets slapped by the SEC.
How does cryptocurrency work?
Digital transactions are faster and globally accessible.
Cryptocurrency's main benefit
Nearly 25 million people around the world use bitcoin.
Shopify joins Facebook’s Libra cryptocurrency project
"We will work to build a payment network that makes money easier to access," the company said.
US government auctioning 4,000 bitcoins worth $39M recovered from criminal cases
The U.S. government on Tuesday is auctioning more than 4,000 bitcoins --- worth nearly $39 million --- that were recovered from criminal cases.
'Fortnite' users subject to tax on in-game currency? IRS confuses taxpayers
The agency issued updated guidance after initially including "Fortnite’s" V-bucks as an example of a convertible virtual currency.
What is the most popular cryptocurrency?
One Bitcoin is worth nearly $10,000 as of Feb. 8.
Millennials should invest in bitcoin, billionaire investor says
Billionaire investor Tim Draper said bitcoin is the key for millennials who want to ensure they have enough money in retirement
Bitcoin battles to reclaim 2019 highs
The largest cryptocurrency by market capitalization, with a total value of $162 billion, bitcoin has gained 23 percent so far this year
US, China and the race for digital currency
Paypal co-founder Max Levchin said the United States runs the risk of losing the digital currency battle if it doesn't fully digitize the dollar.
Three men charged with $722M cryptocurrency Ponzi scheme
Matthew Goettsche, 37, was arrested Tuesday in Colorado, while Jobadiah Weeks, 38, was taken into custody in Florida and Joseph Abel, 49, was arrested in California, according to the U.S. attorney's office.
US accuses cryptocurrency expert of violating North Korea sanctions
Suspect told North Koreans they could use cryptocurrency to 'achieve independence from the global banking system,' according to a criminal complaint.
Creation of bitcoin hurts health and climate in the US, study finds
We may all be paying indirectly for private bitcoin mining operations.
Facebook suffers from a 'trust deficit': Ripple CEO
Trust is crucial in financial services, but it is something Facebook Mark Zuckerberg lacks, Ripple CEO Brad Garlinghouse says.
Facebook's Zuckerberg says working in China compromises American companies
The social network's founder estimated that six out of the top 10 companies coming out of China don't share "American values."
These luxury hotels now take bitcoin
The Dolder Grand Hotel in Zurich now accepts Bitcoin, and other travel outlets that are starting to accept cryptocurrency.
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.