Crypto mining could fix Texas power problems in ‘nanoseconds’: Blockchain exec
Bitcoin miners have been trying to help the state with its power problems amid a heat wave, shutting down when the grid needs support, a blockchain executive noted.
Crypto network designed to incentivize use of green energy: Industry exec
Hong Fang, CEO of crypto exchange Okcoin, weighs in on Bitcoin miners helping with Texas power problems and discusses volatility in cryptocurrency markets.
Bitcoin miners aim to help with Texas power problems
FOX Business' Susan Li reports from Texas during a heat wave and speaks with Chief Commercial Officer at Riot Blockchain Chad Harris about how the unlikely source can help.
Crypto’s 'trial of the century': Ripple case could be decided over just a few words from former SEC official
At the heart of the Securities and Exchange Commission's case is a contention that XRP was being sold by Ripple and its top executives as an illegal and unregistered security.
Crypto regulation ‘good step forward’ in industry: Expert
Domain Money founder and CEO Adam Dell discusses cryptocurrency regulation on 'Mornings with Maria.'
Crypto billionaire: Financial markets have been ‘hit hard’
Bitcoin Foundation Chairman Brock Pierce provides insight how inflation has impacted the stock market.
Coinbase to extend hiring pause, rescind some accepted job offers
Coinbase will give impacted individuals severance and establish a talent hub that will offer job placement support, resume review, interview coaching and access to industry connections.
Why banning Bitcoin mining could be a 'mistake'
Adelle Nazarian and Rob Luna provide insight on Bitcoin and the stock market on 'Making Money.'
Crypto market has ‘more pain to come,’ expert warns
Head of Republic Crypto Andrew Durgee agrees with the Winklevoss twins' prediction that a "crypto winter is here" along with global markets.
Crypto expert predicts ‘more pain to come’ in selloff warning
Head of Republic Crypto Andrew Durgee says cryptocurrency markets will ‘follow suit’ with the downturn of traditional markets.
Crypto market selloff signals ‘maturing’ of industry: Expert
Head of Republic Crypto Andrew Durgee argues cryptocurrency markets are maturing to ‘parallel’ traditional markets and their trends.
Bitcoin ‘a hedge against inflation’: Crypto trader
'The Wolf of All Streets Podcast' host Scott Melker discusses his outlook on the stock market.
Winklevoss twins warn of ‘crypto winter’ as Gemini slashes 10% of workers
Cryptocurrency exchange Gemini is cutting its staff as the company prepares for "turbulent market conditions that are likely to persist for some time" the firm disclosed.
Bitcoin value ‘is stronger than ever’: Expert
NBTV.Media founder Naomi Brockwell provides insight into cryptocurrency.
Former NFT marketplace employee charged in first-ever digital asset insider trading case
A former employee of the NFT marketplace OpenSea is accused of using insider information to purchase NFTs before they were featured on the company's homepage.
SEC leaders with nearly 50 years' experience quit under Gary Gensler's tenure
Three senior SEC officials, who together have nearly 50 years collective experience at the agency, have quit recently under Gary Gensler's leadership.
Is digital currency dead?
Barron’s associate editor Daren Fonda discusses cryptocurrency volatility.
Bitcoin is holding steady so far: Expert
Meltem Demirors provides insight on cryptocurrency and Ken Mahoney provides insight on the stock market on 'Making Money.'
Bitcoin is a buy: expert
Nexo co-founder and managing partner Antoni Trenchev reacts to cryptocurrency facing pressure on 'Making Money.'
Transparency in crypto industry ‘critical’: Ripple CEO
Ripple CEO Brad Garlinghouse weighs in on regulation and volatility in the crypto markets from WEF in Davos as bitcoin hovers around the $29,000 level.
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.