Cryptocurrency trader sentenced for commodities fraud
A cryptocurrency trader was sentenced to 42 months in prison for defrauding more than 170 victims. Damian Williams, the United States Attorney for the Southern District of New York, announced the sentence.
Comprehensive cryptocurrency legislation pushed to 2025, Cardano founder says
Industry experts worry that the latest crypto crash will further disparage the industry in the eyes of lawmakers
Liberty star Sabrina Ionescu launches NFT collection with Tom Brady's platform
New York Liberty guard Sabrina Ionescu is investing in herself both on and off the court.
Bitcoin falls below $31K
MittGroup CEO Grant Mitterlehner discusses Bitcoin's volatility, Coinbase losing nearly 2 million users in Q1 and regulating cryptocurrency.
Crypto expert says bitcoin's 'low correlation thesis' to risky assets 'is gone'
IDX Digital Assets CIO Ben McMillan argued that bitcoin's “low correlation thesis” to risky assets “is gone.”
Crypto expert on how investors should view the space
IDX Digital Assets CIO Ben McMillan argues crypto's 'utility going forward is going to look and feel a lot more like speculative technology stocks.'
Bitcoin's 'low correlation thesis' to risk 'is gone': Crypto expert
IDX Digital Assets CIO Ben McMillan argues that when you would hope Bitcoin would save your portfolio, it's actually injecting risk given the crypto has traded with a high correlation during down markets.
Bitcoin price stabilizes, Coinbase shares plunge
Bitcoin's price stabilized around the $31,000 level.
NYC battles Miami for 'crypto capital' crown
New York City has been making progress towards becoming the cryptocurrency financial capital as the race between the Big Apple and Miami heats up.
Stocks bounce back from historic slide
FOX Business' Stuart Varney and Susan Li discuss Peloton stock, Tesla denying Reuters' Shanghai production report, Novavax vaccines, crypto investors and AMC's revenue jump.
NYC looks to be a crypto capital
Bitcoin Foundation Chairman Brock Pierce weighs in as some state lawmakers are considering a two-year moratorium on crypto mining operations to curb New York's carbon footprint.
Bitcoin will be there for the long-term: Fred Thiel
Marathon Digital Holdings CEO Fred Thiel reacts to Bitcoin plummeting on 'The Claman Countdown.'
Crypto billionaire compares industry to dot-com bubble
Bitcoin Foundation Chairman Brock Pierce compared cryptocurrencies to the dot-com bubble of 1999 and 2000 as bitcoin dropped to its lowest level since July 2021.
Brock Pierce on bitcoin dropping below $32K
Bitcoin Foundation Chairman Brock Pierce weighs in on what he believes will happen to crypto.
Selloff continues with yields on the rise
FOX Business' Stuart Varney and Susan Li discuss Big Tech, Elon Musk's leaked plans to boost Twitter revenue, cryptocurrency, Ford reportedly looking to unload part of Rivian stake and Uber.
Crypto expert on Warren pushing back against bitcoin in 401(k): Fidelity knows what’s good for their customers
Ava Labs President John Wu discusses Fidelity's 401(k) plans for crypto
John Wu on Sen. Warren pushing back on bitcoin in 401(k): Fidelity knows what’s good for their customers
Ava Labs President John Wu argues Sen. Warren sees Fidelity's Bitcoin plan 'as a gateway to all crypto.'
Sen. Warren questions Fidelity's 401(k) plans for bitcoin
Ava Labs President John Wu discusses Bitcoin's volatility and Sen. Elizabeth Warren, D-Mass., concerns regarding Fidelity's plan to put bitcoin in 401(k).
US blacklists mixer used to launder proceeds from Axie Infinity crypto hack
The U.S. Treasury Department on Friday imposed sanctions on a virtual currency mixer it said North Korea used to help launder stolen virtual currency as part of the country's malicious cyber activities program.
Stuart Varney: NFTs are a ‘mystery’
FOX Business’ Stuart Varney argues he doesn’t ‘understand’ why people would pay ‘vast amounts of money to acquire a token.’
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.