Fort Worth, TX to become first city government to mine Bitcoin
Mattie Parker, mayor of Fort Worth, Texas, discusses how her city is pioneering the crypto industry by mining Bitcoin.
Cryptocurrency unlikely to face 'major regulation' from Congress, predicts billionaire investor
David Rubenstein credited a younger generation with popularizing cryptocurrency, and said Congress was unlikely to significantly disrupt the industry with regulation.
Wall Street reluctantly embraces crypto
The largest U.S. banks, securities firms and custodians are waking up to the investment potential of cryptocurrencies, not as a utility but as a new moneymaking market.
Charlie Munger: Bitcoin is 'stupid, evil and makes me look bad,' says Xi Jinping 'smart' to ban it in China
Warren Buffett said anyone who thinks the United States would move away from the dollar to a cryptocurrency is "out of their minds."
Bitcoin is not in short supply: Billionaire investor Mario Gabelli
GAMCO Investors CEO and chairman Mario Gabelli talked all things finance Friday on "The Claman Countdown."
Bitcoin remains in the $40,000 range
Bitcoin and other cryptocurrencies are giving back gains Friday morning.
Bitcoin price moves toward $40,000
Bitcoin has a bit of a rally going as its price moved above $39,000 early Thursday.
Fidelity to allow bitcoin in 401(k) accounts
Domain Money founder and CEO Adam Dell argues the move is a 'great developmen't for the crypto industry.
Bitcoin price around $38,000 after 5% decline
The cryptocurrency Bitcoin was attempting a comeback Wednesday morning after dropping around 5% on Tuesday.
Dogecoin retreats from highs after spike from Elon Musk Twitter buyout
MittGroup CEO Grant Mitterlehner discusses cryptos' amid Elon Musk Twitter news and market uncertainty.
Bitcoin coming to 401(k) plans through Fidelity digital asset accounts
Business intelligence solutions provider MicroStrategy plans to be the first employer to offer a digital assets account in their retirement plan later this year. Digital asset accounts will be available more broadly to employers mid-year.
CEO of major food brand issues dire warning
Goya Foods CEO Bob Unanue wars that the world is on the brink of a food crisis.
Fidelity allowing Bitcoin in 401(k) accounts a ‘great development’: Crypto expert
Domain Money founder and CEO Adam Dell said that Fidelity allowing Bitcoin in 401(k) accounts is a “great development” for the cryptocurrency industry.
Crypto expert on potential investment risks associated with Fidelity allowing Bitcoin in 401(k) accounts
Domain Money founder and CEO Adam Dell argues 'each individual needs to determine for themselves what level of risk is appropriate given their situation.'
World on precipice of food crisis: Goya CEO
Goya Foods CEO Bob Unanue argues the world has 'weaponized food.'
China lockdown affecting cryptocurrency markets
Forkast Editor in Chief and Founder Angie Lau on how the China lockdowns have impacted cryptocurrency markets and the supply chain.
Binance recovers some of the stolen crypto from $600M heist
Some of the stolen crypto assets from one of the biggest heists have been recovered.
Elon Musk's heart and mind in the 'right place' on Twitter, Domain Money CEO Adam Dell says
Domain Money founder and CEO Adam Dell provides insight into crypto regulation and Elon Musk exploring the Twitter tender offer.
Adam Dell on crypto regulation, Elon Musk exploring Twitter
Domain Money founder and CEO Adam Dell provides insight into crypto regulation and Elon Musk exploring the Twitter tender offer.
Tennessee man pleads guilty to using COVID-19 aid for himself
A Tennessee man admitted Thursday to receiving more than $600,000 in COVID-19 relief and using those loans for himself.
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.