Bitcoin a 'strong inflation hedge' amid volatile market: Okcoin CEO
Okcoin CEO Hong Fang argues bitcoin is a "strong" inflation deterrent despite its recent price volatility.
Bitcoin can be ‘strong inflation hedge’ during ‘expected’ volatility: Okcoin CEO
Okcoin CEO Hong Fang argues bitcoin has a strong investment value as inflation risks continue in the market.
Bitcoin trades around $40,000 after winning streak snapped
Bitcoin investors are looking toward the cryptocurrency's next winning streak, after a three-day gain was snapped on Thursday.
Russia-Ukraine war proves crypto is a 'powerful tool': Fireblocks CEO
Michael Shaulov explains how Russian sanctions are impacting the cryptoverse on 'The Claman Countdown.'
Is Bitcoin a fad?
Bitcoin expert and podcast host Layah Heilpern weighs in on the U.S. spot Bitcoin ETF being yet to have approval on 'Making Money.'
Bitcoin hovers around $41,000 on three-day rise
Bitcoin has had a positive week so far, trading above $41,000.
Bitcoin trades around $41,000 following two-day rise
Bitcoin's price rise paused Wednesday morning after gains in the prior session.
Miami mayor on unifying GOP with youth vote: Boomer transition offers 'opportunity'
Miami Mayor Francis Suarez says he "hopes" to help bring more young voters to the Republican Party.
Miami transforming into 'Bitcoin City'
Miami Mayor Francis Suarez says the city is almost ready to roll out its cryptocurrency taxpayer platform.
Bitcoin, crypto will ‘climb higher’: Expert
Prochain Capital President David Tawil on his outlook for bitcoin.
Bitcoin, crypto will ‘climb higher’ amid rebounding: Expert
Prochain Capital President David Tawil discusses bitcoin trading above $40,000 after a volatile few weeks.
Expert on bitcoin trading above $40,000 after volatile few weeks
Prochain Capital President David Tawil provides insight into the cryptocurrency market.
Fidelity launches crypto, metaverse ETFs
The new funds will be available on or around April 21 for individual investors and financial advisers to purchase commission-free through Fidelity’s online brokerage platforms.
Bitcoin rebounds to $40,000 after decline
Bitcoin is back around $40,000, after dipping below that on Thursday.
NFT of Jack Dorsey's first tweet listed for $48M ends with top bid of less than $280
A non-fungible token (NFT) of former Twitter CEO Jack Dorsey's first tweet that went up for auction last week failed to excite potential buyers after the seller expected to make millions off of it and give some to charity.
Cowboys become first NFL team to enter crypto world
The Dallas Cowboys made a historic move on Wednesday becoming the first NFL team to land a partnership in the world of alternative investments and cryptocurrencies.
Bitcoin trades above $40,000, snaps two-day slide
Bitcoin traded above $40,000, following a day of gains after snapping a two-day losing streak and trading lower in eight of the last nine days.
Biden administration moves on taxing, regulating cryptocurrency
Biden's proposed 2023 budget would increase reporting requirements on cryptos and other digital assets.
Crypto firm MoonPay raises $87 million from Justin Bieber, Maria Sharapova, others
Cryptocurrency payments startup MoonPay has raised $87 million from more than 60 high-profile investors.
Bitcoin trades around $40,000 as downward trend continues
Bitcoin hovered around $40,000 on Wednesday morning after trading lower in eight of the past nine days.
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.