Crypto's wealthy investors: Who they are
The study found that individuals involved with crypto, either as a founder or investor, have several characteristics that set them apart from the generally wealthy.
Bitcoin pulls back to around $39,000 following Wednesday surge
Bitcoin was trading around $39,000 on Thursday morning, giving back some gains picked up on Wednesday.
Did Biden acknowledge crypto is here to stay?
Wave Financial Group CEO David Siemer reacts to the president's cryptocurrency executive order on 'The Claman Countdown.'
Biden amin 'finally coming to terms' with crypto as positives outweigh negatives: Author
Kiana Danial, author of 'Cryptocurrency Investing For Dummies,' argues Bitcoin seems to be a 'safe place' for an increasing amount of people to store their wealth amid the current economic climate.
Bitcoin provides a 'sense of security' in Ukraine: Kiev-based crypto exchange founder
Michael Chobanian, the founder of Kuna crypto exchange, argues 'it's much better' to keep money in crypto rather than U.S. dollars in a Ukrainian bank 'because anything can happen to Ukrainian banks at the moment.'
Biden administration to study whether US should issue a cryptocurrency
President Biden signed an executive order Wednesday directing agencies within his administration to study whether the U.S. central bank should create a digital currency.
Biden to sign executive order to outline US cryptocurrency strategy
President Biden is expected to sign an executive order on Wednesday outlining a strategy for cryptocurrencies.
Bitcoin price rises as Biden to sign executive order on crypto strategy
Bitcoin is back on the rise after snapping a five-day losing streak on Tuesday.
Cryptocurrency not viable tool for sanction evasion: Digital commerce exec
Chamber of Digital Commerce founder and president Perianne Boring discusses President Biden potentially signing an executive order on digital assets.
Coinbase blocks over 25,000 Russia-linked accounts believed to be engaging in illicit activity
Coinbase chief legal officer Paul Grewal said in a blog post Monday that while most of the accounts were identified prior to Russia's invasion of Ukraine, their addresses have been shared with the government to further support sanctions enforcement.
Crypto expert on how Bitcoin has played a role in the Russia, Ukraine war
William Luther, a professor of economics at Florida Atlantic University and a fellow with the Bitcoin Policy Institute, argues Ukraine is 'essentially crowdfunding its military efforts' using crypto.
Cryptocurrency prices mixed on Tuesday
After several days of decline beginning late Friday following fleeting hopes for a ceasefire or targeted truce, cryptocurrency traded lower.
White House to order broad review of cryptocurrencies
The White House is set to release an executive order this week tasking several federal agencies with conducting a broad review of cryptocurrencies.
Crypto in Washington: Ripple's Brad Garlinghouse says there's a 'lack of knowledge'
Ripple CEO Brad Garlinghouse talked to ‘The Claman Countdown’ about a ‘blanket ban’ that holds cryptocurrency to a different standard than PayPal and other sites.
Crypto investor: Bitcoin is a long-term solution to broken financial system
Crypto investor Carl Runefelt discusses the fundamentals of Bitcoin as the digital currency falls back below $40K amid war in Ukraine.
Cryptocurrency market lower as Russian-Ukraine fighting intensifies
Cryptocurrencies were lower early Monday morning as the Russian invasion of Ukraine intensified.
Binance CEO following Russia sanctions 'very closely'
Binance CEO Changpeng Zhao stressed on "Cavuto: Coast to Coast" Friday his cryptocurrency exchange is following all sanctions rules amid the Russia-Ukraine war.
Virginia advances groundbreaking cryptocurrency banking bill
The Virginia Senate unanimously passed a groundbreaking cryptocurrency banking bill, which already passed the state's House of Delegates and which legislators expect Gov. Glenn Youngkin, R-Va., to sign within 7 days.
Binance follows the sanctions 'very closely': CEO
Binance CEO Changpeng Zhao argues the company follows all the sanctions rules amid the Russia-Ukraine war.
Bitcoin's winning streak snapped
Bitcoin gave back some of this week's gains following a strong run.
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.