Celcius Network LLC, which went bankrupt last month, is suing its former asset manager for apparently stealing millions of dollars in assets and covering his tracks using Tornado Cash.
Lawyer John Deaton, amici curiae in the landmark SEC vs. Ripple case weighs in on Gary Gensler's ruling iron fist when it comes to cryptocurrency regulation.
World Bank's International Finance Corp is backing blockchain platform Chia Network, which allows users to trade carbon offsets, in hopes of shining light on eco-friendly projects.
Cryptocurrency mixing platform Tornado Cash has been shut down and slammed with sanctions by the U.S. government after the platform was accused of being used for money laundering.
The move comes as the world's largest asset manager has seen "substantial interest" from some institutional clients despite the digital asset market's recent downturn.
Coinbase expects to operate at a $500 million loss during a crypto winter assuming no meaningful deterioration in the industry's market capitalization or significant behavioral changes in its customers.
Coinbase shares fell in after-hours trading after the crypto exchange reported a loss for the second quarter. The company expects trading volumes in the current quarter to fall further.
NFL quarterback Tom Brady made an NFT purchase that has rapidly decreased in value. Brady purchased an ape NFT from Bored Ape Yacht Club in April.
After suffering multiple major hacks recently, blockchain bridges, which enable coins to move between different ecosystems, have come under heavy scrutiny.
Dorsey-led Block Inc. saw share prices drop nearly 7% premarket after a disappointing earnings report, dragged down by the company's massive bet on Bitcoin as "crypto winter" sets in.
Some customers invested their entire life savings in bankrupt cryptocurrency exchanges Celsius Network and Voyager Digital and are facing financial ruin.
Coin Stories podcast host Natalie Brunell provides analysis of the cryptocurrency market as skepticism surrounding its long-term investment risks grows.
A new bill that's currently making its way through the senate would make the Commodity Futures Trading Commission the direct regulator of bitcoin and ether if passed.
After reporting slumping revenues, Robinhood announced they are cutting nearly a quarter of their its' full-time staff and doing internal restructuring.
The Securities and Exchanges Commission charged 11 people for their roles in a cryptocurrency pyramid and Ponzi scheme which raised over $300 million.
Miami mayor Francis Suarez highlights the city's economic growth and crypto focus, which he argues will be the way to top California's Silicon Valley.
A cryptocurrency CEO pleaded guilty to securities fraud after falsifying white papers and planting fake reviews for an initial coin offering, the DOJ said.
A former product manager at Coinbase Global, Ishan Wahi, and two others were charged Thursday in Manhattan with wire fraud in the first insider trading case involving cryptocurrency.
Upper Deck’s President Jason Masherah first shared news of the revolutionary expansion - which moves to bridge NFTs and tangible collectibles - with FOX Business in a Digital exclusive ahead of San Diego Comic-Con Preview Night.
Head of Republic Crypto Andrew Durgee weighed in on the warning from the Federal Bureau of Investigation that cryptocurrency investors have been defrauded of tens of millions of dollars.
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.