Cryptocurrency

Cryptocurrency, also called ¡°Crypto¡±, is a digital currency in which transactions are verified and records maintained by a decentralized system using cryptography that enables secure online payments for individuals or businesses. Let Fox Business be your source of information for cryptocurrencies with up to date price quotes for Bitcoin, Ethereum, Binance Coin, Cardano, Tether, XRP, Dogecoin, Solana and many other virtual / digital currencies. Here you will also not only find the latest breaking crypto news and articles but also read the latest about blockchain, NFTs and more.

MoonPay acquires Helio for $175M to expand crypto payments infrastructure

MoonPay's acquisition of Helio for $175 million could be among other strategic mergers in the digital asset space under the crypto-friendly Trump administration

Crypto industry awaits Trump's CFTC chair pick as Behnam announces exit

The Trump transition team has vetted at least half a dozen potential candidates to run the Commodity Futures Trading Commission, with two front-runners emerging.

This is the 'ChatGPT moment' for cryptocurrency: David Stryzewski

Sound Planning Group CEO David Stryzewski discusses Big Tech stocks weighing on the market, employment data and whether silver will lead in the U.S. economy.

Kevin O'Leary on whether he's still interested in buying TikTok

O'Leary Ventures Chairman Kevin O'Leary to discuss a U.S.-Canada economic union with Trump, his interest in TikTok as he eyes a potential purchase and the impact of Trump's presidency on Bitcoin.

'We're going to have a good year for Ethereum', says Jeff Sica

Circle Squared Alternative Investments founder Jeff Sica joins 'Varney & Co.' to discuss stocks dipping to end 2024, Trump weighing a TikTok ban and his outlook for Ethereum.?

Trump inauguration draws big crypto donations

Coinbase, Kraken, Ripple and MoonPay are donating to the Trump-Vance inaugural committee

Group behind viral 'Hawk Tuah' star's meme coin hit with lawsuit over crash

The group behind the meme coin $HAWK, named after Haliey Welch, aka the "Hawk Tuah Girl," was hit with a lawsuit following the token's crash of 95% from a $490M market cap in minutes.

Senate scraps vote to renominate SEC's Crenshaw following crypto backlash

The Senate Banking Committee was scheduled to vote Wednesday on advancing Securities and Exchange Commissioner Caroline Crenshaw's renomination but ran out of time.

Cryptocurrency FAQs

What is Cryptocurrency?

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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?

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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?

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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?

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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?

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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

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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.

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