The crypto world is fast-moving and volatile. Stay on top of the latest developments with our expert coverage and high-profile interviews.
Cryptocurrency is a digital asset that operates on a blockchain system to record transactions. The most famous cryptocurrency is Bitcoin, which was first released in 2009 after being conceptualized by an anonymous author under the pen name Satoshi Nakamoto. Since then, many more cryptocurrencies have been created. Some of them have gained significant value. Some of them are only used for speculative purposes while others have established themselves as new and innovative payment systems that can potentially replace traditional payment methods or national currencies in the future.
There are many ways to get involved in the crypto space, including buying and selling cryptocurrencies through online exchanges, investing in crypto funds, or using a cryptocurrency debit card to make purchases at a retailer. In addition, many businesses are beginning to accept cryptocurrencies as a method of payment. For example, luxury retailer Bitdials sells Rolex and Patek Philippe watches in return for Bitcoin, and Premier Shield Insurance accepts cryptocurrency payments for home and car insurance policies.
News about cryptocurrencies has become increasingly important as the market matures and becomes more mainstream. However, it can be difficult to discern which cryptocurrencies have genuine points of technical novelty from those that are simply clones or scams. In addition, it can be challenging to determine which companies are serious about their cryptocurrency products and services, and which are merely engaging in a form of slick marketing.