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Cryptocurrency

Cryptocurrency is a type of digital currency that relies on cryptography and blockchain technology to enable users to send and receive the currency without a trusted third party. The most popular cryptocurrency out there, Bitcoin, works by having numerous computers running a complex math puzzle in order to verify blocks (hence: blockchain) which contain all the new transactions made on the network. Once they do, they get bitcoins as reward, making it lucrative for them to power the network. Since it takes vast computational power to beat all of these computers at math, this makes Bitcoin secure from attackers who would want to falsify transactions. Besides Bitcoin, there are numerous other cryptocurrencies, each with a different goal. Best known among them is Ethereum, which uses similar basic principles as Bitcoin in order to power a network for decentralized applications.

A person standing and another sitting on the ground look at a Bored Ape NFT, resembling a retro crashed spaceship, against a starry night sky with pink-hued ground and rocks.
Doge Kabosu
Ethereum logo

More Cryptocurrency

Two MIT students charged for exploiting Ethereum blockchain bug, stole $25 million in crypto
Ethereum logo

NYC Mayor Eric Adams has relied on new tech to solve his problems. It hasn't worked out.
Eric Adams and K5


Sam Bankman-Fried sentenced to 25 years in prison
Former FTX CEO Sam Bankman-Fried arrives for a bail hearing at Manhattan Federal Court on August 11, 2023 in New York City. Federal prosecutors are asking U.S. District Court Judge Lewis Kaplan to revoke Bankman-Fried's bail and to be jailed until his October criminal trial. Bankman-Fried who has pleaded not guilty to multiple conspiracy and fraud charges was accused of witness tampering after the New York Times published a story featuring personal documents of Caroline Ellison, former Alameda Research CEO. Judge Kaplan will also hear arguments on the gag order placed on Bankman-Fried that was placed as part of his bail agreement for the alleged witness tampering.


Solana blockchain overrun with racist memecoins in latest cryptocurrency trend
Solana logo

Starbucks is shutting down its NFT rewards program
Starbucks coffee cup

NBA Top Shot NFT scam promoted by hacked ESPN reporter's X account
NBA Top Shot

Did Craig Wright invent Bitcoin? This court is deciding.
Australian computer scientist Craig Wright arrives at the High Court in London on February 5, 2024.

Bitcoin ETFs have actually been granted SEC approval now
, A visual representation of the digital cryptocurrency Bitcoin is displayed in front of Securities and Exchange Commission (SEC) logo.

Bitcoin price spikes then plummets after hacked SEC Twitter/X account spreads fake news
The seal of the U.S. Securities and Exchange Commission is being displayed on a smartphone, with Bitcoin visible on the screen in the background.

Binance CEO Changpeng Zhao pleads guilty to money laundering violation, steps down
Binance and its now former CEO Changpeng Zhao

How to keep your bitcoin safe from hackers with Trezor Safe 3
Trezor Safe 3

Sam Bankman-Fried didn't fool everyone — just the tech elite: 5 high-profile figures that believed him
Sam Bankman-Fried

NFT partygoers blame Bored Ape Yacht Club event for loss of vision
Bored Ape Yacht Club


Fake Bitcoin ETF news pumps price to $30,000
Bitcoin logo

Mila Kunis' 'Stoner Cats' NFT company charged by SEC
Mila Kunis

NFT creator agrees to pay $6.1 million settlement in first-of-its-kind SEC case
NFT sign

What is Friend.tech, the viral crypto social media app?
Friend.tech homepage

Crypto bot network powered by ChatGPT uncovered on X
X logo on mobile device


Tokens delisted, exchange closed following SEC crypto lawsuits
Robinhood crypto


Binance under investigation for possibly skirting sanctions against Russia
Binance logo

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