Cryptocurrencies have grown from digital novelties to trillion-dollar technologies that enthrall investors and enable a wide range of transactions. Despite their enormous value, the sector remains unregulated, with some governments embracing it and others banning or restricting its use. With massive price swings – as much as $1 trillion was wiped from the collective value of cryptocurrencies in May alone – it is important to understand the risks and potential benefits of crypto investments, and stay up-to-date on developments.
Forbes’ comprehensive source of cryptocurrency news covers cutting-edge blockchain updates, Web3 developments and all things Bitcoin. It also offers expert analysis on how to invest in the space and explores the impact of regulatory changes.
While the buzz around cryptocurrencies keeps growing, the subject can be complex and confusing. Many of the terms used in the space – like ETFs, cold wallets and blockchain – can be unfamiliar. For beginners, Forbes’ crypto news and insights can help them get up to speed on the topic.
A central pillar of crypto is the blockchain, which underpins all cryptocurrencies and related products such as non-fungible tokens (NFTs). The blockchain is a virtual spreadsheet on which all buying and selling is recorded. Each transaction is verified by a huge network of volunteers. Proponents argue that blockchain is the basis for a new global currency, allowing fast and cheap transfers and eliminating middlemen. Critics, however, say the technology empowers criminals and terrorists, stokes inequality, suffers from drastic market volatility and uses huge amounts of energy to mine coins.