Cryptocurrency prices have soared in recent years, but the new asset class has a lot of unanswered questions. Investors want to know if it’s safe and smart to invest in these volatile assets. And if the huge swings in crypto’s price mean trouble for the financial system.
Unlike hard currencies like the dollar and euro, cryptocurrencies exist only online and are issued by individuals or companies. That makes them vulnerable to scams. And the fraudsters are out in force, with a new crop of fake coins and tokens making headlines daily. Here are some things you need to know to stay safe.
As Congress gets ready to reconvene, lawmakers are signaling their positions on regulating the cryptocurrency industry. Massachusetts Senator Elizabeth Warren has emphasized the need for regulation that protects consumers and prevents elected officials from profiting off of digital assets. She has criticized the Digital Asset Market Structure Clarity (CLARITY) Act, which was introduced by Republicans and passed by the House.
Forbes’ comprehensive source for the latest cryptocurrency news, cutting-edge blockchain updates, Web3 developments and all things Bitcoin. The global media outlet’s coverage of the burgeoning cryptocurrency industry covers the positives and negatives to help readers make informed decisions about investing in this exciting space.