Notes

CNBC's Crypto News
pi coin value has captured the imagination of a new generation of investors. From bitcoin to the dozens of other digital tokens, the volatile industry keeps observers, regulators and investors on edge. CNBC brings viewers a daily glimpse into the world of cryptocurrencies with high-profile interviews, explainers and unique stories from this fast-moving market.

The $2 trillion cryptocurrency market plunged to pessimistic lows this year, a collapse that's wiped out investor gains and left many people out of work. Despite the bearish lows, some of the industry's staple digital currencies are picking up steam once again. These include stablecoins backed by real assets like gold or the S&P 500, as well as digital currencies that are pegged to major equities.

But the cryptocurrency industry isn't without its scams and security risks. From the collapse of FTX to the arrest of Binance founder Changpeng Zhao, the industry faces a long list of challenges in 2024.

Founded on the principles of transparency and decentralization, cryptocurrencies are a form of alternative money that's powered by blockchain technology. The tokens can be used to pay for goods and services, or speculated on as a way to make money. Unlike traditional currencies, cryptocurrencies aren't tied to any government or bank, and their value is determined by supply and demand. But prices for the tokens can be highly volatile, and there are tax consequences when you buy or sell them.

Bitcoin's resurgence in price this year has been helped by a rise in interest from big financial institutions. In particular, the US Securities and Exchange Commission has signalled potential approval of a bitcoin ETF. Meanwhile, the largest local bank in Brazil, Itau Unibanco, has started offering cryptocurrency trading for some of its clients.

Cryptocurrency is also the foundation for a number of specialized marketplaces that focus on an area of the economy or sports. For example, fans can use NFTs to purchase virtual representations of their favorite teams and athletes.

NFTs are also a popular funding source for new projects. In 2018, initial coin offerings (ICOs) eclipsed venture capital as the preferred fundraising method for startups and prominent companies. But the ICO market has been marred by scams and security issues, and the SEC is clamping down on them.

Keeping up with crypto news is crucial for anyone interested in this evolving industry. There are a variety of websites and apps that will help you follow the latest developments. For instance, a data aggregator like CoinMarketCap will display a list of the latest cryptocurrency offerings, their prices and market capacity. Social media platforms, like X (formerly Twitter), are another great source of crypto news because they're known for their ability to transmit information quickly. Several of these sites feature lists of the most popular cryptocurrencies, including bitcoin. They'll also show you the prices of each coin and their average daily volume. You can also check out the blockchain news page on Forbes to stay up to date on crypto developments.
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