Pomp Investments founder Anthony Pompliano discusses the prospects of a Bitcoin spot ETF and whether crypto has rebounded from the FTX scandal on 'The Claman Countdown.'
Florida Bankers Association President and CEO Alex Sanchez joins ‘Mornings with Maria’ to discuss the House Financial Services Committee’s recent push for a stable coin regulation bill.
U.S. District Judge Lewis Kaplan held off Wednesday on making a final decision about whether Sam Bankman-Fried will stay out on bail or get returned to custody.
Despite a recent dip, Draper Associates founder Tim Draper says bitcoin is beginning to separate itself from other cryptocurrencies and digital assets.
Khosla Ventures founder Vinod Khosla discusses whether A.I. hype is overshadowing Web 3.0 on 'The Claman Countdown.'
Funds related to Cathie Wood’s ARK Invest dumped $14 million in Tesla stock and another $26 million in Coinbase shares, according to trade disclosures on Monday.
FOX Business’ Charlie Gasparino tells ‘The Claman Countdown’ that the judge’s ruling on XRP is ‘positive’ for retail investor holdings, but explains why the ruling gets ‘muddy and bizarre.’
The Fitz-Gerald Group principal Keith Fitz-Gerald and Carnivore Trading CEO Dutch Master discuss bitcoin and big bank earnings on 'The Claman Countdown.'
Invest Diva CEO Kiana Danial discusses the appeal of digital currencies on 'The Big Money Show.'
Alexander Mashinsky, the former CEO and founder of Celsius Network, has been arrested on federal fraud charges. He is accused of misleading customers about key aspects of his company.
Bitcoin Foundation Chairman Brock Pierce discusses crypto regulation and reacts to the SEC losing its lawsuit against Ripple on 'Cavuto: Coast to Coast.'
O'Leary Ventures Chairman Kevin O'Leary discusses the impact of cooling inflation on the economy and weighs in on crypto's Binance crisis on 'Varney & Co.'
FOX Business senior correspondent Charlie Gasparino joins 'The Claman Countdown' to discuss Disney CEO Bob Iger seeking a contract extension beyond his current end date of 2024.
2024 GOP presidential candidate Francis Suarez discusses his plan for crypto and reacts to Florida AG Ashley Moody calling Mark Zuckerberg to testify in human trafficking cases on 'The Big Money Show.'
Grayscale CEO Michael Sonnenshein joined ‘Mornings with Maria’ to discuss his company’s decision to sue the SEC for denying their request to convert their Bitcoin trust to an ETF.
Bitcoin could reach $50,000 this year and $120,000 by the end of 2024 as crypto miners begin stockpiling the digital asset, according to Standard Chartered.
Tom Brady invested $30 million into the since-collapsed and now worthless cryptocurrency exchange FTX, according to a new report. His ex-wife lost $18 million.
ProChain President David Tawil explains why he predicts rate hikes are on the horizon and likely to stay high 'for a number of years.'
Seaport Securities founder Ted Weisberg and T3 Trading chief strategist Scott Redler discuss the Fed's interest rate path and the possibility of a new Bitcoin product for BlackRock on 'The Claman Countdown.'
'Coin Stories' podcast hist Natalie Brunell reacts to BlackRock CEO Larry Fink saying Bitcoin could 'revolutionize finance' on 'The Big Money Show.'
What is Cryptocurrency?
Cryptocurrency, or crypto, is a form of digital asset that is secured by cryptography and the blockchain. The most notable example of a cryptocurrency is bitcoin, though thousands of other similar assets exist. Cryptocurrencies are regarded by many as the money tech of the future due to their accessibility and un-censorable nature.
How do cryptocurrencies work?
Cryptocurrency networks, or blockchains, are independently verified by a matrix of computers that record all transactions and ensure a consensus throughout the chain. This means that all network information is recorded immutably and permanently; transactions cannot be prevented, blocked, or changed. Network participants can thus trust each other and transact without the need for a centralized intermediary.
How can I buy a cryptocurrency?
There are many markets for cryptocurrencies where you can exchange USD for the cryptocurrency of your choice. These include centralized exchanges and services such as Coinbase and PayPal, or decentralized alternatives like UniSwap where you can swap between crypto-assets. To use a centralized exchange, you’ll need to submit personal information such as your passport or driver’s license. Note that the price of digital assets can change rapidly, so timing your purchases well is essential.
Where can I keep my crypto coins?
Cryptocurrencies can usually be held with the exchange or business you bought them from. However, as these exchanges can be hacked, it is advisable to move your assets to your own personal wallet. These wallets are more secure and can be accessed from your laptop, phone, or other mobile devices.
What can I buy with crypto?
Real work adoption of crypto is still ongoing. However, more businesses are accepting crypto and you can buy goods and services as diverse as real estate, stocks, travel, gambling, websites, and much more. This trend should continue over time as cryptocurrencies become better known, accepted and trusted.
Pros and cons of investing in a cryptocurrency
You may have read the news that crypto has broken all-time highs recently. This is the main advantage, that we are early in the asset’s history and prices have generally gone rapidly upwards. However, you should be aware that volatility is significant and you can similarly lose money quickly if your timing is poor. Security is also a major issue and you must ensure you secure your crypto and transactions well or you could become a victim of theft or fraud.