Bitcoin soars past $45K for first time since April 2022
Bitcoin smashed through $45,000 on New Year's Day for the first time since April 2022, as the world’s largest cryptocurrency continues its recent run after a spectacular 2023.
White House wants total anarchy or control: Rep. Tim Burchett
Rep. Tim Burchett, R-Tenn., discusses the ongoing border crisis and the fallout from FTX founder Sam Bankman-Fried's trial.
Most infamous cryptocurrency fraud schemes of all time
Cryptocurrency has increased in popularity, which has led to more frequent— and sophisticated — schemes in recent years as scammers look to take advantage of investors.
Sam Bankman-Fried will not face a second trial, U.S. prosecutors decide
Prosecutors have decided that the public interest in speedy resolution of Sam Bankman-Fried's criminal proceedings outweighs the benefits of putting the disgraced crytpo mogul through a second trial.
Bitcoin being 'looked at like Noah's Ark': Natalie Brunell
'Coin Stories' podcast host Natalie Brunell reacts to young people gravitating towards cryptocurrency to get ahead and the SEC expected to approve first Bitcoin ETF in 2024.
Digital asset markets poised to grow in 2024, Goldman Sachs exec says
The head of digital assets for Goldman Sachs says the marketplace is expected to grow next year as businesses become more familiar with the technology's applications.
Bitcoin is poised to be the ‘standout asset’ of 2024: Crypto educator
Coin Stories podcast host Natalie Brunell says Bitcoin lays the groundwork for more ‘economic empowerment’ than any other asset.
Wall Street facing an 'opportunistic bull market' in 2024: Gene Goldman
Cetera Investment Management CIO Gene Goldman and Great Hill Capital Chairman Tom Hayes discuss whether the resilient market can stay hot in 2024 on 'The Claman Countdown.'
Wall Street is about to market crypto to the nation: Anthony Pompliano
Pomp Investments investor Anthony Pompliano discusses whether a spot Bitcoin ETF could be approved in January on 'Making Money.'
Harvard's Claudine Gay can thank DEI for her failures: Evita Duffy
The Federalist writer Evita Duffy and Miss Teen Crypto Randi Hipper join 'Making Money' to discuss the lack of moral authority on college campuses and China's move to restrict online gaming.
SEC holds calls with spot bitcoin ETF hopefuls as possible approval nears
News of the calls has fueled speculation among some industry participants that the agency could be gearing up to approve applications before the end of the year, instead of January.
US dollar should be the 'principal currency' on blockchain: Rep. French Hill
Rep. French Hill, R-Ark., analyzes TikTok's security threat towards Americans, Colorado's decision to disqualify Trump from the ballot and digital asset legislation.
Jerome Powell's Fed has been 'insanely lucky': Don Luskin
TrendMacro Chief Investment Officer Don Luskin predicts the Fed will cut rates faster than they normally would in 2024 because they fear deflation on 'Making Money.'
BMO's Brian Belski: Value stocks are a great place for investors to be
BMO Capital Markets chief investment strategist Brian Belski reveals what stocks he's adding to his portfolio on 'Making Money.'
SEC could make crypto history in new year with first spot bitcoin ETF approval
About a dozen companies, including BlackRock and Fidelity, have applied for a spot bitcoin ETF, or one that is valued off the real-time price of the digital asset.
Avoid cryptocurrencies at all costs: Mark Matson
Matson Money CEO and founder Mark Matson argues crypto has no place in a 'prudent' investment portfolio on 'Varney & Co.'
FTX files reorganization plan to end bankruptcy
Cryptocurrency exchange FTX Trading Co. has filed an amended plan to end its bankruptcy and return funds to investors and customers.
Cryptocurrency 'regulatory ambiguity' allows enforcement without legislation: Brock Pierce
Bitcoin Foundation chairman Brock Pierce breaks down SEC regulations and says a Bitcoin ETF is almost inevitable on 'The Claman Countdown.'
Bitcoin spot ETF is a ‘matter of when, not a matter of if’: Expert Michael Sonnenshein
Grayscale CEO Michael Sonnenshein joins ‘Mornings with Maria’ to discuss the new regulatory environment for the cryptocurrency market.
Bitcoin has never had a more fundamental bullish moment: Beth Kindig
I/O Fund lead tech analyst Beth Kindig provides her outlook for the Magnificent Seven stocks and Bitcoin on 'Making Money.'
Cryptocurrency FAQs
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.