Biden administration proposes crypto tax regulations in new reform
President Biden's administration is seeking to update United States regulations to crack down on the widespread use of cryptocurrency for tax evasion purposes.
AI is a powerful trend, akin to the internet in the late 90s: Ivan Feinseth
Osaic chief market strategist Phil Blancato and Tigress Financial Partners CIO Ivan Feinseth assess the state of the stock market, while Raymond James Washington policy analyst Ed Mills discusses the GOP primary debate on 'The Claman Countdown.'
SEC files charges against former New Jersey officer in crypto fraud scheme targeting first responders
The Securities and Exchange Commission filed civil charges against a former New Jersey police officer for his alleged involvement a crypto fraud scheme targeting first responders.
Forget Nvidia, Wall Street is still contingent on the Fed: Jason Katz
UBS managing director and senior portfolio manager Jason Katz and The Lonski Group President John Lonski discuss how crucial Nvidia's earnings are to the tech sector and broader stock market on 'The Claman Countdown.'
Wall Street is an early bull market: Ken Fisher
Fisher Investments founder and Chairman Ken Fisher provides his market outlook and analyzes the tech-led rally on 'Cavuto: Coast to Coast.'
Sam Bankman-Fried’s lawyers complain FTX founder not getting vegan diet in jail
The defense team for imprisoned FTX founder Sam Bankman-Fried are complaining about his jail conditions, and say their vegan client is subsisting on a bread and water diet.
Crypto bull market won't begin until Fed cuts interest rates: Grant Mitterlehner
MittGroup CEO Grant Mitterlehner discusses why investors are shifting away from risky asset classes like crypto on 'Cavuto: Coast to Coast.'
Europe beats US in race to launch first Bitcoin spot ETF
Jacobi Asset Management CEO Martin Bednall joins 'The Claman Countdown' to discuss the launch of the first Bitcoin spot ETF in Europe listed on the Euronext Amsterdam exchange.
Bitcoin’s problem may be bond yields
Bitcoin took a sharp leg down to the $25,000 level as investors speculated about SpaceX's holdings, but there may be another major headwind for cryptocurrencies — rising bond yields.
Market selloff is an opportunity to go hunting for great stocks: Keith Fitz-Gerald
Seaport Securities founder Ted Weisberg and The Fitz-Gerald Group principal Keith Fitz-Gerald discuss whether fear in the market is a buying opportunity for investors on 'The Claman Countdown.'
Big Tech boom is not over: Kenny Polcari
SlateStone Wealth chief market strategist Kenny Polcari joins ‘Varney & Co.’ to discuss Big Tech and the cryptocurrency market as the price of Bitcoin takes a tumble.
Fed's commitment to data 'freaked out' markets: Gene Goldman
Cetera Investment Management CIO Gene Goldman reveals how many more Fed rate hikes are likely in store for the economy on 'The Claman Countdown.'
Sotheby's added to lawsuit from ‘Bored Apes’ over celebrity-backed NFTs
Sotheby’s Holdings has been named in a lawsuit led by plaintiffs with the Bored Ape Yacht Club against non-fungible tokens (NFT) company Yuga Labs.
Spot Bitcoin ETF trading launch in Amsterdam is ‘holy grail’ for US issuers: Sean O’Hara
PacerETFs Distributors President Sean O'Hara joins ‘The Claman Countdown’ to discuss Europe’s first spot Bitcoin ETF and its potential impact on the cryptocurrency market.
Bitcoin ETF in the US will happen at some point: Kraken CEO Dave Ripley
Kraken CEO Dave Ripley reacts to crypto exchange Coinbase winning approval to offer futures trading in the U.S. on 'The Claman Countdown.'
Market hasn't been this 'overextended' since dot-com bubble burst: Peter Eliades
Stockmarket Cycles editor and publisher Peter Eliades provides his market outlook on 'Cavuto: Coast to Coast.'
Fed must keep rates 'higher for longer' if US economy is going to grow: Stephen Guilfoyle
Muhlenkamp & Company portfolio manager Jeff Muhlenkamp and Sarge986 President Stephen Guilfoyle discuss whether China's struggling economy will affect the U.S. stock market on 'The Claman Countdown.'
Warren Buffett, Michael Burry are waiting for the market to crash: Robert Kiyosaki
The Rich Dad Company co-founder Robert Kiyosaki discusses the best places to invest in a down market on 'Cavuto: Coast to Coast.'
Nvidia remains the big winner in AI wars: R 'Ray' Wang
Constellation Research founder R 'Ray' Wang analyzes three stocks that benefit from A.I. on 'Varney & Co.'
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.