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.'
We're in a bull market until proven otherwise: Callie Cox
Callie Cox, eToro U.S. investment analyst, warns investors not to underestimate this market on 'Making Money.'
Fed would rather have a mild recession than cut rates too soon: Adam Kobeissi
The Kobeissi Letter editor-in-chief Adam Kobeissi discusses the Fed's inflation battle and whether the 'Magnificent Seven' stocks will continue to lead Wall Street on 'Cavuto: Coast to Coast.'
Bitcoin’s bounce ‘still early innings’
Bitcoin has been climbing and the tailwinds behind the largest cryptocurrency by market value may continue to drive prices higher into 2024. Coinbase is also sending off a bullish signal.
Bitcoin's big move doesn't make a lot of sense: Dan Geltrude
BofA Securities head of U.S. economics Michael Gapen and Geltrude & Company founder Dan Geltrude discuss the state of the U.S. economy after the November jobs report on 'The Claman Countdown.'
Bitcoin will run over the next 18 to 24 months: Anthony Pompliano
Pomp Investments' Anthony Pompliano explains why big banks like J.P. Morgan are afraid of crypto on 'Making Money.'
AMD is the 'picks and axes' in AI revolution: Ray Wang
Constellation Research founder R ‘Ray’ Wang discusses chipmaker stocks, his take on who's winning the A.I. race and his outlook on Bitcoin.
Shifting narratives are swinging the stock market: Dan Suzuki
Richard Bernstein Deputy CIO Dan Suzuki discusses whether stocks will continue to rise as inflation and rates decline on 'Varney & Co.'
Jamie Dimon 'pretty clear on his thoughts' on crypto: Pete Najarian
Market Rebellion co-founder Pete Najarian joins 'Mornings with Maria' to discuss his year-end market expectations, the Federal Reserve's management of interest rates and Jamie Dimon's call on crypto.
Fed will reignite inflation by cutting interest rates: Lou Basenese
Public Ventures President and chief market strategist Lou Basenese argues it would be counterproductive if the Fed lowers rates on 'The Big Money Show.'
JPMorgan Chase CEO Jamie Dimon slams crypto, bitcoin at Senate hearing
JPMorgan Chase CEO Jamie Dimon told U.S. lawmakers at a Senate Banking Committee hearing the only true use case for cryptocurrency is for criminals and said that were he in control of the government, he would "close it down."
Every investor should have exposure to Apple: Kenny Polcari
SlateStone Wealth chief market strategist Kenny Polcari reacts to Apple's market cap climbing back above $3 trillion on 'Varney & Co.'
Fed is focusing on rate cuts, inflation was a 2023 problem: David Waddell
Waddell & Associates CEO and chief strategist David Waddell discusses his short-term stock market concerns on 'Making Money.'
Crypto 'purge' could lead to a Bitcoin boom: Brock Pierce
Bitcoin Foundation Chairman Brock Pierce discusses whether Bitcoin is safe for average investors on 'The Big Money Show.'
Bitcoin rises above $42,000 for first time since April 2022
Bitcoin rose to $42,162 on Monday in a new surge fueled by interest rate cut expectations and traders betting that U.S. regulators will soon approve exchange-traded spot bitcoin funds.
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.