Bitcoin likely to see new 'all-time highs' by next year: Matt Hougan
Bitwise Asset Management global head of research Matt Hougan put the onus on Congress to create 'rules of the road' for cryptocurrency regulation.
US has an 'alphabet soup' of regulators: Meltem Demirors
CoinShares Chief Strategy Officer Meltem Demirors gives her take on the regulation of cryptocurrency on 'Making Money.'
Andrew Durgee on cryptocurrency: Everyone is pushing for regulation at this point
Head of Republic Crypto Andrew Durgee discusses cryptocurrency regulation and possible 'headwinds' for Bitcoin.
North Korean banker indicted, 2 others sanctioned over cryptocurrency money laundering scheme
A representative of a North Korean bank was indicted Monday and his co-conspirators were sanctioned for their involvement in a cryptocurrency money laundering scheme.
Tokenization is an 'inevitable thing': Brock Pierce
Bitcoin Foundation Chairman Brock Pierce discusses the cryptocurrency industry, the risks to tokenization and Republicans grilling SEC Chairman Gary Gensler over cryptocurrency lawsuits.
Is your bank account safe? Mass layoffs weaken cybersecurity across finance sector
Mass layoffs in 2023 have the diminished cybersecurity workforce and opened a door for cybercriminals to attack online banking, trading, investing and digital assets.
Crypto criminals beware: AI is after you
Illicit cryptocurrency transactions reached an all-time high last year as digital tokens’ popularity with criminals soared. But now there’s a new AI-powered sheriff in town.
Billionaire Tim Draper: Bitcoin will soar to $250,000 within a year
Draper Associates founder Tim Draper argues uncertainty in the banking sector means big things for bitcoin are around the corner on 'Cavuto: Coast to Coast.'
SEC charges Bittrex with operating unregistered securities exchange
Gary Gensler's SEC has charged Bittrex, a cryptocurrency exchange, with failing to register as a securities exchange in a move to further regulate the industry.
eToro's Twitter partnership is a natural move: CEO Lule Demmissie
eToro U.S. CEO Lule Demmissie joins 'The Claman Countdown' to discuss teaming up with Elon Musk's Twitter to allow its users to trade stocks and crypto on its multi-asset investment platform.
Crypto investors face delays in withdrawing funds after Ethereum upgrade
Major software upgrades are causing delays as cryptocurrency investors try to withdraw funds on the Ethereal blockchain, exposing infrastructure shortcomings.
Warren Buffett criticizes bitcoin, says it 'doesn't have any intrinsic value'
Berkshire Hathaway CEO Warren Buffett recently offered up his opinion on bitcoin, appearing to criticize it while talking to CNBC. He said it "doesn't have any intrinsic value."
FTX has recovered $7.3B in assets, bankruptcy lawyer says
Attorneys for bankrupt cryptocurrency exchange FTX said Wednesday the company has recovered more than $7.3 billion in cash and crypto assets since its collapse.
Crypto educator Natalie Brunell urges investors to ‘zoom out’ of bitcoin’s pumps and pullbacks
'Coin Stories' podcast host Natalie Brunell joined ‘The Big Money Show’ to discuss cryptocurrency as the price of bitcoin exceeds $30,000 for the first time since June of 2022.
Anthony Georgiades weighs in on Bitcoin's rally, endgame
Pastel Network co-founder and Innovating Capital General Partner Anthony Georgiades discusses his outlook for bitcoin and the failure of FTX.
Bitcoin's monetary policy will execute exactly as designed: Anthony Pompliano
Pomp Investments investor Anthony Pompliano discusses bitcoin's 2023 trajectory on 'The Claman Countdown.'
Banking crisis still poses a 'huge risk' to the stock market: Scott Shellady
Seaport Securities founder Ted Weisberg and The Cow Guy Group founder Scott Shellady discuss whether the 'hate equities' crowd is wrong about the direction of the stock market on 'The Claman Countdown.'
Bitcoin jumps above $30,000
Bitcoin is at its highest level in 10 months breaching the $30,000 marker ahead of Wednesday’s March consumer price index (CPI) data from the Labor Department and subsequent response from the U.S. Federal Reserve
Treasury Department looks to regulate crypto over US security fears
CoinGeek Chief Bitcoin Historian Kurt Wuckert Jr. joins ‘Kennedy’ on FOX Business to says investors treating crypto like a security with minimal regulations could ‘appeal to criminals’ or foreign adversaries.
FTX collapse report: 'Hubris, incompetence, and greed' led to failure
FTX's new management team released its first report on what led to the cryptocurrency exchange's demise under the leadership of founder Sam Bankman-Fried.
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.