Now-bankrupt crypto lender Celsius sues former asset manager for supposed theft
Celcius Network LLC, which went bankrupt last month, is suing its former asset manager for apparently stealing millions of dollars in assets and covering his tracks using Tornado Cash.
Market is on sale, long-term investors should not be 'nervous': Polcari
SlateStone Wealth chief market strategist Kenny Polcari and Revere Securities CCO Scott Fullman discuss where investors can find opportunity in a volatile stock market on 'The Claman Countdown.'
Bitcoin: Is social media cryptocurrency's pitfall?
Naomi Brockwell provides insight on investing in cryptocurrency and Tracy Shuchart takes on the energy sector on 'Making Money.'
Gary Gensler's gross SEC overreach
Lawyer John Deaton, amici curiae in the landmark SEC vs. Ripple case weighs in on Gary Gensler's ruling iron fist when it comes to cryptocurrency regulation.
FDIC requires banks to flag any crypto business
Overline Blockchains CEO Patrick McConlogue joined 'Kennedy' to weigh in on whistleblower claims the Federal Deposit Insurance Corporation is colluding with banks to stifle legitimate crypto businesses.
World Bank's IFC backs blockchain project for trading carbon offsets
World Bank's International Finance Corp is backing blockchain platform Chia Network, which allows users to trade carbon offsets, in hopes of shining light on eco-friendly projects.
Crypto industry has been on a ‘wild ride’ but markets are ‘clearing out’: Expert
Input Output Global CEO Charles Hoskinson discusses cryptocurrency markets and the future of blockchain as the sector sees positive growth.
'Awful' China economic data subdues US stocks
'Varney & Co.' analyzes the declining stock market after weaker than expected growth data out of China.
Dutch authorities arrest suspected developer of Tornado Cash, platform supposedly used to launder billions
Cryptocurrency mixing platform Tornado Cash has been shut down and slammed with sanctions by the U.S. government after the platform was accused of being used for money laundering.
BlackRock launches spot Bitcoin private trust
The move comes as the world's largest asset manager has seen "substantial interest" from some institutional clients despite the digital asset market's recent downturn.
Coinbase to keep close eye on expenses amid crypto winter
Coinbase expects to operate at a $500 million loss during a crypto winter assuming no meaningful deterioration in the industry's market capitalization or significant behavioral changes in its customers.
Coinbase reports loss amid crypto turmoil, shares fall
Coinbase shares fell in after-hours trading after the crypto exchange reported a loss for the second quarter. The company expects trading volumes in the current quarter to fall further.
Crypto wallets, blockchain 'very vulnerable' to cyber attacks: Gil Shwed
Check Point Software CEO Gil Shwed explains why he is forecasting blockchain networks, crypto assets, and the metavese will be top targets for hackers on 'The Claman Countdown.'
Tom Brady's Bored Ape NFT isn't profiting anytime soon with its drastic drop in value
NFL quarterback Tom Brady made an NFT purchase that has rapidly decreased in value. Brady purchased an ape NFT from Bored Ape Yacht Club in April.
Blockchain bridges fall under fire after suffering multiple hacks recently
After suffering multiple major hacks recently, blockchain bridges, which enable coins to move between different ecosystems, have come under heavy scrutiny.
Inflation Reduction Act isn't going to do much: Bianco
Bianco Research President Jim Bianco, Fundstrat Global Advisors Managing Director Mark Newton and eToro US Investment Analyst Callie Cox discuss the state of the economy, the bear market and the crypto rebound.
Why Bitcoin may be superior to other cryptocurrencies
The host of 'The Mark Moss Show' host takes a closer took at investing in Bitcoin and Curzio Research founder Frank Curzio provides insight on buying into the bounce on 'Making Money.'
Dorsey-led Block Inc. sees share prices fall as crypto winter sets in
Dorsey-led Block Inc. saw share prices drop nearly 7% premarket after a disappointing earnings report, dragged down by the company's massive bet on Bitcoin as "crypto winter" sets in.
Crypto regulation: Senators sponsor bill extending CFTC's regulatory power
Sen. John Boozman, R-Ark., discusses legislation to create regulatory certainty for cryptocurrency, telling 'The Claman Countdown' the digital asset needs to be regulated.
Crypto bankruptcies threaten customer life savings
Some customers invested their entire life savings in bankrupt cryptocurrency exchanges Celsius Network and Voyager Digital and are facing financial ruin.
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.