Bitcoin is a $100 trillion idea that should be in every portfolio: Dylan LeClair
Metaplanet director of Bitcoin strategy Dylan LeClair reacts to BlackRock CEO Larry Fink comparing Bitcoin to the mortgage market of the 1980s on 'Making Money.'
Pro-crypto super PAC becomes largest spender in Ohio Senate race
Pro-crypto super PAC Defend American Jobs has rolled out a $40.8 million TV ad blitz designed to boost Bernie Moreno’s image among Republicans and undecided voters.
Bitnomial sues SEC over XRP futures, challenges agency's continued claim that XRP is a security
The SEC contacted the exchange to express that it would be violating federal securities laws if it proceeded with the XRP futures listing
SEC commissioner confesses its crypto approach has fueled 'disaster for the whole industry'
SEC Commissioner Mark Uyeda says Crypto.com's recent lawsuit against the agency is part of a broader frustration with the lack of interpretive guidance for cryptocurrency.
Private-equity mogul Orlando Bravo reveals what asset Thoma Bravo will never touch again
Thoma Bravo Founder and Managing Partner Orlando Bravo has the latest on the investment into the crypto exchange on 'The Claman Countdown.'
SEC Commissioner Mark Uyeda: Our agenda is directed by Gensler
SEC Commissioner Mark Uyeda discusses the agency's handling of cryptocurrency on 'Mornings with Maria.'
HBO filmmaker believes he found bitcoin's creator, whose identity has been unknown
The identity of bitcoin's inventor has been a mystery, but the creator of a new HBO documentary says he may have uncovered the person's true identity.
Tether looks to revamp US image as it celebrates 10 years
Paolo Ardoino, the CEO of Tether, the global firm behind the most widely used dollar-backed crypto token, USDT, gave a rare interview with FOX Business.
Crypto asset manager Bitwise files for first XRP exchange-traded fund
Bitwise is the first firm to officially seek approval for a spot ETF that would track the daily price of XRP, the seventh-largest cryptocurrency with a market cap of over $30 billion.
Deadline looms for SEC to appeal Ripple ruling: will it?
The Securities and Exchange Commission has until October 7 to appeal a controversial ruling in its high-profile legal battle with blockchain payments company Ripple
Charles Payne: Start investing your money and never stop
'Making Money' host Charles Payne warns consumers against spending money they don't have.
Charles Payne: You must invest with conviction to win big
'Making Money' host Charles Payne explains why investing with a crystal ball won't make you rich.
Kamala Harris is trying to kill American innovation: Howard Lutnick
Cantor Fitzgerald Chairman & CEO Howard Lutnick discusses BGC Group's launching their FMX Futures exchange, the Biden administration's climate change agenda, V.P. Harris' economic plan, and her pitch to corporate America.
Telegram agrees to give up data to governments after CEO's arrest
FOX Business correspondent Madison Alworth and Walser Wealth Management President Rebecca Walser discuss how geopolitical shocks are affecting markets and the price of gold on 'Making Money.'
Crypto market likely to take off amid political pandering: Shah Gilani
Money Map Press chief investment strategist Shah Gilani shares his market outlook ahead of the opening bell and why he bought Coinbase on 'Varney & Co.'
Sam Bankman-Fried's ex-girlfriend, Caroline Ellison, sentenced to 2 years in prison
Former FTX CEO Sam Bankman-Fried's ex-girlfriend and co-conspirator, Caroline Ellison, was sentenced to 24 months behind bars for her role in the collapse of the crypto empire.
Exodus donates $1.3M to crypto advocacy group to aid Election Day vote efforts
Exodus' contribution will go toward scaling its community outreach efforts to educate and mobilize crypto voters nationwide, according to Stand With Crypto executives.
SEC commissioner previews Capitol Hill grilling of Chair Gary Gensler
The House Financial Services Committee will grill all five members of the Securities and Exchange Commission, including Chairman Gary Gensler this week.
Harris vows to 'encourage' crypto in speech to Wall Street donors
Vice President Kamala Harris extended a nod to the cryptocurrency industry in a speech to Wall Street donors over the weekend, where she promised to "encourage" digital assets.
Best case for bitcoin is ‘holding’ on to it: Thomas Pacchia
PubKey founder and co-owner Thomas Pacchia discusses the future of Bitcoin and its potential impact on the U.S. economy.
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.