CME Group CEO Terry Duffy: Inflation still a concern for Wall Street
CME Group chairman and CEO Terry Duffy reacts to the positive trading action on Wall Street after a strong December jobs report on 'The Claman Countdown.'
Bitcoin fundamentals at all-time high: Perianne Boring
Chamber of Digital Commerce founder and president Perianne Boring discusses the state of crypto after the FTX scandal on 'The Claman Countdown.'
White House press sec claims FTX founder, major donor Bankman-Fried visited to discuss 'pandemic prevention'
White House press secretary told reporters on Tuesday that members of the Biden administration met with FTX founder Sam Bankman-Fried to discuss pandemic prevention.
White House officials meet with Sam Bankman-Fried to discuss pandemic prevention
Karine Jean-Pierre told reporters White House Officials met with Sam Bankman-Fried a few times to discuss the crypto industry, crypto exchanges, and pandemic prevention matters.
John Deaton on FTX scandal: I have faith Sam Bankman-Fried will see justice
CryptoLaw founder gives his take on disgraced FTX founder Sam Bankman-Fried pleading not guilty to all counts on 'Making Money.'
Gemini co-founder says Genesis ‘engaging in bad faith stall tactics’
Gemini co-founder pens open letter to rival Genesis on Twitter asking for $900 million loan repayment.
FTX bankruptcy battle intensifies as Bahamas regulator fires back at CEO
The war of words between Bahamian authorities and FTX CEO John Ray III continues to rage over disputes surrounding the bankruptcy of the fallen crypto exchange.
Sam Bankman-Fried's case as close to 'slam-dunk' as prosecutors can get: Gregg Jarrett
Fox News legal analyst Gregg Jarrett discusses the evidence against former FTX CEO Sam Bankman-Fried and how much of the stolen money could be retrieved on 'Varney & Co.'
FTX founder Sam Bankman-Fried to plead not guilty at scheduled New York City arraignment: reports
Sam Bankman-Fried, at his arraignment in U.S. District Court in Manhattan Tuesday, will likely plead not guilty to fraud, money laundering and other charges over FTX's collapse.
Bahamas Securities Commission says it seized $3.5B in FTX assets 'for safekeeping'
The Securities Commission of the Bahamas said Thursday it seized some $3.5 billion in FTX assets "for safekeeping" after the crypto exchange's bankruptcy and hacks on the system.
Sam Bankman-Fried tried to influence a lot of powerful and famous people: Natalie Brunell
'Coin Stories' podcast host Natalie Brunell reflects on the importance of transparency following the FTX crash on 'Making Money.'
It would be a wise move for Bankman-Fried to enter a plea: Bruce Dubinsky
Dubinsky Consulting founder Bruce Dubinsky breaks down how prosecutors built the Sam Bankmam-Fried case and what evidence they will use to prove he committed fraud on 'The Claman Countdown.'
Rep. Warren Davidson: The fiduciary has an obligation to provide the best returns
Ohio Republican Rep. Warren Davidson provides insight on stopping the politicization of investing on 'Making Money.'
Octavio Marenzi on why he's 'cautiously pessimistic' for the 2023 market
Opimas LLC's Octavio Marenzi joins 'Varney & Co.' to discuss his prediction for the market in 2023 and the crypto industry as Bitcoin bounces back.
Crypto customers sell claims at a loss to avoid bankruptcy wait
Some customers with accounts stuck in failed cryptocurrency companies are choosing to take a big loss on their investments now to avoid dealing with uncertainties in drawn-out bankruptcies.
Report: Former FTX boss meets with Hollywood screenwriter
Decrypt editor-in-chief Daniel Roberts discusses the magnitude of the former FTX CEO’s actions and how he reportedly met with a screenwriter on ‘Fox Business Tonight.’
Brock Pierce: This is financial institutions taking on too much risk and the little people take on responsibility
Bitcoin Foundation chairman Brock Pierce weighs in on the impact of the FTX fallout on 'The Claman Countdown.'
Crypto exchange Kraken to halt operating in Japan
Kraken plans to stop operating in Japan at the end of January, the cryptocurrency exchange announced on Wednesday. It said it will also deregister there.
Crypto investor Mark Miller says it's 'unlikely' he'll see the $25K he lost in the FTX collapse
FTX investor Mark Miller discusses the fallout from FTX after losing $25,000 in the collapse.
FTX customers file class action lawsuit saying assets belong to them
Account holders at FTX have filed a class action lawsuit claiming the assets being held belong to them and not the exchange.
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.