Miami mayor: City’s embrace of crypto ‘not a failure’
Miami Mayor Francis Suarez joins "Varney & Co." to address the city's progress on cryptocurrency implementation.
Miami mayor: City's adoption of cryptocurrency 'has not failed'
Miami Mayor Francis Suarez responds to a Bloomberg report suggesting plans to invest city funds in Bitcoin failed in front of city commission.
Crypto expert: Bitcoin behaves more like ‘regular asset’ over time
Coindesk chief of staff of content Pete Pachal gives his cryptocurrency predictions for 2022.
Crypto expert says Bitcoin is the answer to people’s concerns
Lolli CEO and co-founder Alex Adelman discusses the future of Bitcoin.
Florida business owner creates crypto-themed restaurant
Crypto Street Restaurant owner Ricardo Varona says people can pay at the restaurant using cryptocurrencies, including Bitcoin and Dogecoin.
Crypto asset manager Hashdex expands in US
Hashdex CEO Marcelo Sampaio says crypto is a 'great asset class for investors to get exposure to,' arguing that it will continue to move forward over time, but 'expect a lot volatility.'
Matt Damon roasted over divisive crypto commercial: ‘Does he not have enough money already’
The “Oceans 11” actor, 51, was called out for his oration of a Crypto.com commercial that highlights history’s greatest achievements and some of the world’s most fearless odds-breakers while delivering an exaggerated message about striking at potentially lucrative opportunities while the proverbial iron is hot.
Blackstone's Byron Wien: Top 10 market predictions for 2022
Blackstone vice chairman provides his 2022 market outlook and discusses Fed policy on 'The Claman Countdown.'
Celebrating the birth of Bitcoin
Crypto investor Layah Heilpern surveys Bitcoin's legacy on its birthday and DC's regulation of crypto.
Cryptocurrency expert says US government will have to 'play along' with Bitcoin
Bitwise Asset Management CIO Matt Hougan argues 'the world will want an apolitical tool for international trade.'
Crypto's 2022 outlook after breakthrough 2021
Bitcoin and Ethereum hit all-time highs in 2021 before a big selloff, but experts say cryptocurrencies are poised for a banner 2022.
Why cryptocurrency will continue to grow
Invest Diva CEO Kiana Danial discusses the future of cryptocurrency.
Brandon Brown's LGBCoin partnership not across finish line just yet
NASCAR driver Brandon Brown has yet to be cleared to use the LGBCoin paint scheme for the 2022 season despite his team’s announcement on Thursday.
RadioShack to rebrand as cryptocurrency exchange platform
Retail Ecommerce Ventures acquired RadioShack in 2020 and hailed the potential of the 100-year-old brand. Now REV is rebranding RadioShack as a cryptocurrency exchange platform.
Crypto surpasses $3T in value over 2021
FOX Business' Kelly O'Grady says investors embraced cryptocurrency's volatility and legitimacy.
Crypto volatility will be down in 2022: Market expert
Overline CEO Patrick McConlogue weighs in on cryptocurrency’s outlook for 2022 and December’s crypto market on pace for the worst since May.
Cryptocurrency outlook 2022: Energy efficiency, adoption, and regulation in the year ahead
Experts predict a big year for cryptocurrencies in 2022, with institutions and individuals likely to increase adoption and participation as regulation strengthens around the market.
NASCAR driver Brandon Brown partners with LGBCoin amid chant craze
NASCAR driver Brandon Brown will have a new primary sponsor for the 2022 season.
Cryptocurrency is not going away, will ramp up in 2022: Webull CEO
Webull CEO Anthony Denier argues most professionals predict there will be cryptocurrency regulations in the year ahead.
Puerto Rico becoming crypto millionaires' tax haven
Former Puerto Rico Gov. Luis Fortuno claims wealthy investors bring capital and job opportunities to Puerto Ricans.
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.