Bitcoin expert predicts $200K price point next year
Bitcoin Foundation chairman Brock Pierce says bitcoin's stock price depends on external market factors.
How the new NFT marketplace could skyrocket in 2022
CoinShares chief strategy officer Meltem Demirors and Kraken COO Dave Ripley discuss the roller-coaster year for bitcoin on 'The Claman Countdown.'
TIFIN plans to transform the world of wealth
TIFIN founder and CEO Vinay Nair discusses the future of wealth management on 'Making Money.'
NFTs and SNL: Crypto keeps burrowing into the mainstream
Crypto has been many things in its short history. 2021 was the year it became part of the mainstream.
Crypto donations hit records: Season of Generosity
Donation of cryptocurrencies on Crypto Giving Tuesday hit a new record for 2021
Central Banks will issue their own electronic currency: Strategist
Kyriba senior strategist Wolfgang Koester on 2022 market outlook and the crypto market.
Will Silicon Valley greed damage crypto?
NBTV.media founder Naomi Brockwell discusses the potential regulation of cryptocurrencies on 'Making Money.'
Cryptocurrency lending platform to launch Bitcoin-backed mortgage
Mauricio Di Bartolomeo, co-founder & chief strategy officer at Ledn, describes how the new mortgage product works, noting that it uses real estate as part of the collateral and Bitcoin as the other half.
Crypto investors make 2022 predictions
Pomp Investments founder Anthony Pompliano analyzes the ‘monetary and technology revolutions’ in bitcoin and other cryptocurrencies.
British pound is ‘crushing’ compared to Bitcoin: Investor
'Undressing Bitcoin' author Layah Heilpern argues that Bitcoin is a ‘decentralized computer network’ and it will be impossible to ban the cryptocurrency.
Trump warns crypto a 'very dangerous thing'
Former President Trump stresses the only currency he wants is the dollar.
Miami leads the way in race to earn 'crypto capital' title, creating the first CityCoin
Miami is leading the way to becoming the central hub with different initiatives involving residents while forging the way with the first CityCoin.
What crypto investors need to know about infrastructure law
Bitfury CEO Brian Brooks discusses cryptocurrency regulation on 'Making Money.'
Bitcoin prices hovers around $47,000
Bitcoin pulled back early Friday after jumping above the $49,000 level on Wednesday when the Fed decided to speed up stimulus withdrawal.
Miami mayor goes all in on crypto to boost city's property
Mayor Francis Suarez discusses Miami's push to become the next tech hub on 'FOX Business Tonight.'
More Americans look to gift cryptocurrency this holiday season
BlockFi founder and CEO Zac Prince shares results of a survey suggesting 1 in 10 Americans plan to gift cryptocurrencies.
WisdomTree tweaks Bitcoin ETF application
The SEC has yet to approve a pure Bitcoin ETF.
Elon Musk says Tesla will accept dogecoin for some products
Elon Musk said Tuesday that Tesla will begin accepting dogecoin as payment for some products.
Dip in metaverse stocks tempt questioning investors
Hartley Investments CEO Zac Hartley discusses metaverse opportunity on 'Making Money.'
Gwyneth Paltrow invests in bitcoin miner TeraWulf
Academy Award-winning actress and Goop founder Gwyneth Paltrow recently participated in a $200 million debt and equity financing round for TeraWulf.
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.