Elon Musk named Time's 'Person of the Year' for 2021
Elon Musk – the richest man in the world, Tesla CEO and SpaceX founder – is Time’s 2021 “Person of the Year.”
Bitcoin foundation chair: Crypto market 'not for the faint of heart'
Bitcoin Foundation Chairman Brock Pierce on Florida Gov. DeSantis proposing to allow businesses pay state fees in cryptocurrencies and the state of the market.
Bitfury CEO: Lawmakers making fun of crypto is shortsighted
Brian Brooks joins 'The Claman Countdown' to discuss his congressional testimony on Capitol Hill.
Why does crypto face such hostility from lawmakers?
Rep. Warren Davidson, R-Ohio, discusses if regulating cryptocurrencies will ruin the attraction on 'Making Money.'
Politicians need to get up to speed on crypto: Brunell
Podcast host Natalie Brunell reacts to crypto CEOs testifying before lawmakers on 'Making Money.'
Visa launching crypto advisory service to help financial institutions, retailers navigate sector
Visa has launched a new cryptocurrency advisory service to help financial institutions and retailers navigate the sector as mainstream interest among investors and the public is ramping up.
Crypto CEOs will ‘educate’ Congress more about currency during hearing: Expert
Voyager Digital CEO and co-founder Steve Ehrlich argues the top executives from six cryptocurrency firms will ‘educate’ Congress about the future of the industry during Capitol Hill hearing.
Man who claims he invented Bitcoin wins trial, keeps Bitcoins worth $50B
Craig Wright, a computer scientist who claims to be the inventor of Bitcoin, prevailed in a highly publicized trial Monday that will allow him to hold onto a hoard of Bitcoins worth tens of billions of dollars.
Is reckless spending putting value of the dollar at risk?
FOX Business contributor Gary Kaltbaum, Money Map Press chief strategist Shah Gilani and Ian McMillan discuss the Fed's rate hike plan on 'Making Money.'
NFT is 2021 word of the year amid cryptocurrency surge, Collins Dictionary says
An NFT is proof of ownership for a unique digital item that can be bought and sold on the cryptocurrency marketplace. Here's what you need to know about buying and investing in crypto.
Crypto bull says bitcoin 'best inflation hedge in the world'
Crypto investor Carl Runefelt discusses the best use for bitcoin today on 'The Claman Countdown.'
Art Basel puts NFT's at the forefront of exhibition
FOX Business correspondent Susan Li speaks to Charles Livio Payne about the 'cutting edge' technology on 'Making Money.'
Art Basel puts NFT's at the forefront of exhibition
FOX Business correspondent Susan Li speaks to Charles Livio Payne about the 'cutting edge' technology on 'Making Money.'
Bitcoin price remains below $57,000
Cryptocurrencies took a leg down as U.S. stocks reversed gains after the weak jobs report.
NFT, crypto revolution energizing Gen Z crowd
'Miss Teen Crypto' host Randi Hipper discusses the future of NFT's and digital currencies on 'Making Money.'
Equity markets are vulnerable to selloff: Expert
Morgan Creek Capital Management CEO Mark Yusko discusses his outlook for the markets and cryptocurrencies.
Bitcoin price stabilizes after Fed-fueled drop
Bitcoin was trading more than 0.3% higher Wednesday morning. Ethereum was also showing gains.
FOX Business adds enhanced cryptocurrency pricing, real-time market data
Bitcoin, Ethereum, Doge & Solana are among the largest cryptocurrencies that are now part of the FOX Business real-time suite of market data.
Crypto demand continues to rise as more celebrities want to be paid in Bitcoin
FOX Business Kelly O’Grady talks Bitcoin's increasing popularity as celebrities, athletes, and politicians choose to take paychecks in Bitcoin.
Dorsey will effectively get into crypto at Square: Ray Wang
Constellation Research founder R. 'Ray' Wang on Jack Dorsey shifting focus onto cryptocurrency and Square.
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.