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.
Owner of NYC crypto-themed bar talks Trump's visit: 'Incredibly kind and generous'
PubKey co-owner Thomas Pacchia detailed his encounter with the former president and how cryptocurrency could be impacted by the results of the election.
Trump is 'very generous' with his time: Thomas Pacchia
PubKey co-owner Thomas Pacchia discusses former President Trump making history with a Bitcoin transaction on 'The Bottom Line.'
People are over the world are embracing digital assets: GOP lawmaker
Sen. Cynthia Lummis, R-Wyo., reacts to former President Trump embracing cryptocurrency on 'Kudlow.'
Trump visits crypto-themed bar in NYC
Former President Trump paid a visit to a Manhattan bar that’s geared toward cryptocurrency on Wednesday evening as he continued on the campaign trail.
Crypto advocacy group mobilizes 100,000 voters as Election Day nears
Across the five swing states the group visited, 4 million total Americans own crypto, with 83% of them saying they are planning to cast their votes on Nov. 5.
Trump crypto venture unveiling stirs skepticism; few details revealed
Trump held a X spaces forum to discuss his decentralized crypto platform, "World Liberty Financial," and while attendees were excited, they had questions about the platform.
Top House Republicans demand answers from SEC on regulatory approach to crypto airdrops
Airdropping is when a blockchain project developer sends free tokens directly to a crypto wallet to attract users to a platform, similar to airline miles or credit card points.
Democrats' rhetoric has 'emboldened lunatics': Karoline Leavitt
Trump 2024 National Press Secretary Karoline Leavitt weighs in on Trump's second assassination attempt, Kamala Harris' lack of support from young Black male voters and the former president's crypto venture. (Courtesy: ABC News)
Trump to launch crypto platform: What to know
Former President Trump is expected to announce a new cryptocurrency project called World Liberty Financial at an event held at Mar-a-Lago that will be broadcast via X Spaces.
Cryptocurrency's maker has 'history' of 'false claims,' 'deliberate lack of transparency,' watchdog warns
Consumers' Research warns that Tether, a stablecoin, poses a threat to U.S. financial controls, urging caution until a full audit is done. Tether strongly denies these claims.
Investors should step into Target ‘today’: Mike Binger
Gradient Investments President Mike Binger reveals what consumers are ‘really looking for’ and its impact on the markets during an appearance on ‘The Claman Countdown.’
Grayscale to launch first US XRP trust, paving way for potential ETF
Grayscale has published an intended four-phase product life cycle for its XRP trust, leaving open the possibility of an ETF at some point in the future.
Crypto fraud losses surge to $5.6B in 2023: these states were hit hardest
Fraudsters swindled people out of billions using cryptocurrency-related schemes in 2023. When it came to such losses in the U.S., the FBI found some states were hit harder than others.
If Trump is president, we will have a 'bullish environment' for crypto assets: Michael Novogratz
Galaxy Digital CEO Michael Novogratz discusses the presidential candidates' takes on cryptocurrency after it was not mentioned during the Trump-Harris debate on 'The Claman Countdown.'
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.