Bitcoin has been on fire: Mark Tepper
Hennion and Walsh asset management President and CIO Kevin Mahn and Strategic Wealth Partners CEO Mark Tepper discuss the earnings period and Bitcoin.
Gemini crypto exchange to return $1.1 billion to consumers, pay fine in regulatory settlement
Gemini Trust Company, a cryptocurrency exchange founded by Cameron and Tyler Winklevoss, will return $1.1 billion to customers of its now-defunct Earn loan program in a settlement.
Coinbase users experiencing buying and selling errors, zero account balances
Coinbase users were hit with errors trying to make transactions on the exchange Wednesday, and some saw their account balances emptied amid a surge in traffic.
Crypto industry fights back against government crackdown
The SEC and Chair Gary Gensler have brought a myriad of lawsuits against various players in the crypto sector for what he says is mass noncompliance with various securities laws.
Bitcoin tops $60K, racing toward all-time high
Bitcoin is on a roll as prior investors return to the crypto, while a new crop piles into the asset via spot ETFs recently approved by the Securities and Exchange Commission.
If PCE 'comes in light,' we can get back to rallying the stocks, James Iuorio says
TJM Institutional Services Director James Iuorio provides his expectations for the upcoming PCE data, inflation and the boom in bitcoin.
Sam Bankman-Fried asks for lenient sentence, points to FTX fund recovery
FTX founder Sam Bankman-Fried's lawyer on Tuesday requested that a judge give a lenient sentence, arguing that FTX's clients would have most of their funds returned.
Nvidia's valuation is 'incredibly low,' we're buying dips: Beth Kindig
I/O Fund lead tech analyst Beth Kindig discusses the chances of an Nvidia correction on 'Making Money.'
Central bank digital currency will be the 'ultimate surveillance tool': Sen. Mike Braun
Sen. Mike Braun, R-Ind., on the threat of a central bank digital currency and a looming government shutdown as Biden meets with top congressional leaders and the FTC suing to block the Kroger-Albertsons merger.
Crypto industry like to see more 'big players' moving into market soon: Michael Lee
Michael Lee, founder of Michael Lee Strategy, joins 'Varney & Co.' to discuss action in crypto markets and where he stands on Nvidia stocks.
Charlie Gasparino: We are seeing a concerted effort to fight government regulatory overreach by the SEC
FOX Business' Charlie Gasparino reacts to the cryptocurrency industry fighting back against the government on 'The Claman Countdown.'
Top House Republican says Biden admin abusing power to target bitcoin miners
The debate over whether bitcoin mining is indeed detrimental to the environment is becoming a larger part of the political conversation surrounding energy conservation in the U.S.
Elizabeth Warren rallies donors as Marine veteran, crypto attorney John Deaton announces Senate challenge
John Deaton, a crypto attorney and U.S. Marine veteran, on Tuesday announced that he would seek to unseat Democratic Massachusetts Sen. Elizabeth Warren.
Anthony Pompliano: I wouldn't be shocked if Bitcoin is over $100,000 per share in the next 18 months
Pomp Investments' Anthony Pompliano says Bitcoin is now the 'favored' asset of Wall Street investors on 'The Claman Countdown.'
Crypto no longer outsider at famed Miami Beach ETF conference
The Exchange conference, which has been held annually for about a decade, is sponsored by ETF providers like State Street, Vanguard, Invesco and BlackRock.
Treasury deals blow to Elizabeth Warren’s anti-crypto crusade
A top official in the Terrorism and Financial Intelligence office debunked Sen. Elizabeth Warren’s past claims that crypto is chiefly responsible for funding Middle East terrorist outfits.
Fed likely won't cut rates at all in 2024: Kenny Polcari
SlateStone Wealth chief market strategist Kenny Polcari criticizes the Fed's 'illogical' rate cut story on 'Varney & Co.'
Bitcoin represents the digital transformation of capital: Michael Saylor
MicroStrategy Executive Chairman Michael Saylor explains the global impact of Bitcoin on 'Making Money.'
Crypto world, Wall Street await potential spring approval of spot ether ETF
Sentiment surrounding the approval of a spot product for the world’s second-largest digital asset in 2024 is overwhelmingly positive according to interviews conducted by FOX Business.
Bitcoin climbs to over $50,000 as value continues to recover
The original cryptocurrency, Bitcoin, is currently worth over $51,000 per token after continuing its recovery from a major collapse in value during 2022.
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.