Simplify Asset Management chief strategist Mike Green argues there is a strong correlation between wealth and energy on 'Making Money.'
Invest Diva CEO Kiana Danial discusses the surge in Bitcoin and the performance of the cryptocurrency and stock markets.
NatWest Markets U.S. head Michelle Girard discusses the state of the American consumer after spending slowed in October on 'Making Money.'
Smead Capital Chief Investment Officer Bill Smead discusses which stocks could be big winners in 2024 on 'Making Money.'
Former Binance chief Changpeng Zhao will remain in U.S., a federal judge said on Monday, after the founder of the world's largest cryptocurrency exchange plead guilty for laundering.
'Coin Stories' podcast host Natalie Brunell discusses the rise in Bitcoin, her outlook on the cryptocurrency market and the impact of the crackdown on Binance.
Jailed FTX founder and convicted fraudster Sam Bankman-Fried reportedly paid another inmate to cut his hair ahead of his trial using packets of mackerel as currency.
Former Binance Chief Strategy Officer Patrick Hillman answers whether the crypto exchange played a role in financing terrorists on 'The Big Money Show.'
2024 Republican presidential candidate Vivek Ramaswamy reacts to Javier Milei's victory in Argentina on 'Making Money.'
Binance CEO Changpeng Zhao will plead guilty to multiple criminal charges and the cryptocurrency exchange will pay more than $4 billion in a plea deal with the U.S. government.
Vivek Ramaswamy, a candidate for the 2024 Republican presidential nomination, provided an outline of his "Three Freedoms of Crypto" framework Thursday.
Strike CEO Jack Mallers discusses the crypto space and the future of Bitcoin on 'Making Money.'
Great Hill Capital Chairman Thomas Hayes provides his market outlook on 'Making Money.'
ARK Invest CEO and CIO Cathie Wood discusses her path to disruptive innovation on 'Making Money.'
Belpointe chief strategist David Nelson and Rosecliff founder Mike Murphy debate whether money markets are still a good investment on 'Making Money.'
Coin Stories podcast host Natalie Brunell explains how Bitcoin 'neutralizes greed' on 'Making Money.'
Author Peter Brandt explains how he navigated Wall Street's good and bad changes over his long career on 'Making Money.'
Former New York Stock Exchange President Tom Farley is among three suitors vying to buy the remnants of FTX, as the auction for the collapsed crypto exchange reaches its final stages.
Robinhood Markets reported quarterly results and said it missed Wall Street estimates for third-quarter revenue, weighed by a slowdown in trading activity.
Sam Bankman-Fried's conviction on fraud and conspiracy charges means the FTX founder faces a long time behind bars. A former U.S. attorney weighs in on the fallen crypto king's future.
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.