Does Gary Gensler want to end cryptocurrency?
FOX Business' Charlie Gasparino explains how the SEC views digital coins on 'The Claman Countdown.'
SEC suing Coinbase, Binance could accelerate crypto adoption outside US: Anthony Pompliano
Pomp Investments investor Anthony Pompliano discusses whether the SEC's lawsuits against Coinbase and Binance are the kill shot for crypto on 'The Claman Countdown.'
SEC's crypto lawsuits are designed to erode confidence: Charles Payne
'Making Money' host Charles Payne joins 'The Big Money Show' to react to the SEC suing crypto exchange Coinbase and discusses Sen. Tim Scott's appearance on 'The View.'
SEC sues Coinbase, says crypto exchange never registered as a broker
The SEC is suing Coinbase Inc., accusing the cryptocurrency exchange of never registering with the regulator and for operating as an unregistered broker.
Crypto exchange Binance, CEO hit with charges in SEC lawsuit
Binance and the cryptocurrency exchange's CEO were collectively hit on Monday morning with numerous charges from the Securities and Exchange Commission.
2024 election is primed for a third-party candidate: Brock Pierce
Bitcoin Foundation Chairman Brock Pierce discusses why business executives run for public office on 'Cavuto: Coast to Coast.'
'Crypto Twitter' heats up ahead of the 2024 election
Crypto Twitter has gained a lot of players as the Elon Musk-owned platform became a place where people can discuss it openly. Many think it will play a role in the 2024 election.
Mooney unveils bill to block central bank digital currency pilot program
Rep. Alex Mooney introduced the Digital Dollar Pilot Prevention Act on Thursday in the latest effort to block a central bank digital currency from being issued in the U.S.
Prosecutors argue against dismissing Sam Bankman-Fried's criminal charges
Prosecutors urged a federal court judge to deny FTX founder Sam Bankman-Fried's request to dismiss criminal charges filed over allegations he stole from customers.
Suspected China-based fentanyl suppliers raking in tens of millions in crypto, analysis shows
China-based companies suspected of producing chemicals for illicit fentanyl manufacturing have received at least $38 million in cryptocurrency payments since 2018, Chainalysis says.
Ripple to buy Swiss crypto custody provider Metaco for $250M
U.S. crypto firm Ripple has bought Switzerland-based crypto custody firm Metaco for $250 million, in its first major acquisition, Ripple said on Wednesday.
Shaq accused of avoiding services from lawyers representing FTX investors: report
Shaquille O'Neal has reportedly been avoiding services by the lawyers representing FTX investors who lost their money in the bankrupt cryptocurrency exchange.
FTX sues Sam Bankman-Fried, others in effort to recover $240M from Embed acquisition
The new leaders of FTX have sued the bankrupt crypto exchange's founder, Sam Bankman-Fried, and others involved in its acquisition of stock trading platform Embed.
You can invest like the financially-savvy Taylor Swift, too
RiverNorth Capital Management portfolio manager Steve O'Neill analyzes Taylor Swift's closed-end fund investment strategy on 'The Claman Countdown.'
OpenAI CEO Sam Altman raises $100M for Worldcoin crypto project, which uses 'Orb' to scan your eye: report
OpenAI CEO Sam Altman has reportedly raised nearly $100 million for his cryptocurrency project, Worldcoin, which aims to be the first globally adopted digital coin.
Bitcoin is the only token that is truly decentralized: Natalie Brunell
Coin Stories Podcast host Natalie Brunell provides insight on the cryptocurrency industry on 'Making Money.'
The crypto market is 'not a Republican oasis': Marco Santori
Kraken Exchange chief legal officer Marco Santori and FOX Business' Charlie Gasparino discuss Washington being torn over cryptocurrency and digital asset regulation.
BlockFi moves to liquidate its crypto lending platform
Bankrupt cryptocurrency lender BlockFi plans to liquidate its lending platform after concluding that selling the business to a new owner wouldn’t generate enough value for creditors.
Binance.US says no deal to Voyager Digital
The cryptocurrency exchange Binance.US has canceled a deal to purchase the bankrupt crypto exchange Voyager Digital for $1.3 billion.
FTX founder Sam Bankman-Fried asks court to throw out most charges following indictment
FTX founder Sam Bankman-Fried on Monday urged a U.S. judge to throw out all but three of the charges against him for allegedly stealing from his customers.
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.