Dave Ramsey on the 'most powerful' wealth-building tool
Personal finance expert and best-selling author Dave Ramsey stresses 'the number one most powerful wealth-building tool that the typical person has is their income.'
As Bitcoin bounces, investors debate cryptocurrencies
The price of Bitcoin has appeared to stabilize after briefly dropping to its lowest level since September 2021.
Crypto, remote work set to fuel luxury house boom: report
Remote work and a surge of wealth created by cryptocurrency are fueling demand for luxury homes, according to a report.
FTX CEO ‘optimistic’ there will steps forward in crypto regulation
Sam Bankman-Fried reacts to recent bitcoin sell-offs and the future of cryptocurrency on ‘The Claman Countdown.’
Miami Mayor Suarez on omicron: 'Starting to see some hospitalizations go down'
Newly elected President of the U.S. Conference of Mayors Francis Suarez discusses the current COVID situation in Miami and getting paid in Bitcoin.
Cryptocurrency prices drop overnight settling at $41,900
The price of cryptocurrency continued to drop overnight, with Bitcoin settling in at around $41,900 early Monday morning.
Charles Payne: It's a mistake to write off companies forever
Wheelhouse CIO Ann Berry discusses Silicon Valley's metaverse problem on 'Making Money.'
Why bitcoin is getting hammered
Bianco Research president Jim Bianco explains the recent fall of crypto on 'Making Money.'
Bitcoin price hits lowest since September
The price of Bitcoin has tumbled to a five-month low.
GameStop entering NFT and cryptocurrency markets as part of turnaround plan
GameStop Corp. is launching a division to develop a marketplace for nonfungible tokens and establish cryptocurrency partnerships, according to people familiar with its plans, pushing the company into much-hyped areas as it tries to turn around its core videogame business.
AMC on track to accept Dogecoin, Shiba Inu crypto payments in 2022
AMC Entertainment CEO Adam Aron says that the movie theater chain remains on track to accept Dogecoin and Shiba Inu for online concessions and ticket purchases during the first quarter of 2022.
Why Gen Z is attracted to cryptocurrencies
'Miss Teen Crypto' host Randi Hipper reacts to the recent fall of crypto stocks on 'Making Money.'
Bitcoin takes beating to $42K level
Bitcoin's backlash came after the Federal Reserve signaled rate hikes may accelerate in 2022.
Miami mayor: City’s embrace of crypto ‘not a failure’
Miami Mayor Francis Suarez joins "Varney & Co." to address the city's progress on cryptocurrency implementation.
Miami mayor: City's adoption of cryptocurrency 'has not failed'
Miami Mayor Francis Suarez responds to a Bloomberg report suggesting plans to invest city funds in Bitcoin failed in front of city commission.
Crypto expert: Bitcoin behaves more like ‘regular asset’ over time
Coindesk chief of staff of content Pete Pachal gives his cryptocurrency predictions for 2022.
Crypto expert says Bitcoin is the answer to people’s concerns
Lolli CEO and co-founder Alex Adelman discusses the future of Bitcoin.
Florida business owner creates crypto-themed restaurant
Crypto Street Restaurant owner Ricardo Varona says people can pay at the restaurant using cryptocurrencies, including Bitcoin and Dogecoin.
Crypto asset manager Hashdex expands in US
Hashdex CEO Marcelo Sampaio says crypto is a 'great asset class for investors to get exposure to,' arguing that it will continue to move forward over time, but 'expect a lot volatility.'
Matt Damon roasted over divisive crypto commercial: ‘Does he not have enough money already’
The “Oceans 11” actor, 51, was called out for his oration of a Crypto.com commercial that highlights history’s greatest achievements and some of the world’s most fearless odds-breakers while delivering an exaggerated message about striking at potentially lucrative opportunities while the proverbial iron is hot.
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.