Should you buy the crypto dip? 3 things to know
Buying the dip can be a smart way to invest on a budget. But is it the right time to buy crypto?
Varney: Meme stocks, crypto turned investing ‘upside down’
FOX Business' Stuart Varney argues meme stocks and crypto "represent a whole new element in the financial world," during his latest "My Take" on "Varney & Co."
Gold medalist skater on Beijing Olympics boycott calls: Team USA should go, focus on 'purity of sport'
Olympic gold medalist and retired speed skating athlete Apolo Ohno told "Varney & Co." Wednesday the United States should compete in the Beijing Winter Olympics next year in response to growing calls to skip it.
Sheetz to start accepting Bitcoin, other cryptocurrencies
Sheetz will soon start accepting cryptocurrencies like Bitcoin as payment later this summer, the company announced Tuesday.
Cryptocurrency expert says Bitcoin, Stablecoin payments will be accepted by more businesses
More companies will accept cryptocurrency as payment, Voyager Digital CEO Steve Ehrlich told FOX Business’ Maria Bartiromo on “Mornings with Maria” Tuesday.
Suddenly wealthy from markets, some millennials are stressed
Soaring assets and stocks in the past year have in some cases handed midlevel workers huge windfalls.
Bitcoin, Ethereum trending higher after overnight trading
Bitcoin gained more than 4% overnight, and as of 6 a.m. ET is trading at close to $38,000.
Bitcoin miners agree to form council amid meeting with Elon Musk
Tesla CEO Elon Musk participated in a meeting with Bitcoin miners over the weekend, following concerns he raised publicly about the environmental impact of the cryptocurrency that sent prices tumbling.
Cryptocurrency DeFi100 founders deny allegations they stole $32 million from investors
The team behind cryptocurrency DeFi100 have denied allegations that they have performed an "exit scam" after a notice on the team’s website claimed the founders had stolen $32 million in investments over the weekend.
Bitcoin not for us, HSBC CEO says
Europe's largest bank's stance on cryptocurrencies comes as the world's biggest and best-known, Bitcoin, has tumbled nearly 50% from the year's high, after China cracked down on mining the currency and prominent advocate Elon Musk tempered his support.
Why NFL's Sean Culkin is encouraging pro athletes to bank on Bitcoin, cryptocurrency
Kansas City Chiefs tight end Sean Culkin, who recently announced to the world he’s converting his 2021 salary into Bitcoin, is now leading the NFL as the expert on cryptocurrency.
China roils Bitcoin, cryptos again
China poked bitcoin and the cryptocurrency market for a second time this week.
Is Bitcoin safer for retirement than Social Security?
Could Bitcoin pick up the slack if Social Security benefits fall short?
Larry Kudlow: Uncle Sam wants access to your bank account without permission
"Kudlow" host Larry Kudlow called out the Biden administration's new tax enforcement plan targeting banks and cryptocurrency exchanges to provide the government with more information about what's flowing in and out of your bank account.
Fed's Powell says digital currency is a 'complement' to the dollar, 'not a replacement'
Federal Reserve Chairman Jerome Powell said the creation of a central bank digital currency in the U.S. would require “careful thought and analysis."
Bitcoin price stabilizes following crypto plunge
Bitcoin and other cryptocurrencies stabilized after a beat-down that erased billions from the market.
Barstool's Portnoy says he ‘wishes’ he could manipulate the crypto market like Elon Musk
Barstool Sports founder and CEO David Portnoy argued that following "a guy who goes up and down" as it pertains to the cryptocurrency market could be "frustrating," referring to Tesla founder and CEO Elon Musk.
'Tesla has not sold any Bitcoin,' Elon Musk says
This is Musk's latest in a string of recent comments regarding Bitcoin, impacting the market price of the cryptocurrency.
Mark Cuban says Dogecoin being used as valid payment mechanism could be a reality
Mark Cuban said Saturday that Dogecoin, the meme coin promoted by Elon Musk and originally created as a joke, could "grow as a valid payment mechanism" in the future.
Coinbase preps Dogecoin listing
Coinbase CEO Brian Armstrong said during a Thursday earnings call that the cryptocurrency company is preparing to list Dogecoin on its platform.
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.