The Fed isn't going to do anything this year: Scott Martin
Kingsview Wealth Management CIO Scott Martin weighs in on Fed's expected rate cuts and the importance of looking at gold and bitcoin in portfolios.
Idaho ISIS suspect’s arrest highlights how 'crypto is increasingly popular' with extremist groups, expert says
The 18-year-old who allegedly plotted to attack churches in Idaho on behalf of ISIS wanted to donate money to the group through cryptocurrency, the FBI says.
American Binance security expert transferred to notorious Nigerian prison: ‘our nightmare has gotten worse’
Nigerian government holds Tigran Gambaryan as apparent collateral for charges levied at cryptocurrency firm Binance amid a failing economy and soaring inflation.
John Wu: 'Very positive' outlook for crypto, Bitcoin
Ava Labs President John Wu shares his outlook on cryptocurrency and Bitcoin.
Fed should not lower rates at all in 2024, market is too hot: Ryan Payne
Payne Capital Management President Ryan Payne discusses whether investors should be concerned about a 'big market selloff' on 'Varney & Co.'
Hot March jobs report may have investors worried about Fed rate cuts: Kevin Mahn
Hennion & Walsh Asset Management President and CIO Kevin Mahn addresses two areas of concern in the booming March jobs report on 'The Big Money Show.'
SEC is busy with its aggressive rule-making agenda: Hester Peirce
SEC commissioner Hester Peirce discusses the agency's regulation plan for U.S. companies on 'Cavuto: Coast to Coast.'
Wyoming crypto bank not backing down in fight to access Federal Reserve
Custodia, one of four crypto banks in Wyoming, tells FOX Business it believes the judge's decision was wrong, and it’s considering all of its options, including an appeal.
Custodia Bank is on the frontlines of the war against 'debanking': Caitlin Long
Custodia Bank founder and CEO Caitlin Long vows to appeal after a federal judge dismissed Custodia Bank's claim for entitlement to a Federal Reserve master account on 'Making Money.'
Jerome Powell seems ready to let the US economy run hot: Nicole Webb
Wealth Enhancement Group Senior Vice President Nicole Webb discusses whether the stock market rally is beholden to Fed rate cuts on 'Making Money.'
CoinShares head: Bitcoin will hit $150K
CoinShares Head of U.S. Asset Management Steven McClurg talks cryptocurrency on 'The Claman Countdown.'
Bitcoin halving returns will not happen overnight: Anthony Pompliano
Pomp Investments investor Anthony Pompliano discusses the 'through-the-roof' demand for Bitcoin ETFs on 'Making Money.'
FTX founder Sam Bankman-Fried says he is remorseful, 'haunted' in post-sentencing interview
Former FTX CEO Sam Bankman-Fried said in an interview that he is remorseful and "haunted, every day, by what was lost" after being sentenced to 25 years in prison for fraud.
TikTok cyber security concerns are 'not a partisan issue': Kevin O'Leary
O'Leary Ventures Chairman and 'Shark Tank' star Kevin O'Leary reacts to Bud Light's 'horrific price' paid for its marketing controversy, bitcoin's boom and the future of TikTok ownership.
It's 'game on' for AI in the markets: Mark Avallone
Potomac Wealth Advisors President and founder Mark Avallone details investors' 'hope' that artificial intelligence will add to companies' bottom line.
There is regularity clarity around Bitcoin, while uncertainty around the rest of crypto: Natalie Brunell
'Coin Stories' podcast host Natalie Brunell reacts to Sam Bankman-Fried's 25-year prison sentence on 'The Claman Countdown.'
FTX class action lawsuit looks to hold powerful celebrities liable
FTX class action lawsuits co-lead counsel Adam Moskowitz explains how he plans to collect the money stolen by Sam Bankman-Fried on 'The Big Money Show.'
Sam Bankman-Fried deserved 110 years in jail: Charles Payne
'Making Money' host Charles Payne reacts to Sam Bankman-Fried's 25-year prison sentence.
Bankman-Fried's sentence will have 'opposite' intended effect on crypto market: Moe Vela
Unicoin founder Moe Vela says cryptocurrency is still the 'future' of the market despite the fall of Sam Bankman-Fried.
Market's 1Q performance was 'incredible': David Tawil
ProChain Capital President David Tawil discusses the market's performance in the 1Q, his expectations for the 2Q and the impact to crypto following the sentencing of Sam Bankman-Fried.
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.