Google is a better AI investment than Microsoft: R 'Ray' Wang
Constellation Research founder R 'Ray' Wang reveals his top A.I. stocks on 'Varney & Co.'
Wall Street firms block client access to new spot Bitcoin ETFs
Large Wall Street firms are blocking retail investors from accessing the new “spot" Bitcoin ETFs recently approved by the SEC, FOX Business has learned.
Kevin O'Leary on why he 'would never buy an ETF'
O'Leary Ventures Chairman Kevin O'Leary weighs pros and cons of investments in electric vehicles, cryptocurrency and Boeing stock.
'Cautious' SEC Chair Gensler has blessed Bitcoin through an ETF: Cathie Wood
Ark Invest CEO and CIO Cathie Wood joined ‘Cavuto: Coast to Coast’ to analyze the cryptocurrency market along with Elon Musk and his impact on Tesla’s stock price.
Bitcoin ETFs open up access to crypto for a broad group of investors
FOX Business' Charlie Gasparino and Grayscale CEO Michael Sonnenshein discuss the significance of the SEC's new Bitcoin ETF approvals on 'Cavuto: Coast to Coast.'
Spot Bitcoin ETFs: How to invest and what it means
The SEC has opened up cryptocurrencies to a new crop of investors after approving spot Bitcoin ETFs in a move that will offer more protections for those investing in the asset class.
Ark Invest CEO Cathie Wood addresses Bitcoin ETF approval 'hoax'
Ark Invest CEO Cathie Wood joined 'The Claman Countdown' Wednesday where she addressed the SEC's false post on the Bitcoin ETF decision.
Spot Bitcoin ETFs approved by SEC
The SEC is approving for the first time Bitcoin spot ETFs for trading, the move is considered a game-changer for cryptocurrency investors big and small.
Bitcoin is 'inflation-proof money': Perianne Boring
Chamber of Digital Commerce founder and CEO Perianne Boring discusses whether Bitcoin can coexist with fiat money on 'Making Money.'
Aviation industry a 'victim of its own success,' says Lt. Col. Tony Bancroft
A 'Mornings with Maria' panel discusses the markets ahead of the release of Q4 earnings reports, the SEC's fake X post on Bitcoin and and aviation stocks following the grounding of Boeing's 737 Max 9s.
GOP senators eviscerate SEC for 'colossal error' with false Bitcoin ETF post
Sen. J.D. Vance, R-Ohio, and Thom Tillis, R-N.C., wrote a scathing letter to the Securities and Exchange Commission demanding an explanation for the false X post on Bitcoin ETFs.
SEC duped, X account hacked, Bitcoin ETF not approved
News of a Bitcoin ETF approval is false after the SEC's X account was "compromised" late Tuesday as regulators scrambled to tell investors no decision has been made, although one is expected by Wednesday.
Markets preparing for 'reasonably strong economy' in 2024: Mark Avallone
Potomac Wealth Advisors founder and president Mark Avallone details the other economic factors that may offset a weakening consumer.
SEC's Bitcoin ETF debacle was result of employee not utilizing two-factor authentication: X safety
The Securities and Exchange Commission's official government account on the social media platform X was not hacked or breached when it posted about Bitcoin, X's safety team found.
Will SEC investigate itself after Gary Gensler dealt embarrassing blow in Bitcoin ETF debacle?
The SEC announced on X that it signed off on approval for a Bitcoin exchange for spot ETF approvals. Only it didn't happen. The SEC's X account was hacked and Gary Gensler had to retract
Inflation could 'whiplash' in 2024, 2025: Kenny Polcari
SlateStone Wealth chief market strategist Kenny Polcari reacts to Jamie Dimon saying high Fed rates may lead to a recession on 'The Big Money Show.'
Wall Street is in the middle of a tech bull market: Jeffrey Small
Arbor Financial President Jeffrey Small reveals which Big Tech stocks will outperform the market again in 2024 on 'Varney & Co.'
New crypto tech brings legal recourse to the blockchain
Chicago-based blockchain firm Jurat will debut technology on Tuesday that will allow for legal enforcement actions to be filed directly on the blockchain.
Spot Bitcoin ETF approval could happen this week: Steven McClurg
Valkyrie CIO Steven McClurg reacts to companies waiting for a Spot Bitcoin ETF ruling on 'The Claman Countdown.'
Apple has some 'very serious' issues: Jeff Sica
Circled Squared Investments founder Jeff Sica discusses whether Microsoft can take over Apple as the company with the biggest market cap on 'Varney & Co.'
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.