US economy is going to stay 'very hot': Ryan Payne
Payne Capital Management President Ryan Payne explains why it's a good time for investors to be bullish on the U.S. stock market.
Taylor Swift changed the entertainment industry: Jeff Sica
Circle Squared Alternative Investments founder Jeff Sica argues Taylor Swift's treatment of her employees has 'raised the bar' for CEOs on 'Varney & Co.'
Big Tech stocks are back after Fitch Ratings dip: R 'Ray' Wang
Constellation Research founder R 'Ray' Wang reveals which Big Tech stocks won't be selling off any time soon on 'Varney & Co.'
'Bitcoin Bonnie and Clyde' plead guilty to money laundering hacked crypto
A husband-and-wife team dubbed "Bitcoin Bonnie and Clyde" pleaded guilty Thursday to laundering money hacked from cryptocurrency exchange Bitfinex in 2016.
Amazon's acceleration warrants a big stock upgrade: Mark Mahaney
Evercore ISI senior managing director Mark Mahaney analyzes Amazon and Uber on 'Varney & Co.'
FTX founder Sam Bankman-Fried's lawyers blast 'innuendo, speculation, and scant facts' from prosecutors
Lawyers for disgraced FTX founder Sam Bankman-Fried said Tuesday that prosecutors are wrongly using "innuendo, speculation, and scant facts" to attempt to revoke their client's bail.
China trade is on in a big way, stocks could triple: Dutch Masters
Carnivore Trading CEO Dutch Masters analyzes China's economy and CBOE Chairman Ed Tilly discusses the options landscape on 'The Claman Countdown.'
Find crypto market clarity, certainty on the bitcoin 'path': Natalie Brunell
'Coin Stories' podcast host and bitcoin educator Natalie Brunell argues there's 'chaos and confusion' ahead when it comes to cryptocurrency regulation.
Bitcoin ETF approval will accelerate the crypto market: Anthony Pompliano
Pomp Investments founder Anthony Pompliano discusses the prospects of a Bitcoin spot ETF and whether crypto has rebounded from the FTX scandal on 'The Claman Countdown.'
States do not have the resources to regulate the crypto industry: Alex Sanchez
Florida Bankers Association President and CEO Alex Sanchez joins ‘Mornings with Maria’ to discuss the House Financial Services Committee’s recent push for a stable coin regulation bill.
FTX founder Sam Bankman-Fried remains out on bail as judge considers decision on detention
U.S. District Judge Lewis Kaplan held off Wednesday on making a final decision about whether Sam Bankman-Fried will stay out on bail or get returned to custody.
Bitcoin on track to challenge U.S. dollar?
Despite a recent dip, Draper Associates founder Tim Draper says bitcoin is beginning to separate itself from other cryptocurrencies and digital assets.
AI is a broad platform that can sustain for decades: Vinod Khosla
Khosla Ventures founder Vinod Khosla discusses whether A.I. hype is overshadowing Web 3.0 on 'The Claman Countdown.'
Cathie Wood's ARK drops more Tesla, Coinbase shares
Funds related to Cathie Wood’s ARK Invest dumped $14 million in Tesla stock and another $26 million in Coinbase shares, according to trade disclosures on Monday.
Crypto world celebrates ruling that secondary XRP sales are not securities
FOX Business’ Charlie Gasparino tells ‘The Claman Countdown’ that the judge’s ruling on XRP is ‘positive’ for retail investor holdings, but explains why the ruling gets ‘muddy and bizarre.’
Bitcoin ETFs give 'everyone on the planet' access: Dutch Masters
The Fitz-Gerald Group principal Keith Fitz-Gerald and Carnivore Trading CEO Dutch Master discuss bitcoin and big bank earnings on 'The Claman Countdown.'
Bitcoin is a hedge if the government system collapses: Kiana Danial
Invest Diva CEO Kiana Danial discusses the appeal of digital currencies on 'The Big Money Show.'
Founder of failed crypto lending platform Celsius Network arrested on fraud charges
Alexander Mashinsky, the former CEO and founder of Celsius Network, has been arrested on federal fraud charges. He is accused of misleading customers about key aspects of his company.
Ripple winning its SEC case an 'incredible event' for crypto: Brock Pierce
Bitcoin Foundation Chairman Brock Pierce discusses crypto regulation and reacts to the SEC losing its lawsuit against Ripple on 'Cavuto: Coast to Coast.'
Kevin O'Leary: 'Bidenomics' is screwing America's small businesses
O'Leary Ventures Chairman Kevin O'Leary discusses the impact of cooling inflation on the economy and weighs in on crypto's Binance crisis 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.