SEC can’t deny ‘huge’ crypto demand, ‘new asset class’: Chamber of Digital Commerce CEO
Chamber of Digital Commerce founder and CEO Perianne Boring breaks down the SEC’s record of refusing to approve companies’ bitcoin ETFs.
Companies are not re-investing because of climate concerns: Expert
Peapack Private Wealth Management Managing Principal David Dietz provides insight on investing in the stock market and cryptocurrency on 'Making Money.'
Cathie Wood predicts 'major downside surprises' in inflation in the next 3 to 6 months
Ark Invest CEO and CIO Cathie Wood discusses the Fed, her inflation outlook, investments and cryptocurrencies in a wide-ranging interview on 'Mornings with Maria.'
Investors can ‘position’ portfolio around market uncertainty, investment analyst says
Etoro U.S. investment analyst Callie Cox shares investing trends in the markets and discusses the role media plays on individual investors.
Elon Musk $258B Dogecoin lawsuit adds plaintiffs
An amended complaint says billionaire Tesla CEO Elon Musk and his companies allegedly drove up the value of Dogecoin in a pyramid scheme.
Ryan Cohen missing from GameStop earnings call; no Bed Bath & Beyond mention
Ryan Cohen did not speak on GameStop's earnings call Wednesday as the video game retailer announced its financial results for the second quarter of 2022.
Will ethereum merge crash or ignite the crypto market?
Bitcoin Depot founder CEO Brandon Mintz explains how his technology is keeping crypto transactions safe and assesses how risky the ethereum upgrade is on 'The Claman Countdown.'
Crypto firm erroneously sent woman $7 million+ 'refund'
The cryptocurrency exchange company Crypto.com erroneously sent an Australian woman over $10 million AUD instead of a $100 refund, according to a legal document.
Prices don't tell the real crypto story, adoption is happening: John Wu
Ava Labs president John Wu discusses when real-world adoption of crypto will occur and how government oversight is impacting the retail investor on 'The Claman Countdown.'
Snapchat makes 'deep' staffing cut to ‘weather’ the economic storm: Tech analyst
CoinDesk chief of staff Pete Pachal provides expert analysis of the cryptocurrency market and weighs in on social media platform Snapchat's recent staffing cut.
Bitcoin is a ‘narrative-driven’ asset: CoinDesk chief of staff
CoinDesk chief of staff Pete Pachal provides an analysis of the volatile economic landscape of the cryptocurrency market amid high inflation rates on ‘Mornings with Maria.’
Washington DC attorney general suing ex-MicroStrategy CEO Michael Saylor for alleged tax fraud
Washington, D.C.'s attorney general has filed a lawsuit against billionaire Michael Saylor and his former company MicroStrategy for tax fraud.
Cryptocurrency fraud prevention: House panel calls on regulators to explain how they're protecting consumers
Regulators are being asked by a House oversight committee to respond with what is being done to prevent people from being taken in cryptocurrency scams.
Bitcoin Foundation's Bruce Fenton on crypto prices: 'I'm still bullish'
The Bitcoin Foundation board member Bruce Fenton shares insight into the cryptocurrency's future and his thoughts on crypto regulation.
Now-bankrupt crypto lender Celsius sues former asset manager for supposed theft
Celcius Network LLC, which went bankrupt last month, is suing its former asset manager for apparently stealing millions of dollars in assets and covering his tracks using Tornado Cash.
Market is on sale, long-term investors should not be 'nervous': Polcari
SlateStone Wealth chief market strategist Kenny Polcari and Revere Securities CCO Scott Fullman discuss where investors can find opportunity in a volatile stock market on 'The Claman Countdown.'
Bitcoin: Is social media cryptocurrency's pitfall?
Naomi Brockwell provides insight on investing in cryptocurrency and Tracy Shuchart takes on the energy sector on 'Making Money.'
Gary Gensler's gross SEC overreach
Lawyer John Deaton, amici curiae in the landmark SEC vs. Ripple case weighs in on Gary Gensler's ruling iron fist when it comes to cryptocurrency regulation.
FDIC requires banks to flag any crypto business
Overline Blockchains CEO Patrick McConlogue joined 'Kennedy' to weigh in on whistleblower claims the Federal Deposit Insurance Corporation is colluding with banks to stifle legitimate crypto businesses.
World Bank's IFC backs blockchain project for trading carbon offsets
World Bank's International Finance Corp is backing blockchain platform Chia Network, which allows users to trade carbon offsets, in hopes of shining light on eco-friendly projects.
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.