Crypto crash likened to dot-com bubble: Expert
IDX Digital Assets CIO Ben McMillan weighs in on the crypto crash and companies laying off workers due to the sell-off.
Rising inflation, slowing growth ‘challenging environment’: Expert
Cornerstone Wealth chief investment officer Cliff Hodge weighs in on the risk of a recession and the Federal Reserve’s upcoming meeting.
Bitcoin has never been more secure than it is today: Pompliano
Pomp Investments founder Anthony Pompliano reacts to the cryptocurrency meltdown on 'The Claman Countdown.'
Be ready for a 'massive' short squeeze at any moment: Market expert
Chamber of Digital Commerce CEO Perianne Boring provides insight on cryptocurrency and Simpler Trading director of options Danielle Shay provides insight on the stock market on 'Making Money.'
Coinbase CEO tells unhappy employees to 'quit and find a company you believe in'
Coinbase CEO Brian Armstrong has a strong message for disgruntled employees pushing for leadership changes at the cryptocurrency exchange.
Bitcoin plunges below $24K as headwinds mount
Bitcoin, the world's largest cryptocurrency, is well off its all-time high of $68,990.90 per coin hit in 2021.
Jack Dorsey, Jay-Z's Bitcoin Academy to teach financial literacy to residents of Brooklyn housing project
Jay-Z is looking to bring financial literacy to the Brooklyn, New York housing project where he grew up with the help of Twitter co-founder and Block CEO Jack Dorsey.
Inflation takes bite out of cryptos
Bitcoin and other cryptocurrencies continued a wide-ranging decline over the weekend following Friday's release of the latest inflation data reaching a new 40-year high.
Ice Cube, BIG3 launch 'first of its kind' NFT with unique benefits for fans
Rapper, actor and BIG3 founder Ice Cube discusses the impact of the crypto crash on his new NFT token and Elon Musk's Twitter bid on 'Maria Bartiromo's Wall Street.'
Market is nowhere near the bottom: Expert
Key Advisors Group LLC co-owner Eddie Ghabour weighs in on the risk of a recession.
Investment in cryptocurrency ‘haven’t slowed’: FTX US President
Brett Harrison, the president of FTX US, a U.S.-regulated cryptocurrency exchange, discusses the market volatility at the Consensus Conference. FOX Business’ Susan Li with more.
Crypto regulation could provide an economic boom akin to the internet: Perianne Boring
Chamber of Digital Commerce founder discusses cryptocurrency legislation on ‘The Claman Countdown.’
Ice Cube ‘reimagines’ BIG3 crypto experience with new NFT, Snoop Dogg ownership
BIG3 founder Ice Cube says crypto's "worst day" in history forced the basketball league to reimagine its NFT experience for fan ownership with a new "FEAT" token.
Crypto billionaire urges clarity on industry regulation
Cryptocurrency billionaire Brock Pierce weighed in on the need for "sensible regulation" following recent events, including the "implosion" of stablecoins.
Ice Cube: ‘Worst day in cryptocurrency history’ caused BIG3 NFT re-launch
Rapper, actor and BIG3 founder Ice Cube says the basketball league had to push back its initial NFT minting due to ‘the worst day in cryptocurrency history’ on Mother’s Day.
Crypto legislation introduced to create regulatory framework for digital assets
Bitcoin Foundation Chairman Brock Pierce weighs in on the new legislation and argues that 'sensible regulation' is needed.
Ice Cube ‘reimagines’ BIG3 ownership with new NFT, ‘Forever Experience Action Token’
Rapper, actor and BIG3 founder Ice Cube details the upcoming release of the basketball league’s FEAT NFT, giving fans ownership and exclusive access to teams starting June 10.
Crypto billionaire on proposed 'sensible regulation'
Bitcoin Foundation Chairman Brock Pierce argues crypto is at the forefront of experiencing 'pains,' but that it will result in living in a more secure future.
Sen. Lummis details framework for cryptocurrency regulation bill
Sen. Cynthia Lummis, R- Wyo., discusses how she teamed up with Sen. Gillibrand to create a regulatory framework for cryptocurrency.
Crypto falls amid new bipartisan regulation bill
Domain Money CEO Adam Dell weighs in on the bipartisan cryptocurrency bill on ‘Cavuto: Coast to Coast.’
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.