NYC police search for suspects in cash-for-crypto deal gone bad
The NYPD is on the hunt for three suspects allegedly involved in robbing and beating a man in a Manhattan hotel last month in what the victim believed was a cash-for-crypto deal.
FTX says it can repay most customers all funds
FTX said that 98% of FTX customers will receive at least 118% of their claims, and others will receive 100% plus billions of dollars in compensation for the time value of their money.
Netflix Tom Brady roast hits FTX loss and Gronk
During the roast of Tom Brady on Netflix over the weekend, the former NFL quarterback took several hits over his connection with now-bankrupt crypto exchange FTX.
Biden is allowing violence to erupt on college campuses: Rep. Nancy Mace
Rep. Nancy Mace, R-S.C., discusses why far-left colleges tolerate antisemitism on 'Making Money.'
Surge in fraud for those 60 or older costs them billions, FBI says
The FBI's report on fraud schemes targeting the elderly found that Americans over 60 lost more than $3.4 billion to scams in 2023, with tech support and data breaches the most common.
New court filings show SEC, Chair Gensler believed ethereum was a security for at least a year
Consensys filed a lawsuit against the Securities and Exchange Commission claiming the agency is attempting an unlawful power grab by seeking to classify ethereum as a security.
Sen. Warren challenger goes to bat for Coinbase, crypto industry in SEC lawsuit
US Senate candidate and attorney John Deaton filed an amicus brief in the Southern District of New York in support of crypto exchange Coinbase in its legal battle against the SEC
Charles Payne's keys to finding 'massive' market opportunity
'Making Money' host Charles Payne breaks down what it means to be an 'unbreakable investor.'
Coinbase dunks on traditional payment methods in $15M NBA ad spend
Three separate ads from the cryptocurrency company Coinbase will be aired during the NBA playoffs starting Wednesday, with pizza taking a starring role.
Fed is trying to back off the number of 'priced in' rate cuts: Nancy Davis
Quadratic Capital Management founder Nancy Davis discusses the overall stability of the U.S. financial system on 'Making Money.'
Bitcoin holds steady after completing fourth-ever halving
Bitcoin completed its fourth-ever halving on Friday with prices remaining relatively stable through the weekend but below the all-time highs bitcoin reached in mid-March.
UFC star Renato Moicano looks to Bitcoin as defense against 'tyrant state,' inflation
Mixed martial artist Renato Moicano explains why he studied the Austrian School of Economics after joining the UFC.
Biden administration has been ‘behind the 8 ball’ on crypto: Brad Garlinghouse
Ripple CEO Brad Garlinghouse joins ‘Mornings with Maria’ to weigh in on the cryptocurrency market, arguing that the market will double in size by the end of 2024.
UFC star Renato 'Money' Moicano praises American values: I love the Constitution
Mixed martial artist Renato Moicano explains his fascination with Austrian economics and shares his love for America on 'Making Money.'
Bitcoin is the digital version of gold: Anthony Pompliano
Pomp Investments investor Anthony Pompliano argues Bitcoin will eventually be more valuable than gold on 'Making Money.'
Bitcoin peaked, investors should sell now and buy gold: Peter Schiff
Coin Stories podcast host Natalie Brunell and Euro Pacific Capital chief economist Peter Schiff debate the value of Bitcoin as gold hits a record high price on 'Making Money.'
Charles Payne: Gold's 'historic' move tells you something is wrong
'Making Money' host Charles Payne discusses what the rise in the price of gold price says about the state of the U.S. economy.
Why is the Fed determined to cut rates if everything is so good?
Hilltower Resource Advisors CEO and chief market strategist Tracy Shuchart explains why investors are loading up gold on 'Making Money.'
We have become ‘addicted’ to 0% interest rates: Scott Shellady
RFD-TV's The Cow Guy Scott Shellady joins ‘The Big Money Show’ to weigh in on the U.S.’s growing average gas prices, cryptocurrency and the Federal Reserve’s highly anticipated rate decision.
A stock market 'bargain' is still coming: Kenny Polcari
SlateStone Wealth chief market strategist Kenny Polcari discusses what market headwinds could hurt the U.S. economy 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.