Ro Khanna crypto roundtable seeks industry inroads for White House and Democrats
Rep. Ro Khanna is hosting a roundtable meeting of crypto industry experts and enthusiasts in an attempt to stave off a bid by Donald Trump who has embraced the industry.
Trump tariffs will have a deflationary impact: Jeff Sica
Circle Squared Alternative Investments founder Jeff Sica pushes back on the belief that Trump's China tariffs will create inflation on 'Varney & Co.'
America has been stuck in crypto 'vacuum': Caroline Pham
Commodity Futures Trading Commissioner Caroline Pham details 'the first order of business' to build a regulatory framework around cryptocurrency.
Coinbase sues SEC, FDIC for information relating to crypto regulation
The move comes following the exchange’s attempts to retrieve information through the FOIA regarding three SEC investigations into crypto firms and entrepreneurs between 2018 and 2024.
Crypto industry cheers Bowman loss, Curtis victory in key election primaries
The respective primary races of Reps. Jamaal Bowman, D-N.Y., and John Curtis, R-Utah, have attracted interest from voters who are eager to see lawmakers with friendly views toward crypto elected to Congress.
Republican congressman leads charge on return of Binance exec detained in Nigeria
Nigeria’s problem with Binance stems from the economic crisis it’s experiencing, due in part to massive inflation that has devalued its native currency.
Bitcoin is 'going to explode much higher': Michael Lee
Michael Lee Strategy founder Michael Lee offers positive predictions for cryptocurrency and details 'more room' to capitalize on market movers.
50 Cent's X account hacked by culprit who made millions in cryptocurrency scheme
Rapper 50 Cent wrote on Friday that his X account was hacked into by a criminal who promoted a crypto token called $GUNIT, as part of a $3 million pump-and-dump scheme.
Stress on the US consumer could lead to multiple Fed rate cuts in 2024: Brenda O'Connor Juanas
UBS Wealth Management Senior Vice President Brenda O'Connor Juanas and Strategic Wealth Partners President Mark Tepper analyze the crypto market and discuss the Fed's rate cut plan on 'Mornings with Maria.'
Half of America desperately needs a Fed rate cut right now: Charles Payne
'Making Money' host Charles Payne and 'The Claman Countdown' host Liz Claman preview the first presidential debate and discuss Fed rate cuts on 'The Big Money Show.'
Is Trump launching a crypto token? Industry scrutinizes 'Trump Coin'
Many industry participants regard themselves as single-issue voters, potentially making the crypto vote pivotal in the coming presidential election, some analysts say.
Elon Musk's $56B pay package is not a done deal: Kenny Polcari
SlateStone Wealth chief market strategist Kenny Polcari reacts to Tesla shareholders voting to reinstate Elon Musk's pay package on "Varney & Co.'
Trump backs Bitcoin as defense against foreign adversaries, centralized digital currency
Former President Trump called Bitcoin a key route to energy dominance, as well as the "last line of defense" against a centralized digital currency controlled by the U.S. government.
Do not invest in Microsoft, Nvidia, or Apple: Jonathan Hoenig
Capitalist Pig Hedge Fund manager Jonathan Hoenig names his favorite 'old-school value stock' on 'Varney & Co.
GameStop reports 29% sales decline after $32 million loss in 1Q
SlateStone Wealth chief market strategist Kenny Polcari analyzes the May jobs report and GameStop on 'Varney & Co.'
Robinhood expands crypto efforts with $200M purchase of Bitstamp
Robinhood Markets revealed Thursday it will purchase Bitstamp, saying it expects to pay about $200 million in cash to become the cryptocurrency exchange's new owner.
AI-fueled rally will heat up toward the end of 2024: D.R. Barton
Woodshaw Financial Group Principal D.R. Barton discusses which A.I. stocks investors should be looking to buy on 'Varney & Co.'
Linkage between Russia, China is 'not good' for the West: Rep. French Hill
Rep. French Hill, R-Ark., on Vladimir Putin's threat to provide weapons to countries targeting Western nations, Israel's new offensive in Gaza amid cease-fire talks and the House passing his FIT21 bill.
House Republicans demand return of crypto executive detained by Nigerian government
Tigran Gambaryan, an executive with Binance, was arrested by the Nigerian government in February, after meeting with them to discuss the exchanges compliance issues within the country
Gary Gensler is the exact opposite of consistency when it comes to crypto: Paul Grewal
Coinbase chief legal officer Paul Grewal explains why the cryptocurrency exchange donated $25 million to vote anti-crypto politicians out of Congress on 'The Big Money Show.'
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.