Weakening US economy is causing market 'sloppiness': Bob Doll
Crossmark Global CEO and CIO Bob Doll discusses whether the economy is about to slide into recession on 'Making Money.'
Coinbase CEO says company has donated $25M to vote anti-crypto politicians out of Congress
On Monday morning, the U.S.’s biggest crypto exchange Coinbase announced another $25 million donation to the pro-crypto super PAC Fairshake
Charles Payne: Investing can be simple if you let it
'Making Money' host Charles Payne empowers investors with the knowledge to invest in the right stocks.
Kevin O'Leary: 'I want to make TikTok wonderful again'
O'Leary Ventures Chairman Kevin O'Leary discusses TikTok suing the government, his plan to buy the platform, his outlook on crypto and the 'goals dysmorphia' trend.
Ripple Leads Political Push with Second $25M Donation to Crypto Super PAC
Ripple’s political push is part of a wider industry-led effort to make crypto voices heard in the upcoming November elections, which many participants believe could be a turning point in the maturation of the $2 trillion crypto industry.
Former FTX exec Ryan Salame sentenced to 7.5 years in prison
Former FTX Digital co-CEO Ryan Salame has been sentenced to 90 months behind bars after pleading guilty to two federal counts of conspiracy.
Sen. Cynthia Lummis: Why are we not more focused on the hostages?
Sen. Cynthia Lummis, R-Wyo, on the developments in the Israel war, the strides she's making in Congress to provide more insight into the crypto industry and the importance of American energy independence.
Fed's first rate cut may disrupt the stock market rally: Jason Katz
UBS managing director and senior portfolio manager Jason Katz explains why the Fed's first interest rate cut will be negative for stocks on 'Varney & Co.'
Nvidia's 'dramatic move' makes the stock more appealing: Kenny Polcari
'SlateStone Wealth chief market strategist Kenny Polcari analyzes Nvidia and explains the impact of higher interest rates on gold on 'Varney & Co.'
Former Fed official's bank set to receive rare master account approval, raising eyebrows
Numisma, a small bank founded by former Fed official Randal Quarles, received conditional approval for a master account, a highly sought-after service denied to most uninsured institutions.
House votes to block Federal Reserve from creating own digital currency
The House of Representatives voted to pass a bill blocking the Federal Reserve from creating a central bank digital currency.
FTX’s Sam Bankman-Fried being transferred to new prison
In March, Sam Bankman-Fried was sentenced to 25 years in prison for committing what prosecutors called one of the largest financial frauds in U.S. history.
SEC asks exchanges to fine-tune ether ETF filings in positive sign for approval, say sources
The SEC must decide whether to approve applications filed by CBOE to list ether ETFs provided by VanEck and ARK Investments/21Shares by the end of this week.
SEC signals possible approval of anticipated Ethereum spot ETFs
The Securities and Exchange Commission is moving closer to approving a highly anticipated 'spot' Ethereum exchange-traded fund as soon as this week which would bolster crypto's credibility
White House is against crypto because it creates decentralization: Rep. Tom Emmer
Rep. Tom Emmer, R-Minn., discusses new legislation to protect Americans' digital currency privacy on 'Making Money.'
Nvidia's 'ultimate fireworks' will begin at the end of 2024: Beth Kindig
I/O Fund lead tech analyst Beth Kindig discusses expectations for Nvidia's earnings report on 'Making Money.'
Stuart Varney: Jealousy and rich-bashing never go out of style with socialists
'Varney & Co.' host Stuart Varney discusses the latest effort by Sens. Elizabeth Warren and Bernie Sanders to tax the rich.
Brothers arrested in alleged $25M crypto fraud scheme: DOJ
A pair of brothers from New York and Boston have been arrested by federal authorities for allegedly exploiting the ethereum blockchain to steal $25 million from crypto traders.
Trump became country's 'first crypto president' during first year in office, former CFTC regulator says
The crypto industry, determined to make its voice heard in the election, raised more than $100 million through super PACs, with firms like Ripple and Coinbase giving large donations.
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.
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.