Wall Street can expect a 'Santa Claus' rally before end of year: Mark Avallone
Potomac Wealth Advisors President and founder Mark Avallone argues the stock market will rally despite disappointing Fed news on 'Varney & Co.'
Ramaswamy woos pro-crypto voters, says he’ll build new policy framework for digital assets
Vivek Ramaswamy said he has nearly completed his vision to regulate the $1 trillion crypto industry, and once he does, he will release it to the public as a so-called white paper.
Stanford University returning all gifts from FTX, spokesperson says
A spokesperson for Stanford University says the institution is working to return all the funds it received from bankrupt crypto exchange FTX and its affiliates.
Fed's 'hawkish hold' indicates a stronger-than-expected economy: Bob Doll
Crossmark Global Investments CIO Bob Doll discusses the health of the U.S. consumer and the Fed's soft landing goal on 'The Claman Countdown.'
FTX sues Sam Bankman-Fried's parents, seeking to claw back millions
Bankrupt crypto exchange FTX is suing the parents of founder and former CEO Sam Bankman-Fried in an attempt to recover millions of dollars the pair received from their son's company.
Interactive Brokers bets on Bitcoin with Zero Hash collaboration
Interactive Brokers founder and Chairman Thomas Peterffy discusses how his partnership with crypto infrastructure company Zero Hash will enhance trading on 'The Claman Countdown.'
Fed 'lost control,' trying desperately to be relevant again: Aswath Damodaran
NYU Stern School of Business professor of finance Aswath Damodaran and BlackRock U.S. Head of Thematics and Active Equity ETFs Jay Jacobs discuss IPO valuations and the impact of a stock launch on the ETF world.
Disney is a world-class asset trading at a discount: David Dietze
Peapack Private Wealth senior investment strategist David Dietze explains why Disney and Meta could be a good investment on 'The Claman Countdown.'
US economy is 'defying gravity' much to the Fed's surprise: Phil Camporeale
J.P. Morgan Asset Management managing director Phil Camporeale and Osaic chief market strategist Phil Blancato discuss the health of the economy ahead of the Fed's next interest rate decision on 'The Claman Countdown.'
Fed is hellbent on 2 percent inflation target: Jason Katz
UBS managing director and senior portfolio manager Jason Katz discusses how another round of Fed rate hikes could impact the stock market on 'Varney & Co.'
Quadruple witching Friday is what's stirring up the VIX: Ted Weisberg
Kelly Intelligence founder and CEO Kevin Kelly and Seaport Securities founder Ted Weisberg discuss what's driving the market selloff ahead of next week's Fed rate decision on 'The Claman Countdown.'
US recession is imminent, markets are weak: Jonathan Hoenig
Capitalist Pig hedge fund manager Jonathan Hoenig reveals where he is investing with a recession likely to strike the U.S. economy on 'Varney & Co.'
Top crypto state regulator to step down, headed to private sector
Peter Marton is to step down from his job at the New York State Department of Financial Services effective Sept. 29, according to an internal memo seen by FOX Business.
Recession is coming in 2024: Campbell Harvey
Duke University finance professor Campbell Harvey discusses the state of the U.S. economy and the Fed's interest rate strategy on 'The Claman Countdown.'
Creator of Mila Kunis-backed web series ‘Stoner Cats’ targeted by SEC over NFTs, will pay $1M penalty
The Securities and Exchange Commission says it has charged the creator of the animated web series “Stoner Cats" with “conducting an unregistered offering" of NFTs.
Biden is one of the reasons inflation is as sticky as it is: Adam Johnson
Bullseye American Ingenuity Fund portfolio manager Adam Johnson explains why the stock market is rising while inflation ticks up on 'Varney & Co.'
Binance.US CEO out as crypto exchange slashes third of its workforce
Cryptocurrency giant Binance's U.S. arm has let go a third of its workers and CEO Brian Shroder is no longer on the payroll as it struggles following a crackdown from regulators.
US consumer is getting annihilated by inflation: Jeff Sica
UBS managing director and senior portfolio manager Jason Katz and Circle Squared Alternative Investments CEO Jeff Sica discuss why hotter-than-expected August CPI data did not 'panic' markets on 'The Claman Countdown.'
Fed is very close to ending rate hikes: Tim Anderson
NYSE trader Tim Anderson discusses whether inflation is slowing on 'Cavuto: Coast to Coast.'
Cryptocurrency: Benefits, investments and more
Each cryptocurrency transaction is a unique exchange between two parties. There are many questions swirling about cryptocurrency and whether or not its a worthwhile investment.
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.