SEC Chair Gary Gensler is damaging our country: Tim Draper
Venture capitalist Tim Draper responds to SEC Chair Gary Gensler calling the crypto industry 'scam artists' and 'fraudsters' on 'The Claman Countdown.'
Cryptocurrencies drop following week of regulatory crackdown
Bitcoin and Ethereum lost at least 3% Saturday morning following a week that saw two exchanges sued by the SEC and another delist several tokens.
Names of collapsed cryptocurrency FTX customers can remain secret, bankruptcy judge rules
A bankruptcy judge ruled Friday that defunct cryptocurrency exchange FTX can permanently redact the names of its former customers, saying they could be victimized by scammers.
Binance.US suspends USD deposits after regulators crackdown
Binance.US, an arm of the world's largest crypto exchange, announced on Thursday in a tweet, that it would be suspending U.S. dollar deposits.
Coinbase needs new CEO after SEC fail: Kevin O'Leary
Investor and Shark Tank star Kevin O’Leary says he’d get rid of Coinbase CEO Brian Armstrong and find someone willing to work with the Securities and Exchange Commission.
Sen. Bill Hagerty: US financial regulators trying to push digital innovation off shore
Sen. Bill Hagerty, R-Tenn., discusses the Democrats' climate change messaging amid Canadian wildfires, SEC being accused of killing the crypto industry and China allegedly planning spy base in Cuba.
Kevin O'Leary applauds PGA-LIV Golf merger promoting competition: 'Bring it on in tennis, soccer, Formula 1'
O'Leary Ventures Chairman and 'Shark Tank' star Kevin O'Leary discusses market impact from the PGA and LIV Golf merge and the SEC suing Coinbase.
Senate Democrats ask DOJ to investigate Binance statements to lawmakers
Sens. Elizabeth Warren and Chris Van Hollen asked the Justice Department to investigate crypto exchange Binance about whether it made false statements to U.S. lawmakers.
Kevin O'Leary: Binance is facing 'really serious' charges
O'Leary Ventures Chairman Kevin O'Leary discusses his plans to build an oil refinery and reacts to the SEC's lawsuits against crypto exchanges Binance and Coinbase on 'The Claman Countdown.'
Binance, Coinbase CEOs' fortunes take hit after SEC crypto lawsuits
Binance CEO Changpeng Zhao and Coinbase Chief Executive Brian Armstrong have lost money since the SEC filed lawsuits against both companies earlier this week.
Yellen says more crypto regulation 'would be appropriate'
Treasury Secretary Janet Yellen said on Wednesday that regulation "would be appropriate" in the crypto industry and she supports regulatory oversight.
Does Gary Gensler want to end cryptocurrency?
FOX Business' Charlie Gasparino explains how the SEC views digital coins on 'The Claman Countdown.'
SEC suing Coinbase, Binance could accelerate crypto adoption outside US: Anthony Pompliano
Pomp Investments investor Anthony Pompliano discusses whether the SEC's lawsuits against Coinbase and Binance are the kill shot for crypto on 'The Claman Countdown.'
SEC's crypto lawsuits are designed to erode confidence: Charles Payne
'Making Money' host Charles Payne joins 'The Big Money Show' to react to the SEC suing crypto exchange Coinbase and discusses Sen. Tim Scott's appearance on 'The View.'
SEC sues Coinbase, says crypto exchange never registered as a broker
The SEC is suing Coinbase Inc., accusing the cryptocurrency exchange of never registering with the regulator and for operating as an unregistered broker.
Crypto exchange Binance, CEO hit with charges in SEC lawsuit
Binance and the cryptocurrency exchange's CEO were collectively hit on Monday morning with numerous charges from the Securities and Exchange Commission.
2024 election is primed for a third-party candidate: Brock Pierce
Bitcoin Foundation Chairman Brock Pierce discusses why business executives run for public office on 'Cavuto: Coast to Coast.'
'Crypto Twitter' heats up ahead of the 2024 election
Crypto Twitter has gained a lot of players as the Elon Musk-owned platform became a place where people can discuss it openly. Many think it will play a role in the 2024 election.
Mooney unveils bill to block central bank digital currency pilot program
Rep. Alex Mooney introduced the Digital Dollar Pilot Prevention Act on Thursday in the latest effort to block a central bank digital currency from being issued in the U.S.
Prosecutors argue against dismissing Sam Bankman-Fried's criminal charges
Prosecutors urged a federal court judge to deny FTX founder Sam Bankman-Fried's request to dismiss criminal charges filed over allegations he stole from customers.
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.