Sam Bankman-Fried tweets away while under house arrest
Disgraced FTX founder Sam Bankman-Fried is not staying quiet while under house arrest, using Twitter to weigh in as he awaits trial on several federal charges.
FTX scandal rocks Florida school district; victims may include high school teens
The mystery of how former FTX CEO Sam Bankman-Fried went from saint to sinner may never be fully answered, but it continues to stun people, including his colleagues in the crypto industry.
Marc Litt on Madoff-Sam Bankman-Fried parallels: ‘Fraud is fraud’
Marc Litt, lead deputy U.S. attorney in the criminal investigation of Bernie Madoff, compares the similarities and differences between Madoff’s Ponzi scheme and Sam Bankman-Fried’s FTX collapse.
Jamie Dimon mocks crypto, says it’s a ‘pet rock’
JPMorgan Chase CEO Jamie Dimon voiced his dislike of cryptocurrency in a CNBC interview Thursday. He called it a "pet rock" and said it "doesn't do anything."
FTX cryptocurrency jumps more than 35% after CEO John Ray says bankrupt crypto exchange may restart
FTX's FTT token surged in value Thursday morning after the Wall Street Journal published an interview in which CEO John Ray III said the bankrupt crypto exchange may restart.
Bitzlato cryptocurrency founder arrested, accused of illegal money transfers worth hundreds of millions
A Russian national who founded a crytpcurrency exchange was arrested Tuesday in Miami and is accused of evading U.S. financial regulations and permitting illicit financial transactions on his platform.
GOP willing to play 'game of chicken' to cut Biden's 'unprecedented' spending: Rep. Andy Ogles
Tennessee Republican Rep. Andy Ogles discusses the likelihood of a government shutdown and efforts to regulate the cryptocurrency market on 'Cavuto: Coast to Coast.'
Coinbase halting operations in Japan a week after laying off hundreds of employees
Coinbase will stop its operations in Japan due to market conditions after announcing the company would layoff 950 employees to reduce operating expenses.
FTX says hackers stole $415M after cryptocurrency exchange filed for bankruptcy
FTX met with debtors on Tuesday and reported that approximately $415 million in customer funds had been stolen shortly after the company filed for bankruptcy last November.
Crypto's 'direction of travel' is 'very positive': Brad Garlinghouse
Ripple CEO Brad Garlinghouse joined 'Mornings with Maria' to discuss the crypto industry, the calls for industry regulation, and reacts to bitcoin's recovery of its losses from the FTX collapse.
US cut China out of chip trade, forcing competition to buy American: Luke Rahbari
Carnivore Trading CEO Dutch Masters and Equity Armor Investments CEO Luke Rahbari discuss which chipmakers investors should be buying and if crypto will rebound in 2023 on 'The Claman Countdown.'
Brutal year for bitcoin and almost $3B in crypto hacks marked 2022: report
Bitcoin is up over 25% in the past two weeks after dropping 64% in 2022, though questions remain about whether the virtual currency can find long-term support at those levels.
Central-bank digital currencies are coming—whether countries are ready or not
Central-bank digital currencies could lead to big changes in the most basic activity of any banking system: making and distributing money.
'Mild recession' will tip to 'deep recession' when unemployment spikes: Kenny Polcari
SlateStone Wealth chief market strategist Kenny Polcari and Bubbatrading.com chief strategist Todd Horowitz discuss the odds of a U.S. recession and the crypto trade in 2023 on 'The Claman Countdown.'
Bitcoin has long-term value: Sven Henrich
Northmantrader.com founder Sven Henrich provides insight on investing in cryptocurrency on 'Making Money.'
Founders of bankrupt Three Arrows Capital plan trading platform for distressed crypto debt
Su Zhu, co-founder of Three Arrows Capital, now bankrupt hopes to raise $25 million in seed money for an exchange to handle FTX's and others' distressed crypto assets.
Economic 'tsunami' looking more like a 'severe tropical storm': Jason Katz
UBS managing director Jason Katz reacts to bank CEOs calling for a 'mild recession' as inflation cools on 'Varney & Co.'
Bitcoin on a roll to start the new year
After a dismal year in 2022, bitcoin has started off the new year gaining 24%, while rising in 13 of the last 15 days.
Crypto.com cuts 20% of staff, citing economic hurdles and FTX collapse
Crypto.com cuts hundreds of workers in the wake of rival FTX's collapse. A lack of faith in future cryptocurrency markets has sent valuations tumbling.
BlackRock CEO Larry Fink: 'High probability' US enters recession
BlackRock chairman and CEO Larry Fink discusses how close the economy is to a recession and how Washington's bickering over the debt ceiling could harm the United States on 'The Claman Countdown.'
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.