The crypto word is about decentralization: SEC commissioner Hester Peirce
SEC commissioner Hester Peirce reacts to the collapse of FTX on 'Kudlow.'
Where did the money go in FTX crypto collapse?
The collapse of crypto firm FTX and former CEO Sam Bankman-Fried's arrest has left many wondering where the money went.
John Carney questions timing of charges against SBF: 'This was very unusual'
Breitbart Economics and Finance editor John Carney and former acting Council of Economics Advisers chair Tomas Philipson weigh in on the charges against former FTX CEO Sam Bankman-Fried, the future of cryptocurrency and inflation rates on 'Kudlow.'
Kevin McCarthy on FTX scandal: We need to know where this money went
California Republican Rep. Kevin McCarthy on FTX founder Sam Bankman-Fried being indicted on eight criminal charges.
The SEC went after the lowest hanging fruit: Sarah Kunst on FTX scandal
Financial experts John Deaton, Lida Braganca and Sarah Kunst react to FTX founder Sam Bankman-Fried being charged with fraud on 'Making Money.'
Sam Bankman-Fried's 'outright fraud' has no place in crypto: Dave Ripley
Kraken incoming CEO Dave Ripley discusses what the FTX scandal means for the future and reputation of crypto exchanges on 'The Claman Countdown.'
Sam Bankman-Fried, FTX founder, charged with fraud, money laundering
The Justice Department discloses the charges against Sam Bankman-Fried, the disgraced founder of cryptocurrency exchange FTX.
FTX founder Sam Bankman-Fried issued himself millions in loans using company money: CEO
Disgraced FTX founder Sam Bankman-Fried gave himself personal loans from his hedge fund Alameda Research for unknown purposes, according to FTX CEO John Ray III.
FTX CEO blames 'grossly inexperienced' owners for collapse, says customer money funded risky Alameda trades
FTX CEO John Ray III told House lawmakers that the "grossly inexperienced and unsophisticated individuals" running the company had absolute control over customers' funds, which they lost.
What is the likelihood FTX investors will get their money back?
Bittrex head of litigation and regulatory affairs David Maria discusses the timing of Sam Bankman-Fried's arrest and the impact the collapse will have on FTX investors.
Dem, GOP reps react to timing of Bankman-Fried arrest right before House hearing: 'It's very frustrating'
Members of Congress from both parties were upset that Samuel Bankman-Fried was arrested less than 24 hours before he was supposed to give testimony before a House committee.
FTX founder Sam Bankman-Fried issued himself loans using company money: CEO
FTX CEO John Ray testified Tuesday that founder Sam Bankman-Fried issued himself loans using company money, part of more than $1 billion in loan disbursements to "insiders," Ray said.
Biden administration 'wants' to see the border open: Sean Duffy
'The Bottom Line' co-host Sean Duffy discusses the Biden administration's handling of the U.S. southern border, Sam Bankman-Fried's arrest and his new show 'The Bottom Line' on FOX Business.
Stuart Varney: Sam Bankman-Fried built a house of cards using customer funds like his personal piggy bank
FOX Business' Stuart Varney discusses the arrest of FTX founder Sam Bankman-Fried as he was expected to testify on the collapse of the cryptocurrency exchange company
FTX CEO blames 'grossly inexperienced and unsophisticated individuals' for collapse
FTX CEO John Ray testified Tuesday before the House Financial Services Committee, blaming "grossly inexperienced and unsophisticated individuals" like founder Sam Bankman-Fried.
Stuart Varney: Sam Bankman-Fried built a house of cards, used customer funds like his own piggy bank
FOX Business host Stuart Varney argues Sam Bankman-Fried testimony would have revealed the true nature of a 30-year-old guy who ran a gigantic Ponzi scheme.
Federal prosecutors charge FTX founder Bankman-Fried with 8 counts of conspiracy, fraud
Former FTX CEO and co-founder Samuel Bankman-Fried has been charged with eight counts of conspiracy and fraud in federal court in New York, according to an indictment.
SEC charges Bankman-Fried for alleged 'massive, years-long fraud'
The SEC has filed charges against Samuel Bankman-Fried, for allegedly "orchestrating a massive, years-long fraud" involving cryptocurrency trading platform FTX.
Sam Bankman-Fried's FTX brought us crypto's Madoff moment. SEC should use its power to protect consumers
The debacle surrounding the collapse of FTX and Sam Bankman-Fried's leadership could have been avoided if the SEC's Consumer Protection Rule had been adhered to.
What Sam Bankman-Fried's arrest means for the FTX House hearing
Rep. Barry Loudermilk, R-Ga., discusses Sam Bankman-Fried's arrest and the House GOP pushing for a Twitter investigation amid release of the 'Twitter files.'
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.