Maxine Waters seems to have a 'soft spot' for Sam Bankman-Fried: Rich Rosenblum
GSR co-founder and President Rich Rosenblum discusses Rep. Maxine Waters praising Sam Bankman-Fried for media interviews following FTX collapse and Binance investigating hacks affecting cryptocurrency tokens.
Maxine Waters praises FTX founder Bankman-Fried for 'candid' interviews after billions go missing
Rep. Maxine Waters spoke highly of FTX founder Sam Bankman-Fried after the disgraced financier gave a series of interviews the congresswoman called "candid."
Sam Bankman-Fried says he will testify before House when he's 'finished learning and reviewing what happened'
Former FTX CEO Sam Bankman-Fried said on Sunday that he will testify before Congress when he's "finished learning and reviewing what happened."
FTX collapse is 'entertaining’ and ‘horrifying’: Brock Pierce
Bitcoin Foundation Chairman Brock Pierce weighs in on Sam Bankman Fried’s decision to do a televised interview following the downfall of his cryptocurrency exchange platform.
FTX investor: Mainstream media shouldn't give Sam Bankman-Fried a stage
FTX investor Evan Luthra joins 'The Evening Edit' to share his reaction to Sam Bankman-Fried's interview with The New York Times.
Ex-FTX boss Sam Bankman-Fried denies illegal drug use at company
FTX founder Sam Bankman-Fried denied witnessing any illegal drug use by his employees and said he had been prescribed "various things" to help with concentration.
Ex-crypto boss Sam Bankman-Fried slammed for committing ‘pure and simple, good old-fashioned fraud’
Sen. Cynthia Lummis joined the growing chorus of voices calling for disgraced crypto investor Sam Bankman-Fried to be investigated for "good old-fashioned fraud."
Crypto running 'unchecked' is causing financial distress: Sen. Cynthia Lummis
Sen. Cynthia Lummis, R-Wym., discusses Congress getting involved in the rail union debacle, FTX founder Sam Bankman-Fried's remarks at the NY Times Dealbook Summit and the 'Responsible Financial Innovation Act.'
Media is giving Sam Bankman-fried a platform to further ‘manipulate’ the public: Perianne Boring
Chamber of Digital Commerce founder and CEO Perianne Boring discusses the latest news emerging from the historic collapse of cryptocurrency exchange platform FTX on ‘Mornings with Maria.’
Rep. Warren Davidson 'stunned' Sam Bankman-Fried is 'not in custody'
Rep. Warren Davidson, R-Ohio, slams Gary Gensler's SEC for 'failing' to properly address crypto in the securities sector.
FTX blowout puts CFTC head in crosshairs
Attention has turned to Commodity Futures Trading Commission Chairman Rostin Behnam amid the collapse of FTX as he prepares to face lawmakers Thursday.
FTX's Sam Bankman-Fried appears to shift blame in NYT interview
IDX Digital Assets CIO Ben McMillan discusses FTX founder Sam Bankman-Fried's interview with The New York Times on 'The Evening Edit.'
Bitcoin is the safest cryptocurrency: Layah Heilpern
Bitcoin expert Layah Heilpern joined 'Kennedy' to discuss the strength of cryptocurrency after the collapse of FTX.
FTX founder Sam Bankman-Fried took questions about company collapse: 'We messed up big'
Sam Bankman-Fried took questions at the DealBook Summit on Wednesday regarding the collapse of FTX, the now-bankrupt cryptocurrency exchange he founded.
Ex-FTX boss Bankman-Fried speaks at NYT event
Tennessee Sen. Marsha Blackburn shares her thoughts on the FTX collapse and the fintech industry on ‘Fox Business Tonight.’
BlackRock's Fink says crypto technology still relevant despite FTX
Larry Fink, CEO of BlackRock, blames FTX's collapse on "misbehaviors" not on cryptocurrency itself. Says he believes crypto tech will drive the future
Kraken cuts 1,100 workers in 'crypto winter'
Cryptocurrency exchange Kraken on Wednesday announced it is cutting its workforce by 30% as part of efforts to weather what it called a 'crypto winter.'
John Deaton on Sam Bankman-Fried FTX scandal: There is enough information to arrest now
Crypto Law founder gives his take on the FTX meltdown on 'Making Money.'
FTX’s Alameda Research owes Jimmy Buffett’s Margaritaville, Amazon Web Services
Sam Bankman-Fried's hedge fund Alameda Research lists Jimmy Buffett's Margaritaville Resort in the Bahamas and Amazon Web Services as two of the largest creditors it owes money to, according to bankruptcy filings.
Former FBI agents weigh in on FTX investigation, Sam Bankman-Fried's possible extradition
Former FBI agents told FOX Business that federal investigators are likely scouring all bank information and public statements related to FTX collapse.
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.