FTX founder manipulated ESG to earn 'virtue signaling glow': Palantir co-founder
The founder of the crypto exchange FTX manipulated ESG to convince investors that everything was above board before filing for bankruptcy, investor says.
FTX founder manipulated ESG to earn 'virtue signaling glow': Palantir co-founder
The founder of the crypto exchange FTX manipulated ESG to convince investors that everything was above board before filing for bankruptcy, investor says.
Tech analyst warns crypto companies will 'fall like dominos' as FTX contagion spreads
Coindesk content chief of staff Pete Pachal warns the FTX "contagion" will continue to cause more crypto companies to collapse, with BlockFi the latest domino to fall.
FTX resumes paying staff, contractor salaries following bankruptcy
FTX, the collapsed cryptocurrency exchange once owned by Sam Bankman-Fried, has announced following its bankruptcy filing it will start paying staff again.
BlockFi bankruptcy a 'contagion' pattern from FTX fallout: Pete Pachal
Coindesk content chief of staff Pete Pachal predicts the FTX contagion will continue, and markets are waiting for the next 'domino to fall.'
BlockFi not FTX, says company's financial adviser
The financial adviser to bankrupt BlockFi says there are no corporate governance issues at the cryptocurrency exchange and that management remains committed to doing the right thing.
Mark Cuban on crypto amid FTX implosion: 'Separate the signal from the noise'
Billionaire investor Mark Cuban continues to believe in cryptocurrency, he indicated in a recent TMZ Sports interview, even amid the ongoing FTX scandal.
Major cryptocurrency player BlockFi files for bankruptcy
Bitcoin Magazine head of market research Dylan LeClair reacts to BlockFi filing for bankruptcy on 'Making Money.'
Sam Bankman-Fried will speak remotely at NYT summit: Charlie Gasparino
Sources tell FOX Business' Charlie Gasparino that FTX founder Sam Bankman-Fried will be interviewed remotely in a Q&A style by reporter Andrew Ross Sorkin.
Cryptolender BlockFi follows FTX into bankruptcy
Cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy protection in New Jersey in the wake of the bankruptcy of Sam Bankman Fried's Bahamas-based FTX.
FTX bankruptcy unique, losses hard to determine: Ken Feinberg
Bankrupt FTX is on the hook for billions it owes to creditors. Longtime compensation recovery attorney Ken Feinberg says this case is anything but straightforward.
Investor conned in FTX crypto scandal pursuing legal action against Sam Bankman-Fried: ‘He committed fraud’
Crypto investor Evan Singh Luthra argues FTX CEO Sam Bankman-Fried should "already be in jail" for committing "outright fraud" and other crimes with users' funds.
Crypto investor scammed by FTX calls for federal legal action against Sam Bankman-Fried
Entrepreneur and cryptocurrency investor Evan Singh Luthra argues the fallen FTX founder and CEO 'intentionally defrauded' investors.
FTX founder Sam Bankman-Fried on hot seat as Senate inquiries, criminal probes move forward
Criminal and political investigations into FTX founder and former CEO Sam Bankman-Fried are set to heat up in the coming weeks as federal authorities seek to bring him to U.S. soil.
Elon Musk sculpture appears in Austin, Texas
A statue, "Elon Goat Token," funded by a cryptocurrency firm, has appeared in Austin, Texas, to honor Tesla CEO Elon Musk for his contribution to cryptocurrency.
Liz Young cautions on crypto: I would 'stay away' if you're starting out
SoFi head of investment strategy Liz Young dives into the Federal Reserve's pushback against inflation, the state of the market and gives advice on investing on 'Barron's Roundtable.'
Crypto assets worth $740M recovered in FTX bankruptcy so far
A total of $740 million in assets have been recovered so far from the failed cryptocurrency firm FTX.
Why wasn't FTX regulated ahead of its collapse?
Congressmen French Hill and Jason Smith react to the latest developments about FTX founder Sam Bankman-Fried's background on 'The Evening Edit.'
FTX founder Sam Bankman-Fried plans to speak during New York Times DealBook summit
Disgraced FTX founder Sam Bankman-Fried indicated on Wednesday afternoon that he plans to speak during an upcoming New York Times DealBook summit.
FTX collapse wipes out billions as investors flee crypto
The collapse of Sam Bankman-Fried's FTX wiped out billions of dollars in assets as investors fled the troubled cryptocurrency exchange.
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.