Max Keiser: El Salvador booming under Bitcoin standard
Swan Bitcoin adviser reveals why cryptocurrency and Bitcoin can't be compared to FTX on 'Making Money.
Crypto firm FTX raised red flags long before collapse: experts
Bitcoin venture investor Marty Bent of Ten31 saw red flags with the FTX cryptocurrency exchange long before its historic collapse under founder Sam Bankman-Fried.
Top-ranked market analyst says FTX just another ‘mania’
Evercore ISI Senior Managing Director Mark Mahaney joins "Mornings with Maria" to discuss the collapse of FTX and its impact to the crypto industry.
Google warns of holiday scams: Bad actors 'accelerate' during the season
Google is warning users about scam artists ahead of the holiday season, instructing people to be aware of charity-related phishing attempts and phony subscriptions.
Mark Mahaney on FTX collapse: 'Seems that there's a fair amount of malfeasance involved'
Evercore ISI Senior Managing Director Mark Mahaney joins 'Mornings with Maria' to discuss job cuts in the tech industry, the collapse of FTX and its impact to the crypto industry, and provides an outlook on streaming services.
NY Gov. Hochul signs legislation limiting cryptomining, mainly due to environmental impact
New York Gov. Kathy Hochul signed a legislation limiting the spread of cryptocurrency mining on Tuesday. The measure is mainly concerned with the environmental impact of crypto mining.
Crypto market has 'much further to fall': Ryan Payne
NewEdge Wealth chief investment officer Cameron Dawson and Payne Capital Management President Ryan Payne join 'Mornings with Maria' to discuss lowering mortgage rates and how the FTX bankruptcy impacts the cryptocurrency market.
Miami-Dade County asks court for right to rename Miami Heat's arena after FTX collapse
Eleven days after ending its relationship with FTX, Miami-Dade County has gone to a bankruptcy court asking to remove FTX's name from the Miami Heat's arena.
Sheila Bair: Sam Bankman-Fried built credibility through his network
Former FDIC chair Sheila Bair explains why she was shocked by the collapse of FTX under founder Sam Bankman-Fried on 'Cavuto: Coast to Coast.'
Mitch Roschelle: We've only seen 'tip of the iceberg' of FTX's downfall
Macro Trends Advisors' Mitch Roschelle speaks on the latest developments in FTX's collapse on 'The Evening Edit.'
There are lot of funds that have just ‘vanished’: Daniel Roberts
Decrypt editor in chief Daniel Roberts discusses the latest on FTX’s crypto bankruptcy on ‘Fox Business Tonight.’
FTX collapse: Inside Sam Bankman-Fried's luxe $40 million Bahamas bunker
A look inside the walls of the Bahamas' Albany Resort, where disgraced FTX founder Sam Bankman-Fried is holed up after the failure of his $32B crypto empire.
FTX bankruptcy hearing unveils latest developments in crypto exchange's collapse
The first hearing in FTX's Chapter 11 bankruptcy revealed the latest details involving the crypto firm's downfall, including a new criminal investigation.
BlockFi user explains how FTX collapse cost him $2,500 following crypto lenders’ ‘significant exposure’
BlockFi user and investment adviser Steve Snowden shared his experience losing $2,500 after crypto lender BlockFi paused services due to "significant exposure" to FTX.
Lock up your coins: Bitcoin expert Natalie Brunell
'Coin Stories' podcast host Natalie Brunell reacts to pounces on Bitcoin following the FTX meltdown on 'Making Money.'
'Scrutiny is coming' amid FTX collapse: Emil Michael
Former Uber chief business officer Emil Michael discusses the FTX collapse and the viability of the crypto industry.
First hearing in FTX bankruptcy filing underway
FOX Business' Kelly O'Grady discusses key points from the FTX bankruptcy filing as the hearing remains ongoing.
FTX bankruptcy case a 'mess': Matt Whitaker
Former Acting AG Matt Whitaker discusses the aftermath of the FTX collapse and the GOP using their majority to secure the border on 'Cavuto: Coast to Coast.'
FTX, Bankman-Fried's parents, senior execs bought $121M worth of Bahamas properties: report
Property records in the Bahamas indicate that Sam Bankman-Fried's FTX, his parents and senior executives went on a real estate buying spree, a report says.
FTX founder Sam Bankman-Fried: What to know about the ex-crypto exec
Sam Bankman-Fried co-founded the FTX trading platform in May 2019 after launching Alameda Research with friends two years earlier. Here are fast facts about the former crypto executive.
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.