Binance's US arm struggles to find a banking partner: report
Binance is shopping to find a banking partner since the two financial institutions it used failed in the recent crisis leaving them unable to handle its customers' cash.
Fed is done hiking rates, gold is ready to explode: Dutch Masters
Prosper Trading Academy CEO Scott Bauer and Carnivore Trading CEO Dutch Masters discuss how Good Friday will affect Wall Street traders' ability to trade the March jobs data on 'The Claman Countdown.'
US regulators are 'squeezing' crypto, stifling innovation: Christopher Alexander
Liberty Blockchain CCO Christopher Alexander discusses the resiliency of bitcoin and other digital assets after the SVB collapse on 'Mornings with Maria.'
Miami Heat unveil new arena name after removing FTX reference
The Miami Heat’s arena, previously known as FTX Arena, will be called Kaseya Center. The Heat removed the FTX reference after "the collapse of our previous partner."
$112 million of crypto from investment scams seized by DOJ
A sizable amount of cryptocurrency that came from investment scams recently got seized by the Department of Justice. It amounted to an estimated $112 million.
Galaxy Digital's Mike Novogratz: Bank crisis, 'orgy of debt' will push bitcoin higher
Galaxy Digital CEO Michael Novogratz predicts the Fed will cut rates this year and explains how the banking chaos could boost bitcoin to greater heights on 'The Claman Countdown.'
Silicon Vally Bank will not be the only cockroach: Scott Shellady
Seaport Securities founder Ted Weisberg and The Cow Guy Group founder Scott Shellady discuss if the fallout from the SVB collapse will be long-lasting and bigger than initially thought on 'The Claman Countdown.'
Crypto became the scapegoat for SVB's collapse: Brock Pierce
Bitcoin Foundation Chairman Brock Pierce discusses the outlook for digital currencies after recent banking chaos on 'The Claman Countdown.'
Dogecoin soars after Elon Musk’s Twitter bird switch
Twitter users noticed the social media platform’s bird logo had been exchanged for a different animal — a shiba inu that appears to match the one used by cryptocurrency Dogecoin.
Gen Z is 'very receptive' to digital currency: Randi Hipper
Miss Teen Cryto Randi Hipper provides insight on teaching Generation Z about investing in cryptocurrency on 'Making Money.'
ARK's Cathie Wood makes the case for investing in Tesla
Ark Invest CEO and CIO Cathie Wood discusses how artificial intelligence could change the investing landscape on 'Barron's Roundtable.'
Sam Bankman-Fried pleads not guilty to additional federal charges
FTX founder Sam Bankman-Fried was back in court Thursday, pleading not guilty to another five federal charges related to the collapse of his cryptocurrency empire.
FTX founder Sam Bankman-Fried arrives in federal court
Disgraced FTX founder Sam Bankman-Fried now faces 13 charges related to the collapse of his cryptocurrency empire. He has pleaded not guilty to all counts.
Alex Sanchez reacts to banking hearing: 'That's not a good enough answer, Mr. Barr'
Florida Bankers Association President and CEO Alex Sanchez rips Fed Vice Chair Michael Barr's Senate testimony and calls for 'safety and soundness' from regulators.
FDIC gives Signature’s crypto clients account deadline
Customers who had crypto deposits at Signature Bank have been issued a deadline to close the accounts and move their money.
Binance sees $2 Billion in Outflows as Troubles Compound
As of Monday evening, Binance had experienced net outflows of $2.1 billion on the Ethereum blockchain over seven days, according to crypto data provider Nansen.
The New York couple behind El Salvador’s Bitcoin Experiment
Bitcoin enthusiast and former Russian state TV hosts advise the government of El Salvator and have extensive crypto investments in the country.
BlackRock’s Rick Rieder: Investing in bond market still nirvana
BlackRock global fixed income CIO Rick Rieder discusses his firm's note on the Fed continuing to tighten and where he's investing in the bond market on 'The Claman Countdown.'
Fed 'trashing the economy' is no way to cure inflation: Steve Forbes
Forbes Media CEO Steve Forbes analyzes the strength of the U.S. economy after multiple bank failures on 'Cavuto: Coast to Coast.'
Sam Bankman-Fried directed $40M cryptocurrency bribe to Chinese officials, federal prosecutors allege
Federal prosecutors are now alleging FTX founder Sam Bankman-Fried directed a $40 million cryptocurrency bribe to Chinese government officials in a scheme to unfreeze Alameda assets.
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.