Sam Bankman-Fried's bail backer seen in California
Former Stanford Law School Dean Larry Kramer is a co-signer of disgraced FTX founder Sam Bankman-Fried’s $250 million bail package (Credit: Flightrisk for Fox News Digital).
Bitcoin hits six-month high
Bitcoin, a digital asset and cryptocurrency, has risen to a six-month high as investors gravitate back to more riskier assets.
Will ChatGPT repeat the dot-com and crypto crashes?
ChatGPT will not follow the boom and bust cycle of the 2000 dot-coms and current crypto bankruptcies say a venture capitalist and CEO who explain that investors are more sophisticates and wary.
SEC crypto proposal could bar investment advisers from holding at firms
The SEC proposed a rule that would broaden regulations requiring investment advisors to securely store clients' assets with a qualified custodian to cover crypto assets.
GOP lawmakers probe timing of FTX founder Sam Bankman-Fried's arrest
Republicans from the House Financial Services Committee have requested records from the SEC related to the timing of charges against FTX founder Sam Bankman-Fried.
Crypto exchange settles with SEC over 'staking'
The settlement with Kraken and one of its business practices could spell headaches for other platforms with similar services.
Crypto is a global phenomenon: Matt Sigel
Matt Sigel, Vaneck Head of Digital Assets Research, discusses the SEC cracking down on crypto regulations and the impact of the industry on the world.
Crypto firms back off Super Bowl commercials following FTX collapse
Cryptocurrency firms will stay on the sidelines of this year's Super Bowl after they were featured prominently during the big game's commercial breaks a year ago.
Andrew Durgee on crypto: Admin making a mistake on regulation through enforcement
Andrew Durgee, head of Republic Crypto, discusses possible regulation crackdowns in the crypto industry, Kraken's woes and FTX founder Sam Bankman-Fried's bail hearing.
Kevin O'Leary says Sam Bankman-Fried FTX scheme would have never got a deal on Shark Tank: 'Not a chance'
Former FTX investor and 'Shark Tank' personality Kevin O'Leary discusses the investigation into disgraced FTX founder Sam Bankman-Fried on 'The Claman Countdown.'
Kevin O'Leary: If Sam Bankman-Fried pitched FTX to 'Shark Tank' it would never make it
O'Leary Ventures chairman Kevin O'Leary discusses his relationship with Sam Bankman-Fried and if he would still back the alleged fraudster after the collapse of FTX on 'The Claman Countdown.'
Sam Bankman-Fried leaves federal court
The former FTX CEO attended a hearing on his bail modifications.
Sam Bankman-Fried witness tampering a 'real concern' in FTX fraud case: Andrew Stoltmann
Securities attorney Andrew Stoltmann reacts to a U.S. judge extending FTX founder Sam Bankman-Fried's bail restrictions on 'The Big Money Show.'
Robert Kiyosaki: 'Big boom' coming for silver, gold
The Rich Dad Company co-founder Robert Kiyosaki explains why precious metals are unexpectedly underperforming in the current inflationary environment on 'Cavuto: Coast to Coast.'
Judge extends order limiting Sam Bankman-Fried's communications
A federal judge on Thursday kept in place restrictions on disgraced FTX founder Sam Bankman-Fried's communications while the former crypto titan is out on bail.
Bad actors can appear in every industry not just crypto: Mauricio Di Bartolomeo
Ledn Inc. co-founder and chief strategy officer Mauricio Di Bartolomeo discusses FTX founder Sam Bankman-Fried's bail hearing, the crypto industries' reputation and the AI battle brewing in Big Tech.
Microsoft's AI play a 'shot across the bow' to Google: Pete Pachal
CoinDesk Content Chief of Staff Pete Pachal joins 'Mornings with Maria' to discuss Microsoft's use of AI in the Bing search engine, attacks on Big Tech, and the future of AI and cryptocurrency.
Judge denies Sam Bankman-Fried's request to scrap bail modification hearing
A federal judge on Tuesday shot down disgraced FTX founder Sam Bankman-Fried's attorneys' request to cancel a hearing on modifying the conditions of his bail.
Sam Bankman-Fried's other bail-backers' identities to be revealed?
The two unknown guarantors who helped Sam Bankman-Fried secure bail may have their identities revealed as early as Tuesday following a federal judge's ruling.
Whoopi Goldberg brushes off China spy ballon
Fox contributors Douglas Murray and David Webb discuss how ‘The View’ host Whoopi Goldberg tried to brush off the magnitude of the China spy balloon on ‘The Bottom Line.’
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.