TikTok cyber security concerns are 'not a partisan issue': Kevin O'Leary
O'Leary Ventures Chairman and 'Shark Tank' star Kevin O'Leary reacts to Bud Light's 'horrific price' paid for its marketing controversy, bitcoin's boom and the future of TikTok ownership.
It's 'game on' for AI in the markets: Mark Avallone
Potomac Wealth Advisors President and founder Mark Avallone details investors' 'hope' that artificial intelligence will add to companies' bottom line.
There is regularity clarity around Bitcoin, while uncertainty around the rest of crypto: Natalie Brunell
'Coin Stories' podcast host Natalie Brunell reacts to Sam Bankman-Fried's 25-year prison sentence on 'The Claman Countdown.'
FTX class action lawsuit looks to hold powerful celebrities liable
FTX class action lawsuits co-lead counsel Adam Moskowitz explains how he plans to collect the money stolen by Sam Bankman-Fried on 'The Big Money Show.'
Sam Bankman-Fried deserved 110 years in jail: Charles Payne
'Making Money' host Charles Payne reacts to Sam Bankman-Fried's 25-year prison sentence.
Bankman-Fried's sentence will have 'opposite' intended effect on crypto market: Moe Vela
Unicoin founder Moe Vela says cryptocurrency is still the 'future' of the market despite the fall of Sam Bankman-Fried.
Market's 1Q performance was 'incredible': David Tawil
ProChain Capital President David Tawil discusses the market's performance in the 1Q, his expectations for the 2Q and the impact to crypto following the sentencing of Sam Bankman-Fried.
Sam Bankman-Fried gets 25 years: Where will he serve his sentence?
Sam Bankman-Fried was sentenced to 25 years for crimes committed in the collapse of the FTX crypto exchange, with the judge recommending a medium security prison in California.
Bitcoin ETF blowout wows even BlackRock's Larry Fink
Spot bitcoin ETFs are on fire, with investors pouring billions into the funds — surprising even the most seasoned Wall Street bigwigs, such as BlackRock CEO Larry Fink.
Sam Bankman-Fried did not get enough prison time: Leeza Garber
Cybersecurity lawyer Leeza Garber reacts to Sam Bankman-Fried's 25-year prison sentence and $11.2 billion fine on 'Making Money.'
Sam Bankman-Fried's fraud should have been detected earlier: Patrick Hillman
Former Binance chief strategy officer Patrick Hillman reacts to Sam Bankman-Fried's 25-year prison sentence on 'The Big Money Show.'
Joe Moglia on the stock market: 'I feel pretty good about it'
Former TD Ameritrade CEO Joe Moglia joins 'Cavuto: Coast to Coast' to react to Sam Bankman-Fried being sentenced to prison and his outlook for the markets and A.I.
Sam Bankman-Fried's sentencing sets the right precedent for the crypto space: Evan Luthra
CasaNFT.com founder Evan Luthra reacts to FTX founder Sam Bankman-Fried being sentenced to 25 years in prison, how much money he's expecting to receive and the impact of the incident on his finances.
Disgraced crypto king Sam Bankman-Fried sentenced to 25 years for FTX fraud
Sam Bankman-Fried, also known as SBF, was sentenced to prison time for his role in the collapse of crypto trading firm FTX, which erased billions in customer assets.
Sam Bankman-Fried's parents walk into sentencing hearing
Sam Bankman-Fried's parents walk into the building as Bankman-Fried awaits his sentencing.
FTX CEO John Ray has harsh words for Sam Bankman-Fried
Sam Bankman-Fried was convicted on seven counts of defrauding investors after his crypto trading firm FTX imploded. The cleanup man, John Ray III, delivered some tough talk on behalf of the victims.
Former crypto king Sam Bankman-Fried set for sentencing
Former FTX CEO Sam Bankman-Fried is scheduled for sentencing Thursday after he was convicted of fraud and conspiracy charges related to the collapse of his cryptocurrency empire.
Sam Bankman-Fried's crime is comparable to Bernie Madoff: Hailey Lennon
Brown Rudnick partner Hailey Lennon discusses the criminal fraud case against Sam Bankman-Fried on 'Making Money.'
Robert Kiyosaki: It's a tale of two Americas
The Rich Dad Company co-founder Robert Kiyosaki shares his insight on bitcoin and what to expect from the 'whole new asset class.'
Trump's Truth Social may be a big mover for years: David Stryzewski
Sound Planning Group CEO David Stryzewski discusses what the early success of Trump's social media platform says about investors' affinity for the 45th president on 'Varney & Co.'
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.