Associates of FTX founder Sam Bankman-Fried plead guilty to wire fraud, other charges filed by SEC
Caroline Ellison, the former Alameda Research CEO, and Zixiao Wang, former Chief Technology Officer of FTX Trading LTD, pleaded guilty to charges filed by the SEC amid FTX's collapse.
FTX founder Sam Bankman-Fried lands in New York following extradition from Bahamas
FTX founder Sam Bankman-Fried landed in New York Wednesday night, following his extradition from the Bahamas. He faces multiple criminal charges following FTX's collapse.
SEC charges two former FTX associates for roles in crypto exchange's collapse
The SEC charged Caroline Ellison of Alameda Research and Gary Wang of FTX Trading LTD for their roles in the collapse of the crypto exchange FTX.
Crypto giant Binance offers little transparency after FTX collapse
Binances internal finances still remain opaque to investors after the collapse of Sam Bankman-Fried's cryptocurrency trading firm FTX caused increase scrutiny.
FTX founder waives right to extradition proceeding
New York Post columnist Karol Markowicz discusses FTX founder Sam Bankman-Fried's extradition from Bahamas to the U.S. on ‘Fox Business Tonight.’
FTX founder Sam Bankman-Fried leaves Bahamas for US after agreeing to be extradited
Disgraced CEO of the collapsed cryptocurrency exchange Sam Bankman-Fried is departing the US this evening for the US after agreeing to be extradited.
Washington must be educated on 'revolutionary' distributed ledger technology: Sujit Raman
TRM Labs general counsel Sujit Raman discusses cryptocurrency regulation after Sam Bankman-Fried's alleged 'massive fraud' on 'Cavuto: Coast to Coast.'
FTX founder Sam Bankman-Fried agrees to be extradited to US, where he faces criminal charges
A judge in the Bahamas has approved a request from Sam Bankman-Fried, the founder of the now-collapsed cryptocurrency exchange FTX, to be extradited to the U.S. to face charges.
Sam Bankman-Fried's extradition hearing set for Wednesday
A hearing is scheduled for Wednesday in a Bahamian court to take up the issue of the FTX founder's possible extradition U.S.
Can blockchain bust Sam Bankman-Fried?
Blockchain.com co-founder and CEO Peter Smith discusses whether blockchain technology can track Sam Bankman-Fried's fund flows and help recover assets on 'The Claman Countdown.'
Elon Musk's Twitter fiasco could be a Tesla buy signal: Scott Redler
T3 Trading Group chief strategist Scott Redler and Sarge986 president Stephen Guilfoyle reveal what blue chip stocks they're buying as the bear market persists on 'The Claman Countdown.'
Sam Bankman-Fried makes Bernie Madoff look like 'a small fish': Guy Lewis
Former U.S. attorney Guy Lewis predicts a mandatory life sentence as FTX founder Sam Bankman-Fried faces eight criminal counts of wire fraud.
Sam Bankman-Fried agrees to extradition to the US; lawyers working out details
Sam Bankman-Fried, the founder of the now-collapsed cryptocurrency exchange FTX, has given his consent for extradition to the United States, sources confirmed.
Katie Cherkasky on SBF donations: No clear legal avenue for prosecutors to demand return
Former federal prosecutor comments on the legality of the Biden campaign and politicians having to give back donations from Sam Bankman-Fried on 'The Evening Edit.'
Sam Bankman-Fried diverted tons of money from his customers to use on lavish spending: Deneen Borelli
Fox News contributor Deneen Borelli weighs in on the FTX scandal and Path Trading Partners co-founder Bob Iaccino weighs in on Elon Musk's Twitter takeover on 'Making Money.'
FTX's Bankman-Fried appears to fall asleep during court hearing where he does not agree to extradition: report
Disgraced FTX founder Sam Bankman-Fried declined an extradition agreement while in court in the Bahamas, and the ex-billionaire appeared to fall asleep during proceedings.
Virtual currency exchanges took advantage of regulatory regimes that worked to their benefit: Aaron Kaplan
Prometheum CEO and founder Aaron Kaplan discusses the impact of FTX on his business, crypto regulation and Sam Bankman-Fried's impact on lawmakers.
Does Sam Bankman-Fried's demise mean the end of cryptocurrency?
Circle Squared Alternative Investments' Jeff Sica argues Bitcoin is the 'cat with nine lives' as he discusses the future of cryptocurrencies following the collapse of FTX.
Sam Bankman-Fried used millions in FTX funds to influence an election: Stephen Moore
Freedom Works economist Stephen Moore discusses what will happen to the campaign donations former FTX CEO Sam Bankman-Fried gave to politicians on 'Varney & Co.'
Latest 'Twitter Files' indicate FBI is 'snooping on Americans': Emil Michael
DPCM Capital Chairman and CEO Emil Michael reacts to the latest development in the 'Twitter Files' and Sam Bankman-Fried's highly-anticipated extradition to the U.S.
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.