'Wolf of Wall Street' says Sam Bankman-Fried should 'shut up and listen to his lawyers'
“Wolf of Wall Street” investor Jordan Belfort roasted Wall Street brokers for funding Sam Bankman-Fried’s dying crypto empire despite numerous red flags.
Sen. Elizabeth Warren, celebrity investor Kevin O'Leary clash over cryptocurrency, money laundering
Massachusetts Sen. Elizabeth Warren got into a back-and-forth with FTX paid spokesman Kevin O'Leary during a Wednesday hearing over whether cryptocurrency facilitates money laundering.
FTX spox O'Leary says he called SBF and demanded, 'Where is the money, Sam?'
FTX spokesperson Kevin O'Leary described a confrontation he had with Sam Bankman-Fried after FTX's collapse, during a Senate Banking Committee hearing on Wednesday.
Bahamas jail where FTX's Sam Bankman-Fried reportedly heading is 'harsh,' rat-infested: State Department
Fox Hill Prison, where FTX founder Sam Bankman-Fried reportedly is heading following his arrest in the Bahamas, has "harsh" conditions and poor sanitation, the State Department says.
FTX paid spox Kevin O'Leary received $18M, previously called Bitcoin 'garbage'
FTX spokesperson Kevin O'Leary is a staunch denfender of the cryptocurrency industry, but in 2019 he trashed it, calling Bitcoin "worthless" and "garbage."
Amid billion-dollar losses from FTX collapse, 'not much' in the safe 'to take': Matthew Whitaker
Former acting U.S. Attorney General Matthew Whitaker discusses the indictment and charges of FTX's Sam Bankman-Fried and what it means for investors.
Commodity Futures Trading Commission sues Sam Bankman-Fried alleging fraud
CFTC Commissioner Kristin Johnson discusses the civil lawsuit against Sam Bankman-Fried, telling 'Cavuto: Coast to Coast' the commission will 'aggressively pursue' violators of the Commodities Exchange Act.
FTX collapse where people lost billions has 'silver lining,' O'Leary says: Industry is 'culling its herd'
Kevin O'Leary, an investor who served as a paid spokesman for FTX, says that the company's collapse has a 'silver lining' for the cryptocurrency industry as a whole.
In FTX hearing, 'The OC' actor Schenkkan rips cryptocurrency as 'largest Ponzi scheme in history'
Actor Ben McKenzie Schenkkan, who has starred in roles for “The O.C.,” “Southland,” and “Gotham,” testified Wednesday on the harms of cryptocurrency.
Stuart Varney: Sam Bankman-Fried’s ‘shabby look’ fit nicely with his ‘effective altruism’
FOX Business' Stuart Varney discusses the potential intent behind Sam Bankman-Fried's style choices and the impact it could have on 'chucking money' at rising 'youngsters.'
Binance CEO tweets ‘business as usual’ after pausing USDC coin withdrawal Tuesday
Binance CEO Changpeng "CZ" Zhao said on Wednesday things have normalized after the crypto exchange paused withdrawals of its USDC coin
'The OC' actor rips FTX as 'largest Ponzi scheme in history,' in Senate testimony
"The O.C." and "Southland" actor and author Ben McKenzie Schenkkan testified Wednesday on the collapse of cryptocurrency firm FTX.
FTX collapse where people lost billions has 'silver lining,' O'Leary says: Industry is 'culling its herd'
Media personality Kevin O'Leary testified Wednesday that the collapse of cryptocurrency firm FTX has a "silver lining," that the industry is "culling its herd.
Sam Bankman-Fried cultivated a 'veneer of virtue' around FTX: Vivek Ramaswamy
Strive founder Vivek Ramaswamy discusses how Sam Bankman-Fried's alleged fraud flew under the radar on 'Varney & Co.'
Stuart Varney: Sam Bankman-Fried’s ‘shabby look’ fit nicely with his ‘effective altruism’
FOX Business host Stuart Varney asks why 'smart guys' forked over billions of dollars to Sam-Bankman Fried.
Sam Bankman-Fried ripped for ‘spilling his guts’ to media, not Congress: It's 'totally asinine,' GOP rep says
Rep. Lance Gooden ripped Sam Bankman-Fried for not coming before Congress, and said he intends to raise questions about Democrat donations in the FTX House hearings.
Andrew McCarthy on FTX fallout: This is 'straight up fraud'
Fox News contributor Andrew McCarthy discusses the timing of Sam Bankman-Fried's arrest, the impact of FTX on the Democratic Party and bipartisan bills aiming to ban TikTok in the U.S.
'Totally asinine' that Sam Bankman-Fried spilled 'his guts' to media, skipped hearing: Rep. Lance Gooden
Rep. Lance Gooden, R-Texas, says it 'seems logical' that disgraced FTX founder Sam Bankman-Fried embezzled money.
Sam Bankman-Fried, Caroline Ellison retain high-powered white collar lawyers amid FTX probe
Ex-FTX CEO Sam Bankman-Fried and Alameda Research CEO Caroline Ellison have retained criminal defense attorneys specializing in white-collar crimes as they face investigation.
Sam Bankman-Fried denied bail in Bahamas, ordered held until Feb. 8 in alleged FTX crypto fraud scheme
A magistrate judge in the Bahamas has ordered Sam Bankman-Fried held until February, hours after a U.S. federal criminal indictment was unsealed.
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.