Golden State Warriors sued by FTX customer following crypto exchange's collapse
The Golden State Warriors have been named in a class-action lawsuit filed by an FTX customer seeking damages from the cryptocurrency's collapse. The Warriors had FTX as a platform.
FTX fallout: How long will crypto regulation take?
Floating Point Group co-founder Kevin March discusses if cryptocurrencies can prove to be a valid business model after the FTX scandal on 'The Claman Countdown.'
Wall Street poised to rally in short-term: George Ball
Tortoise portfolio manager Rob Thummel and Sanders Morris Harris chairman George Ball discuss where investors can find opportunity in a volatile market on 'The Claman Countdown.'
Why the investing pros were such suckers for FTX
Dozens of the world’s leading investment firms, including Sequoia Capital, SoftBank Group Corp., and hedge funds Third Point and Tiger Global, showered Sam Bankman-Fried with money.
Bitcoin is getting stronger and stronger every day: Jeff Booth
Entrepreneur Jeff Booth provides insight on investing in Bitcoin on 'Making Money.'
Fallen FTX boss spent lavishly in Bahamas while allegedly misusing customer funds
Sam Bankman-Fried spent a massive amount of money during his year in the Bahamas — before his crypto empire collapsed and declared bankruptcy earlier this month.
Housing bracing for downturn as investors try to get ahead of Fed: Michael Kantrowitz
Piper Sandler chief investment strategist Michael Kantrowitz discusses the health of the U.S. economy and where the housing market heads as the Fed continues to raise rates on 'Mornings with Maria.'
Tesla can sink just like Beyond Meat: Gregg Smith
Evolution VC Partners founder Gregg Smith discusses causes for the decline in Tesla stock and if crypto can recover from the FTX scandal on 'Varney & Co.'
Regulatory expert: FTX 'jurisdiction shopped' to locate in lax regulatory environment
A dispute between two FTX entities is spotlighting the problems of a cryptocurrency industry that has companies in multiple countries and no overall regulation.
Elizabeth Holmes and Sam Bankman-Fried: How wunderkinds go wild
Theranos' Elizabeth Holmes and FTX's Sam Bankman-Fried were two tech entrepreneurs who rose and fell on bad decision-making. Coaching may have prevented disaster.
Cryptocurrency exchange FTX owes more than $3 billion to creditors
Cryptocurrency exchange FTX, which filed for bankruptcy protection last week, said in a court filing that it owes its 50 largest creditors more than $3 billion.
November CPI, December Fed meeting to determine market performance for rest of year: Ben Levisohn
'Barron's Roundtable' panelists Ben Levisohn, Carleton English, and Jack Hough, discuss the stock market reacting to the Federal Reserve, a jump in chip stocks, the collapse of FTX and its impact on the cryptocurrency industry
Disgraced FTX founder Sam Bankman-Fried penthouse sale listing was a fake: report
Disgraced FTX founder Sam Bankman-Fried's palatial $40 million Bahamas penthouse was listed for sale, but the listing was fake, according to a report.
FTX founder Sam Bankman-Fried donated thousands to House committee members who will investigate him
The House Financial Services Committee is aiming to question FTX founder Sam Bankman-Fried despite members receiving more than $300,000 in donations from the firm.
FTX files for court relief to pay vendors, begins review of assets
FTX filed Saturday morning for court relief in order to pay claims for its critical vendors. The cryptocurrency exchange is also beginning a review of its assets.
Carol Roth on Dems' ties to FTX CEO: This is 'really concerning'
Former investment banker Carol Roth weighs in on FTX CEO Sam Bankman-Fried's relationship with Democrat leaders, such as Rep. Maxine Waters on 'The Evening Edit.'
Sam Bankman-Fried used FTX funds as his own 'personal piggy bank': Jordan Belfort
'The Wolf of Wall Street' Jordan Belfort joined 'Maria Bartiromo's Wall Street' to discuss the fallout from the collapse of FTX and scrutiny facing A-list celebrities and the SEC chair.
Steve Forbes shares insight on FTX crypto scandal
Forbes Media Chairman Steve Forbes on President Biden's latest inflation remarks and the FTX collapse on 'Fox Business Tonight.'
Elizabeth Holmes sentencing: Theranos founder faces 20 years in prison for fraud
Zweiback, Fiset & Zalduendo co-founder and managing partner Rachel Fiset discusses the trial of Theranos founder Elizabeth Holmes and how much time she might spend in prison on 'The Claman Countdown.'
Is tech setup for a 'classic run' higher or is the party over?
UBS managing director Jason Katz and The Fitz-Gerald Group principal Keith Fitz-Gerald discuss what stocks are on sale and how the long Fed will meddle in markets on 'The Claman Countdown.'
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.