FTX founder Sam Bankman-Fried funneled max donation to Nancy Pelosi's likely successor
Sam Bankman-Fried donated the maximum allowed amount to Democratic Caucus Chairman Hakeem Jeffries who is expected to succeed Speaker Nancy Pelosi as the top House Democrat.
Wall Street watching if Russia missile crossing into Poland spooks markets: Scott Redler
Sarge986 president Stephen Guilfoyle and T3 Trading chief strategist Scott Redler assess how a Russian missile striking Poland could affect markets on 'The Claman Countdown.'
FTX suffers $400M hack after filing for chapter 11 bankruptcy
Kraken incoming CEO Dave Ripley addresses the FTX hack, telling 'The Claman Countdown' the customer who tried to use a Kraken wallet has been identified.
FTX founder Sam Bankman-Fried should testify on crypto exchange collapse: Sen. Sherrod Brown
Sen. Sherrod Brown, D-Ohio, said former FTX CEO Sam Bankman-Fried should testify before Congress regarding the collapse of his company. Billions of dollars have gone missing.
Who’s really to blame for FTX crypto collapse?
Who’s really to blame for FTX crypto collapse? Venture capitalists, investors and poor regulation share blame, while crypto problems drive investors to Bitcoin.
FTX meltdown is a tragic situation: Michael Saylor
MicroStrategy executive chairman Michael Saylor reacts to the fall of FTX on 'Making Money.'
FTX founder Sam Bankman-Fried should testify, Sen. Sherrod Brown says
Democratic Ohio Sen. Sherrod Brown told Fox News' Caroline McKee Tuesday that FTX founder Sam Bankman-Fried should testify amid the cryptocurrency exchange collapse.
FTX a 'huge stain' on entire crypto space: Grant Mitterlehner
MittGroup CEO Grant Mitterlehner discusses if the crypto industry can survive the FTX fiasco on 'Cavuto: Coast to Coast.'
Stuart Varney on FTX collapse: The crypto world is in chaos
FOX Business' Stuart Varney discusses the impact of the crypto collapse on investors and the Democrat Party as FTX's bankruptcy exposes 'missed' warning signs.
FTX bankruptcy may affect a million creditors
Bankrupt cryptocurrency exchange FTX said it may have more than a million creditors, including tens of thousands of customers as its assets remain frozen in the Bahamas and criminal probes get underway.
Luke Lloyd: We're in a recession that's being 'held up' by credit card debt
Strategic Wealth Partners investment strategist Luke Lloyd discusses the impact of the latest inflation report on markets and the crytpo collapse amid FTX's bankruptcy filing.
FTX-driven crypto chaos exposes weaknesses but not another 2000 dot-com debacle
The bankruptcy of FTX is not expected to trigger another year 2000-type dot-com meltdown but instead expose weaknesses in the business models of cryptocurrency exchanges.
Stuart Varney: The crypto world is in chaos
FOX Business host Stuart Varney argues 'very few' understood what they were getting into as the FTX crypto collapses causes millions to lose money.
SEC Chairman Gary Gensler met with head of FTX months before collapse
SEC Commissioner Gary Gensler met with Sam Bankman-Fried, the head of FTX eight months before its collapse and the company was forced into bankruptcy.
FTX bankruptcy gives Miami-Dade County 'another opportunity' to find a brand to represent city well: Mayor Francis Suarez
Miami Mayor Francis Suarez provides an update after the Miami Heat announced it's cutting ties and renaming its arena following FTX's fallout.
After FTX fallout, Bitcoin Foundation president urges regulation
Bitcoin Foundation president Brock Pierce details the 'bombshell' bankruptcy from FTX and its negative impact on retail and consumer sentiment.
Could be a difficult Christmas for many Americans: Jonathan Hoenig
Fox News contributor Jonathan Hoenig and former investment banker Carol Roth assess the state of the consumer as inflation remains high and interest rates climb on 'Cavuto: Coast to Coast.'
Democrats fell for 'bit of a scam' with FTX's Sam Bankman-Fried: Miranda Devine
Fox News contributor Miranda Devine argues Bankman-Fried was trying to buy political cover from Democrats and the Biden administration.
Not over for bitcoin despite FTX collapse: Jeff Sica
Jeff Sica of Circle Squared Alternative Investments on the collapse of FTX, how it could impact bitcoin and his outlook for Meta and Disney.
Legacy financial system fell for FTX's 'crypto Ponzi scheme': Natalie Brunell
'Coin Stories' podcast host Natalie Brunell argues FTX's bankruptcy was a 'failure on so many levels.'
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.