FTX founder Sam Bankman-Fried's crypto collapse apology
FTX is crumbling and founder Sam Bankman-Fried is in crisis mode as he seeks a lifeline. China's Binance backed out of acquiring the company Wednesday.
Inflation is unexpectedly easing but not eradicated yet: Scott Shellady
'The Cow Guy Group' founder Scott Shellady reacts to the latest CPI read showing inflation cooled in October and discusses the collapse of crypto exchange FTX on 'Varney & Co.'
Cryptocurrencies stabilize after FTX deal turmoil
Cryptocurrencies traded higher Thursday morning, stemming this week's declines following the collapse of a deal involving FTX.
Sean Duffy: Trump was a motivating factor for Democrats to get to the polls
Fox News contributor Sean Duffy discusses the Wisconsin Senate race, the GOP's performance in the midterms, former President Trump's jab at Florida Gov. DeSantis and his outlook for Bitcoin.
Democrats' 'newest megadonor' plummets on Election Day, forced to sell crypto company to biggest rival
Co-founder of the crypto exchange FTX Sam Bankman-Fried, who donated $37 million to Democratic candidates ahead of the 2022 midterm elections, saw $6 billion in withdrawals by Tuesday.
Crypto's 'shakeout phase' will make best companies stronger: Perianna Boring
Bitcoin Foundation chairman Brock Pierce and Chamber of Digital Commerce founder Perianna Boring explain how Sam Bankman-Fried's FTX cryptocurrency exchange was unexpectedly hit with a mass liquidity crisis on 'The Claman Countdown.'
Crypto exchange Binance plans to buy rival FTX
Crypto exchange Binance said Tuesday it plans to purchase rival FTX, which acknowledged it is experiencing a "liquidity crunch" and asked for the deal.
Department of Justice reveals massive $3.36B crypto seizure
Authorities conducted a seizure of bitcoin stolen from the Silk Road marketplace and secured a guilty plea from the person they said took it, the DOJ announced.
First-edition copy of the US Constitution to be auctioned off
Sotheby's announced that a first-edition copy of the U.S. Constitution will be auctioned off next month with bids expected to be close to $30 million.
Bitcoin wants to break its bond with stocks
The cryptocurrency Bitcoin is looking to distance itself from tech stocks like Meta and Amazon which it has seen a strong correlation with in the past.
Russia, China may be preparing new gold-backed currency, but expert assures US dollar 'safest' currency today
Chinese officials have periodically discussed plans to disrupt the dollar's dominance as a global currency, but Beijing this year has bought gold in record quantities.
Cryptocurrency 'here to stay': Brock Pierce
Bitcoin Foundation Chairman Brock Pierce discusses the cryptocurrency market, its influence on politics, and provides an outlook of the market on 'Cavuto: Coast to Coast.'
Apple may be raising prices over Corning warning: Quincy Krosby
LPL Financial chief equity strategist Quincy Krosby reacts to Apple glass supplier Corning saying smartphone and tablet sales slowed down this quarter on 'The Claman Countdown.'
Warner Bros. to release 'Lord of the Rings' limited-edition NFTs
"The Lord of the Rings" franchise has teamed up with blockchain company Eluvio for the sale of NFTs from the first installment in the series, "The Fellowship of the Ring."
Crypto expert breaks down digital assets and market strength: 'Low volatility'
Pastel Network co-founder Anthony Georgiades sits down with 'Mornings with Maria' to discuss the crypto market and the strength of digital assets going forward.
Coinbase CEO to sell 2% of his stake to fund scientific research
Coinbase CEO Brian Armstrong emphasized that he remains "super bullish" on cyrpto and the company, but expressed his excitement to "contribute in a different way."
Crypto broker NYDIG cuts one-third of staff in new focus
NYDIG laid off a third of its workforce last month resulting in the loss of about 110 jobs at the bitcoin trading and banking firm.
Wealthy millennial, Gen Z investors skeptical of traditional stocks, bonds: report
Many high-net-worth millennial and Gen Z investors are skeptical of traditional stocks and bonds, according to a Bank of America report released Tuesday.
Crypto exchange Bittrex to pay $29M over sanction violations
The Treasury Department said crypto exchange Bittrex Inc. was fined more than $24 million on Tuesday over apparent violations of multiple sanctions programs.
Fed needs ‘measured’ response to inflation, not reactive: Anton Schutz
Mendon Capital Advisors president and CIO Anton Schutz discusses the U.S. economy ahead of the September jobs report.
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.