SEC cautions investors about crypto investments
The U.S. Securities and Exchange Commission issued an investor alert on Thursday, saying some crypto asset securities might not be compliant with U.S. laws.
Coinbase shares extend losses after crypto exchange explains SEC probe
Shares for the crypto exchange platform Coinbase are down on Wall Street despite the company’s explanation of the Securities and Exchange Commission’s (SEC) alleged violations of federal securities laws related to the company’s staking service Coinbase Earn, Coinbase Prime, and Coinbase Wallet.
Gisele Bündchen says she was 'blindsided' by FTX collapse
Gisele Bündchen recently touched on the rapid collpase of cryptocurrency exchange FTX in late 2022, describing it as "terrible" and saying it "blindsided" her.
Jake Paul, 5 others settle with SEC for $400,000 after being hit with crypto violations
YouTuber turned boxer Jake Paul is one of five celebrities to settle with the SEC for a combined $400,000 after alleged cryptocurrency violations.
Ted Cruz introduces bill blocking Fed from adopting central bank digital currency
Senator Ted Cruz introduced legislation banning the Federal Reserve from moving forward with a central bank digital currency that would be available for use by consumers.
SEC vs. Ripple verdict could come at pivotal time for crypto industry
The future of crypto industry could hinge on one court case involving the Securities and Exchange Commission and Ripple, a provider of crypto solutions for businesses.
Crypto influencer allegedly threatened attorney behind FTX class action suit
Cryptocurrency influencer Ben "BitBoy Crypto" Armstrong, who is facing a class action lawsuit for promoting FTX, allegedly sent messages threatening and harassing an opposing attorney.
How Bitcoin is benefiting from the banking crisis
The crypto winter that battered Bitcoin prices appears to be thawing as the U.S. banking crisis roils investors and calls into question the Federal Reserve's rate hike strategy.
Credit Suisse and banking crisis, Fed meeting, Nike earnings top week ahead
The future of First Republic Bank and Credit Suisse will dominate the headlines in the coming week ahead of the Federal Reserve's decision on interest rates.
FTX transferred $2.2B to Sam Bankman-Fried, new management says
Sam Bankman-Fried reportedly had received more than $2 billion from FTX entities, according to court filings made by the new management of the cryptocurrency exchange.
FBI arrests exiled Chinese social media mogul in alleged $1B fraud scheme used to fund luxurious NYC lifestyle
The FBI arrested exiled Chinese businessman Ho Wan Kwok, also known as "Miles Guo," in an alleged $1 billion fraud scheme used to fund his luxurious lifestyle in the New York City area.
Signature Bank faced criminal probe before firm’s collapse
Regulators were reportedly looking into Signature Bank prior to the firm being shutdown over the weekend.
How Silicon Valley Bank got burned
Customers were shut out after the FDIC seized Silicon Valley Bank on Friday, but regulators say funds will be available on Monday for insured customers.
Crypto firm Circle has $3.3B exposure to Silicon Valley Bank
The cryptocurrency firm Circle says that $3.3 billion of its $40 billion USD Coin reserves are held by Silicon Valley Bank, a lender that was shutdown on Friday.
Sam-Bankman Fried faces revoked bail as judge wonders about communication restrictions
The judge worried about whether restrictive communications for Sam Bankman-Fried would be sufficient, concerns that raised questions about if he could have his bail revoked as he awaits the trial.
Silicon Valley Bank shares plunge, Ackman advises government bailout
Silicon Valley Bank is fighting for survival as investors jump ship threatening the future of one of venture capital's most prominent financial firms.
SVB sinks wiping $61B in market value off bank stocks
Silicon Valley Bank lost over half its value after investors bailed on the shares following plans for a large capital raise.
U.S. crypto exchanges could face possible class-action lawsuit
Securities lawyer Tom Grady, known as one of the nation’s leading investment fraud attorneys, is preparing for potential litigation against the nation’s biggest crypto exchanges
Bitcoin slides on Silvergate fallout
The price of bitcoin is down on Thursday after another cryptocurrency exchange, Silvergate Capital, prepares to liquidate following a $1B quarterly loss and dip in digital asset demand.
Silvergate Capital winding down business; will voluntarily liquidate
Silvergate Bank will be wound-down and liquidated, the California-based Silvergate Capital said Wednesday. Speculation about its status had arisen last week.
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.