Binance details how a fake job interview led to a $6.3B crypto heist
Binance detailed how a compromised employee computer and internal AI tool allegedly enabled a $6.3 billion cryptocurrency theft and subsequent recovery efforts.
Binance co-CEO says customers won't lose a dime after massive $6B heist
Binance co-CEO Richard Teng reveals Binance used dedicated reserve funds to cover the massive North Korea-linked crypto theft, with 98% of assets already replenished.
Ex-Miami mayor warns over DSA candidate numbers: 'Troubling'
Fox News contributor Francis Suarez discusses Florida political landscape, the Teamsters president backing Ashley Moody for Senate and the crypto market impact amid the Binance hack and risks on 'Varney & Co.'
North Korea responsible for $6 billion Binance cryptocurrency hack, FBI says
North Korean hackers converted stolen Binance assets into Ethereum, prompting the FBI to urge crypto firms to block wallet addresses tied to the $6 billion theft.
Expert warns of 'AI hacking bloodbath' following massive Binance cryptocurrency theft
Eric Schiffer warns the $6.3 billion Binance hack signals a coming "bloodbath of AI hacking" as cybersecurity threats grow more sophisticated.
Thieves make off with $6.3B from Binance: 'Biggest hack in history'
The world's largest crypto exchange suspended deposits and withdrawals, pledging to cover all user losses.
Thieves make off with $6.3B from Binance: 'Biggest hack in history'
Binance froze $3 billion in assets after a major security incident, with Changpeng Zhao suggesting the crypto exchange appears to have been hacked.
OCC chief says banks are 'all over this' amid unauthorized AI agent access reports
Comptroller of the Currency Jonathan Gould discusses unauthorized AI agents accessing bank accounts, allegations of political debanking at major financial institutions and stablecoin regulations on 'Varney & Co.'
Michael Saylor predicts bitcoin will blow past $100K as he declares new bull market underway
Michael Saylor predicts bitcoin will surge past $100,000 to kick off a massive new bull market, arguing the failed Clarity Act freed crypto regulation.
Cassie Smedile challenges Democrats to explain their alternative to high costs
Cornerstone Government Affairs Principal Cassie Smedile joins 'Mornings with FOX Business' to discuss Fairshake PAC targeting key House races, campaign fundraising and beef price concerns.
ProCap Financial CEO touts Silvia AI performance on taxes and mortgages: 'Look at the results'
ProCap Financial Chairman and CEO Anthony Pompliano analyzes Silvia AI's capabilities and the Bitcoin rally despite the the Clarity Act failure on 'Varney & Co.'
Clarity Act will have 'large positive impact' on crypto and global economy, Ethereum co-founder says
Ethereum co-founder and MetaMask Chairman and CEO Joe Lubin discusses the impact of the Clarity Act on cryptocurrency and the economy and MetaMask's protections against crypto scams on 'Varney & Co.'
Tim Scott warns Democratic opposition to CLARITY Act could jeopardize US financial leadership
Tim Scott warns that Democratic opposition to the Clarity Act risks costing America its leadership in the next evolution of financial markets.
Coinbase CEO expresses optimism ahead of Senate Clarity Act vote
Coinbase CEO Brian Armstrong discusses the upcoming Senate vote on the Clarity Act and expresses optimism that the crypto bill will receive the 60 votes needed to advance on 'The Claman Countdown.'
Hunter Biden lashes out after $LAPTOP meme coin collapse
Former first son Hunter Biden erupted online after his $LAPTOP meme coin collapsed, blaming a "f--- up" that left four out of five investors with losses.
Pirro targets illicit Chinese-language marketplace accused of defrauding Americans
U.S. Attorney Jeanine Pirro announced sanctions against Xinbi, a Chinese-language Telegram marketplace accused of laundering money for cryptocurrency scams targeting Americans.
Hunter Biden launching a laptop-themed cryptocurrency
Hunter Biden's $Laptop meme coin launches on Base blockchain, with 20% of tokens going to those who lost money on Trump's $TRUMP crypto coin.
DOJ seizes $560K in cryptocurrency allegedly intended for Hamas, disrupts online recruitment network
The FBI seized approximately $560,000 in cryptocurrency and disrupted Hamas recruitment websites, obtaining names of thousands of alleged donors.
SEC proposal could open floodgates to make America capital of digital cash
SEC Chairman Paul Atkins says the agency's new crypto proposal aims to reverse an exodus of innovators chased offshore from the United States.
Anthony Pompliano breaks down Bitcoin rally
ProCap Financial chairman and CEO Anthony Pompliano analyzes the massive Bitcoin rally on 'Varney & Co.'
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.