Hong Kong Virtual Banks Target Web3 Growth Amid Regulatory Challenges
Hong Kong’s virtual banks are exploring opportunities in the Web3 space despite capturing 0.3% of retail bank assets. Hong Kong’s virtual banks are reportedly facing a pivotal moment, capturing only a small share of the financial market with just 0.3% of the assets held by all retail banks. As reported by the South China Morning Post […]
Rain Exchange Hacker Launders ETH via Tornado Cash
This breach and subsequent laundering activity show the continued vulnerabilities faced by centralized exchanges, even those with strong security measures. The hacker responsible for the recent attack on the Rain crypto exchange has begun laundering stolen Ether through Tornado Cash, a popular mixing service. A blockchain security firm, PeckShield, has closely monitored the situation and identified the […]
Crypto Market Maker GSR Markets Restructures Management
GSR Markets, a digital asset liquidity provider, has announced a management restructure in anticipation of a cryptocurrency rise. GSR Markets, one of the oldest cryptocurrency market makers, announced management changes as part of their efforts to “better serve clients located in different time zones with crypto booming again.” A report from Bloomberg states that the […]
Mark Cuban Reveals Gmail Hack Following Hoax Call
Billionaire investor Mark Cuban asserts that any email transmitted from his account “after 3.30 p.m. Pacific Standard Time” on June 22 was not from him. Mark Cuban, a billionaire investor, claims he lost access to his Gmail account after falling victim to a scam call, just months after losing more than $800,000 in cryptocurrencies. “I […]
Waka Flocka Flame Token Launch Hit With Insider Trading Allegations
Before Waka Flocka Flame announced the launch, around 40% of the total supply of the coin had been acquired. On June 17, American rapper Juaquin James Malphurs, better known as Waka Flocka Flame, introduced the FLOCKA cryptocurrency. Almost immediately after its inception, insider trading claims surfaced. Suspicious transaction activity was discovered with a wallet that […]