An attacker targeting the currency’s ecosystem drained funds from thousands of wallets in an incident that could draw increased regulatory scrutiny to digital assets.
Solana ecosystem hit by widespread hack draining thousands of crypto wallets
Hackers have targeted the Solana ecosystem, draining crypto funds from thousands of connected wallets. Such attacks are common among blockchain platforms, but the news is still significant given the ...
Solana wallets ‘drained’ in blow to crypto network
Thousands of crypto accounts linked to the Solana blockchain have been “drained” in a blow to one of the biggest networks in the digital asset market. Solana and several others products linked to the ...
As Ruble Cascaded Out Of Russia Via Crypto, Binance Capitalized
As risk-averse financial firms exited Russia, crypto exchanges chose to navigate the chaotic sanction-ridden landscape — for some, it paid off.
EU securities watchdog to arm itself with crypto data
The European Union's securities watchdog has begun preparations for increased scrutiny of crypto transactions after the bloc agreed groundbreaking rules to regulate what it called a "Wild West" sector ...
Thousands of Solana crypto wallets drained in yet another massive hack
Just a day after a massive hack resulted in roughly $190 million of crypto assets missing from Ronin crypto bridge, Solana users appear to be targeted by a widespread hack, with crypto assets being ...
China’s Problem Isn’t Nancy Pelosi —It’s Turning Japanese
Covid-19, crashing property values, inflation, Nancy Pelosi, you name it. But the Chinese president’s biggest problem might be in Tokyo. Something strange is going on amongst Chinese banks: a whole ...
No worries about U.S. demand for now, Japan’s Subaru says
Japan's Subaru Corp expects strong demand from U.S. car buyers to continue, a senior executive said on Wednesday, amid growing concern about a slowdown in the world's largest economy. Chief Financial ...
Japan’s Nikkei rises as investors pick up firms with positive earnings
Japan's Nikkei index ended higher on Wednesday, rebounding from the previous session's losses, as investors scooped up shares of Daikin Industries and other firms that reported robust earnings. The ...
New York regulators slap Robinhood’s crypto business with $30 million fine
In the latest in what seems to be a string of challenges the company has to grapple with, Robinhood's crypto division has been slapped with a $30 million fine by the New York State Department of ...
Are There Opportunities In Emerging Markets, Metaverse Or Crypto Right Now? What Legendary Investor Mark Mobius Thinks
Emerging markets expert and founder of Mobius Capital Partners, Mark Mobius, is not piqued by the metaverse but thinks the companies that are creating it could be an interesting opportunity. He also ...
Two Orange County men sentenced to federal prison for $1.9-million crypto scheme
The men conned more than 2,000 investors into buying a cryptocurrency called Drops and used the invested money to line their own pockets, prosecutors said.
The crypto crash is bad news for ransomware criminals
As the price of bitcoin and other crypto tokens has tumbled, even criminals have felt the pinch. Benjamin Pimentel ( @benpimentel) covers crypto and fintech from San Francisco. He has reported on many ...
Robinhood lays off 23% of its staff, blaming crypto meltdown and inflation.
Robinhood declined to comment on the layoffs. The announcement followed closely on the heels of cuts in April, when Robinhood laid off 340 workers, or about 9 percent of its employees at the time.
NY fines Robinhood Crypto $30M for skirting banking rules
An examination of operations found the company's compliance with banking regulations had not kept up with growth.
Japan’s Nomura Q1 Net Profit Slumps 96.5% on Market Headwinds
Nomura Holdings Inc, Japan's biggest brokerage and investment bank, on Wednesday reported a 96.5% drop in first-quarter net profit as financial market turbulence battered investment banking and asset ...