Bithumb hacked for $19 million by insiders with funds already sent to other exchanges – The Block
Bithumb, the largest cryptocurrency exchange in South Korea, was hacked on Friday. More than 3 million EOS (~$12.7 million) and 20 million XRP (~$6.2 million) appears to be stolen.
tags: CyberRisk CryptoAssets Liquidity ETFs Blog
Major Private Indian Bank Partners With Ripple for Cross-Border Remittances
India’s Federal Bank, a commercial private bank, has partnered with Ripple to use its network for cross-border remittances.
tags: Ripple Fintech blog Blockchain Blog
Bank runs in the digital era | FT Alphaville
Mark Zelmer’s independent review into the UK’s Co-operative Bank provides one of the first clear critiques of new regulations designed to stabilise the banking system, particularly the risk of bank runs and the role of open banking in the allocation of capital.
tags: Fintech OpenBanking Regulation Blog
RBI: WhatsApp yet to comply with data localisation norms
The Reserve Bank of India (RBI) has said that the popular messaging platform WhatsApp is not in compliance with the central bank’s data localisation norms in India. RBI’s comments come as response in an affidavit, reviewed by TOI, filed with the SC on Wednesday after the apex court made the central bank a party to a writ petition in January.
tags: Fintech Regulation Blog