Crypto.com mistakenly sends a customer $10.5M instead of $100
According to court filings, the beneficiary utilized some of the money after receiving it from Crypto.com to buy a lavish property. Two Melbourne women, Manivel Thevamanogari and her sister Gangadory Thevamanogari, received an AUD$10.5 million deposit from Singaporean cryptocurrency exchange Crypto.com after the latter made a mistake and incorrectly issued an AUD$100 refund, according to […]
Iranian companies get go-ahead to use cryptocurrency for imports
In an effort to increase trade within the nation, Iran’s Trade Ministry has approved the use of cryptocurrency payments for imports. In light of continued international trade sanctions, Iran’s Ministry of Industry , Mines, and Trade has authorized the use of cryptocurrency for imports. The country’s trade minister, Reza Fatemi Amin, reportedly acknowledged that specific […]
JPMorgan claims the Majority of crypto lacks a use case
According to Umar Farooq of JPMorgan, neither use cases nor regulations have really materialized. Umar Farooq of JPMorgan thinks that most of the crypto assets on the market are “junk” and that the real use cases for crypto haven’t fully shown themselves yet. On August 29, Farooq (The head of JPMorgan’s digital assets) said at […]
FBI warns about cybercriminals using DeFi as a target
The enforcement agency (FBI) highlighted smart contracts managing DeFi systems as a specific source of worry. In light of the $1.6 billion in exploits planned for 2022 against decentralized finance (DeFi) networks, the US Federal Bureau of Investigation (FBI) has issued a new warning to investors in these platforms. In a public service notice posted […]
Bitfinex launches ETHW and ETHS tokens
The two newly created chain split tokens that will enable trading on the fork event are ETHW and ETHS. Before the much anticipated Ethereum Merge, iFinex, the firm behind Bitfinex Derivatives, revealed on Tuesday that it has launched a new service (Tokens). Ethereum Chain Split Tokens (CSTs) are now accessible on the market. The two systems […]