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 […]
South Korea Considers a Gift Tax on Crypto Airdrops
Due to a lack of legal framework and investor protection safeguards, South Korea has repeatedly delayed the implementation of its cryptocurrency Gift Tax. Despite the suspension of the cryptocurrency gains fee until 2025, the South Korean Ministry of Strategy and Finance said on Monday that hard forked tokens, staking incentives, and airdrops of virtual assets […]