Author: BitcoinInfo.com

Matt Damon-backed crypto firm accidentally sent woman $10M – who used it to buy mansion

The cryptocurrency firm that hired Matt Damon as a pitchman for its Super Bowl commercial last year mistakenly wired $10.4 million to an Australian woman who then used the money to buy a mansion for her sister in Melbourne, according to a report.

Cryptocurrency firm accidentally sent $10.5 million rather than $100 to an Australian woman but took 7 months to realize it

Crypto.com accidentally sent a woman $10.5 million rather than $100, according to a legal document. It noticed seven months later, after carrying out an audit, according to the default judgment. The woman bought a $1.35 million house with the mistaken payment, Crypto.com said in the judgment.

Crypto.com accidentally sends woman $10 million instead of $100. She went and bought a mansion.

Cryptocurrency exchange Crypto.com mistakenly deposited $10.5 million directly into a woman’s bank account when the platform only intended to give her a $100 refund. According to 7news in Australia, a Melbourne woman received the giant payment back in May 2021, and several months later, Crypto.com discovered its error.

A divide has emerged in EU and UK crypto regulation

Matthew Elderfield is a former alternate chair of the European Banking Authority The shape of EU and UK crypto regulation is now clearer than it was before. We have a deal in Europe on the markets in cryptoassets (Mica) regulation, the financial services and markets bill is being read by the UK parliament and new UK Financial Conduct Authority rules are coming for high-risk investments.

Crypto.com Sues Woman After Accidentally Sending Her $7.2M

Cryptocurrency trading platform Crypto.com is suing an Australian woman to whom it accidentally transferred $10.5 million AUD (about $7.2 million USD) instead of the $100 AUD ($68 USD) refund she requested. As 7News reports(Opens in a new window) (via Decrypt(Opens in a new window) ), Thevamanogari Manivel requested the $100 AUD refund in May 2021, but Crypto.com transferred $10.5 million AUD into her account.

Crypto firm accidentally gave $10.5M to sisters, now wants their $1.35M house

After a Crypto.com employee entered the wrong account number and mistakenly sent AU$10.5 million to an Australian woman who had requested an AU$100 refund, a court document shows it took seven months for the cryptocurrency exchange platform to discover its error.

Crypto Exchange Founder Fled With $2 Billion Busted, Faces 40,000 Years in Jail

(Image credit: Shutterstock) The founder of Thodex, a sizeable Turkish cryptocurrency exchange service, who fled the country with $2 billion last year, has been arrested. He now faces some 40,564 years in jail. Last year various cryptocurrency-related scams weighed in at $7.7 billion. Some of the scammers stole thousands; some ended up with millions.

https://www.bloomberg.com/news/videos/2022-08-31/crypto-is-coming-back-bankman-fried-says

Crypto Startup Clashes With Deloitte Over Domain – And Wins

By Shalini Nagarajan / August 31, 2022, 6:21 am EDT The World Intellectual Property Organization said the disputed name is simply an abbreviation of the crypto firm’s service Still, privacy-focused crypto startup DKYC is now rebranding its website to “ShadowFi” Crypto startup Don’t Know Your Customer has managed to avoid a cybersquatting complaint put forth by accounting giant Deloitte over its domain name.

Crypto.com suing woman who mistakenly received $7 million refund, bought a home

The technical term is “D’oh!” Crypto.com, one of the biggest cryptocurrency exchanges and namesake for a certain Los Angeles sports venue, mistakenly sent $7.2 million to an Australian woman instead of the $68 refund she was due. Now it wants the money back.

Crypto Lawyer Roche Beset On 2 Fronts After Leaked Videos

Kyle Roche, a lawyer specializing in crypto issues, is fighting a two-front battle as client Ava Labs seeks to distance itself from the attorney and a Norwegian investor says he should be disbarred after leaked videos focused attention on his legal tactics.

Crypto Firm Accidentally Transfers $10.5 Million To Australian Woman, Realises After 7 Months

Cryptocurrency exchange Crypto.com accidentally transferred $10.5 million to an Australian woman’s account while processing a $100 refund. The transaction went unnoticed for over seven months before a company audit revealed the error in December 2021. The crypto exchange mistakenly made the payment to Thevamanogari Manivel after entering her account number into the payment amount field.

Dragonfly GP talks web3’s current and future state at TC Sessions: Crypto

While the overall crypto markets have been in a rough spot lately, web3 venture capitalists have never had more conviction – or more funding at their disposal – to back startups and teams building in the space.

Crypto.com Gave a Woman a $10.5 Million Refund and Now It Wants It Back

What would you do if a company accidentally sent you millions in dollars you never asked for? Well, Australia-based news outlet reported Tuesday that Crypto.com, one of the most high-profile crypto platforms in the world, had made an extremely expensive whoopsie last year after a woman living in Melbourne, Australia asked the company for a refund.

Crypto.com claws back fortune after accidentally minting a millionaire

Let’s say you were Thevamanogari Manivel, a woman in Melbourne, Australia with an interest in crypto, and you allegedly used Crypto.com to request a refund of 100 Australian dollars, but instead received $10.5 million (about $7.2 million in U.S. dollars) by mistake. Would you immediately transfer the funds back?

AVAX price rebounds 15% after Crypto Leaks sell-off, but Avalanche could still bury bulls

Avalanche ( AVAX) bulls snubbed the sensational claims made by a self-proclaimed whistleblower website that the project’s parent firm, Ava Labs, paid lawyers to damage its competitors’ reputation. AVAX’s price established an intraday high of $19.75 on Aug. 30, two days after bottoming out locally at $17.50, amounting to a 15% rise.

Bitcoin falls 13% in August, and how the Merge will cut Ethereum’s energy use: CNBC Crypto World

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Omid Malekan of Columbia Business School discusses how The Merge will change Ethereum’s energe consumption.

Ethereum may drop to $1k for the first time in two months if…

Ethereum [ETH], the largest altcoin remains hyped due to the upcoming upgrades in September. Despite that, traders have had a hard time trusting ETH with their life savings as falling funding rates continued. But for how long? Could one see a price uptick amidst the sea waves of fear across the network?

Total Staked ETH More Than Doubles Ahead Of Ethereum Merge | Bitcoinist.com

Staking ETH had first begun on the Ethereum network about two years ago when the move to proof of stake was officially put in motion. Since then, the amount of ETH staked on the network has ramped up. By 2021, the total staked ETH on the Ethereum network had surpassed 5% of the total circulating supply.

Ethereum Layer 2 Arbitrum Completes Nitro Upgrade

Arbitrum has completed its Nitro upgrade. Arbitrum says Nitro increases transaction throughput, reduces fees, and provides a better user experience for developers building applications. Now that Nitro has expanded Arbitrum’s transaction throughput, the network will likely restart its Arbitrum Odyssey Campaign.

https://beincrypto.com/eth-mining-pos-activities-prohibited-says-data-service-provider

What is the Ethereum merge and how will it impact the blockchain?

The merge is estimated to make Ethereum 99pc more energy efficient, but some experts argue it fails to address other issues on the network such as scalability and cost. A big change is set to hit the crypto space, with a long-anticipated upgrade to the Ethereum blockchain.

https://www.youtube.com/watch%3Fv%3Ds1qmx4pmjAQ

Ethereum to $2K? ETH price ‘bull flag’ hints at September gains versus Bitcoin, dollar

Ethereum’s native token, Ether ( ETH), looks ready to grow stronger compared to the U.S. dollar and Bitcoin ( BTC) in the days leading up to its proof-of-stake transition in September. The bullish outlook emerges from classic technical indicators on ETH/USD and ETH/BTC charts.

Top Crypto Analyst Issues Ethereum Alert, Says ETH Rally Different From March 2021 Bull Run – The Daily Hodl

A popular crypto strategist is issuing an alert to Ethereum traders, saying ETH’s recent rally is not the same as last year’s bull run. Pseudonymous analyst Rekt tells his 327,800 Twitter followers that while Ethereum managed to stay above support at $1,500, he believes ETH will likely resume its downtrend after a bounce.

Ethereum Merge: What To Expect and How To Prepare

The mythical merge is finally coming to fruition. And, after a rough-and-tumble year for the crypto world, Ethereum’s long-awaited software update could inject some much-needed energy into the Web3 space while scoring a significant win for the environment.

Bitgert (BRISE), Ethereum, and Ripple September Price prediction: Why Bitgert Looks More Promising

Bitgert (BRISE), Ethereum, and Ripple September Price prediction: Why Bitgert Looks More Promising The crypto market looks bullish this morning, and it appears like we are ending the month on a high. The global marketcap was in the green as of writing, and all indicators are that the market is on an upward trend.

Ethereum’s Vitalik Buterin Introduces his Book “Proof of Stake”

Co-founder and inventor of Ethereum Vitalik Buterin presents his book called “Proof of Stake -The Making of Ethereum and the Philosophy of Blockchains.”

Ethereum Classic (ETC) Sees Massive Increase in Hashrate Ahead of Merge Event

Alex Dovbnya Ethereum Classic (ETC) has experienced an 83% increase in hashrate since June, according to data shared by BitwiseInvest researcher Gayatri Dhumal. At the same time, the hashrate of Ethereum (ETH) has dipped by 11% ahead of the upcoming Merge upgrade. Ethereum Classic has been the number one beneficiary of the ongoing exodus of Ethereum miners.

Will Ethereum Go Up After The Merge?

Ethereum’s (ETH) long-awaited upgrade-commonly referred to as the merge-could be the most important event in cryptocurrency markets this year. The final phase of this massive upgrade to the leading altcoin’s network began Sept. 6, with the implementation of the Bellatrix upgrade. An upgrade that

On-Chain Analysts Find Quality Test Contract For Uniglo (GLO) On Ethereum (ETH) Testnet And Catching Interest From Polygon (MATIC) Community

On-chain analysts are a special breed of cryptocurrency market watchers who study investment decision factors such as transaction data and crypto wallet amounts. For example, they look at on-chain transactions to ascertain market sentiment and ensure that a certain cryptocurrency is being actively traded or held by wallets with significant holdings.

Ethereum miner balance reaches four-year high weeks before the Merge

The Ethereum Merge is slated for Sept. 15, which will see the Ethereum blockchain move from its current proof-of-work (PoW) mining consensus to proof-of-stake (PoS). The Merge is being touted as one of the biggest upgrades for the Ethereum blockchain as it would help the network move to a more energy-efficient way of verifying transactions and eliminate PoW mining completely.

Switching to PoS-Ethereum’s predicted corruption

This post originally appeared on ZeMing M. Gao’s website, and we republished with permission from the author. Read the full piece here. Ethereum is about to switch from Proof-of-Work (PoW) to Proof-of-Stake (PoS). It is a predictable stage of corruption for an account-based system like Ethereum (see below).

What you need to know about the Ethereum Merge and the climate

Patents are the primary means of protecting IP – trademarks, copyrights, and trade secrets offer additional IP protection – and represent a rule-of-law guarantee akin to a deed’s role in protecting land ownership. The founders of the United States wrote patent protection into the Constitution to “promote the progress of science and the useful arts.”

Ethereum Plans to Cut Energy Use by Nearly 100%

Cryptocurrency Ethereum says it is reducing its energy consumption by nearly 100% resulting in significantly fewer carbon emissions without compromising its operations. The program is called the Merge and instead of using traditional cryptocurrency mining, which is energy-intensive, uses a proof-of-stake system to validate transactions.

CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data

Leader in cryptocurrency, Bitcoin, Ethereum, XRP, blockchain, DeFi, digital finance and Web 3.0 news with analysis, video and live price updates.

Bitcoin Funding Rates Remain Positive As Bullish Sentiment Continues

On-chain data shows the Bitcoin funding rates have remained at positive values recently as the crypto’s price has continued its recovery. Bitcoin Funding

Bitcoin Mining Difficulty Spikes as Profitability Drops for Mining Companies – Decrypt

Bitcoin is becoming harder to mine. The mining difficulty for the world’s biggest cryptocurrency’s jumped by 9.26% over the last two weeks, to data from BTC.com. Analysis by the website shows that the network’s mining difficulty is the highest that it has been since January, hitting ​​30.97 trillion, with the hashrate hovering over 230 exahash per second (EH/s) today.

Wall Street believes Bitcoin price hit its bottom after key move by US Federal Reserve

Bitcoin price likely hit a floor after Jerome Powell’s speech at the Jackson Hole symposium. Wall Street analysts believe the US Federal Reserve chair’s comments on financial markets triggered a Bitcoin price drop. Bitcoin price begins an uptrend, eyeing the target at $21,895 level, analysts remain bullish on BTC.

Roche Freedman Partner Exits Crypto Cases After Video Post

The leader of a boutique law firm that specializes in cryptocurrency litigation is moving to exit at least two cases after the posting of recordings showing him discussing his relationship with crypto startup Ava Labs.