Crypto News

In a curious turn of events, Thevamanogari Manivel and her husband Jatinder Singh are facing trial over a theft charge. The Melbourne couple received an accidental transfer of 10.5 million Australian dollars ($6.7 million) from Crypto.com in May 2021. Initially, the couple attempted to transfer 100 AU$ to Singh’s Crypto.com account, but due to a mismatch between the bank and exchange accounts, a refund was issued. However, Crypto.com mistakenly sent 10.5 million AU$ instead.

The blunder

The crypto exchange FTX has seen a surge in interest from debt investors amidst its ongoing bankruptcy, with investment firms such as Silver Point Capital, Diameter Capital Partners, and Attestor Capital purchasing over $250 million of FTX debts in 2023. This rush is due to the belief that the firm’s bankruptcy resolution could unlock additional value. However, the exact worth of a collapsed crypto firm like FTX remains uncertain.

The price of some FTX claims has dramatically increased

In a recent report, the European Parliamentary Research Service (EPRS) emphasized the necessity for stringent oversight from non-European Union regulators to enhance stability and growth in the worldwide cryptocurrency market. This comes in light of the Markets in Crypto-Assets Regulation (MiCA) Act, due for implementation by December 2024.

The report warned about potential risks to the EU’s financial system and autonomy due to dependency on non-EU countries’ policies, particularly wher

Argentina’s struggle with hyperinflation has been ongoing for several decades, with failed policies leading to potential full-scale currency collapse. However, Bitcoin’s potential as a viable alternative has been put to the test. Despite a significant increase in the Bitcoin price in Argentine pesos, it has not kept pace with the country’s 300% inflation over the last two years.

Bitcoin’s price rose from 7.84 million pesos to 16.6 million pesos over two years, a 150% increase. However,

Poland’s Personal Data Protection Office (UODO) has initiated an investigation into OpenAI, following a complaint by an unnamed individual. The complainant alleges that OpenAI’s ChatGPT processed his data in an illegal and unreliable manner, also stating that the company didn’t fulfill his requests as per the European General Data Protection Regulation (GDPR) guidelines.

This isn’t the first time that OpenAI has been scrutinized over possible GDPR non-compliance. Earlier this year, Ital