Crypto Weekly Highlights

Crypto Weekly Highlights

By Making Cents | Making Cents | 3 Sep 2022


1. Iranian Authorities Approve New Crypto Payments Bill

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πŸ“° The Iranian government has approved a bill that aims to make bitcoin and other cryptocurrencies legal tender for trade transactions and imports.
πŸ“° The bill includes among others the provision of electricity to crypto miners.
https://crypto.news/iranian-authorities-approve-new-crypto-payments-bill/

2. Crypto.com accidentally sent a woman $7.2 million instead of $68

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πŸ“° Crypto.com is suing a woman for using $10.5 million incorrectly deposited into her account.
πŸ“° Some of the money was withdrawn to buy a multiple million dollar house.
πŸ“° The Judge is ordering for the sale of the house and the return of the funds.
https://www.inputmag.com/culture/cryptocom-sent-woman-105-million-accident-cryptocurrency

3. California Crypto Licensing Bill Awaits Governor's Signature

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πŸ“° A crypto bill is waiting to be signed by the Governor of California.
πŸ“° The bill establishes crypto licenses and is only one step away from becoming a law.
https://decrypt.co/108713/california-crypto-licensing-bill-awaits-governors-signature

4. Crypto.com Champions League Sponsorship Falls Through

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πŸ“° Crypto.com pulls out of sponsoring the Champions League.
πŸ“° The deal would have been one of the largest sponsorship deals in Champions League history.
πŸ“° The deal would have been worth an estimated EUR 500 million.
https://cryptonews.com/news/cryptocom-champions-league-sponsorship-falls-through-report.htm

5. Terra Classic’s 1.2% tax burn supports bullish outlook but here’s an issue

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πŸ“° Terra is trying to rise again from its infamous crash by implementing a burn tax on all transactions.
πŸ“° The 1.2% burn task has caused for a lot of commotion and a decent price surge.

https://ambcrypto.com/terra-classics-1-2-tax-burn-supports-bullish-outlook-but-heres-an-issue/

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