JPMorgan Faces Accusations of Discrimination and Illegal Account Closures, Prompting Market Anxiety
They suspect the bank of discrimination And found plenty of examples of illegal customer account closures This story could be a driver of new anxiety in the markets Late news about banking giant JPMorgan has sparked a new debate about capital use in t ...
Revolut Faces Denial of Banking License in the UK
Central Bank has already made its decision and announced it to the Finance Ministry The reason was inconsistencies with the 2021 audit But the rejection will not prevent Revolut from continuing its current services The Telegraph reports that Britain p ...
Societe Generale’s Euro CoinVertible Stablecoin Code Criticized by Crypto Community
Yesterday, a new stablecoin called Euro CoinVertible was introduced on Ethereum by a subsidiary of Societe Generale, a French bank. However, it has been discovered that the code of the smart contract was written poorly. After an audit of the EURCV code by developers from the crypto community, ...
DeFi Project Terraport Finance Hacked, Losing $4 Million Worth of Tokens
A DeFi project called Terraport Finance was recently targeted by hackers, resulting in the theft of 9.5 million TERRA, 15 billion LUNC, and 5.5 million USTC tokens, totaling $4 million. The team behind Terraport Finance took to Twitter to inform its community of the breach and that they are activ ...
Tether: The Controversial Stablecoin and Its Ongoing Audit Concerns
The world of cryptocurrencies is rife with opportunities and challenges. Each cryptocurrency comes with its own set of benefits and drawbacks. While some cryptocurrencies are overlooked by regulators, others face technical difficulties. For instance, Ripple is currently under the radar of regulat ...