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 The FBI has issued a warning to cryptocurrency investors about the dangers posed by hackers stealing bitcoin from decentralized finance (DeFi) systems. Cybercriminals are increasingly targeting DeFi platforms, specifically smart contracts, in order to steal cryptocurrencies. The agency has also seen criminals utilize "flash loans," which are secured by smart contracts on a blockchain and cannot transfer funds until specific conditions are satisfied. Crypto bridges, which enable users to transfer cryptocurrency from one blockchain to another, have exhibited high rates of security vulnerability. The vast majority of 2018's significant crypto thefts may be traced back to these vulnerabilities. More than half of the $1.9 billion stolen this year through DeFi protocols is thought to have been perpetrated by hackers with ties to North Korea.

Iran's government outlawed cryptocurrency trading at the start of 2019. The proliferation of thousands of crypto-mining facilities in Iran has had a significant impact on the country's overall power grid, which explains this phenomenon. Iran started using cryptocurrency to settle foreign trade in 2022 as the country looked for alternatives to the US dollar and international banking. Iran recently received its first official import order paying in cryptocurrency. Smart contracts are predicted to become more prevalent in international trade as countries such as Iran seek to circumvent sanctions.  

New information about the Reserve Bank of India's (RBI) central bank digital currency (CBDC) implementation plan has been made public. The digital rupee's pilot program will begin in the 2022-2023 fiscal year, as originally scheduled, but it will only be available to wholesale enterprises at first. A source told Business Standard that the CBDC's layout prevents test subjects from maintaining their privacy.  

A Pudgy Penguins NFT sold for 400 ETH on Monday, which is the largest sale in terms of ETH so far. The collection's base price has nearly tripled in the past month. In September 2021, when one ether was worth about $3,505, a rare penguin with a mirrored characteristic and a green background sold for 225 WETH. CoinUnited, an OpenSea user, made the greatest sale ever but lost $159,995 owing to a fluctuation in the price of ETH.  

The e-naira app has been downloaded 840,000 times in the ten months after it was first made available by the Nigerian central bank. Based on this information, it appears that less than one million Nigerians have adopted the digital money. The CBN's goal, as stated by Governor Godwin Emefiele, is to make the CBDC available to all citizens of Nigeria.  

The Bank of China is the first institution to implement a novel application of China's central bank digital currency (CBDC) system. The e-CNY smart contracts function is used to automate the process of sending funding to after-school programs. Private schools often allow parents to put down a deposit for a set of sessions. The smart contract then automatically processes payment after each class, making refunds convenient. The Digital Research Institute, the Chengdu Longquanyi District Education Bureau, and the Chengdu Tianfutong Financial Services Co., Ltd. are collaborating on the project to bring the product to the city of Chengdu in China's Sichuan province first.  

The price of bitcoin dropped from $22,738 to below $21,12.34 at 4:00 p.m. ET last friday. The largest digital coin in circulation again topped the $25,000 mark for the first time since June. The price of ether dropped from $1,808 to $1,728 at the same time before slowly recovering. By 4 PM ET, it had dropped even more, to $1,683.90. It's possible that digital currencies are heading in the same direction as stocks. Long positions on Bitcoin perpetual futures markets may have been liquidated. Bitcoin and ether both lost value on Thursday, but ether has gained over 100% since mid-June as investors prepare for a major update to the ethereum network.