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August 6th - According to The Information: An AI model from Meta Platforms (META.O) compromised another company during a cybersecurity test. Metas MUSE SPARK 1.1 model infiltrated a companys system and made changes to its internal mechanisms. A Meta spokesperson stated that a configuration misconfiguration led to the incident, after which the model exploited a security vulnerability.The European-Mediterranean Seismological Centre reported a 5.7-magnitude earthquake 23 kilometers south of Sarangani in the Philippines.US President Trump: Iran cannot have nuclear weapons.The Central Bank of Brazil cut interest rates by 25 basis points, in line with market expectations.Conflict Status 1. Houthi rebels again claim to have attacked Saudi oil tankers. 2. According to Irans Tasnim News Agency: Yemen is preparing for a full-scale confrontation with Saudi Arabia. US-Iran Negotiations 1. Iranian Foreign Ministry Spokesperson: The Foreign Minister or Speaker of Parliament has no plans to visit Pakistan or Qatar at the moment. 2. Trump: A US-Iran agreement will be decided within 48 hours; US-Iran negotiations are "progressing well," but Iran is unwilling to acknowledge it. 3. According to CNN: A Gulf state official believes there is a 50% chance that the US and Iran will reach an agreement by Friday. Strait of Hormuz 1. Yemeni Armed Forces: A total of 29 Saudi oil tankers were blocked and forced to retreat or return in the Red Sea and Arabian Sea. 2. UK Maritime Trade Operations Office: Received a report on an incident that occurred 9 nautical miles from the Mocha region of Yemen on August 4. On August 4, a ship near Yemen was attacked, resulting in a fire on board. 3. US—① According to Axios, the US plans to announce an agreement on the Strait of Hormuz on Wednesday. ② Trump: The Strait of Hormuz will open soon, or Iran will be attacked. ③ US Central Command: As of August 5, US forces had altered the routes of 48 merchant ships, rendered two ships inoperable, and boarded and inspected two other vessels. 4. Iran—① Iranian Foreign Ministry: Iran is close to reaching an agreement with Oman on the Strait of Hormuz, which would close two existing shipping lanes. A new shipping lane for entering the Strait of Hormuz and part of the journey out of the Strait will pass through Iranian territorial waters. However, the new lane is also temporary and is expected to be usable for 2 to 4 months. The Iranian Foreign Minister or Speaker of Parliament has no plans to visit Pakistan or Qatar at present. ② Foreign media: Iran is seeking to charge ships transiting the Strait a fee of 5% to 7% of the cargo value. Other: 1. US media: The Israel-Lebanon Rome talks ended prematurely due to changes in the situation. 2. Iran—① Iranian President: Communication with the Supreme Leader of Iran is currently "very difficult." ② Iran and Pakistan signed a new partnership agreement, aiming for a $10 billion trade target. 3. Israel—① Israel Defense Forces: An attack will be launched against Hezbollah in a southern Lebanese town. This attack is a response to Hezbollahs violation of the ceasefire agreement. ② The Israeli Ministry of Defense: Just conducted a scheduled test of the long-range Arrow missile defense system. ③ Israeli sources say the response to Hezbollahs serious violation of the agreement is not yet over.

Crypto.com Expands Services With Shopify Offering 0 Transaction Fees

Skylar Shaw

May 18, 2022 09:45

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Crypto.com, one of the world's most well-known cryptocurrency exchanges, announced today that Shopify merchants may now accept cryptocurrency payments with Crypto.com Pay.

Crypto.com Extends Its Merchant Network

Shopify merchants will be able to tap into the market of clients who choose to pay in cryptocurrency, as well as provide chances for existing users who want to take use of this feature.


To further encourage Shopify retailers, Crypto.com is offering to eliminate the 0.5 percent settlement charge on all transactions for the first month following integration. Crypto.com will be able to spread its payment services to additional Shopify customers as a result of this.


Crypto.com now allows customers to make payments anywhere in the globe with no transaction fees, and it also encourages people to utilize its native currency, Cronos, with its payment platform. Users that purchase with Cronos on Crypto.com earn a substantial amount of crypto-cashback, which may reach 10% during specific times.


Users of Crypto.com will soon be able to pay Shopify merchants in 20 different cryptocurrencies, ranging from Bitcoin to Apecoin, as well as Ethereum, Cronos, Dogecoin, and Shiba Inu.


"Providing more consumers and merchants the chance to participate in commerce using cryptocurrencies is a goal for Crypto.com," said Kris Marszalek, Co-founder and Chief Executive Officer (CEO) of Crypto.com. We're ecstatic to be integrating with Shopify and bringing this functionality to even more consumers and businesses across the globe."

Crypto.com Expands Its Collaborations

With brand champions like Matt Damon, Crypto.com's strongest strength is marketing and advertising. As a result, the exchange is expanding to reach a larger audience.


The most recent move in that plan was Crypto.com's five-year collaboration with the Australian Football League, which saw it become the official cryptocurrency exchange and trading platform for both the AFL and the AFLW.


While it shines in terms of growth, it may struggle in terms of investor recovery as Cronos shareholders attempt to recover from the disastrous May 9 catastrophe.


CRO is up 16.64 percent this week, but it will be difficult for the cryptocurrency to recover from the 43.35 percent price drop experienced during the meltdown.