Mango Markets is a DeFi platform based in Solana that trades digital assets for spot margin and trading perpetual futures. It was the target of an exploit hack in October 2022. By manipulating the DeFi protocol’s collateral, the attacker was able to steal more than $100 million from it and obtain a significant amount of loans from the Mango Treasury. […]
Read moreThe FTX and Alameda implosion, which has been described as the fastest big corporate failure in American history, affected international government agencies, media corporations, airlines, and manufacturing companies, among many others. Judge John Dorsey, who is overseeing the bankruptcy proceedings, allowed the FTX lawyers to publish a list of institutional investors that credited money to the failed crypto exchange. Some […]
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The Web3 Foundation, which supports the Polkadot protocol, has again presented its argument that its native DOT (DOT) token is not a security. In a Twitter thread, the foundation emphasized its efforts to comply with U.S. securities laws, as well as Securities and Exchange Commission guidance on digital assets, and declared that DOT had successfully “morphed” and is software, not […]
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Elon Musk, CEO of Twitter, SpaceX, and Tesla, has given his opinion about the latest reports on the creation of a common currency in Latam, to be initially worked on by Argentina and Brazil. Musk stated that this move would be “probably a good idea,” commenting on the topic on social media. Elon Musk Gives His Take on Latam Common […]
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Binance Coin (BNB) is consolidating above $300 support as it approaches resistance at $317. Binance Coin price long term forecast: bullish The altcoin’s uptrend ended on January 14 when it reached a high of $314.40. The altcoin was forced to move sideways below the resistance level, which caused the cryptocurrency asset to enter an overbought zone. BNB will move up […]
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The World Economic Forum (WEF) convenes in Davos annually, taking over the Swiss skiing town. The main promenade is flush with events and companies renting out properties, with an increasing presence from companies in the cryptocurrency and blockchain space. The entrance to the WEF compound is restricted by cement barriers and security personnel, drawing an invisible line between the conference […]
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On Wednesday (25 January 2023), the research arm of Binance (the world’s largest crypto exchange by trading volume) explained why in the past 2-3 weeks $APT (up 424% so far in 2023), the native utility and governance token of Web3-focused layer one (L1) blockchain Aptos has been doing so well. The Aptos blockchain is being developed by a startup named […]
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Bitcoin (BTC) has continued to move in the right direction despite entering the overbought area of the market. Bitcoin price long term forecast: bullish Bitcoin traded and climbed to a high of $23,812 yesterday, but was stopped out. Had buyers managed to break through the $24,000 resistance, the BTC price would have reached a high of $25,212. As the BTC […]
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