How low liquidity led to Mango Markets losing over $116 million

It would seem that the hackers used an “oracle price manipulation” tactic in the exploit on the Solana-based DeFi network, as indicated by a tweet sent by the official account for the Mango cryptocurrency exchange. In mid-October, traders took advantage of a vulnerability in the decentralized finance (DeFi) trading platform Mango Markets and stole more …

USDD Stablecoin Users Increased by 500% in Q3

TRON’s USDD stablecoin has seen a 500% increase in users between Q2 and Q3 2022. The percentage of TRX deposits grew by 9.7%. The number of transactions hit a stable value, while transaction sizes dropped. The average number of USDD holders is 120,000, while the average value held is 6000 USDD. TRX has not reacted …

Fantom (FTM) Up 20% On Andre Cronje’s Supposed Return

Summary: Fantom’s price rallied on Thursday soaring as high as 20% in a single day. The FTM token traded at $0.27 on crypto exchange Binance, per data available on TradingView at press time. Veteran crypto coder Andre Cronje hinted at his return to blockchain and decentralized finance via a Twitter post. Buzz around Cronje’s tweet …

Historically Accurate Signal Suggests Macro Bitcoin Shift Has Arrived, According to Trader Who Called May 2021 BTC Collapse

A popular crypto analyst who called the May 2021 Bitcoin (BTC) collapse says a historically reliable indicator is flashing bullish for the digital asset. Pseudonymous analyst Dave the Wave tells his 129,100 Twitter followers that the moving average convergence divergence indicator (MACD) suggests Bitcoin is coming out of the months-long bear market. ”And there you …

Mastercard adds 7 blockchain startups to its crypto accelerator

Global payments giant Mastercard continues supporting cryptocurrency and blockchain startups as part of its fintech accelerator, the Mastercard Start Path program. Mastercard has chosen another seven industry startups for its Start Path program in order to promote the adoption of crypto and blockchain technology, the firm announced on Nov. 3. The new cohort of startups …

Web Summit Lisbon, Nov. 3: Latest updates from Cointelegraph ground team

Welcome back to the day two coverage of Web Summit, one of the leading tech conferences in the world, with over 71,000 attendees on day two. The summit is live in Lisbon, Portugal, after two years. The summit is known to bring together some of the most prolific personalities from the tech world together and …

Litecoin pre-halving fractal hints at 200% LTC price rally by July 2023

The price of Litecoin (LTC) could skyrocket by up to 200% by July 2023, coinciding with its halving event, reducing miner block rewards by 50%. Litecoin has bottomed out? Litecoin has undergone two halvings since its launch in October 2011. The first one occurred in August 2015, which reduced its block reward from 50 LTC to 25 …

Bitcoin seller exhaustion hits 4-year low in ‘typical’ bear market move

Bitcoin (BTC) sellers may not have capitulated enough, but current trends are “typical” of the end of bear markets. According to data from on-chain analytics firm Glassnode, seller behavior suggests that a macro price bottom is forming. Analyst: Seller exhaustion is “near” bear market lows In the latest hint that Bitcoin’s latest bear market is …

Elon Musk’s Twitter Buyout Receives Support From a16z, Binance

Binance and a16z are backing Elon Musk’s leadership of Twitter. Meanwhile, Musk is making changes to the social network. Elon Musk’s Twitter buyout is gaining support from the crypto industry, while Musk pursues plans to revamp the site’s “blue check” verification system. On Oct. 28, the major cryptocurrency exchange Binance suggested that it is building …

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