Mango Market’s exploiter Avraham Eisenberg’s attempt to replicate his “highly profitable trading strategy” on Aave (AAVE) has failed, resulting in the loss of millions. CRV war was played out on #Aave yesterday and ended with the longer defeating the shorter. 1.🧵 ponzishorter.eth shorted $CRV by borrowing and dumping $CRV;$CRV guardians bought $CRV, soaring the price …
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The cryptocurrency market cap saw net inflows of $47.8 billion over the last 24 hours and currently stands at $829.3 billion, up 6.1% over the reporting period. Bitcoin’s market cap grew 5.4% to $318.7 billion from $302.5 billion, and Ethereum’s increased 8.2% to $143.4 billion from $132.6 billion. All of the top 10 cryptocurrencies posted …
On Tuesday, the attorneys representing FTX told the court that a “substantial amount of assets have either been stolen or are missing” and further stressed to the bankruptcy court that FTX executives left the lawyers James Bromley and Sullivan Cromwell with limited information. Bromley further likened the former FTX CEO Sam Bankman-Fried’s (SBF) crypto empire …
Litecoin extended recent gains on Nov. 23, with the token climbing to its highest point since May. The move saw prices climb by nearly 20% in today’s session, and comes ahead of this afternoon’s Federal Open Market Committee (FOMC) minutes. Solana also surged on Wednesday, moving nearly 20% higher. Litecoin (LTC) Litecoin (LTC) rose for …
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Following the significant amount of criticism directed at mainstream media publications for a lack of journalistic integrity while reporting on FTX executives, Tesla’s executive Elon Musk called out the news website Semafor because the former FTX CEO Sam Bankman-Fried (SBF) was a lead investor. Musk took to Twitter and let Semafor know that he believes …
A moratorium on some crypto mining operations relying on carbon-based energy has been signed into law in New York. Businesses engaged in proof-of-work mining in the state will not be able to expand or renew their permits for the next two years as a result of the ban, which is likely to have consequences for …
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Bitcoin moved back above $16,000 on Nov. 23, as markets continued to react to the news that Coinbase holds 2 million bitcoin worth $39.9 billion. Centralized exchanges continue to face scrutiny following the collapse of FTX, with many moving to showcase their proof of reserves. Ethereum was also higher, with the token moving back towards …
Law enforcement officers from Estonia and the United States have arrested two men for allegedly committing a large-scale cryptocurrency fraud. The Estonian nationals, who ran a crypto mining service and a fake virtual currency bank, laundered their proceeds, spent on cars and real estate, and donated to a politician. Estonian Police, FBI Detain 2 Crypto …
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sponsored What is BUSD? Recently, there have been many questions about the safety and soundness of products in the crypto space. There have been many questions about stablecoins in general, so this piece is intended as an explanation of BUSD. First and foremost, BUSD is a stablecoin pegged to the US Dollar (USD) which came …
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Many crypto traders are now looking for FTX alternatives, i.e. safe trading platforms for cryptocurrency with no insolvency issues. As the oanda.com website states, OANDA […] Go to Source
Popular crypto analyst Nicholas Merten says that Ethereum (ETH) remains overvalued and he expects a steep price decline. In a new video update, Merten tells his 512,000 YouTube subscribers that the current value of the smart contract platform Ethereum is heading downward according to the analysis of its weekly chart. “As we’ve emphasized many times …
Anxious to mint a piece of crypto history as a digital collectible? The time has almost come. After amassing a waitlist of more than 400,000 participants, spurring a delayed but fairer launch, Cointelegraph’s Historical nonfungible token (NFT) collection opened on Nov. 23 for waitlisters and will go live on Dec. 1 for the general public. …
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USD Coin (USDC), a stablecoin issued by the U.S.-based Circle Financials Ltd, is taking the lead over its top rival, Tether (USDT), when it comes to institutional adoption, according to on-chain data. USDC daily transfer volumes are higher The market capitalization of USDC tokens in circulation comes to be around $44 billion versus USDT’s $65.42 …
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The ongoing crypto bear market has proven itself to be a builders market as investments continue to find projects with promise. Onomy, a Cosmos blockchain-based ecosystem, just secured millions from investors for the development of its new protocol. The project merges decentralized finance (DeFi) and the foreign exchange market to bring the latter on-chain. According …
Continue reading “DeFi protocol raises $10M from Bitfinex, Ava Labs despite turbulent market”
Despite Japan’s uncertainty on whether to issue a central bank digital currency (CBDC), the Bank of Japan (BoJ) continues experimenting with a potential digital yen. The Japanese central bank has started a collaboration with three megabanks and regional banks to conduct a CBDC issuance pilot, the local news agency Nikkei reported on Nov. 23. The …
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