In October 2022, Avraham Eisenberg, a skilled crypto trader, took advantage of a vulnerability in the decentralized exchange (DEX) on the Solana blockchain called Mango Markets. By manipulating the price of Mango Market’s native token (MNGO), he was able to siphon around $110 million worth of different cryptocurrencies from the platform in a major exploit. … Read more
The International Monetary Fund (IMF), founded in 1944, is an international institution based in Washington, D.C., with 190 member nations. Its mission is to foster global monetary harmony, ensure financial stability, encourage international trade, and promote employment and economic growth that is both sustainable and poverty-reducing for all members. Each country pledges to uphold economic … Read more
Why you should listen Based on groundbreaking L2 research, this network’s innovative design merges robust infrastructure with zero-knowledgeproofs, offering developers an optimal experience by integrating proven technology and advanced privacy features. Users can discover innovative possibilities at the sequencer level with advanced speed and security, resulting in quicker transactions and lower costs. Zircuit is currently … Read more
The Ethereum community is at a crossroads with the US Securities and Exchange Commission (SEC) examining if Ether (ETH) qualifies as an investment security. This scrutiny has raised alarm bells among industry insiders, including Consensys, a significant contributor to Ethereum. Bill Hughes, Consensys’ Senior Counsel and Head of Global Regulatory Affairs, expressed his views on … Read more
This afternoon, Frederik Gregaard, the CEO of the Cardano Foundation, shared details about the new governance system intended for Cardano. This announcement signifies a significant milestone in the development process of this blockchain platform. The Cardano Foundation, located in Zug, Switzerland, is a non-profit entity responsible for managing and guiding the evolution of the Cardano … Read more
Anthony Scaramucci, the founder and managing partner at SkyBridge Capital, talked about Bitcoin on CNBC’s “Squawk Box” on April 18. He covered topics such as its volatile nature, role as a safe haven asset, rate of adoption, and possible effects of US-listed Bitcoin ETFs. Scaramucci acknowledged the challenges in accurately forecasting Bitcoin’s short-term price fluctuations … Read more
In a thorough study called “The Bitcoin Halving: A Programmatic Monetary Policy,” authors Juan Leon and Matt Hougan from Bitwise Asset Management investigate how Bitcoin’s halving events influence its pricing and mining community. This academic piece goes deep into the reduction of rewards for miners, an inherent part of Bitcoin’s blockchain system that splits the … Read more
April 17, 2024, saw a prominent crypto authority as a guest on CNBC’s “Squawk Box” program. They talked about various significant issues in the cryptocurrency market: the upcoming Bitcoin halving, recent price swings, and Bitcoin’s potential future direction. Anthony Pompliano, commonly referred to as “Pomp,” holds a significant presence in the realm of cryptocurrencies and … Read more
Top American financial regulatory figures such as Jerome Powell (Federal Reserve Chair), Janet Yellen (Treasury Secretary), and Wally Adeyemo (Deputy Treasury Secretary) have recently expressed their support for Congress passing laws to regulate stablecoins. On April 17, Senators Kirsten Gillibrand (Democrat from New York) and Cynthia Lummis (Republican from Wyoming) presented a bipartisan bill called … Read more
Rebecca Sin of Bloomberg, an ETF analyst, has brought attention to the possible hurdles and opportunities for newly authorized Bitcoin and Ether ETFs in Hong Kong. As reported by Sin, mainland Chinese investors may encounter substantial obstacles when trying to invest in these funds due to current regulations limiting virtual asset investments. Although individual investors … Read more