Mango Markets hacker proposes steep settlement

The Solana DeFi protocol suffered a $117 million exploit on Oct. 11, and the hacker wants 70M USDC in “bug bounty.” On Oct. 12, one day after $117 million was drained from Solana DeFi platform Mango Markets via a price feed exploit, the hacker responsible for the attack demanded a settlement. The proposal was filed on the Mango Markets decentralized autonomous organization (DAO) governance forum.  If passed, the procedure would involve the hacker sending stolen Mango Markets (MNGO), Solana (SOL) and Marinade Staked SOL tokens to an address provided by…

COMPREI 100 REAIS EM BITCOIN NA PRÁTICA | Investindo em BTC DO ZERO!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Lancei um fundo de investimentos, conheça o fundo ARCA: – – – – – – – Finclass – Aprenda a investir em Bitcoin e outras criptomoedas na Finclass: Abra sua conta gratuitamente na BISCOINT: COMO COMPRAR BITCOIN NA PRÁTICA | Investindo em BTC DO ZERO! No vídeo de hoje, vou mostrar como comprar Bitcoin NA PRÁTICA! Mas antes… algumas informações importantes: – Como negociar Bitcoin, quais os primeiros passos para investir? A primeira coisa a fazer antes de investir em qualquer classe…

From neglecting security to bad tokenomics, DeFi has played a hand in its own decline

Tokenomics aimed at financing worthless models, rampant hacks, and a lack of real-world utility have played a role in the beleaguered crypto market’s decline. Decentralized finance (DeFi) led cryptocurrency’s rapid growth in early 2021, but the crypto market has since plummeted in value. Global markets have played a role, but so has recklessness among developers when it comes to both cybersecurity and (often self-serving) inflationary token models. Too much DeFi has been based on tokens minted from nothing or tokens that finance other tokens at high interest rates, with no…

Bitcoin Boredom Causes Trading Volume To Dive 38% From September Highs

Data shows the Bitcoin trading volume has declined by 38% since the highs in September as a result of the boring price action in the crypto. Bitcoin Spot Trading Volume Has Plunged Down In Recent Days As per the latest weekly report from Arcane Research, the current 7-day average BTC spot volumes are down to just around $7.9 billion. The “daily trading volume” is an indicator that measures the total amount of Bitcoin being transacted in the spot markets on any given day. When the value of this metric is…

Binance-Backed Blockchain Completes Hard Fork to Mitigate Future Cross-Chain Bridge Hacks – Bitcoin News

The Bnb Smart Chain commenced the blockchain’s hard fork on October 12, at block height 22,107,423, in order to add a security patch to “mitigate the cross-chain infrastructure between [the] Beacon Chain and Smart Chain.” Binance and the Bnb Smart Chain suspended withdrawals and deposits on Wednesday in order to execute the upgrade. Not too long after, Binance noted that the upgrade was complete a touch after 5 a.m. (ET) on Wednesday morning. Bnb Smart Chain Hard Forks to Apply Exploit Patch Five days ago, the Bnb Smart Chain was…

Coin Center files lawsuit against US Treasury over Tornado Cash sanctions

The advocacy group alleged OFAC “exceeded their statutory authority” in sanctioning Tornado Cash because the mixer was a “privacy tool beyond the control of anyone.” United States-based crypto policy advocacy group Coin Center has followed through with its intention to take the Treasury Department’s Office of Foreign Asset Control, or OFAC, to court over sanctioning cryptocurrency mixer Tornado Cash. In an Oct. 12 filing in the U.S. District Court for the Northern District of Florida, lawyers for Coin Center as well as crypto investor David Hoffman, an anonymous human-rights advocate…

Cómo la manipulación de mercado llevó a un exploit de US$100 millones en el exchange DeFi de Solana Mango

En total, el perspicaz trader usó más de 10 millones de USDC para retirar más de US$116 millones desde Mango pagando comisiones mínimas y haciendo todo lo permitido dentro de los parámetros del diseño de la plataforma. Mango no fue hackeada, funcionó exactamente como debía, y un trader ingenioso, aunque con intenciones nefastas, logró arrancar la liquidez de los tokens. Source

Price analysis 10/12: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, SHIB

Bitcoin and most altcoins are likely to witness a pick in volatility following the CPI print on October 13. The United States Federal Reserve has been aggressively hiking rates in an attempt to cool down inflation and that has kept the U.S. equities markets under pressure. Investors have been watching the inflation figures closely for early signs of topping out but to no avail. Wholesale prices rose 0.4% in September, exceeding the Dow Jones’ estimate for a 0.2% gain. This suggests that inflation is yet to respond to the Fed’s…

6 Ways Blockchain Is Transforming The Music Industry | Blockchain

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 6 Ways Is Blockchain Transforming The Music Industry Back when dinosaurs roamed the earth, My dad would buy vinyl and cassettes of the Rolling Stones and play them throughout the weekend. With the advent of cassettes Cassettes they became popular because they were made to play music in a car but this is where a big issue started in the music industry, the ability to make illegal copies of music. Cassettes could be copied The ‘80s and ’90s brought newer trends, and…