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More than a year after it launched its central bank digital currency with partner Bitt Inc, the Central Bank of Nigeria is reportedly seeking a new technology partner. The new partner is expected to help the central bank implement a system which gives it greater control of the digital currency. One expert said the central bank should consider improving user experience if it wants to see more Nigerians adopting the e-naira. Controlling the E-Naira’s Underlying Technology The Central Bank of Nigeria (CBN) is seeking to install a new system to…
Bitcoin has surged over 45% so far this year, outperforming traditional risk assets, including Wall Street’s tech-heavy Nasdaq index, by a significant margin. Futures typically trade at a premium in a sign of leverage being skewed on the bullish side when the underlying asset is appreciating in value. Conversely, during bear markets, discounts are often observed. Source
In the event of unforeseen market conditions, Mango’s security council can put the protocol into “post-only mode” to limit deposits, purchases, lending and position increases. The DAO can then vote on whether to halt trades, force settlement or update risk parameters. Source
CryptoX – Cryptocurrency Analysis and News Portal In the event of unforeseen market conditions, Mango’s security council can put the protocol into “post-only mode” to limit deposits, buys, borrows and position increases. The decentralized autonomous organization (DAO) can then vote on whether to halt trades, force settlement or updating risk parameters. Original Source The post DEX Mango Markets Will Alter Multi-Sig Feature to Mitigate Security Threats After $114M Exploit appeared first on CryptoX. CryptoX Portal
The question of what constitutes security according to US securities laws remains a very volatile issue in the crypto ecosystem today. When the FTX Derivatives Exchange imploded by filing for bankruptcy last year, Gary Gensler, the Chairman of the United States Securities and Exchange Commission (SEC) was the most blamed regulator that was blamed by the public. The blame centers on the fact that there were red flags that were exhibited by the trading platform, all of which went undiscovered due to the closeness between Sam Bankman-Fried and the regulators.…
It’s possible that many people have already forgotten that Bitcoin’s (BTC) price closed 2022 at $16,529 and the recent rebound and rejection at the $25,000 level could raise concern among certain investors. Bears are pushing back at the $25,000 level and there has been multiple failed attempts at the level between Feb. 16 and Feb. 21. Currently, it looks like the $23,500 resistance is continuing to gain strength with every retest. Pinpointing the rationale behind Bitcoin’s 45.5% year-to-date gain is not apparent, but part of it comes from the United…
Sequence, a web3 development platform that offers a passwordless crypto wallet, told CoinDesk that it put safeguards in place that rendered the Dfns-discovered vulnerability ineffective. “For Sequence, I don’t think it’s as bad at all,” said Peter Kieltyka, CEO at Horizon, the company that builds Sequence. “But you know, yeah, for some other products, I think they could take additional measures.” Source
EV makers Lucid, Nikola, and Lordstown saw their stock decline mostly owing to disappointing failures regarding their production figures. Three electric vehicle (EV) startups that went public via special purpose acquisition companies (SPAC) recently fell short of their projected 2022 goals. According to reports, EV companies Lucid Group Inc (NASDAQ: LCID), Nikola Corp (NASDAQ: NKLA), and Lordstown Motors (NASDAQ: RIDE) all had a disappointing 2022. Lucid, Nikola, & Lordstown EV Production Development The trio missed their EV goals by significant margins, with Lucid and Lordstown Motors suffering considerable deficits in production…
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