Tag: Markets

SEC charges Mango Markets exploiter for allegedly stealing $116M in crypto

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The United States Securities and Exchange Commission has followed the Commodity Futures Trading Commission and others in filing parallel charges against the crypto user allegedly behind a multimillion-dollar exploit of decentralized exchange Mango Markets. In a Jan. 20 notice, the SEC alleged Avraham Eisenberg manipulated Mango Markets’ MNGO governance token, allowing him to steal roughly $116 million worth of cryptocurrency from the platform. According to the complaint, Eisenberg allegedly executed a series of large MNGO purchases in order to artificially raise the price of the token relative to USD Coin…

Ericsson Q4 2022 Earnings Report Sees Income Slide on Waning 5G Equipment Sales in Key Markets

Swedish telecoms giant Ericsson says despite its poor Q4 2022 earnings, it sees significant patent revenue growth in the next 24 months.  Ericsson recently reported a larger-than-anticipated decline in its Q4 2022 earnings statement. The Swedish telecommunications giant said its underwhelming fourth-quarter earnings are due to a slowdown in sales of 5G equipment in high-margin markets. The pullback in spending on 5G networks by some customers, most notably in the US, saw Ericsson shares decline to a four-year low. Furthermore, the multinational networking and telecommunications company’s latest report comes amid…

DMCC Crypto Centre Surpasses 500 member companies in 2022 – Emerging Markets Bitcoin News

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The presence of over 500 blockchain and Web3 firms inside the Dubai Multi Commodities Centre (DMCC)’s Crypto Centre shows that demand for space is still very high, a statement has said. According to CEO at DMCC Ahmed Bin Sulayem, the “record-high” number of overall new company registrations indicates the extent of investors’ “confidence in the emirate.” New Milestone for DMCC According to the United Arab Emirates-based Dubai Multi Commodities Centre (DMCC), the demand for space at its “Crypto Centre” grew significantly, and this can be evidenced by the over 500…

Decentraland’s MANA Token Jumps as Metaverse Tokens Outperform Crypto Markets

The CryptoX Culture and Entertainment (CNE) sector index, which includes metaverse tokens such as MANA, gained 37% since the start of the year, becoming the best performing asset class among CryptoX’s sector indices. The CryptoX Market Index (CMI), which tracks the performance of the broad crypto market, is up 17.4% in the same period. Source CryptoDecentralandsJumpsMANAMarketsMetaverseoutperformTokenTokens CryptoX Portal

European Markets Hit Highest Level amid US Inflation Data

Indices across the European continent gained anywhere between 0.75-1% with sectors like autos, banks, retail, and telecoms taking the lead. On Thursday, January 12, the European markets closed to their highest levels in eight months since April 2022. Stoxx 600, the pan-European index closed at 0.7% higher with most sectors in the positive territory. Stocks in the retail sector mainly led up the gains closing 2% up. However, the healthcare and the chemicals sectors both ended in the red 0.1% down. But sectors like autos, banks, retail, and telecoms were…

Trump’s NFT Prize Collection Surfaces on Secondary Markets, Generates $53K in 24-Hour Sales – Bitcoin News

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Following the launch of Donald Trump’s non-fungible token (NFT) card collection, winners of the Trump-themed prizes are selling prize NFTs on secondary NFT marketplaces such as Opensea. The Polygon-minted NFTs act as passes for a one-on-one Zoom meeting with the 45th president of the United States and a gala dinner with Trump. During the past 24 hours, the “Win Trump Prizes” collection has seen 38 ether, or roughly $53,000 in sales, on Thursday, Jan. 12, 2023. Trump’s NFT Prize Collection Auctions off on Opensea’s NFT Marketplace The former president of…

Crypto Markets Primed for Soft CPI

More than $200 million in shorts (bets against price rises) have been liquidated in the last 24 hours as the major cryptocurrencies rallied. Bitcoin broke above $18,000, and ether rose over $1,400. Other coins like XRP and solana rose as much as 20%. The liquidations are in addition to those of more than $150 million earlier this week. Such levels haven’t been seen since October, data from Coinglass shows. Some analysts, however, believe the rally exemplifies indecisiveness among crypto traders, as BTC and ETH are trading with a consolidation pattern,…

Aptos (APT) and Kava (KAVA) Are Both Up Over 11% Recently But Snowfall Protocol (SNW) Is Still This Market’s Clear Winner!

Place/Date: – January 11th, 2023 at 6:22 am UTC · 3 min read Source: Snowfall Protocol When searching for the best-performing crypto assets, Aptos (APT) and Kava (KAVA) are both up over 11% in the past 24 hours. Aptos (APT) is currently trading at approx. $4.92 while Kava (KAVA) is trading at around $0.743. However, the clear winner of the crypto market at the moment is Snowfall Protocol (SNW). SNW has seen an increase in price in just a few weeks, with its current value hovering at $0.17. This makes…