Tag: Markets

4 Years After the 2017 Law Enforcement Takedown, Alphabay Is Once Again the King of Darknet Markets – Bitcoin News

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Following the demise of the largest darknet marketplace (DNM) in mid-July 2017, the underground market Alphabay returned in August 2021, and during the last year, Alphabay has managed to once again regain its position as the world’s top DNM. Furthermore, Alphabay relentlessly conducted business amid a domino effect of DNMs folding last year and throughout 2022. After a Rocky Start and Celebrating Its One-Year Anniversary Since the Return, Alphabay Ends the Year as the King of Darknet Markets Last year, a number of DNMs left without a trace, like the…

Brazilian Securities Regulator CVM Might Create a Supervision Unit to Deal With Crypto Markets – Regulation Bitcoin News

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On Nov. 1, The Brazilian Securities Regulator, CVM, announced that it might create a new superintendence to deal with crypto-related market regulation. João Pedro Nascimento, president of the organization, said that the regulator is currently suffering from a lack of personnel that makes it challenging to give the attention needed to the growing cryptocurrency market. Brazilian Securities Regulator CVM to Create Separate Crypto Regulatory Institution The growth of the cryptocurrency market is causing troubles for some regulatory agencies around the world that lack the manpower needed to reach all actors…

How low liquidity led to Mango Markets losing over $116 million

It would seem that the hackers used an “oracle price manipulation” tactic in the exploit on the Solana-based DeFi network, as indicated by a tweet sent by the official account for the Mango cryptocurrency exchange. In mid-October, traders took advantage of a vulnerability in the decentralized finance (DeFi) trading platform Mango Markets and stole more than $110 million worth of cryptocurrencies off the network.  We are currently investigating an incident where a hacker was able to drain funds from Mango via an oracle price manipulation. We are taking steps to…

Analyzing What’s Next for Europe’s Markets in Crypto Assets Law

All that’s easier said than done. Just to apply for a license you already need to be an EU-based legal entity, such as a company or formal partnership – which already rules out many decentralized governance models. (Witness Binance, which for a long time declined to say where its headquarters is located, or even that it had one). In return for jumping through those hoops, crypto companies can serve the entire bloc, which numbers some 450 million people. Perhaps more importantly, even if imperfect, the rules should be clear, mitigating…

Bank of International Settlement will test DeFi implementation in forex CBDC markets

According to a new announcement on Wednesday, the Bank of International Settlement, or BIS, along with the central banks of France, Singapore, and Switzerland, will be embarking on a new initiative dubbed “Project Mariana” in its exploration of blockchain technology. Project Mariana intends to use decentralized finance, or DeFi, protocols to automate foreign exchange markets and settlement.  Project Mariana explores using automated market makers for the cross-border exchange of hypothetical CHF, EUR and S$ wholesale CBDCs. It’s a #BISInnovationHub joint venture with the French, Swiss & Singapore #CentralBanks@banquedefrance @MAS_sg @SNB_BNS…

BTC miner CleanSpark scoops up thousands of miners amid ‘distressed markets’

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Sustainability-focused Bitcoin (BTC) mining company CleanSpark has snapped up another 3,843 cryptocurrency miners amid a backdrop of mining industry consolidation. The $5.9 million purchase of the Antminer S19J Pro Bitcoin miners announced by the company on Nov. 1 came at a price of $15.50 per terahash — far cheaper than the current market price of $22.94 for a machine with the same efficiency according to data from Hashrate Index. The purchase has brought its total number of machines to around 50,000 according to the company. CleanSpark said it’s purchased 26,500…

BTC Consolidates as Markets Prepare for 0.75% Rate Hike – Market Updates Bitcoin News

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Bitcoin was consolidating below a key resistance level on Tuesday, as market volatility rose ahead of the upcoming U.S. Fed decision. Tomorrow’s Federal Reserve meeting will likely see interest rates increased, as the bank battles inflation. Ethereum moved below $1,600 in today’s session. Bitcoin Bitcoin (BTC) was trading below a key resistance level on Tuesday, ahead of tomorrow’s Federal Open Market Committee (FOMC) meeting. Following a failed breakout of its $20,800 ceiling on Monday, BTC/USD slipped to a low of $20,287.46 earlier today. Market uncertainty has spiked in anticipation of…

Ethereum price hits $1.6K as markets expect the Fed to ease the pressure

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A $250 surprise rally took place between Oct. 25 and Oct. 26, pushing the price of Ether (ETH) from $1,345 to $1,595. The movement caused $570 million in liquidations in Ether’s bearish bets at derivatives exchanges, which was the largest event in more than 12 months. Ether’s price also rallied above the $1,600 level, which was the highest price seen since Sept. 15. Let’s explore whether this 27% rally over the past 10 days reflects any signs of a trend change. Ether/USD 4-hour price index. Source: TradingView It is worth…