“Everything has to go through DAO proposals,” Daffy Durairaj, co-founder of Mango Markets, wrote in the project’s Discord. “My personal goal is to make depositors whole and that’s what I’ll aim towards. But the mix of tokens and positions everyone had might be different” Source
Turkey’s gold imports of just over 39,000 kilograms in September 2022 are more than 16 times the quantity that was brought into the country in September 2021. The surge in Turkey’s gold imports is reportedly being spurred by the rise in demand for the precious metal by individuals and entities using it in foreign currency transactions. ‘Gold Instead of Turkish Lira’ According to data from Borsa Istanbul’s Precious Metals and Diamond Markets, the quantity of gold imported into inflation-stricken Turkey in September 2022 was over 1,700% more than the quantity…
Following a $117 million exploit on Oct. 11, the Mango Markets community is set to make a deal with its hacker, allowing the hacker to keep $47 million as a bug bounty, according to the decentralized finance (DeFI) protocol governance forum. The proposed terms reveal that $67 million of the stolen tokens will be returned, while $47 million will be kept by the hacker. 98% of the voters, or 291 million tokens, have voted in favor of the deal, which also stipulates that Mango Markets will not pursue criminal charges on…
Prices are relatively flat across the board following a tumultuous week of discouraging economic indicators. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today’s crypto markets. Source
The company has two offerings. The first is “identity underwriting,” which validates the identity of a potential user by pulling key data about them for AML and KYC (know your customer) requirement compliance. For crypto-native firms, identity can be validated using Parallel’s PID identity token, a full on-chain token that preserves anonymity. The tool also provides sanction monitoring for both individuals and business entities globally. Source
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Now that the #Ethereum merge (transition from proof of work to proof of stake) has come and gone, it is worthwhile to perform some type of price analysis. In this video, we continue to discuss the macro headwinds that #ETH faces in the short-term and discuss the outlook on #ETH / #USD and #ETH / #BTC pairs. Let me know what you think of this analysis in the comments! Sign up for the ITC newsletter: Every month, 1 person will be randomly…
“Within 12 hours of the proposal opening, you shall send back the assets other than USDC, MSOL, MNGO, and SOL as a show of good faith,” reads the counter. “The remaining assets shall be sent within 12 hours once the vote is complete and passes,” the community wrote in its proposal.” Source
Following the recent ethereum price predictions report, 55 crypto and fintech experts chosen by the product comparison web portal, finder.com, shared their forecasts associated with the crypto asset xrp, often referred to as ripple. Finder’s experts believe xrp could spike to $3.81 per unit by the end of 2025 if Ripple Labs wins the lawsuit against the U.S. Securities and Exchange Commission (SEC). Finder’s Specialists Assume Ripple’s Lawsuit With SEC Will Determine Future Price 55 specialists chosen by Finder have shared their predictions concerning xrp’s (XRP) future value, and the…
Cryptocurrency exchange Coinbase is listing the utility and governance token of Illuvium (ILV), an open-world fantasy battle game built on the Ethereum (ETH) blockchain. According to the announcement by the largest crypto exchange in the US, consumers should only trade ILV on the ETH network. “Coinbase will add support for Illuvium (ILV) on the Ethereum network (ERC-20 token). Do not send this asset over other networks or your funds may be lost. Inbound transfers for this asset are available on Coinbase and Coinbase Exchange in regions where trading is supported.”…
Ballooning leverage and reduced volatility on crypto markets create a situation where explosive volatility is very possible in the short-to-medium term. After weeks of reduced volatility, cryptocurrencies like Bitcoin (BTC) are likely to see sharp price changes in the short to medium term, according to one analyst. The current situation in cryptocurrency markets could potentially generate “explosive volatility” due to massive leverage and recent low volatility, Arcane Research analyst Vetle Lunde suggested. Lunde pointed to “leverage bonanza,” or leverage going parabolic in the crypto derivatives market, while Bitcoin has continued…