Also: Ether traded flat above $1,600. Equities closed up after solid GDP data. Source
Crypto Markets Today: Bitcoin Clings to $23K, FTX’s Creditor List Revealed
Tag: Markets
Mango Markets to Resume Crypto Trading, SEC Be Damned
MNGO, a crypto governance token that grants its holders voting rights over Mango Markets’ operations, “was offered and sold as a security,” the SEC said, noting it is investigating “other securities law violations” alongside the Eisenberg case. That ominous pledge could have major implications for Mango Markets’ U.S. team if the SEC decides to sue. Source
ADA Climbs to 11-Week High, as Crypto Markets React to US GDP Data – Market Updates Bitcoin News
Cardano raced to an 11-week high on Thursday, as markets reacted to data showing that gross domestic product in the U.S. rose by 2.9%. The token rose by as much as 5% earlier in the day, climbing to its strongest point since November. Monero was also in the green, nearing a key resistance level in the process. Cardano (ADA) Cardano (ADA) rebounded on Thursday, with prices moving to an eleven-week high in the process. Following a low of $0.3537 on Wednesday, ADA/USD rose to an intraday high of $0.3866 earlier…
Crypto Exchange Mango Markets Sues Exploiter $47M in Damages
Decentralized finance trader Eisenberg had, “through fraud and deception,” taken and converted approximately $114 million from Mango Markets. He later returned $67 million but “retained” the remainder, the filing said. Mango Markets now wants the remaining $47 million back in damages. Source
Mango Markets sues Avraham Eisenberg for $47M in damages plus interest
Mango Labs, the company behind the decentralized finance (DeFi) protocol Mango Markets has come out with its own lawsuit against exploiter Avraham Eisenberg. The Jan. 25 filing in the United States District Court for the Southern District of New York alleges Einseberg of exploiting its platform for millions of dollars worth of cryptocurrencies in October 2022. It asks for $47 million in damages plus interest starting from the time of the attack. It also asked the court to rescind an agreement made between Eisenberg and Mango’s related DAO and declare…
Crypto Markets Today: Layer 1 Blockchain Token Aptos Reaches Record High
Also: Most major cryptos were in the red, but Axie Infinity’s AXS token continued to rally. Equity indexes were flat. Source link
Crypto, Equity, Metal Markets Plunge as Tech Earnings Disappoint and US Economic Weakness Deepens – Market Updates Bitcoin News
Equity markets began the day in the red following the latest corporate earnings reports from some of the world’s largest firms, including Microsoft. The tech giant’s recent conference call was considered disappointing, and earnings from firms such as Boeing, Texas Instruments, and 3M were also lackluster. Gold and silver prices were down between 0.43% and 0.72% on Wednesday, and the cryptocurrency economy dropped 2.79% against the U.S. dollar in the past 24 hours. Concerns of US Recession Mount as Corporate Earnings Disappoint After a couple of bullish weeks, stocks, precious…
Economist Peter Schiff Explains Why Bitcoin and Gold Are up This Year — ‘They’re Rising for Opposite Reasons’ – Markets and Prices Bitcoin News
Economist and gold bug Peter Schiff has explained why bitcoin and gold are going up this year. “They’re rising for opposite reasons,” he said, claiming that the price of gold is climbing as investors view the metal as a hedge against inflation and a weaker dollar. Peter Schiff Explains Why Bitcoin and Gold Are Rising Gold bug and economist Peter Schiff has shared his view on why bitcoin and gold are going up this year. Schiff is the founder and current chairman of Schiffgold, a precious metals dealer specializing in…
Finder’s Experts Predict Bitcoin to Peak at $29K in 2023, But Forecast a Low of $13K – Markets and Prices Bitcoin News
The price of bitcoin is set to rise in 2023, but crypto and fintech experts chosen by the product comparison web portal finder.com do not believe the leading digital asset will break the $30,000 range this year. Finder’s panel of 56 specialists convened to give their 2023 bitcoin price forecast, and the panelists suggest bitcoin will peak at $29,095 this year. Experts Weigh in on Bitcoin’s Future Price: Will it Reach Six-Digit Prices by 2030? Finder.com has conducted another report that aims to predict bitcoin’s future price with 56 experts…
Crypto Markets Today: Bitcoin Holds Steady Near $23K; Gemini’s Job Cuts Continue
FTX’s FTT token was up 8% for the day. Equities closed up. Original