Tag: Markets

XRP Jumps to 3-Month High as Crypto Markets Consolidate on Monday  – Market Updates Bitcoin News

Xrp moved to a multi-month high on Jan. 23, as market optimism grew regarding a lawsuit between Ripple and the United States Securities and Exchange Commission (SEC). Following comments last week from Ripple CEO Brad Garlinghouse, many have bought the token in anticipation of the lawsuit ending in the coming months. Dogecoin was another notable gainer on Monday. XRP, formerly ripple, was one of Monday’s notable gainers, as the token rose to a three-month high in today’s session. XRP/USD hit an intraday high of $0.431 to start the week, coming…

US Authorities Charge Mango Markets Attacker — Defendant Arrested, Detained in Puerto Rico – Regulation Bitcoin News

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The U.S. Securities and Exchange Commission (SEC), the Commodities Futures Trading Commission (CFTC), and the Department of Justice (DOJ) have charged an alleged attacker who stole $116 million from crypto trading platform Mango Markets. The defendant has been arrested and is currently detained in Puerto Rico. Mango Markets Manipulator Arrested, Detained The U.S. Securities and Exchange Commission (SEC) announced Friday that it has charged Avraham Eisenberg with “orchestrating an attack on a crypto asset trading platform, Mango Markets, by manipulating the MNGO token.” The regulator noted that the crypto token…

Binance Garnered Largest Market Share of Crypto Investors From Emerging Markets in 2022

Amid last year’s macroeconomic chaos, inflation in Brazil and Russia, which CryptoCompare groups with other emerging economies, reached 11.9% and 17.2%, respectively. About the time of these highs,  Russian Ruble (RUB) and Brazilian Real (BRL) volumes on Binance increased 232% and 72%, respectively. Source BinanceCryptoEmergingGarneredInvestorsLargestMarketMarketsShare CryptoX Portal

Stellar joins CFTC’s Global Markets Advisory Committee as one of four crypto orgs

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The Stellar Development Foundation (SDF) has become the newest member of the United States Commodity Futures Trading Commission (CFTC) Global Markets Advisory Committee (GMAC), the blockchain announced on its blog. The committee is preparing to meet on Feb. 13 for the first time in over a year. SDF supports the Stellar blockchain, which is used for crypto-fiat transfers. The foundation will be represented on the committee by chief operating officer Jason Chlipala. He wrote in the company blog that “we hope to bring the unique perspective of Layer 1 protocols”…

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