Tag: Markets

Mango Markets’ exploiter to face trial in April, and Coinflux shuts multichain: Finance Redefined

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Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. The exploiter behind the $116-million theft of assets from Mango Markets will face trial in April next year after the accused convinced the judge to postpone the fraud trial to April 8, 2023. The Aave protocol had to pause multiple markets earlier after reports of a feature-related bug. The Coinflux multichain protocol called ShuttleFlow is all set to wind down its services…

Aave pauses several markets after reports of feature issue

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Decentralized finance (DeFi) protocol Aave paused a number of markets on Nov. 4 after receiving reports of an issue affecting “a certain feature,” according to a post on X (formerly Twitter).  The pause affects multiple networks, including Aave V2 Ethereum Market and certain assets on Aave V2 on Avalanche. In addition, certain assets on Polygon, Arbitrum, and Optimism have been frozen. “Today we received a report of an issue on a certain feature of the Aave Protocol,” Aave announced, adding that After validation by community developers, the guardian has taken…

Fraud trial of Mango Markets exploiter behind alleged $116M theft pushed to April

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Lawyers representing the $116 million Mango Markets exploiter have convinced a judge to postpone the fraud trial until April 8, 2023. Avraham Eisenberg’s fraud trial was set to commence on Dec. 4 but several circumstances impacted his trial preparations, according to his lawyers, who filed a successful motion for a continuance to District Court Judge Arun Subramanian on Nov. 2. “As discussed in today’s conference, the motion for continuance is GRANTED. Trial in this case will begin on April 8, 2024,” Subramanian stated in a Nov. 3 court filing. U.S.…

Bitcoin disappoints while Markets Pro delivers 88% gains in 29 hours

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2023 was anticipated to be the comeback year for Bitcoin (BTC). Experts predicted that the King of Crypto would soar to $50,000 or more, but it has only bounced back to about $26,000 since the bear market started in late 2021. Cointelegraph Markets Pro, despite the bearish trends ruling the space, has sent investors more than 150 winning alerts so far this year.  Smart investors are not sitting on the sidelines and waiting for legacy coins to pop. Instead, they rely on Markets Pro — the breakthrough AI-powered crypto trading…

Citadel, Fidelity-backed EDX Markets delists Bitcoin Cash

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Institutional crypto exchange EDX Markets removed Bitcoin Cash from its website after listing BCH at launch. EDX Markets, an institutional crypto exchange backed by Citadel Securities, Fidelity Digital Assets, Charles Schwab Corporation and others, has removed Bitcoin Cash (BCH) from its website, first noted by crypto reporter Colin Wu. In an interview with Digital Assets, Jeanine Hightower-Sellitto, Chief Strategy Officer of EDX Markets, confirmed the removal, saying that “EDX is not currently supporting BCH,” without going into details. As of press time, spokespersons for Bitcoin Cash made no public statements…

BlackRock Bitcoin ETF Has, Since August, Appeared on DTCC Site That Belatedly Moved Markets This Week

Crypto traders this week interpreted the inclusion on the page as a sign BlackRock’s product might get approved soon. But an ETF appearing there does not indicate anything about its regulatory approval, DTCC said. Being there is just part of the prep work – getting a ticker symbol and unique ID code known as a CUSIP – any ETF would undertake pending U.S. Securities and Exchange Commission approval. Source

Bitcoin’s bid to upend capital markets

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At the PlanB conference in Lugano on Oct. 20, a panel of experts discussed how Bitcoin and blockchain technology could disrupt traditional capital markets. The panel, titled “Exploring the Future of Capital Markets: Your Second Layer,” featured leaders from several Bitcoin and blockchain startups including Blockstream, Sideswap, Setup Labs and Stalker. Panelists outlined how Bitcoin’s decentralized, transparent and programmable nature enables direct peer-to-peer trading of assets including stocks, bonds, derivatives and more. This removes the need for intermediaries like stock exchanges and clearing houses, reducing costs and risks. According to…