Markets

The Commodities and Futures Trading Commission (CFTC) has charged Mango Markets exploiter Avraham Eisenberg with violating federal commodities laws during his $110 million manipulation attack in October.  The commission seeks various forms of penalties and relief from the attacker, some of which include trading bans, restitution, and disgorgement. Eisenberg’s Crime Per the complaint filed on Monday, the CFTC said that Eisenberg misappropriated over $100 million from the Mango...

Sam Bankman-Fried (SBF) and his former right-hand, Gary Wang, are unable to retain ownership of almost half a billion dollars worth of Robinhood shares, according to a court document dated January 6th.The US Department of Justice (DOJ) has seized the executives’ holdings in response to charges of wide-ranging fraud against Bankman-Fried and FTX, with which the equity investments may be involved.  No More Robinhood Shares The document, filed in a New Jersey bankruptcy court,...

Kraken – a popular digital currency trading platform based in northern California – is laying off more than 1,000 employees as it attempts to deal with the ongoing crypto winter. Kraken Says Bye to a Lot of Workers The crypto exchange says that the maneuver has nothing to do with the fall of FTX, which has caused a serious firestorm in the digital currency world. The exchange collapsed in mid-November and has sent ripples throughout the space, making several other firms...

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Stellar lumen price started a fresh increase above the $0.070 resistance zone against the US Dollar. XLM price is now trading above $0.0750 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $0.0738 on the 4-hours chart (data feed via Kraken). The pair could continue to rise if it stays above the $0.0780 and $0.0750 support levels. Stellar lumen price is trading above $0.0750 against the US Dollar, similar...

Ripple price is slowly moving higher above the $0.35 level against the US dollar. The price is now trading above $0.3400 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $0.3410 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could gain bullish momentum if it clears the $0.3560 resistance zone in the near term. Ripple price is rising steadily above $0.340 against the US Dollar,...

INTERNET CITY, DUBAI, Jan 4, 2023 – LBank Exchange, a global digital asset trading platform, will list Etalon (ETAL) in April 2023. For all users of LBank Exchange, the ETAL/USDT trading pair will be officially available for trading this April. Connecting the online and offline world with the crypto market, Etalon (ETAL) enables users to unlock and enjoy numerous discounts, services, and benefits worldwide with just one token. The ETAL token will be listed on LBank...

Hayden Adams, the Uniswap creator, was just a 23-year-old native of the suburbs of New York in 2017 when he was laid off from his role as an engineer at Siemens. Adams began by writing an application from scratch, and his friend built a sleek new interface for Uniswap on top of what he describes as an “incredibly shitty” React codebase. Fast forward five years, and Uniswap has still managed to retain its position as a DEX leader. Uniswap’s Continued Dominance According to...

Amid the bear market and the fall of FTX, the crypto industry is still struggling to get back on its feet as innovation and technological advancement continue. However, the market has shown signs of improvement in the first week of 2023, with the Ethereum ecosystem leading the way. According to a report by blockchain data analytics firm Nansen, Ethereum liquid staking platforms have seen a significant increase in price in recent weeks. Liquid Staking Protocols Spike as Staked...

Financial markets for everything, including crypto, remain on pause as we mark off the first week of 2023. At this time of global economic uncertainty, people are holding their cash close. Here’s why it’ll be increasingly important for governments to hold their Bitcoin close. Bitcoin’s price barely budged after the release of the latest jobs report. It moved less than a percent, holding above $16,900 as the job data suggested more rate hikes. Bitcoin Is Poised To Become The...