Markets

It’s happened again, folks. Another hack is in the books. This time, the victim is Mango Markets, a trading platform situated atop the Solana blockchain. At the time of writing, it appears as much as $116 million has been stolen through what’s known as a “flash loan” attack. Mango Markets Loses More Than $100 Million This kind of attack happens in a decentralized setting. A hacker or cyberthief takes out a flash loan and then manipulates crypto prices on a single...

Despite getting stopped at $21,500 and retracing by a few hundred dollars, bitcoin has still managed to stay above $21,000. Most altcoins are calmer today on a daily scale, while Solana jumped to a two-month high at almost $40. Bitcoin Still Above $21K The start of November brought a lot of volatility for the primary cryptocurrency, mostly coming from US-related events. It began on Wednesday when the Federal Reserve said it will raise the key interest rates by 75 basis...

Bitcoin initiated another leg up in the past 24 hours and charted a new two-month high. Several altcoins have also marked impressive gains in the past 24 hours, including MATIC, which tapped $1.2 earlier today. Bitcoin’s New Local Peak The primary cryptocurrency went through enhanced volatility at the start of the month, as CryptoPotato warned before, following events coming from the United States. At first, the Federal Reserve hiked the interest rate by 75 basis points,...

The issuer of the stablecoin USDC – Circle – announced investing in the Circle Reserve Fund to manage a portion of the USDC reserves. The SEC-registered fund was set up by BlackRock, and its portfolio will consist of cash and US Treasury funds. Circle Reserve Fund The government money market fund was created in partnership with the asset manager. According to the official blog post, it will only be available to Circle. The process of moving the reserves for its USDC...

The past seven days have been particularly dynamic in the cryptocurrency industry as its total market capitalization soared by a considerable $70 billion. This happened on the back of major gains for most coins, with certain exceptions. Let’s dive in. Kicking it off with Bitcoin, it’s up 3% in the past seven days, and it’s currently found at $21K. Throughout the majority of the week, BTC was trading in a downtrend, but a few hours ago, the bulls managed to pull themselves...

Gaming has long been touted as one of the best use cases for blockchain-based technology, and the past couple of years put that to the test. Amid the various trends that we saw come and go during the last bull market, play-to-earn is perhaps the one that many people had their sights set to. In a bid to create digital environments where players could both enjoy their favorite games while also earning money doing it, many projects attempted to create the perfect blockchain...

Google – the king of search engines – is partnering with Coinbase – the king of digital currency exchanges – to allow customers to pay for cloud services with crypto assets like bitcoin, Dogecoin, Litecoin, and Ethereum. Google Is Partnering with the Leader of Crypto Trading The move is pushing the goals of bitcoin and its digital counterparts closer to being achieved. What many people likely forget is that while bitcoin and many of its crypto cousins have taken on...

The US beat the expectations in terms of new nonfarm jobs reaching 261,000 such positions in October, rather than the estimated 205,000. Bitcoin reacted with immediate price fluctuations, dropping by a few hundred dollars before shooting up to a five-day high. CryptoPotato warned recently that there’re four major events coming at the start of November that could bring enhanced volatility to the crypto markets. The first – FOMC meeting – took place on Wednesday and the Federal...

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