Tag Archives: News

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...

A new inflation report is expected to show rates rising approximately 6.5 percent in September, roughly .2 percent higher than what occurred in August. This, per financial institutions like JPMorgan, could cause further falls in assets like stocks and crypto units, which could drop five percent more in the coming weeks once the results are in. Inflation Is Still Pretty Bad Things have been bad as of late, but now it looks like they’re about to get worse. The rate of...

Cathie Wood of ARK Investment Management says the economy is heading into a downward spiral, and only bitcoin can help it. Cathie Wood Still Thinks Highly of BTC There has been an argument for the past few years that bitcoin, in some way, can serve as a potential hedge against inflation. That by investing in bitcoin, people can avoid crashing and burning when the dollar falls. However, this argument has been heavily challenged given the price of bitcoin has taken several...

Betterment – a large and independent robo-adviser – is allowing its customers to engage in crypto trading and investing by permitting them to place a small number of various crypto units into their portfolios. This is the first time the company has offered such services to its customers. Betterment Is Giving Customers the Chance to Invest in Crypto The news is a testament to how popular and powerful crypto remains. While the space is arguably experiencing some of the...

Mustafa Gokiu – a man living in the town of Sunnyside, New York – was convicted in mid-October by a federal jury in Brooklyn for allegedly running a crypto money laundering and drug scheme. It is stated in court documents that the man laundered BTC units through an unlicensed money-transmitting business. Mustafa Gokiu Guilty of Crypto Money Laundering At the age of 50, Gokiu was found guilty on several charges including money laundering, operating an unlawful money...

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...

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Could bitcoin, Ethereum, and other digital assets experience further dips in their prices? According to Jamie Dimon, the man heading JPMorgan, the answer is a resounding “yes,” as he believes a recession is on its way and right around the corner. Jamie Dimon Warns of Ongoing Economic Turmoil Sleepy Joe Biden recently warned of a “slight recession,” again refusing to take a hard stance like a tough president and the leader of the free world should do. The fact is that...