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2023-01-11 05:07:02 CFTC Accuses Mango Markets Exploiter Manipulating The Price Of Swaps On The Platform

The Futures Trading Commission (CFTC) is accusing Avraham Eisenberg, aka Mango Avi Eisenberg, of a rogue past, price manipulation and price hype on Mango Markets, a derivatives trading platform on Solana.

According to the CFTC’s complaint, Eisenberg stole more than $100 million worth of cryptocurrency assets from the marketplace by artificially inflating prices. Mango Markets was subjected to a price manipulation attack, resulting in the loss of over $100 million in user funds. The attacker then revealed his identity as Avraham Eisenberg, calling what just happened with Mango a highly profitable trading strategy and claiming that it.

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2023-01-10 11:53:02 Solana, Cardano Both Up 21% Late Sunday, Setting Monthly Highs

The value of both Solana and Cardano spiked by over 21 percent late Sunday, according to data from CoinGecko, both reentering territory not seen by either since November. Cardano, the eighth-largest cryptocurrency by market cap, saw its price spike to $0.33—a price not seen since November 19.

Meanwhile, Solana, which kicked off a remarkable run with an 11% jump in value on Monday, spiked again Sunday to $16.04, territory it hasn't seen since Nov. 9, when it was partway through a collapse of more than 50% over the prior three days. Solana saw the best first week of the year out of any top-2o coin, today clearing a 60% increase over seven days. It's a remarkable rebound for SOL, which plummeted more than 41% in the wake of the FTX collapse.

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2023-01-09 11:55:05 DOJ Is Attempting To Exploit Evidence To Convict SBF Through FTX Victims

The DOJ today launched a website where all victims of FTX can participate in providing evidence. DOJ is attempting to accurately identify the victims of FTX and seek evidence against SBF.

The United States Attorney’s Office for the Southern District of New York has made relevant information available about victims of the SBF scam through its website and has offered to invite them to cooperate with authorities.As mentioned in earlier Coincu News articles, the lawsuits surrounding the FTX collapse are becoming increasingly complex, making it difficult to compensate victims.

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2023-01-08 10:43:01 Bitcoin Breaking pinned « Insights and Breaking News on Bitcoin and the whole ecosystem. t.me/Bitcoin_Insights» Open / Comment

2023-01-08 10:42:59 Insights and Breaking News on Bitcoin and the whole ecosystem.

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2023-01-08 05:19:02 The Bank Of France’s Governor Wants To Regulate Crypto Ahead Of The MiCA Criteria In 2024

The governor of the Bank of France, has begun the process of setting harsher rules to regulate crypto firms operating in France. The European Union’s Crypto Asset Market Regulation (MiCA), which will act as a springboard to enable a block-wide licensing framework for cryptocurrency enterprises.

Francois Villeroy de Galhau, the governor of the Bank of France, has begun the process of setting harsher rules for crypto firms operating in France. The European Union’s Crypto Asset Market Regulation (MiCA), which will serve as a springboard to enable a block-wide licensing regime for cryptocurrency companies and is expected to be voted on in February of this year for implementation in 2024, will come before this. MiCA stands for Market Infrastructure for Crypto Assets.

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2023-01-07 11:15:04 US Government Seizes Robinhood Shares Linked to FTX Founder Sam Bankman-Fried

The U.S. Department of Justice (DOJ) is in the process of seizing Robinhood shares, worth about $460 million, that are linked to former FTX CEO Sam Bankman-Fried (SBF). “We believe that these assets are not property of the bankruptcy estate or that they fall within the exceptions.

The U.S. government is in the process of seizing 56 million shares of Robinhood Markets Inc. (Nasdaq: HOOD), worth about $460 million, that are linked to the disgraced FTX founder Sam Bankman-Fried (SBF), said Seth Shapiro, an attorney with the U.S. Department of Justice (DOJ) at an FTX bankruptcy court hearing in Delaware Wednesday.Shapiro told Judge John Dorsey, who oversees the FTX bankruptcy case.

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2023-01-06 11:55:03 Judge Rules Celsius Earn Account Funds Belong to Estate, Not Users

Digital assets deposited in Celsius Network’s Earn program belong to the bankrupt company’s estate and not individual users, according to a Wednesday ruling by U.S. Bankruptcy Judge Martin Glenn. The court also determined that Celsius’ bankruptcy estate can sell $18 million worth of stablecoins.

Users who participated in the bankrupt company’s lending service were told they could earn interest on cryptocurrencies deposited with the company, but lost access to their funds in June when Celsius froze withdrawals on its platform citing “extreme market conditions.”. A portion of the Earn accounts consisted of stablecoins, which were valued at $23 million as of September.

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2023-01-05 11:54:02 Solana NFT trading volume shows signs of strength despite rout

NFT trading volume on Solana last week was the highest since September. NFT trading volumes on Solana are showing signs of strength for the ecosystem despite its native token losing about 94% of its value last year, with the week of Dec. 25 seeing the most activity since September.

Despite depressed market conditions that settled in around July, Solana never lost its second spot to Ethereum throughout 2022, according to the The Block's Data Dashboard. Solana’s Sol has surged more than 15% over the past 24 hours and is up more than 30% so far this year. Amid declines last month, Avalanche's native AVAX briefly overtook its market cap. which may affect Solana's trading volume going forward.

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2023-01-04 12:54:02 SushiSwap Axes Lending Protocol and Token Launchpad

Ethereum-based decentralized finance (DeFi) protocol SushiSwap has made the decision to shut down Kashi, its lending protocol, and Miso, its token launchpad. Founded in 2020, SushiSwap allows customers to swap, lend, and borrow cryptocurrencies using their own external wallets.

The decision comes as the platform has faced significant financial uncertainty in recent months. In a December update the firm announced that it only had 1.5 years of operating costs, saying that the “situation requires immediate action to ensure sufficient resources for uninterrupted operation”. SushiSwap CEO Jared Grey said that the company has been pursuing a strategy.

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