GildCoin - Crypto News

2024-04-19 19:01:38 Payy is a project that built the first and only way to send USDC privately. It's a zk-rollup + non-custodial wallet that makes sending stablecoin payments 10x easier than metamask or CEXs.

Their mission is to make sending money as easy as sending a message: fast, free, global and encrypted.

They've been growing 4x week over week since they launched at ETH Denver.

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Earn points on the wallet app: https://payy.link Open / Comment

2024-04-19 18:45:31 Mango Markets Manipulator Faces Justice: Crypto Fraud Conviction Sends Shockwaves Through DeFi

In a stunning turn of events, the notorious Eisenberg has been found guilty of orchestrating a multi-million dollar crypto fraud scheme that rocked the world of decentralized finance (DeFi). The court case, closely followed by Bloomberg and other media outlets, shed light on the dark side of digital assets.

MANGO, the native token of Mango Markets, experienced an astronomical surge of over 1,000% in just hours. But this meteoric rise was no stroke of luck; it was a calculated move by Eisenberg, who exploited a hefty bad debt to manipulate the market and make a quick fortune.

Injecting a whopping $5 million in USDC into Mango Markets, Eisenberg set off a chain reaction that left the platform financially crippled. As regulators like the SEC and CFTC stepped in, it became clear that his actions were far from innocent trading strategies.

With a potential prison sentence of up to 20 years looming over him, Eisenberg's defense argued that he was merely playing by the rules of the decentralized game. But the jury's conviction sends a resounding message: deceptive practices will not be tolerated, even in the wild west of DeFi.

As we await Judge Arun Subramanian's sentencing on July 29, this landmark case serves as a wake-up call for both investors and regulators alike. The era of unchecked manipulation may be coming to an end as authorities tighten their grip on the ever-evolving crypto landscape. Open / Comment

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2024-04-16 16:03:51 UAE Crypto Market Rockets to $25B, Opens Doors for Investments

The United Arab Emirates (UAE) is making waves in the crypto world, with a whopping $25 billion in transactions recorded last year. Now, it's not just about the numbers but also about the regulatory flexibility that's attracting further investments.

The Dubai Multi Commodities Centre (DMCC) has its sights set on the future, exploring the potential of Web3 applications like the metaverse and DeFi. With a projected metaverse market worth $3.4 trillion by 2027 and DeFi expected to soar to $600 billion by 2032, it's clear that these digital frontiers are ripe for expansion.

While the crypto market may have weathered some storms, there's a sense of stability on the horizon. The resurgence of Bitcoin and renewed interest from both industry players and institutions signal a desire for lasting value in this ever-evolving landscape.

The DMCC Crypto Centre is where it's all happening, bringing together over 600 members in a collaborative workspace. From established names like Bybit and Solana to up-and-coming startups, this hub is fueling innovation and cementing the UAE's position as a global crypto hotspot.

Of course, with great potential comes great responsibility. Striking the right balance between regulation and innovation will be key to ensuring these markets thrive while protecting consumers from fraud risks. Open / Comment

2024-04-13 17:53:01 Crypto Market Takes a Hit: $872M Liquidated as Bitcoin Dips

The crypto market's value has dropped to $2.42 trillion, with a 7.4% decrease in the past day. Global crypto trades have surged by 35.83%, hitting $114.57 billion.

Bitcoin (BTC) started strong above $70,000 but faced resistance, causing a sharp fall at 2:00 p.m., hitting a low of $65,230 per BTC.

BTC is now struggling to reclaim the $67,000 mark after an 8.8% drop against the USD in the last month. Such downturns impact the entire crypto economy.

The volatility led to 275,000 traders getting liquidated, suffering losses nearing $1 billion. Long positions lost $782.41 million, while shorts lost $91.46 million.

While the global average price hovers around $67,000, South Korea sees a premium at $71,753 per BTC. Top trading pairs include USDT, FDUSD, and USD.

Crypto traders buckle up as the market takes a tumble and liquidations soar – it's a rollercoaster ride for leveraged enthusiasts! Open / Comment

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2024-04-11 17:02:32 Pssssst, folks…

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@IVEX_token is kicking off their ICO!
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2024-04-10 19:20:10 Scorpion Casino's Pinksale pre-sale is taking the crypto world by storm, LIVE NOW! They’re targeting a 3500 BNB soft cap and eyeing an unprecedented 14,000 BNB hard cap! The action heats up from now until April 14th at midnight UTC.

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