Mango Markets Sues Hacker And More

With the Shanghai upgrade approaching, experts expect a new era of staking ETH. On the other hand, Mango Markets has joined the series of lawsuits against exploiter Avraham Eisenberg. Let’s dig deeper.

Bitcoins

Proposed design Bitcoin City in El Salvador has won the prestigious LOOP Design Award in the Landscape/Urban Design category.

The country’s president, Nayib Bukele, took to Twitter to announce that a $800 billion bond paid with interest and his country’s “Bitcoin gamble” continues.

According to the company’s latest earnings report, electric car maker Tesla continues to defend its estimates 9720 BTC for the second straight quarter.

Ethereum

Ethereum Developers have successfully released “Shadow Fork” from a network update in Shanghai.

DeFi

The Mango Market has slapped a $47 million lawsuit on Avraham Eisenberg, the individual behind the attack on the Solana-based DeFi protocol.

Aave’s DeFi lending protocol has revealed that get rid of bad debt accumulated after failed trades by Avraham Eisenberg.

The MakerDAO Community has approved a suggestion to deploy around $100 million worth of USDC to Yearn Finance.

DeFi smart contract blockchain platform Injective announced a $150 million ecosystem fund to promote the building of interoperable and DeFi infrastructure in Cosmos.

Funds from the previous year Wormhole Bridge Attack has been moved, with transaction data showing $155 million worth of Ethereum transferred via a decentralized exchange.

The decentralized lending and borrowing protocol Aave is in the midst of voting to implement it third iterationv3, on the Ethereum blockchain.

Altcoins

Binance’s stablecoin BUSD has seen a fell sharply in market cap, as outstanding supply fell to $15.4 billion on Wednesday.

The Cardano Network experienced a short blackout on Sunday, it occurred between blocks 8300569 and block 8300570 and affected more than 50% of the network.

Stellar has become newest member The Global Market Advisory Committee (GMAC) of the United States Commodity Futures Trading Commission (CFTC).

Technology

Following the success of the artificial intelligence language model, ChatGPTinterest in AI has now expanded into the crypto space.

North Korean hacking group TA444 primarily targets crypto, but security researchers say it was launched phishing attacks directed at another target.

Business

Bankrupt cryptocurrency lender BlockFi accidentally revealed an edited copy of a previously edited balance sheet showing that he has over $1.2 billion in assets related to FTX and Alameda Research.

Coinbase Chief Product Officer, Surojit Chatterjeewill liquidate some of his company stock on his final day for a $105 million exit package.

London-based cryptocurrency exchange Luno told its employees on Wednesday that it was lay off 35% of its global workforce.

Crypto exchange Binance mistakenly deposits customer funds in same wallet used to hold collateral for Binance-pegged tokens.

The Gemini Cryptocurrency Exchange is dismiss more employees, i.e. 10% of its workforce, cite ‘bad actors’ in the crypto industry.

Signature Bank, a partner of Binance, has suggested just that no longer supports SWIFT transfers under $100,000 for exchange users.

Regulation

The Financial Conduct Authority (FCA) in the UK has so far only given regulatory approval 41 of 300 crypto-related companies that have applied to register with the agency.

Based on Philip Hammondex-Minister of Finance, UK is in danger of falling behind other countries in the crypto race and needs to increase its risk appetite.

Following a year in which the crypto sector experienced some of the worst upheavals in its short history, the White House appears to need to publish a blog revealing roadmap to stabilize sector.

State Senator Wendy Rogers of Arizona introduced two laws to be made Bitcoin legal tenders in the state and allow state agencies to accept Bitcoin.

Republican Senator Richie Torres stated that crypto can be good for its South Bronx community but requires a comprehensive regulatory framework.

Members of parliament in the European Union (EU) voted and approved on Tuesday a Bill which will see the banks on the bloc that hold cryptocurrencies follow stricter measures.

In a conference address last Friday, SEC Commissioner Hester Pierce gave a speech in which he recommended that the crypto industry need to apply the lessons learned so far.

NFTs

Azuki’s official NFT collection Twitter account compromised on Friday afternoon, resulting in a $750,000 USDC compromise

The creator of the Moonbirds NFT collection, Kevin Rose, has lost an estimated $1 million in NFTs after being victimized wallet exploitation.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.