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Crypto Markets
Mango Markets closes shop following SEC settlement 2025
Mango Markets, a decentralized exchange situated in Solana, is closing its doors. Through its X account, Mango Markets declared on January 11 that company was “shutting down” and that consumers should “close their positions.” This basically puts an end to borrowing and lending on the platform, following governance initiatives to modify interest rates and collateral requirements. These unanimously approved recommendations will go into effect on January 13. Following a deal with the US Securities and Exchange Commission (SEC), the closure has taken place. Alleging the sale of unregistered securities, the SEC filed settlement charges against Mango DAO and the Blockworks Foundation on September 27, 2024. Mango violated the Securities Act of 1933 by selling MNGO governance tokens in August 2021, raising approximately $70 million, according to the SEC. Mango Labs was also charged by the SEC with violating the Securities Exchange Act of 1934 by operating as an unregistered broker. Mango’s decentralized autonomous organization (DAO) consented to pay $700,000 in civil fines, destroy MNGO tokens, and ask exchanges to remove the tokens from circulation as part of the settlement. According to Jorge Tenreiro, head of the SEC’s Cryptocurrency Assets and Cyber Unit, “since the beginning of our cryptocurrency enforcement program, our view has been that the label ‘DAO’ does not change the reality of who is behind a project.” The Mango DAO voted on Aug. 19, 2024, to settle with the SEC for $223,228 and destroy MNGO tokens. In September 2024, a different proposal to reach a $500,000 settlement with the CFTC was made. Mango Markets was launched in August 2021 by founders Maximilian Schneider, Britt Cyr and John Kramer. The platform was created on the Solana blockchain as a decentralized trade and loan platform. It sought to deliver rapid, low-cost trading and borrowing services using its governance token, MNGO. Mango Markets’ total value locked at the time of publication was $9 million, a 95.7% decrease from its peak of $210 million in November 2021, according to DefiLlama. A history…
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Crypto News
Disaster fund for victim of wildfires in California 2025
The Giving fund claims that since its launch, its platform has raised almost $200 million in crypto currency donations. The Giving fund a business that collaborates with nonprofits to enable bitcoin payments, organized an emergency response fundraising for the people affected by the wildfires in California, in southern California. The Giving funds chief operating officer, Ben Pousty, stated that the charity’s objective was to raise $2 million. Jared Isaacman, the CEO of Shift4, The Giving fund parent business, is contributing $1 million to the cause. Additionally, the chief operating officer informed Cointelegraph that there are special advantages to making philanthropic contributions in cryptocurrency. Pousty stated in a written statement: “Crypto is a creative, effective way to give back since it might help donors avoid capital gains taxes, possibly allowing them to deduct the full fair market value on their taxes while contributing more to causes they care about.” Since cryptocurrency may help donors avoid capital gains taxes, they may be able to deduct the full fair market value from their taxes and donate more to organizations that are important to them. This makes cryptocurrency an innovative and efficient way to give back. The Giving Block’s history…
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Crypto Markets
Crypto bull market entering final stage: Crypto Quant 2025
According to data analytics company CryptoQuant, investors are encouraged to exercise care as the cryptocurrency market is currently in the “later stages of the current crypto bull cycle.” By the first quarter of 2025, or at the latest the second quarter, the bull market, which started in January 2023, is probably going to achieve its cyclical peak. Bitcoin Dan, a contributor to CryptoQuant, said in a Jan. 6 post. It is logical to assume that the market is currently in the latter phases of this cycle given the significant flood of new investments and additional monies from current investors, the post stated. According to the report, the percentage of Bitcoin BTC$96,046 that was traded for less than a month increased to 36% in the fourth quarter of 2024, following a pattern similar to previous cryptocurrency market peaks. According to CryptoQuant, this ratio is probably going to continue climbing and might even double or quadruple before correcting at the beginning of a bear cycle. Crypto bull Contrasting views The cautious approach taken by CryptoQuant is in contrast to the majority of analysts, who predict that the bull run will last until the end of 2025 and that it may correct in the fourth quarter.…
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Blockchain
Here is Everything You Need To Know About Bitcoin in 2024
The first extensively used cryptocurrency in history, bitcoin allows users to send digital currency instantly and securely over the internet. A hidden individual or group known as Satoshi Nakamoto developed Bitcoin, which is a digital currency that enables safe peer-to-peer online transactions. The technology was described in a white paper published in 2008. Bitcoin is decentralized; any two people, anywhere in the world, can send bitcoin to each other without the assistance of a bank, government, or other organization, in contrast to services like Venmo and PayPal, which depend on the established financial system for authorization to transfer money and on pre-existing debit/credit accounts. The blockchain, which is comparable to a bank’s ledger or log of clients’ money coming into and leaving the bank, records every Bitcoin transaction. Put simply, it’s a log of all the bitcoin transactions that have ever been made. The Bitcoin blockchain is dispersed throughout the network, in contrast to a bank’s ledger. Anyone can join that network, and it is not controlled by any one nation, business, or other entity. Only 21 million bitcoin will ever exist. This digital currency is impervious to inflation and manipulation. You don’t have to purchase a whole bitcoin; if that’s all you need or want, you can purchase a fraction of one. Important Questions What is BTC? The short form for bitcoin is BTC. Is Bitcoin considered a cryptocurrency? Actually, the first cryptocurrency to be extensively used is bitcoin, which is simply another name for digital currency. Is…
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Crypto Reviews
A Year in Crypto 2024
For the cryptocurrency sector, 2024 was a historic year marked by tenacity, expansion, and first-ever achievements. The industry saw tremendous advancements, from stablecoins solidifying their place in international finance to Bitcoin hitting all-time highs. We’ll go over the major events and turning points of 2024 in this post, dissecting them using data that illustrates a year that was revolutionary for the cryptocurrency industry. Bitcoin in 2024: $108,000 ATH, Halving, and 94.8% Mined Throughout 2024, Bitcoin continued to be the focus of attention, generating institutional acceptance and market excitement. Bitcoin established new standards with two significant rallies, expanding national treasury reserves, and innovative ETF approvals. $108,000: Bitcoin’s New All-Time High By December 2024, Bitcoin had risen above the symbolic $100,000 mark to an all-time high of $108,000, securing its place as the world’s most valuable asset.…
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Web 3.0
Evolution of Ethereum Decentralization in Crypto 2024
The decentralization principle, which distributes control throughout the network and empowers users, is at the core of Ethereum. This article will examine the history of Ethereum’s decentralization, including its inception and current trends. From the Beginning It’s crucial to keep in mind that you can purchase Ethereum using before delving deeper into the decentralization of the cryptocurrency. Trust Wallet, which accepts both ETH and ERC20 tokens, can also be used as your Ethereum wallet. Origin Story: What is Ethereum? Let’s take a look back at Ethereum’s beginnings before getting into the specifics of decentralization. A teenage programmer named Vitalik Buterin had an idea for a platform in 2013 that was more advanced than Bitcoin, the first significant cryptocurrency. Buterin envisioned a more flexible network, even as Bitcoin transformed digital currency. In addition to transferring value, he aimed to develop a platform that could automate and carry out agreements through self-enforcing contracts. Smart contracts, which are essentially digital agreements that live on the blockchain and run automatically when specific circumstances are satisfied, were first offered by Ethereum in 2015. This development made it possible to develop a wide range of decentralized applications (dApps) on the Ethereum network, creating a thriving ecosystem for everything from gaming to banking (DeFi). Ethereum’s Path to Decentralization…
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Web 3.0
Beginner’s Guide for Hyperliquid in crypto 2024
With its creative use of blockchain technology and trading, Hyperliquid is creating a stir in the decentralized finance (DeFi) space. With its special combination of speed, transparency, and user-friendly features, this high-performance Layer 1 blockchain seeks to completely transform how we interact with digital assets. This article will help you understand the fundamentals of cryptocurrency while interacting with this innovative platform by going over the Hyperliquid ecosystem, its native HYPE coin, and how to get started with Trust Wallet. What is Hyperliquid? A state-of-the-art decentralized exchange (DEX), Hyperliquid is based on its own Layer 1 blockchain. It’s made to provide traders the best of both worlds: decentralized platforms’ transparency and centralized exchanges’ efficiency. With block times of less than a second and a throughput of up to 100,000 orders per second, Hyperliquid is notable for its speedy transaction processing. The platform’s primary goal is to offer a smooth trading experience for perpetual futures contracts, which are gaining popularity in the cryptocurrency community. Without truly holding the underlying assets, traders can speculate on the price of cryptocurrencies thanks to perpetual futures contracts. The HYPE Token: Powering the Hyperliquid Ecosystem As the lifeblood of the Hyperliquid ecosystem, the HYPE token performs crucial tasks that propel user engagement and platform operations. Being the native cryptocurrency, HYPE grants its holders governance rights, allowing them to actively influence the platform’s future by taking part in important decision-making procedures.…
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Crypto Markets
What is a Pullback in Cryptocurrency?
For cryptocurrency traders and investors, it’s critical to comprehend market movements. A significant part of the price patterns seen in cryptocurrency markets are pullbacks. Pullbacks are brief reversals in price movement that frequently follow extended periods of rise and present market participants with both possibilities and challenges. Crypto pullbacks differ from other market occurrences, like as crashes and pumps, each of which has unique traits and ramifications. Although they can create short-term anxiety, pullbacks are typically regarded as a natural and even beneficial aspect of market dynamics. Pullbacks allow for consolidation and can pave the way for future expansion. The nature of cryptocurrency pullbacks, their relationship to other market movements, and their impact on trading techniques are all examined in this article. We’ll talk about how to approach these market events and examine the technical components of spotting pullbacks. It is crucial to remember that this information is merely meant to be educational and should not be interpreted as financial advice. Understanding Crypto Pullbacks A crypto pullback, sometimes referred to as a retracement, is a brief reversal in a cryptocurrency’s price movement. When a cryptocurrency asset’s price briefly drops after rising for a while, it’s called a pullback. In each market cycle, including the cryptocurrency market, pullbacks are regarded as a natural and healthy component. Pullbacks in the cryptocurrency market usually appear as a momentary lull in an overall rising trend, allowing the market to consolidate before continuing on its upward path. Assuming the general trend holds, traders frequently view these moves as chances to join positions at more advantageous levels. Characteristics of Crypto…
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Crypto Markets
Cryptocurrency Hashing Algorithms Explained 2024
Each cryptocurrency uses its specific encryption algorithm. The mining equipment decrypts, ensuring the functioning of the blockchain, processing transactions, and…
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Crypto Markets
5 Ways to Earn Free Crypto in 2024
As cryptocurrency’s popularity keeps growing, the appeal of getting these virtual currencies for nothing is getting stronger. In 2024, there are a lot of ways for people to earn free crypto currency without investing any cash. It’s crucial to approach these chances cautiously and with knowledge, though.Ten efficient strategies to get free cryptocurrency in 2024 are listed in this tutorial. Every technique provides a distinct way to obtain these digital goods, accommodating varying tastes and ability levels.There are several options to choose, ranging from taking part in airdrops and bounty campaigns to using referral networks and finishing microtasks. 1. Earn free Crypto by Airdrops The idea of airdrops,…
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