Ripple announces $250M NFT Creator Fund’s newest recipients
Boris Alergant, the head of DeFi Markets at Ripple, claimed that the fund was established to advance the NFT economy of XRP. Ripple has announced the second wave of recipients chosen to join its $250 million Creator Fund focusing on fostering the development of NFT-related projects on the XRP Ledger. The metaverse platform 9LEVEL9, which […]
IOSCO requests more intense monitoring of “finfluencers”
To counter the rising hazards in digital marketing, the International Organization of Securities Commissions (IOSCO) proposed a number of additional rules. The International Organization of Securities Commissions (IOSCO) Board feels that in order to handle the rising risks and difficulties brought on by the “digitalization of retail marketing and distribution,” regulators at both the national […]
Solana DeFi Exchange Mango Experience Market Manipulation
The trader took advantage of the fact that there wasn’t enough money in the market by changing the price of MNGO on the decentralized exchange Mango. A bad crypto trader used millions of dollars to rig the prices of Mango’s MNGO tokens on its own decentralized exchange (DEX) to drain over $116 million from the […]
DeFi platform Mango Markets faces $100M exploit
Mango Markets, a decentralized finance (DeFi) exchange based on the Solana blockchain has reportedly suffered a breach of over $100 million as a result of an attacker manipulating price data. By manipulating the value of their Mango (MNGO) native token collateral and then taking out “large loans” from Mango Markets’ treasury, the attacker was able […]
Uniswap reportedly seeks funds for its DeFi offerings
According to a recent report, major decentralized exchange (DEX) Uniswap has been in talks with NFT lending protocols to raise funds to further develop its decentralized finance (DeFi) capabilities. According to a Sept. 30 TechCrunch story, Uniswap Labs, a DeFi firm that contributes to the Uniswap Protocol, is in discussions with a number of investors […]