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Join Our Telegram channel to stay up to date on breaking news coverage Mango Markers suffered a $117 million exploit on October 11. The Mango Markets Community is now planning to reach a settlement deal with the hacker, and they will allow the threat actor to retain $47 million as a bug bounty. Mango Markets to take a $47M settlement from hacker The Mango Markets community plans to settle a deal with its hacker after losing $117 million because of an exploit. Mango Markets is a decentralized finance (DeFi) governance protocol. The proposed terms of this deal show that the attacker will return $67 million of the stolen funds. The hacker will also maintain $47 million of the stolen amount. The community has already approved the deal. 98% of the voters on the governance protocol, with 291 million tokens, have voted in favor of this deal. As part of the deal, the DeFi protocol will also not pursue criminal charges on the matter. The quorum for voting on this proposal has alread...

Join Our Telegram channel to stay up to date on breaking news coverage In the current state of the cryptocurrency market , investors have been anything but careless while investing in cryptocurrencies. While several cryptocurrency projects have been building heavily, two projects that have been standing out recently are LUNC and TAMA. LUNC and TAMA are projects that are built entirely differently from each other. One is a prominent name in the Defi space, while the other is a community favourite in the Blockchain gaming sector. Despite this difference, both projects have been showing similarities in terms of price action . This goes to show that while projects may be getting launched every, the industry still has much room to grow. As the sector continues to be in a state of infancy, it may be several years before various categories get valued differently. At the moment, the growth of projects is primarily dependent on the community and how investors perceive its growth. Majo...

Join Our Telegram channel to stay up to date on breaking news coverage Lucky Block: October 9th, 2022 Lucky Block V1 market is preparing to take off towards higher price Marks. And as you will agree that a profitable trader is the one who spots a trend early enough, and then utilizes it properly. At this point price action is already hinting at a position uptrend Lucky Block’s current worth: is $0.0001844 LBLOCKs Market Cap: $7.52 Million LBLOCK’s Moving Supply: 40.77 billion Overall Supply of Lucky BLOCK: 3.6 billion Coinmarketcap Ranking for LBLOCK: #4370 Major Price Mark: Top Levels: $0.0001844, $0.0001875, $0.0001900 Floor Levels: $0.0001814, $0.0001800, $0.0001780 LBLOCK V1 Price Prediction: Lucky Block V1 Price May Bounce to the Upside LBLOCK/USD 4-hour shows that price action may have hit strong support from which an upward move can occur. Looking at the applied Bollinger indicator, it could be seen that price candle has landed on the lower limi...

Join Our Telegram channel to stay up to date on breaking news coverage According to recent sources, Binance, the largest cryptocurrency exchange in the world, has implemented a new burn mechanism for the Luna Classic (LUNC) coin, which was initially utilized for the Terra chain. What remains to be seen after the next burn is how high LUNC can go. Luna Classic Continues To Rise The value of Luna Classic’s token soared by over 68% in one day after Binance’s original statement on the token burn mechanism for Luna Classic on September 26. More than doubling in value in only six days, the token went from a low of roughly $0.00018 on that day to over $0.00037 on October 2. Binance sends the trading fees it collects from LUNC spot and margin trading pairs to the LUNC burn address, where they are destroyed. The discussion implies that the regular Tuesday schedule will continue “until further notice.” As of Tuesday, October 11 at 00:00 UTC, the following fire w...