Crypto Markets

How to Avoid Crypto Scams and Stay Safe Online

Cryptocurrency has revolutionized the financial world, offering decentralized, secure, and fast transactions. However, with the rise of digital currencies, crypto…

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Best Crypto Wallets for Safe Storage in 2025

As the cryptocurrency market continues to evolve, the importance of securing your digital assets has never been more critical. With…

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How to Earn Passive Income with Cryptocurrency

Cryptocurrency has revolutionized the financial world, offering new opportunities for investors and tech enthusiasts alike. Beyond the potential for high…

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The Impact of Bitcoin Halving on Crypto Prices

Bitcoin halving is one of the most anticipated events in the cryptocurrency market. This event occurs approximately every four years…

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Top Crypto Exchanges in 2025: A Detailed Comparison

The cryptocurrency landscape continues to evolve, and 2025 promises to be another transformative year for digital asset trading. With an…

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5 Best Crypto Trading Strategies for Maximum Profit

The cryptocurrency market is dynamic, volatile, and filled with opportunities for traders who know how to navigate it successfully. If…

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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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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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