The Bitcoin market is currently on edge as prominent analyst Crypto Rover warns of a potential liquidation event that could negatively affect the short holders. With Bitcoin trading within a significant consolidation phase, as revealed by Rover, analysis suggests that over $3 billion in short positions could face liquidation should …
Read More »
Pac Finance, a lending app on Blast, has had its users report a $24 million liquidation on April 11 due to a sudden change in parameters by the developer wallet. Mass liquidations are common for leveraged traders who borrow crypto, but they often occur due to fluctuations in the market, …
Read More »
In a recent court hearing in Delaware, the failed crypto exchange FTX announced its decision to abandon efforts to restart its crypto exchange and instead liquidate all assets to refund its customers, according to an attorney representing the company. Per a Reuters report, FTX had negotiated with potential bidders and …
Read More »
A notable perspective recently came from the Glassnode co-founders Jan Happel and Yann Allemann, Negentropic on X, who recently shared insights into Bitcoin price dynamics. Notably, the analysts highlighted liquidity as a crucial factor for Bitcoin’s price trajectory. Bitcoin Market On The Brink Of Spike In Volatility Negentropic revealed that …
Read More »
The filing comes just weeks after it was reported that Moonpay executives were at the centre of a Department of Justice (DoJ) securities fraud investigation. Crypto firm SafeMoon on Thursday, December 14, filed for Chapter 7 bankruptcy, also known as liquidation bankruptcy. The filing was done by attorney Mark Rose …
Read More »
The Ethereum price has followed Bitcoin’s lead and has seen a 10.3% price increase over the past seven days. News of BlackRock’s Bitcoin spot ETF filing with the US Securities and Exchange Commission took the entire market by surprise and also breathed new life into altcoins. For one trader on …
Read More »
Curve DAO’s governance token CRV dropped 12% on June15 after reports surfaced of risky loans taken by its founder, Michael Egorov, on Aave. The token recorded its lowest trading level against ether (ETH) at 0.00035010 ETH on June 15. According to on-chain analytics outlet LookOnChain, Egorov deposited 431 million CRV …
Read More »
Banks are the lifeblood of a nation’s financial system, and any financial institution collapse is disturbing. Final week noticed two failures. On March 8, Silvergate Capital — the cryptocurrency-focused banking firm — entered into voluntary liquidation. On March 10, United States regulators shut down and seized the deposits of tech-oriented Silicon …
Read More »
Investors continue to be bullish on Indonesia’s resilient agritech sector The sector attracted a flurry of small-sized deals throughout 2022, indicating strong investor appetite; At least 13 deals were made in the sector last year; Equity investments in the sector reached over US$220M. Lighthouse Canton bags US$19.1M in first close …
Read More »
Crypto financial institution Silvergate needed to undertake a 200-employee layoff and take different drastic measures to facilitate a withdrawal financial institution run. In the course of the FTX-triggered crypto meltdown, Silvergate Financial institution scrambled to cowl an enormous withdrawal spate and in addition launched into a substantial workers layoff. Based on the Wall Street …
Read More »
In instances the place company insolvency decision processes (CIRPs) have been initiated beneath the Insolvency and Bankruptcy Code by monetary collectors (FCs), realisations till September 2022 have been near 201 per cent of the liquidation worth, in line with information launched within the Reserve …
Read More »