Quick Take During Friday’s session, when Bitcoin touched the low of $19,500 due to the fallout of SVB, further contagion spread into Europe. Bitcoin is up 25% from the lows, while Gold is up 5%,...
Tag: Distress
Marathon’s first Bitcoin sale in 2 years not the result of distress
The second largest publicly-listed holder of Bitcoin, crypto mining firm Marathon Digital Holdings has offloaded some of its Bitcoin (BTC) for the first time in two years. A spokesman told Cointelegr...
Top crypto firm suspends investor dividends citing liquidity distress – Cryptopolitan
Multiple crypto firms are still contending with tight liquidity despite the market recovery to the $1 trillion mark. The 2022 crypto winter and industry shortcomings forced many firms to limit expense...
Vitalik Buterin supports Solana in the latter’s hour of distress
Solana has lost several projects to its competitors; however, there appears to be a ray of hope as Vitalik Buterin expresses his support for the blockchain and its ecosystem. Ethereum’s Buterin believ...
Analysis of BlockFi’s Chapter 11 Bankruptcy Filing
November 28, 2022, 1:07PM EST • 1 min read Quick Take November 28, 2022 BlockFi files for Chapter 11 Bankruptcy Protection BlockFi estimates there will be funds left over to distribute to the more tha...
Core Scientific reveals financial distress in SEC filing, says its end may be near
Bitcoin miner Core Scientific filed forms with the United States Securities and Exchange Commission on Oct. 26 indicating that will not make payments due in late October and early November. The compan...
China’s Junk Debt Is Sliding Deeper Into Unprecedented Distress
(Bloomberg) — A worsening crisis in China’s property market is dragging junk dollar bonds from the nation’s borrowers deeper into distress, as the implosion of what was once one of the world’s m...
Bitcoin mining pool Poolin in distress following liquidity crisis
The Bitcoin mining pool Poolin on Sept. 6 announced liquidity problems and subsequently suspended withdrawals, flash trades, and internal transfers from its network. Mining pools collate processing po...
DXY Index Reaching New Highs, Crypto Markets Could be in Distress This Weekend
The crypto space is expected to be in dire straits as the top crypto, Bitcoin is currently switching above and below $19,000. The shaky environment could be due to the strengthening of the USD as the ...
LUNA, LUNC investors may experience some distress due to this update
A piece of proposed legislation in the House of Representatives would put a two-year moratorium on creating algorithmic stablecoins. According to Bloomberg’s latest version of the legislation, it woul...
Crypto New Casualty – Hodlnaut Sacks 80% Of Personnel Due To Liquidity Distress
Troubled Crypto lender Hodlnaut has laid off 80% of its employees and filed for judicial intervention in Singapore in a bid to decrease costs and stay afloat. On Friday, Hodlnaut, which offers cryptoc...
Lowering Shiba Inu Burning Rate Putting Community in Distress
Shiba Inu is making efforts to stay relevant into space yet lagging behind due to the slow pace of SHIB burn. Shiba Inu tokens had faced significant criticism for their quantity from their very ...
Court letters reveal financial distress after Celsius, Voyager bankruptcies
Recent court documents filed in the bankruptcy cases of Voyager Digital and Celsius Network reveal the financial ruin potentially facing customers of both companies. “The money that my wife and I were...
$4B in Bitcoin Mining Loans Are in Distress — JPMorgan Analyst Says Price Pressure Stems From Miner Sales – Bitcoin News
Cryptocurrency-related lending has become a black smudge for the industry these days and according to a recent report, bitcoin’s low price has put billions in mining loans under stress. The report, wh...
Celsius Network Cites More Distress, No Support From Its Largest Investors
Celsius Network LLC, the struggling crypto lending service, is likely to tackle its financial fights alone, according to numerous sources obtained by WSJ. This is because the firm is unlikely to get f...
Coinbase Stock’s ‘Distress Level’ Offers a Long-Term Opportunity, Says Oppenheimer
Whether you’re a crypto fan or not, the industry never lacks for drama. The past week was particularly buzzy after the stablecoin TerraUSD de-pegged from the U.S. dollar and sent crypto prices tumblin...
Bitcoin (BTC) Bearish Patterns Not Ending Anytime Soon! Distress for Traders to Continue, Here’s Why? – Coinpedia – Fintech & Cryptocurreny News Media
Geopolitical concerns appear to have put an end to bitcoin’s robust comeback, which saw the cryptocurrency gain almost $40,000 in the first half of February. On Tuesday, the price of Bitcoin plummeted...