Digital Surge – a crypto exchange in Australia – is getting a big pat on the back today after avoiding liquidation and enforcing a last-minute plan to keep itself open. Stakeholders of the company sig...
Tag: liquidation
Bitcoin News: Total Liquidation Breaches $200 Mln As Bitcoin Nears $25k
Bitcoin News: The global digital asset market registered a massive surge of 7% over the past day as the sentiments turns green again. Bitcoin (BTC), the world’s largest cryptocurrency, has been on a g...
Crypto industry may escape lasting damage from Silvergate liquidation
Banks are the lifeblood of a nation’s economic system, and any bank collapse is disturbing. Last week saw two failures. On March 8, Silvergate Capital — the cryptocurrency-focused banking company — en...
What happened to Silvergate Capital? And why does it matter?
Silvergate Capital SI, -11.27% served as one of the main banks for the crypto industry, prior to its collapse earlier this week. The news came just a week after the firm delayed its annual report to t...
Silvergate Bank Voluntary Liquidation Sparks Controversy in Crypto Industry
The voluntary liquidation of Silvergate Bank, a crypto-friendly bank, has caused a stir in the crypto industry, with many sharing their thoughts about the bank’s troubles and the broader impact of its...
Elizabeth Warren Blames ‘Crypto Risk’ for Silvergate Bank’s Liquidation, Critics Dismiss Senator’s Claims as ‘Terribly Misinformed’ – Bitcoin News
After Silvergate Bank announced its voluntary liquidation, U.S. senator Elizabeth Warren is attributing the financial institution’s downfall to “crypto risk.” According to Warren, she had previously w...
BTC Moves to Fresh Multi-Week Low Following Silvergate Liquidation Announcement – Market Updates Bitcoin News
Bitcoin continued to trade lower on March 9, as prices fell to a fresh multi-week low in today’s session. The decline came as crypto bank Silvergate confirmed that it will be winding down operations. ...
Game Over: Silvergate Bank in Liquidation
The threat of bankruptcy has extended and nothing else could save the crypto bank except itself. Silvergate announced today it would shut down operations and liquidate its bank in an effort to cope wi...
Silvergate Announces Voluntary Liquidation: What Does it Mean for Bitcoin?
Following the collapse of FTX – and the subsequent inquiries into just how much Silvergate knew about the business dealings of the FTX Group – trouble began brewing for the bank. Looming Trouble These...
Silvergate Bank Announces Voluntary Liquidation as Crypto Industry Woes Persist – Bitcoin News
At 4:30 p.m. Eastern Time, Silvergate Bank announced its intention to wind down the crypto-friendly bank’s operations and voluntarily liquidate the company’s assets. The news follows significant finan...
Crypto Bank Silvergate Announces ‘Voluntary Liquidation’
As a result, major crypto clients announced they would suspend their relationship with the bank, and its stock price fell 58% in intraday trading to an all-time low of $5.72 – down over $115 over the ...
U.S. Government Moves $1B of Seized Silk Road BTC, Prompting Liquidation Fears
Key Takeaways A wallet associated with seized Silk Road funds moved $1.08 billion in BTC. The address moved 39,174 BTC to two new wallets, and 9,825 BTC to a wallet reportedly belonging to Coinbase. T...
Bitcoin Shorts Are Piling Up, Liquidation Squeeze Soon?
Data shows Bitcoin funding rates have turned negative recently, suggesting that shorts are accumulating on the market. Will a squeeze follow? Bitcoin Funding Rates Are At Their Most Negative Since Dec...
Hodlnaut founders propose selling the firm instead of liquidation
The founders of the troubled cryptocurrency lender Hodlnaut are trying to save the business despite creditors insisting on its liquidation. On Feb. 28, Hodlnaut’s interim judicial managers released th...
Hodlnaut Founders Suggest Selling Over Liquidation
The founders of troubled crypto lender Hodlnaut are desperately trying to save the firm despite its creditors calling for its liquidation. Co-founder Simon Lee has stated selling the business would be...
Hodlnaut Considers Sale Over Liquidation
The founders of the beleaguered crypto lending protocol Hodlnaut are considering selling the business rather than putting it into liquidation. Simon Lee and Zhu Juntao, the co-founders of Singapore-ba...
Whales Move 10K BTC Amid Major Liquidation Risk
Bitcoin News: Bitcoin price risks a massive fall today if it breaches the 22,000 level. BTC options with $1.8 billion value expire, with a Put/Call ratio of 0.66 and the max pain at $22,000. Similarly...
Compute North’s plan for liquidation of remaining assets approved by court
Bankrupt hosting provider Compute North’s liquidation plan was approved by a judge with the U.S. Bankruptcy Court for the Southern District of Texas. While the company has already sold a m...
Bed Bath & Beyond to Shut Down Canadian Stores in Bankruptcy
Bed Bath & Beyond Inc.’s Canadian division will shut down its stores under court protection after the company received an unusual lifeline earlier this week to save its U.S. operations from bankru...
Market Crash; Liquidation Breaches $220 Million
Crypto Crash News: The global digital asset market continued to register a further decline on Friday. The crypto market crash comes in after the U.S. Securities and Exchange Commission’s (SEC) latest ...
Hodlnaut Hunts for Buyer, Creditors Want Liquidation
Interim judicial managers of distressed Singapore-based crypto lender Hodlnaut have begun fielding inquiries from prospective buyers and its claims against bankrupt exchange FTX. The managers are repo...
What is short liquidation and why should you know about it? – Cryptopolitan
Short liquidation or Short squeeze is one of the risks associated with cryptocurrency-leveraged trading. It happens when an investor or trader cannot meet the margin requirements for their position, e...
Bitzlato Scandal Triggers $100 Million Liquidation, Bitcoin (BTC) & Ethereum (ETH) Prices Plunge
After experiencing a surge that began at the beginning of this year, Bitcoin and Ethereum have seen a significant plummet in the past 24 hours. Long traders have lost a total of $100 million worth of ...
Is Aptos (APT) Being Manipulated? Suspicious Liquidation Data Suggests So
Aptos has been one of the most popular positions on the cryptocurrency market since its initial listing and release. However, the price performance of the token itself was not the most outstanding and...
Court Docs Reveal FTX Allowed Alameda to Borrow $65,000,000,000 for Trading, Made Firm Exempt From Liquidation
Newly released court documents reveal a “$65 billion back door” that FTX had set up for Alameda, the now-defunct crypto exchange’s trading arm. A case docket with a deck detailing FTX’s assets and lia...
Here’s Why FTX’s Asset Liquidation Could Trigger Massive Bear Market
The FTX and Alameda’s investigation continue to uncover nasty activities in the cryptocurrency market. While FTX officials purport to have identified about $5 billion worth of FTX digital assets, Cinn...
Alameda liquidators hit with liquidation for second time in 3 days
According to Arkham Intelligence, Alameda Research liquidators were liquidated for the second time in three days in light of recent market movements. Alameda liquidators wrote off $15,000 of Curve DAO...
Crypto Lender Hodlnaut Faces Liquidation by Creditors
Beleaguered crypto lender Hodlnaut faces liquidation after key lenders rejected a proposed restructuring plan, amid a probe from Singapore authorities. The group of creditors, including the Algorand F...
Hodlnaut Creditors Demand Liquidation Over Restructuring Plan
11 hours ago | 2 mins read Defi News An application to remove the temporary judicial managers was denied at a hearing. In August 2022, Hodlnaut stopped processing withdrawals due to lack of liquidity....
Silvergate downgraded to underperform at Wedbush on prospects for liquidation after its shuts down its exchange network
Silvergate Capital Corp. SI, +0.87% stock fell 9.7% in premarket trades Monday after the company announced it’s shutting down its crypto currency payments network called the Silvergate Exchange Networ...