Amid the major liquidity crisis, Silvergate Bank (NYSE: SI) decided to wind down operations and move into liquidation. This is one of the first and major high-profile blow up in the traditional bankin...
Tag: unwinds
Paul Tudor Jones sees Bitcoin much higher as fiscal excess unwinds
On holding Bitcoin, Hedge Fund Manager Paul Tudor Jones said he has “still got a very minor allocation, I’ve always had a small allocation to it.” This is despite its highly correlated moves with the ...
BlockFi Will No Longer Accept Grayscale GBTC Shares As Collateral, Unwinds All Positions
Crypto lenders in the market have been severely struggling to handle liquidity challenges. On Tuesday, July 12, crypto lender BlockFi announced that it will no longer be accepting Grayscale’s GBTC sha...
Bitcoin has support at $23K, but analysts warn of a dire drop to $8K as global debt unwinds
Bitcoin’s (BTC) month-long choppy price action came to an end on June 13 after a deep market sell-off pressed the top cryptocurrency under the $29,000 support. The move took place as equities ma...