#liquidation

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bitcoin
Coindesk
2 months ago
Cryptocurrency

Bankrupt Cryptopia Exchange to Return Crypto to Some Creditors

Cryptopia plans to distribute bitcoin and dogecoin to qualifying account holders in upcoming months.
Initial distribution to include bitcoin and dogecoin, with future plans to distribute remaining cryptocurrencies by 2024. [ more ]
London Business News | Londonlovesbusiness.com
3 months ago
Cryptocurrency

Bitcoin at the highest levels since 2021

Bitcoin is trying to maintain the level of $50,000 after rapid gains.
Outflows from the Grayscale Bitcoin Trust (GBTC) are declining while flows into new spot ETFs are increasing. [ more ]
London Business News | Londonlovesbusiness.com
3 months ago
Cryptocurrency

Bitcoin outlook: Will the cryptocurrency market recover?

Bitcoin price dropped to $38,555 and rose above $40,000, triggering massive liquidation in the cryptocurrency market.
The decline in Bitcoin prices may be due to GBTC redemption through bankrupt exchange FTX and the approval of a Bitcoin ETF by the SEC. [ more ]
Coindesk
4 months ago
Cryptocurrency

Fake Bitcoin ETF Approval Tweet Causes $90M in Liquidations

Price volatility following fake tweets from SEC's account caused $90 million worth of bitcoin positions to be liquidated.
Hackers gained control of SEC's account and posted fake tweets about bitcoin ETF approval, causing prices to spike and then fall. [ more ]
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price-volatility
Coindesk
3 months ago
Cryptocurrency

Bitcoin Futures Open Interest Tops $21B, Highest Since November 2021

The dollar-valued locked-in open futures and perpetual futures contracts have topped $21 billion for the first time since November 2021.
The overall leverage in the market remains low, indicating low odds of sudden liquidation-induced price volatility. [ more ]
Coindesk
4 months ago
Cryptocurrency

Bitcoin's Wall Street Debut Ends in Tears for Futures Traders, Leads to $83M Liquidations

The debut of bitcoin ETFs in the U.S. impacted $80 million in bitcoin futures bets.
Bitcoin prices initially rose but then retreated as sellers likely drove volumes. [ more ]
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Axios
3 months ago
World news

China Evergrande has been ordered to liquidate - and the mess is far from over

China Evergrande, one of the world's biggest corporate debtors, has been ordered to liquidate in a Hong Kong court.
The bankruptcy and recovery process for Evergrande will be closely watched by global investors who have been losing confidence in China. [ more ]
time.com
3 months ago
Business

China Evergrande, World's Most-Indebted Property Developer, Ordered to Liquidate

China Evergrande Group has been ordered to be liquidated by a Hong Kong court, marking a significant development in China's real estate crisis.
The liquidation order is expected to have ripple effects in China's financial system and could further worsen the ongoing stock market rout. [ more ]
www.cbc.ca
3 months ago
Canada news

Evergrande ordered to liquidate after it fails to reach restructuring deal with creditors | CBC News

A Hong Kong court has ordered the liquidation of China Evergrande Group, the world's most indebted developer.
The decision is likely to impact China's financial markets and add to the country's economic challenges.
The liquidation process may be complicated due to political considerations and could take months or years to complete. [ more ]
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