Liquidations occur when an exchange forcefully closes a trader’s leveraged position as a safety mechanism due to a partial or total loss of the trader’s initial margin. This happens primarily in futures trading, which only tracks asset prices, as opposed to spot trading, where traders own the actual assets. Source link … [Read more...] about Bitcoin Falls Below $43K, Leads to $800M in Crypto Liquidations
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Animoca Brands Leads $9M Round in NFT Data Aggregator CryptoSlam
CryptoSlam, a non-fungible token (NFT) industry data aggregator, has closed an oversubscribed $9 million funding round. The strategic seed round was led by venture capital firm Animoca Brands, a noted NFT investor that counts Dapper Labs and Axie Infinity among its portfolio companies. Source link … [Read more...] about Animoca Brands Leads $9M Round in NFT Data Aggregator CryptoSlam
Polkadot Leads Altcoin Losses After Bitcoin Is Rejected at $52K
A catalyst for DOT’s upward price movement last week was the start of the second batch of parachain auctions on the Polkadot network. Parachains are distinct blockchains that run atop the main Polkadot network. Polkadot, however, has a limited number of openings available. To gain access, a parachain has to win a community-run auction that uses DOT to vote for slots, leading to … [Read more...] about Polkadot Leads Altcoin Losses After Bitcoin Is Rejected at $52K
Dogecoin Leads Gains as Crypto Market Shows Muted Recovery
Crypto prices remain suppressed compared with last week. Prices of bitcoin, ether and Binance coin, the three largest cryptocurrencies by market capitalization, are down 4.2%, 9.9%, and 8.3% in the past week. And investors have lost even more on SOL, LUNA and MATIC: The three tokens are down 12%, 14.8%, and 15.4%, respectively, on the week. Source link … [Read more...] about Dogecoin Leads Gains as Crypto Market Shows Muted Recovery
Solana Leads Gains as Cryptos Recover on Fed Decision
Solana led gains among larger tokens amid a broader jump in global markets. The crypto market has added almost $59 billion in value over the past day following the U.S. Federal Reserve decision to gradually reduce stimulus benefits and taper purchases of government bonds after inflation climbed to a 39-year high.Tokens of Solana, the fifth-largest crypto by market … [Read more...] about Solana Leads Gains as Cryptos Recover on Fed Decision