Bitcoin dropped to under $30,000 last night and sparked a selling frenzy in the crypto market—one that led to half a billion dollars in liquidations, $285 million of that in BTC alone.As per data from analytics app Bybt, over 113,956 traders were liquidated on various crypto exchanges, with the largest single liquidation order occurring on futures powerhouse Bybit—a Bitcoin … [Read more...] about $540 million ‘rekt’ as top cryptos plunge overnight. Here’s the aftermath
Million
Concerns raised as $10 million in Uniswap tokens got sold after ‘insider’ proposal
The new policy organization, DeFi Education Fund, focused on promoting decentralized finance (DeFi) education and advocacy were supported through the Ethereum (ETH) DeFi protocol Uniswap and it deployed half of the funds received from the protocol’s treasury in a single transaction.The fund was formed with 1 million Uniswap (UNI), after receiving support from the protocol’s … [Read more...] about Concerns raised as $10 million in Uniswap tokens got sold after ‘insider’ proposal
$250 million worth of cryptocurrency seized in UK
$250 million worth of cryptocurrency seized in UK | CryptoSlate Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest U.K. › CrimePolice seized crypto worth hundreds of millions of dollars in the biggest-ever move of its kind. Shaurya Malwa · July 13, 2021 at 2:00 pm UTC · 1 min read $250 million worth of … [Read more...] about $250 million worth of cryptocurrency seized in UK
Bitcoin drops by $2,000. $185 million in longs go ‘rekt’
Bitcoin fell by nearly $2,000 this morning, ‘liquidating’ $200 million worth of futures positions in the past 12 hours and bringing down much of the crypto market alongside.Liquidations, for the uninitiated, occur when leveraged positions are automatically closed out by exchanges/brokerages as a “safety mechanism.” Futures and margin traders—who borrow capital from exchanges … [Read more...] about Bitcoin drops by $2,000. $185 million in longs go ‘rekt’
Brazilian ‘King of Bitcoin’ Arrested for Involvement in Alleged $300 Million Fraud
Claudio Oliveira, owner of the Bitcoin Bank in Brazil and known as the ‘King of Bitcoin,’ was arrested yesterday for his alleged participation in a fraud scheme involving $300 million. According to inquiries from federal authorities, Oliveira faked a Bitcoin hack back in 2019 in which his company lost a significant amount of bitcoin. More than 7,000 customers lost their funds … [Read more...] about Brazilian ‘King of Bitcoin’ Arrested for Involvement in Alleged $300 Million Fraud