Stablecoin flows hint at $50K Bitcoin after Tesla pump liquidates $500M in BT...
Around $500 million worth of positions were liquidated within hours as the Tesla news caused Bitcoin to spike over $46,000. Bitcoin (BTC) has extended its rally over $46,000 on Feb. 9, a day after a U.S. Securities and Exchange Commission (SEC) filing revealed that Tesla bought $1.5 billion worth of BTC. The price of Bitcoin immediately soared from around $39,000 to $45,000 across major exchanges on Feb. 8 after the news began to spread.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingviewMass Bitcoin liquidationAs the Bitcoin price initially rallied to $45,000, it caused $500....
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On July 8, 2022, the company behind the largest stablecoin in the world, Tether, revealed that the firm liquidated a loan made to the crypto lender Celsius, and the liquidation caused “no losses to Tether.” According to the stablecoin issuer, the bitcoin loan to Celsius was “overcollateralized” by roughly “130%+.” Tether Liquidates Bitcoin Loan Taken out by Celsius — Stablecoin Issuer Stresses It Will ‘Never Put the Integrity of Its Reserves at Risk’ The company Tether has informed the public that the firm “has never and....
After a terrible start to its launch back in July this year, the PUMP token has finally found its spark, managing to lead the recent market recovery. The Pump.Fun native token rose by over 140% over the last month, featuring prominently at the top of the gainers’ list during this time. A slowdown has since rocked the altcoin after this, but it may not be the end of the story. Pump.Fun Surpasses Hyperliquid In Daily Revenue In an interesting turn of events, Pump.Fun, the native platform behind the PUMP token, has overtaken Hyperliquid in terms of daily revenue. Hyperliquid, an....
Data shows $450 million in crypto futures has liquidated over the last 24 hours as Bitcoin has broken past $47k and the overall market has observed a surge. $450 Million In Crypto Futures Liquidates, 75% Of Which Involves Shorts Yesterday, Bitcoin and the wider market started on a sharp uptrend, taking the total market cap […]
PRESS RELEASE. Crypto adoption is on the crest of a wave and so is India’s Antier Solutions that has aced the business in a short span. The blockchain and cryptocurrency development company has launched tokens worth USD 500M for its customers all over the world. In an industry that values worth USD 1 Trillion, this is an encouraging achievement for one of the earliest entrants in decentralized finance development. “We take immense pride in devoting our efforts towards the futuristic scope of decentralized finance that has had a scintillating take-off in the past 2 years.....
Elon Musk’s electric car company, Tesla, has informed the U.S. Securities and Exchange Commission (SEC) in a quarterly filing that it may restart the practice of transacting in cryptocurrencies for its products and services. Tesla suspended accepting bitcoin in May, citing environmental concerns.
Tesla May Resume Accepting Bitcoin, SEC Filing Shows
Tesla Inc. filed a quarterly report with the U.S. Securities and Exchange Commission (SEC) Monday.
The company explained that during the nine months ended Sept. 20, it “purchased an aggregate of $1.50 billion....