Search Results for: liquidation

Soluna Reports $24.4 million in Cryptocurrency Revenue in Full Year 2022, a 123% increase – Provides Operational Update

Hosting revenue of $4.1 million, BTC Equivalent Mined 883 ALBANY, N.Y.–(BUSINESS WIRE)–$SLNH #SLNH–Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. (“SCI”), a developer of green data centers for Bitcoin mining and other intensive computing, announced financial results for the full year ended

April 3, 2023 11 mins read

Ault Alliance Announces Share Buyback of up to 333,333,333 Shares of Common Stock at $0.15 per Share Through Exchange Offer for New Class of Preferred Stock

Stockholders can exchange blocks of 200 shares of common stock into three shares of a $10 liquidation preference, 10% cumulative dividend, non-voting, redeemable, perpetual preferred stock. The $0.15 liquidation preference per common share equivalent of the Series H Preferred Stock represents a 55% increase over the last reported sales price

March 31, 2023 8 mins read

Crypto Market Is Bouncing Back. Does It Indicate a Crypto Bubble?

Past weekend has given a panic attack to every other person in the financial sector, whether the conventional banking arena or the crypto market. The current week has started quite positively now. Bitcoin (BTC) moved up from $19.6K to $24.8K. The intense rise in the price and sudden drop is

March 14, 2023 2 mins read

Bitcoin (BTC) Price Hits $19K, Will the Decline Continue?

Crypto market leads Bitcoin (BTC) and Ethereum (ETH) have plunged more than 8% in the last 24 hours. The whole market is in panic as every other cryptocurrency is seen in red. Among the top 20 coins, only the stablecoins are witnessing a green graph. The fall is continuously declining

March 10, 2023 1 min read

Silvergate Capital Corporation Voluntarily Liquidates Bank Assets

Silvergate, the crypto-friendly banking service wind down its operations and is in process of voluntary liquidation. The bank announced the stoppage of crypto payment services, which was major “the heart” of the firm, as the week began. The crypto ecosystem now will have one less banking support. Silvergate news announcement

March 9, 2023 2 mins read

Is it Another Wave of Crypto Crash?

Another crypto industry giant Silvergate Capital is in danger of collapsing less than four months after Sam Bankman-Fried’s crypto exchange FTX and its sister company Alameda Research filed for bankruptcy. The global cryptocurrency market cap plummeted from $1.13 trillion to $1.02 trillion in just three days. The warning spread throughout

March 4, 2023 2 mins read

WisdomTree Announces Pricing of Offering of $130.0 Million of Convertible Senior Notes

NEW YORK–(BUSINESS WIRE)–WisdomTree, Inc. (NYSE: WT) (“WisdomTree”), a global financial innovator, today announced the pricing of its offering of $130.0 million aggregate principal amount of its convertible senior notes due 2028 (the “notes”) in a private offering (the “offering”) to qualified institutional buyers pursuant to Rule 144A under the Securities

February 10, 2023 9 mins read

Umee Launches “Historacle” – Industry’s First Price Manipulation Prevention Tool

After Nearly Half a Billion Dollars was Stolen from 2021-2022, Umee’s Historacle Prevents Manipulation Targeted at Small Cap Tokens NEW YORK–(BUSINESS WIRE)–Umee, a Cosmos blockchain built for seamless cross-chain borrowing and lending of digital assets, today announced the launch of the Historacle – the industry’s first price calculation method to

February 1, 2023 3 mins read

Whales Dump Billions of Shiba Inu Worth Around $5.1 Million

On Thursday, the Shiba Inu (SHIB) price rise that had been supported by the Shibarium update and the purchase of Ethereum (ETH) whales had reached a new low. Nearly the last day, the value of the second-largest meme crypto in the world has decreased by over 9 percent. A large

January 19, 2023 1 min read

Bitcoin (BTC) Short Trades Worth $82M Got Liquidated

Bitcoin (BTC), the dominant cryptocurrency in the global crypto market, has been experiencing a positive price momentum since the beginning of 2023. The market leading coin has reached a two-month high of around $20k amid the market’s rapid surge. Despite this, short traders have witnessed a massive loss following the

January 14, 2023 1 min read