Creditors of Singapore-based cryptocurrency lending platform Hodlnaut have rejected the company’s suggested restructuring plan and instead demand liquidation of the platform’s assets. The group of creditors did not approve of a restructuring proposal. That would have kept the present board of directors in place throughout the transition period. Reports from
The Elon Musk Twitter acquisition, worth $44 billion, helped propel the price. During its recent upswing, Dogecoin jumped into the top 10 cryptocurrency rankings. The price of Dogecoin (DOGE), the biggest meme cryptocurrency, surged by over 110%, surpassing the $0.135 barrier that had previously served as a formidable barrier. The
The Singapore High Court granted Teneo’s petition to seize and liquidate 3AC’s assets. The firm filed for bankruptcy in the British Virgin Islands at the end of June. Su Zhu, the co-founder of Three Arrows Capital (3AC), claims that Teneo, the liquidator appointed by the court, misrepresented before the Singapore
Public Bitcoin miners sold 4,456 BTC in May alone. 3AC owes lenders 18,193 BTC and the equivalent of 22,054 BTC in GBTC. Since May 10, the largest institutions have sold up to 236,237 Bitcoin (BTC), worth $5.541 billion at the time of writing, some often as a result of forced
Teneo Restructuring will provide assistance in the process. Crypto broker Voyager Digital also revealed $661 million in exposure to the fund. According to Sky News, a court in the British Virgin Islands has ordered the liquidation of the Singapore-based crypto firm Three Arrows Capital (3AC). Teneo Restructuring, according to the
The liquidation rate has been $ 904.64 M in the last 24 hrs. 19.6 K BTC was liquidated which values around 430 M. The number of traders involved in liquidation has increased exponentially in this bear market situation. The long-term traders have also seemed to have lost hope in crypto.
Crypto market stands with a 24-hour trading volume of $73.84B USD. Total TVL in DeFi protocols dropped by 2.04% in the last 24h. Bears have entirely taken control of the steering and are driving the crypto market towards steeping losses. As the major cryptos began to bottom out, the market
Crypto market crashes again on January 21,2022. BTC hit a 6 months low of $38K. Leads to the entire crypto sector a liquidation of $725 million. Just when all were the high hopes for the year 2022 to brighten up, overcoming the 1st market crash of 2022, tragedy strikes again.
The bears seem to have taken the week off. The data confirms a daily total of $157.16 million in liquidations. The Ethereum (ETH) price crashed Monday with the rest of the crypto market. Many liquidations throughout the space experienced price stress. The brutal sell-off on Monday sparked short volatility in
The co-owner of MTI, Clayton Marks owns about 50% of the Mirror Trading Investment (MTI). He reluctantly repels and is defensive on the latest liquidation put upon MTI for their Bitcoin (BTC) scam. The MTI BTC Scam The Mirror Trading Investment (MTI) based in South Africa, is a cryptocurrency trading
