Tether Liquidates Celsius Bitcoin Loan — ‘Position Has Been Liquidated With No Losses’ to the Company

Tether Liquidates Celsius Bitcoin Loan — 'Position Has Been Liquidated With No Losses' to the CompanyOn 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 […]

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Massive Short Squeeze Pushes Bitcoin Closer to $40K, Crypto Economy Jumps 9% Higher

The price of bitcoin jumped over 15% in a matter of three hours on Sunday evening and came awfully close to the $40K handle. Since then, the crypto asset has dropped back a few percentages and currently hovers above the $38K range. The entire cryptocurrency economy has spiked 9.72% rising to $1.53 trillion in overall […]

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Incoming Squeeze? Bitcoin Shorts on Bitfinex Spike, BTC Long Positions Tap Fresh New Highs

Incoming Squeeze? Bitcoin Shorts on Bitfinex Spike, BTC Long Positions Tap Fresh New HighsThe entire market capitalization of all 10,800 cryptocurrencies in existence is down 2.8% on Monday as bitcoin has lost over 2.4% during the last 24 hours. Meanwhile, bitcoin shorts are rising again after bitcoin shorts tapped a two-year high on the derivatives exchange Bitfinex on June 25. Bitcoin Shorts Climb Higher Bitcoin (BTC) and digital […]

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Synthetic Bitcoin Is 100x More Lethal Than the Real Thing

Synthetic Bitcoin Is 100x More Dangerous Than the Real ThingDerivatives trading isn’t new, but it’s been enjoying a renaissance of late. As the cryptocurrency market has traded sideways, traders have upped the leverage and rushed to swap BTC derivatives that promise greater risk and reward. While platforms like Bitmex and Deribit have profited from the boom in synthetic assets, many traders have been left […]

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Theories Abound After BTC Leaps While Bitmex is Down

Theories Abound After Bitcoin Leaps While Bitmex is DownIt’s been an interesting 12 hours for BTC, with the cryptocurrency finally breaking through resistance levels. Most of the drama took place within the space of just a few minutes, when BTC gained $400 without blinking. It is no coincidence, however, that the event took place just as the popular cryptocurrency exchange Bitmex went offline. […]

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Eight Ways to Profit in a Crypto Bear Market

Eight Ways to Profit in a Crypto Bear MarketIf the crypto winter has placed your altcoin trading on ice, you were never a trader to begin with. Any fool can make money in a bull market, but bear markets are where knowledge is gained and future profits are carved. Also read: Wendy McElroy: How Centralized Exchanges Intend to Devastate You Bear Markets Are Best […]

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Okex Rolls Back Futures Contracts After Liquidations Leave Traders Reeling

Okex Rolls Back Futures Contracts After Liquidations Leave Traders ReelingOkex has promised to roll back futures transactions after irregular activity saw bitcoin plunge to under $4,800. The incident triggered massive liquidations, wiped out hundreds of contracts, and saw one trader threaten to commit suicide in front of Okex’ Hong Kong offices. Also read: Hacked Cryptocurrency Exchange Youbit Re-Emerges Amid Insurance Controversy Okex Reverses the Rekoning […]

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