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Tag: liquidated

GBTC Bitcoin discount nears 50% on FTX woes as investors stock up

The largest Bitcoin (BTC) institutional investment vehicle is coming under suspicion as it trades at a record discount.The Grayscale Bitcoin Trust (GBTC) is the...

Disentangling the Crypto Crash of 2022

A reckoning in the digital asset industry that started in June after the collapse of improperly collateralized investment assets gained new urgency in...

FTX Fraud: More Bombshell Revelations in New Bankruptcy Filing

Key Takeaways A filing from FTX's new CEO has more thoroughly revealed the shocking state of the company's finances. New FTX CEO John J. Ray III,...

Bitcoin in Hip-Hop: Rapping Warm in the Crypto Winter

Buy and sell Bitcoin the easy way Start your crypto portfolio today! ...

Cardano (ADA) Gains Over 13% In Value Over The Week

ADA, the native token of the Cardano blockchain, is on a bullish run. The token has gained over 13% in terms of price movements as it tries to recover its October losses. ADA also boasted significant gains earlier today; however, it is down 1.46% at $0.4046. Cardano’s weekly gains are not the only thing community members are celebrating. The blockchain’s NFT sector has also experienced substantial gains. Cardano community members also hope that some big changes will come to the blockchain this November.  Related Reading: Dogecoin (DOGE) Rallies With Over 10% Gains; Will Price Finally Hit $0.1? Cardano Gains Over 13% As European Parliament Member Calls It A “Rocket” Cardano has bagged impressive gains in the last 7 days, leaving traders with an overall gain of more than 13%. The blockchain network’s activity in the last 24 hours also shows a substantial increase in trading volume and number of transactions. Specifically, ADA outpaced the market with a 150% increase in trading volume in the last day alone. The token’s weekly chart also showed impressive gains. ADA increased by over 13%, making it one of the top performers among all cryptocurrencies. The ADA/USD pair broke above the resistance level of $0.36, which could be considered a positive sign for investors. The recent surge in ADA prices comes after a European parliament member called the cryptocurrency “a rocket in the crypto space.” MEP Stefan Berger commented on Twitter after his encounter with Frederik Gregaard, CEO of the Cardano Foundation.  ADA listing On FTX Might Be Disastrous, Cardano Founder And BitBoy Argue Ben “BitBoy” Armstrong, a crypto influencer, voiced his reservations over ADA listing on FTX on Tuesday, Oct. 24. BitBoy tweeted that FTX might compel bankrupt crypto broker Voyager to liquidate all ADA holdings with the spot pair listing. In response, Cardano co-founder Charles Hoskinson said that Voyager ADA accounts should not be liquidated if FTX begins trading ADA. FTX’s CEO, Sam Bankman-Fried, has been silent thus far. ADA Experiencing A Mini Bull-Run, Cardano Educator A popular Cardano influencer has remarked that the crypto is in the midst of a bull run. The influencer, known pseudonymously as ADA Whale, made the statement on Twitter yesterday (October 25th) while referring to the network’s recent activities. The influencer wrote: We’re in the midst of a mini bull run in network activity with daily txn tending to 100k at a blockchain load of 50%. The educator noted two factors were responsible for the bull run. “The uptick is mostly thanks to the NFTs bull run, but trading on dexes has also notably picked up in recent weeks,” ADA Whale added. Related Reading: Is Bitcoin Rise Above $20k Sustainable? Here’s What On-Chain Data Says Prior to this, the Cardano educator made bullish predictions about the token. He noted that Cardano would “explode” in the next bull cycle once “DeFi, NFTs, and community engagement” start taking off. The educators mentioned that institutional investors appear to be losing interest in layer one (“L1”) blockchains. Therefore, it should provide space for Cardano (with its highly devoted and passionate community) to “thrive.” Featured image from Pixabay and chart from TradingView.com

Bitcoin, Ethereum Rally Liquidates Over $1 Billion in Trades Overnight

As Bitcoin eyes a possible breakout above $21,000, the broader crypto market’s liquidations over the past day topped a massive $1 billion.

Sub-$20K Bitcoin price puts BTC miner profits under pressure as hash rate soars

Soaring hash rate, high electricity costs and BTC price hovering under $20,000 for months is complicating matters for Bitcoin miners.

Traders Who Shorted Ethereum Are Having a Bad Day – Over $110 MILLION in ETH Shorts Now LIQUIDATED as Gains Near 10%… | Crypto...

Be glad you did not guess towards ETH. If you probably did, my condolences. ETH’s value surge started at a time lots of people...

What if USDT Tether depegged? – Bits on Blocks

Having spoken with a number of industry participants, it’s clear to me that the large traders do not expect USDT to depeg.  They tend to believe...

Gate.io Review 2023: Top Exchange for Crypto Bots & Copy Trading

<!-- --> The search for the perfect cryptocurrency exchange is never easy. With over 600 exchanges around, trying to find the...

Binance Review 2023: Pros & Cons and In-Depth Exchange Overview

<!-- --> Anyone involved in cryptocurrencies has likely heard the name Binance already. It’s the leading global cryptocurrency exchange, plus as...

A Discussion On Decentralized Cryptocurrency With Joshua Scigala – The New Trust Economy

With the world moving towards runaway inflation, even possibly hyperinflation, we need to take stock of the tools we have at our disposal. One...

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