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Solana Shoots Up While Larger Marketcap Bitcoin, Ethereum Drop — What Is The Possible Reason?
Tuesday, June 25, 2024 - 1:45am | 648Solana (CRYPTO: SOL) defied the slump in blue-chip currencies to emerge as the best-performing large-cap cryptocurrency in the last 24 hours. What Happened: The fifth-largest coin by market valuation jumped more than 8% on a day where Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) bled...
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Binance Has Enough BTC To Cover Customer Deposits, Bitcoin Reserves Are Fully Collateralized, Says Auditing Firm Mazars
Thursday, December 8, 2022 - 11:46am | 453Cryptocurrency exchange Binance (CRYPTO: BNB) has 101% collateralization of its Bitcoin (CRYPTO: BTC) holdings, according to a report by the auditing firm Mazars. This means that Binance has more than enough BTC to cover customer deposits. According to a recent report by Mazars, as of November 22...
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Crypto Lender Celsius Files For Chapter 11 Bankruptcy
Wednesday, July 13, 2022 - 9:46pm | 468Distressed cryptocurrency lending platform Celsius Network has filed for Chapter 11 Bankruptcy. What Happened: In a press release on Wednesday, the company said it had initiated voluntary petitions for reorganization in the United States Bankruptcy Court for the Southern District of...
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Celsius Sent $500M Wrapped Bitcoin To FTX: Selloff Imminent?
Friday, July 8, 2022 - 11:39am | 615Market participants shared concerns that cryptocurrency lender Celsius might sell $500 million Bitcoin (CRYPTO: BTC) transferred to FTX on Thursday. What Happened: The Celsius Network sent 24,462 Wrapped Bitcoin (CRYPTO: WBTC) to crypto exchange FTX, according to a...
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Celsius Posts 7000+ Bitcoin As Collateral: Here's The Updated Price Of A Complete Liquidation
Tuesday, June 14, 2022 - 11:06am | 372Over the past 3 days, Celsius (CRYPTO: CEL) has added over 7000 Wrapped Bitcoin (CRYPTO: WBTC) to avoid the risk of mass liquidation. What Happened: Given the extreme plunge in the crypto market over the past week, major cryptocurrencies, such as Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) ...