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Explaining Bitcoin’s ‘Flash Crash’
11.12.2023
The cryptocurrency's volatility cuts both ways
Ex-Alameda Employee Exposes Firm’s Massive Bitcoin Trading Misstep
21.9.2023
An ex-employee of Alameda Research has revealed that a trading blunder from the firm precipitated an astonishing 87% plunge in bitcoin’s (BTC) price on the Binance US exchange. This mishap, the insider disclosed, resulted in losses reaching the “order of tens of millions.”...
Scientists reverse-engineered the Luna flash crash using particle physics
21.8.2023
Some of the same techniques used to study the thermal history of the universe can be used to understand crypto crashes
PacWest stock flash crash recovers after rescue merger with Banc of Cali
26.7.2023
PacWest shares crashed 27% before recovering on a rescue acquisition by the smaller Banc of California
Report: US Central Bank Loses Billions From Rate Hikes, ‘Losses Pile up Into an IOU’
25.10.2022
While the U.S. Federal Reserve ramped up the benchmark bank rate with a barrage of rate hikes, U.S. Treasury markets and global bond markets, in general, have seen one of the worst selloffs in over a decade. The Fed’s actions has fueled criticism toward the U.S. central bank as some strategists...
Analysts Say an Onslaught of Fed Rate Hikes Could Spur a ‘Bond Market Flash Crash’ or ‘Blow up the Treasury’
23.10.2022
The U.S. economy has been struggling with inflation running rampant and investors are eagerly waiting for the U.S. Federal Reserve to announce the next federal funds rate hike next month. Harris Kupperman, the founder of the hedge fund Praetorian Capital, believes the onslaught of Fed rate hikes...
Chain.com tokens lose 96% of value in 24 hours due to flash crash before recovery
14.6.2022
Prices quickly recovered after developers determined that a technical API issue, not a security breach, catalyzed the heavy sell-off
Crypto Flash Crash Prompts El Salvador to Buy the Dip — 150 Bitcoins Added to Treasury
4.12.2021
As the crypto market shed billions of dollars, El Salvador bought the dip, taking advantage of the falling price of bitcoin early Saturday morning. With the latest buy, El Salvador has purchased a total of 1,370 bitcoins altogether. According to Salvadoran president Nayib Bukele, the coins were...
Bitcoin, Ethereum Rebound Sharply After Another Crash while El Salvador Misses 'the F***ing Bottom'
4.12.2021
The crypto market saw another sharp correction on Saturday morning (UTC time), followed by a strong rebound, while over USD 2.5bn in derivatives trading positions were liquidated in the past 24 hours. El Salvador "bought the dip" once again....
Read More: Bitcoin, Ethereum Rebound Sharply After...
Bitcoin Fundamentals Remain Strong Despite Flash Crash - Analysts
8.9.2021
most altcoins were still down markedly over the past 24 hours, despite dip buyers coming to the rescue to bid up the prices of many coins from their lows yesterday. For now, the price of bitcoin remains down by 10% for the past day, trading at around USD 46,129, while ETH is also down by 10% to a pr
Barrick Gold CEO Says ‘No One Believes in Fiat Currencies Anymore’
10.8.2021
The South African businessman and CEO at Barrick Gold Corporation, Mark Bristow, recently explained in an interview that “no one believes in fiat currencies anymore.” Bristow says the world is currently “battling” on how to “position investments on the back of...
Gold Rebounds After Sunday’s Flash Crash — Price Slide Blamed on Thin Trading Conditions, Leverage, Covid
9.8.2021
The price of an ounce of gold dropped dramatically this week, slipping under the $1,700 handle to $1,688 per ounce on August 8. On Monday, gold regained some of the losses jumping 2.36% back above the $1.7K region to $1,727 per ounce of fine gold. Gold’s Volatile Movements This Weekend Blamed...
Flash crash rattles gold markets as Bitcoin holds strong
9.8.2021
Gold prices have dropped below $1,700 per ounce this morning in what analysts described as stop-loss driven selling
Flash Crash Post-Mortem: Overleveraged Crypto Gamblers Did It Again
20.5.2021
The flash crash in the crypto market on Wednesday was heavily exasperated by liquidations and leverage - debunking some narratives along the way.
Yesterday, almost USD 9bn worth of trading positions (around 800,000 in total) in the crypto derivatives market were liquidated, per Bybt.com data....
Crypto Flash Crash: Recovery, Unavailable Exchanges & Tesla's 'Diamond Hands'
19.5.2021
On Wednesday, what initially appeared as another usual sharp correction in the crypto market, suddenly turned into a less usual flash crash, once again marked by exchange outages and sharp rebound, while professional investors educate newbies, and Elon Musk claims that Tesla has not sold their...
‘Extreme Selling’ Caused Kraken Ethereum Flash Crash - CEO
23.2.2021
Jesse Powell, CEO of Kraken. Source: a screenshot, Instagram/krakenfx
“Extreme” ethereum (ETH) selling caused yesterday’s flash crash to USD 700 on Kraken, according to Jesse Powell, CEO and Co-founder of the crypto exchange giant.
The CEO was speaking to Bloomberg TV, and claimed that his firm...
Kraken users demand refunds over flash-crash liquidations
23.2.2021
Margin traders on Kraken are outraged after a flash-crash triggered wholesale liquidations while the exchange was inaccessible to users
Makerdao Vote to Not Compensate Black Thursday Victims Receives Harsh Criticism
25.9.2020
Large Makerdao holders decided not to compensate the victims that were liquidated during the unexpected flash crash that took place on March 12, otherwise known as ‘Black Thursday.’ An aggregate total of 38 votes was cast and more than 65% of the governance portal participants voted...
MakerDAO Users Hosed by March Flash Crash Won’t Get MKR Payouts, Say MKR Whales
24.9.2020
After initially voting to do so, the Maker community will not compensate investors who lost big on the lending platform during "Black Thursday's" price rout
What flash crash? ETH options still favor $500 Ethereum price
3.9.2020
Ethereum price corrected 13% but derivatives data still support a $500 Ether price