Voyager Customers to Withdraw 35% of Frozen Crypto Assets as Platform Reopens
June 15 (Cointime) - Voyager customers, whose assets were frozen almost a year ago, will soon be able to withdraw around 35% of their crypto. The bankrupt crypto lender's platform is set to reopen between June 20 and July 5, allowing creditors to make withdrawals.
Venus Protocol's $210M Binance Coin Position Teeters on Liquidation Edge
Venus Protocol, a decentralized lending platform on the BNB Chain, is under scrutiny as a large Binance Coin (BNB) position, belonging to an entity responsible for a major hack last year, risks liquidation.
Cardano Plummets 23% Amid SEC Lawsuit and Altcoin Market Downturn
Cardano has suffered a significant decline in value over the past few days, with a 23% drop in the last 24 hours. This has led to the liquidation of nearly $400 million worth of altcoins. The SEC's lawsuit against Coinbase, which includes allegations that some altcoins are securities, has caused concern among investors, with Cardano being one of the affected cryptocurrencies. Despite this, Cardano's Input Output Global has released a statement denying that ADA is a security.
Over $137M Worth of Crypto Liquidated in 24 Hours As Market Falls
Over $137M worth of crypto were liquidated in the last 24 hours as the crypto market experienced a fall. Bitcoin fell by -2.49%, dragging most altcoins down with it. Out of $137.22 million liquidated, $62.9 million came from BTC, while Ethereum had $31.53 million.
Hodlnaut Creditors Want Liquidation, Spurning Management’s Restructuring Solution
A document confirms that, despite Hodlnaut’s best efforts, the firm has not been able to find a prospective investor that could provide the liquidity that would bring it afloat again.
How a Liquidation Order Is Executed: Liquidation Price vs. Bankruptcy Price
Liquidation occurs when the margin balance falls below the maintenance margin. The liquidation price is the point at which a trader’s position starts entering liquidation
