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Crypto Flash Crash Wiped Out $300 Billion In Less Than 24 Hours, Spurring Massive Bitcoin Liquidations

Crypto Flash Crash Wiped Out $300 Billion In Less Than 24 Hours, Spurring Massive Bitcoin Liquidations

Topline After a run-up in prices ushering in Coinbase’s long-awaited market debut earlier in the week, the cryptocurrency market plummeted early Sunday after blackouts in China led to massive declines in bitcoin’s mining rates—tanking prices and spurring billions of dollars in liquidations. Key Facts An overnight crash that started late Saturday tanked the total market…

Robinhood back online after ‘experiencing issues with crypto trading,’ sparking users’ outrage amid massive Dogecoin rally

Robinhood said it was “experiencing issues with crypto trading” on Thursday evening but says service has been “fully restored.” The trading issues came as Dogecoin’s price has soared in recent days, prompting outrage from users. Robinhood has come under fire repeatedly after users were unable to trade during market rallies. See more stories on Insider’s…

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ARK buys $110 mln Coinbase shares, adding to positions

The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. REUTERS/Shannon StapletonCelebrity stockpicker Cathie Woods’ ARK funds bought more shares of Coinbase (COIN.O) worth $110 million a day after the cryptocurrency exchange’s Nasdaq debut, according…