{"id":3798,"date":"2021-09-10T20:24:33","date_gmt":"2021-09-10T14:54:33","guid":{"rendered":"https:\/\/mudrex.com\/blog\/?p=3798"},"modified":"2022-11-07T16:50:35","modified_gmt":"2022-11-07T11:20:35","slug":"positions-worth-billions-liquidated-last-week-flippening","status":"publish","type":"post","link":"https:\/\/mudrex.com\/blog\/positions-worth-billions-liquidated-last-week-flippening\/","title":{"rendered":"Positions Worth Billions Liquidated Last Week \ud83d\ude31"},"content":{"rendered":"\n

This week in The Flippening, TL;DR<\/strong><\/h4>\n\n\n\n

Largest liquidation event in months as more than $3.54 billion worth of positions got liquidated. El Salvador begins accepting Bitcoin as legal tender, so you can pay for your pizza with Bitcoin. SEC locks horns with various cryptocurrency exchanges. Coin of the week. Top Mudrex algos, memes, and more.
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\"\ud83d\udd0a\" Top Highlights of the Week (ending 10th Sep)<\/strong><\/h4>\n\n\n\n

$3.54 billion worth of positions get liquidated \ud83e\udd76<\/strong>\ud83d\ude31<\/p>\n\n\n\n

The largest liquidation event in months as 328,000+ traders were liquidated on Tuesday after BTC tanked. The total value of liquidations stood at over $3.54 billion. The worst figures were from the Huobi exchange where over $43.7 million worth of positions got liquidated.
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El Salvador adds 500 Bitcoins to its treasury, accepts BTC as legal tender \ud83d\ude0e<\/strong> <\/p>\n\n\n\n

El Salvador on Tuesday became the first country to accept bitcoin as legal tender. President Nayib Bukele’s government claims the move will give many Salvadorans access to bank services for the first time and save some $400 million in fees on remittances sent home from abroad every year. El Salvador bought its first 550 bitcoins; the first 400 in two tranches of 200, and another 150 coins during the dip. 
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SEC now locks horns with cryptocurrency exchanges \ud83d\udc79<\/a><\/strong><\/p>\n\n\n\n

The US Securities and Exchange Commission (SEC) has threatened to sue Coinbase Global Inc if the crypto exchange goes ahead with plans to launch a programme allowing users to earn interest by lending crypto assets, Coinbase said on September 8.
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The SEC is also investigating the crypto exchange developer Uniswap Labs, the main developer behind one of the world’s largest cryptocurrency exchanges, Uniswap, the Wall Street Journal reported on Friday, citing people familiar with the matter. 
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\ud83d\udcf0 Other news and top reads:<\/strong><\/h4>\n\n\n\n