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Did conflicting reports about Evergrande defaulting cause Bitcoin to tank?
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Conflicting news about whether Chinese property giant Evergrande had defaulted on its overdue loan payments emerged just before Bitcoin’s recent price crash.
Evergrande Group is China’s second-largest property developer and is in debt for roughly $300 billion. There are fears that its collapse could spark a wider financial crisis.
Two minutes after Evergrande’s payment was due, the Deutsche Markt Screening Agentur (DMSA) issued an announcement on Nov. 10 at 4 p.m. UTC stating that it was preparing
Read more on cointelegraph.comAbout this in other media
Mining Bitcoin is putting communities on the frontline of the climate crisis at risk, say experts euronews.com /3 years ago
Evergrande default is highly likely, S&P says cnbc.com /3 years ago
Bitcoin prices retreat for 4th day: What's cooking? economictimes.indiatimes.com /3 years ago
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