2024-2-18 21:46 |
Kirkland & Ellis — Celsius' legal counsel — shared an update on the creditor fund distributions outlined in the restructuring plan.
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Executives from WeWork, Lehman Brothers, US Bitcoin, and Arrington Capital will serve on the board of the crypto lender’s successor, as will two members of Celsius’ own creditor committee.
2023-9-11 12:26 | |
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Amid the Celsius bankruptcy, permission has been granted to the company by a US bankruptcy judge to consider creditor approval for its bankruptcy plan. Creditors are to vote on Celsius’s plans to sell assets to the Fahrenheit consortium after a judge approved disclosures on Thursday, and creditors are expected to recoup up to 85% of […]
2023-8-19 23:00 | |
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Celsius Network, the bankrupt cryptocurrency lender, has received court approval for its restructuring plan as it works to emerge from bankruptcy. The plan, which allows Celsius to restructure its debts and continue operating, received a United States bankruptcy judge’s permission to commence creditor votes.
2023-8-16 14:00 | |
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Creditor distributions will only be made in the two most popular cryptocurrencies, the company said
2023-7-1 17:22 | |
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Bankrupt crypto lender Celsius has withdrawn 6,521 staked Ethereum — worth over $13 million — since the Shapella upgrade. The post Celsius Withdraw Over 6,000 Staked Ethereum; Plans to Sue Creditor appeared first on BeInCrypto.
2023-4-15 17:34 | |
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According to reports, the now-bankrupt Celsius Network is preparing to sue a creditor and media personality, Tiffany Fong, for disclosing confidential information
2023-4-15 12:31 | |
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Creditor Tiffany Fong argues she hasn’t done anything wrong, asserting that she didn’t break any nondisclosure agreements by reporting on the leaked information.
2023-4-15 05:21 | |
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Simon Dixon, the 21st largest creditor on Celsius Network initiated an emergency broadcast following a court hearing yesterday.
2022-11-5 20:30 | |
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The bankrupt 3AC owes $3. 5 billion to dozens of investors, as stated in a court paper. The Genesis OTC platform was the largest company creditor — $2. 36 billion. Interestingly, another major bankrupt company Voyager Digital is next on the list – $685 million.
2022-7-20 18:35 | |
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After the first court hearing in its Chapter 11 bankruptcy proceedings, Celsius has provided details for how customers can make a claim, and also says it wants to present a plan to the court "that will provide customers with an option to remain long crypto."
2022-7-20 15:00 | |
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Celsius is owed $439 million from a single counterparty, EquitiesFirst, which has been paying off its debt by $5 million each month. Celsius involuntarily became EquitiesFirsts creditor when the investment...
2022-7-16 20:35 | |
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Celsius’s Chapter 11 bankruptcy claim revealed that the company had over 100,000 creditors and it was working on a restructuring deal that would see most of them paid off. The post Celsius bankruptcy filing shows its biggest creditor has ties to Alameda Research appeared first on CryptoSlate.
2022-7-15 19:30 | |
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Less than 10% of stablecoin transaction volumes are organic or come from real people, according to new findings by Visa and data platform Allium Labs, Bloomberg reported.
Shiba Inu has scored another major listing as PayPal users within the United States can now buy the dog-themed cryptocurrency through MoonPay, opening up new avenues for adoption and potentially fueling a price increase.
MoonPay announced today that its U.S. users can now buy and sell more than 110 cryptocurrencies through PayPal.
MoonPay partners with PayPal to offer US users a seamless way to purchase cryptocurrency directly using their PayPal accounts. The post MoonPay and PayPal unite to streamline fiat-to-crypto transactions for US users appeared first on Crypto Briefing.
Worldcoin recently announced plans to launch its open-source blockchain, World Chain. Worldcoin has faced regulatory challenges around the world. Worldcoin’s collaboration with PayPal and OpenAI will be a major achievement for the company.
PayPal’s Blockchain Research Group has joined Energy Web and DMG Blockchain Solutions to support “sustainable” Bitcoin mining. According to the paper, the collaboration “presents an opportunity to accelerate the clean energy transition” using crypto-economic incentives.
Paypal plans to reward Bitcoin mining firms who take steps to reduce the environmental effects of their operations. PayPal’s Blockchain Research Group, in partnership with Energy Web and DMG Blockchain Solutions, has proposed utilizing “cryptoeconomic incentives” to encourage Bitcoin miners…