2023-5-3 17:40 |
Defunct crypto lender Celsius Network seeks to merge its UK and US operations after allegations of fraudulent transfers. Smaller creditors are seeking fair treatment in the recovery of lost funds. origin »
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Midas Investments announced the closure of its DeFi solution as the FTX and Celsius contagions and other devastating events so far in 2022 have made it impossible for it to continue normal operations.
2022-12-29 19:33 | |
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Cryptocurrency firm Celsius received proposals from 30 possible purchasers or its mining and retail operations Galaxy Digital Holding intends to purchase Celsius' custody platform, GK8 ThirtThe post Why 2023 could bring some good news for this bankrupt cryptocurrency lender appeared first on AMBCrypto.
2022-12-21 17:30 | |
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A new report by the examiner of the bankrupt crypto lender, Celsius Network, details shortfalls in controls and operations at two of the company’s product offerings related to digital assets it held in custody for customers, raising issues of whether…
2022-11-21 00:04 | |
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The wrecked Celsius Network is attempting to make moves that will appease many investors who are dissatisfied with the company’s operations. However, it appears that this transition will be difficult.
2022-10-4 07:00 | |
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Texas state agencies are raising an objection to a plan by bankrupt crypto lender Celsius Network to sell off its stablecoin holdings to pay for ongoing operations, according to a new court filing.
2022-9-30 21:20 | |
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Celsius Network has seen months of turmoil as the company halted operations, was hit with lawsuits and filed for bankruptcy in the United States. Now, its CEO and founder Alex Mashinsky submitted his letter of resignation, according to a press release.
2022-9-27 18:53 | |
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Bankrupt crypto lending company Celsius has requested the court for authorization to sell its stablecoin holdings. The sale of the stablecoins will generate liquidity to finance the crypto lender’s daily operations but won’t be used to repay creditors.
2022-9-17 00:12 | |
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The crypto lending firm intends to get the liquidity and support its operations with the funds from the sell-off.
2022-9-17 13:55 | |
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Alex Mashinsky, CEO of bankrupt crypto lender Celsius, has outlined a plan to pivot his company’s operations from lending services to custody services. The pitch was reportedly made during an iThe post Celsius’s CEO plotting a pivot to custody services- Details inside appeared first on AMBCrypto.
2022-9-14 23:00 | |
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Crypto lender Celsius expects $70 million from loan repayments that will extend its runway cost beyond November. The post Celsius expects to receive $70M loan repayment to fund operations beyond November appeared first on CryptoSlate.
2022-9-3 22:22 | |
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Celsius Network’s bankruptcy proceedings have highlighted that the firm has misrepresented many of its assets with deep complexities in its operations.
2022-8-26 16:03 | |
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The United States Trustee Office has asked for an independent probe of Celsius in the bankruptcy case to ensure transparency of Celsius’ finances and operations. The post Celsius Bankruptcy Case Requires Independent Examiner Says US Trustee Office appeared first on BeInCrypto.
2022-8-19 09:00 | |
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Celsius Network CEO Alex Mashinsky took over the crypto lender's trading strategy operations in January, months before the platform filed for bankruptcy, reported the Financial Times. The post Celsius Network CEO Ran Trading Desk for Months, Report Reveals appeared first on BeInCrypto.
2022-8-17 22:45 | |
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Arkansas resident Taylor Goines has filed a class-action lawsuit against Celsius for selling unregistered securities, likening the crypto lender's operations to a Ponzi scheme. The post Arkansas Resident Launches Damning Class-Action Lawsuit Against Celsius appeared first on BeInCrypto.
2022-7-17 00:30 | |
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The company says it’s planning to continue operations throughout the restructuring process, though withdrawals will continue to be paused at this time.
2022-7-14 05:30 | |
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Celsius finally broke its silence with a June 30 blog post stating that it is “working as quickly as we can to stabilize liquidity and operations. ” Behind the scenes, it claims that actions are being made to “take important steps to preserve and protect assets and explore options available to us.
2022-7-1 20:24 | |
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Celsius CEO Alex Mashinsky didn't try to leave the U.S. last week but has continued to work on recovering liquidity and operations, the company claimed.
2022-6-29 11:41 | |
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The American platform became the first to freeze the withdrawal operations, but it might not be the last.
2022-6-22 10:27 | |
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The crypto lender has now put $500 million into Bitcoin mining operations in North… The post Crypto lending platform Celsius injects another $300M into BTC mining appeared first on Coin Journal.
2021-11-23 19:18 | |
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The UK-based crypto lending firm Celsius Network has just closed a partnership with Simplex so that it can offer in-app crypto purchases, an announcement from February 18 says. More and more crypto business from all over the world are trying to integrate into their operations the fiat onramp options for their customers to jump into […]
2020-2-19 23:33 | |
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According to the latest press release, leading crypto lending firm Celsius Network has seen an increase of 2,165% growth in deposits. The network has already surpassed 20,000 BTC through mobile app deposits during the first year of operations.
2019-8-28 16:18 | |
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After a month and a half-long suspension, Celsius is back to full operations in the US. The global crypto lending startup has reportedly reinstated its native token, ending the long absence. Celsius Network, a platform founded on the promise of “the lowest interest rates on loans,” is intended to share as much as 80% of […]
2019-8-9 21:01 | |
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A lending firm which allows borrowers to use their cryptocurrency holdings as collateral has claimed an “amazing performance” after lending out more than half a billion dollars worth of fiat currency in the last five months of 2018.
2019-2-7 23:39 | |
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A proposal to ban sports and political prediction markets issued under the Biden administration has been formally withdrawn by the Commodity Futures Trading Commission. According to a Feb. 4 statement from CFTC Chair Michael Selig, the 2024 proposal reflected what…
A senior Democratic lawmaker has launched a formal investigation into World Liberty Financial Inc (WLF), demanding information and documents over reported foreign investments and potential links between the crypto company, national security policy, and U.
U.S. Treasury Secretary Scott Bessent told lawmakers this week that the federal government lacks the legal authority to bail out Bitcoin or direct banks to purchase cryptocurrencies. His remarks emphasized the limits of government intervention as digital assets face renewed…
Stablecoins should be treated as governed, auditable money, so real-world adoption stops feeling far off and finally achieves the needed scale
Crypto exchange Bybit has announced plans to launch retail banking services on its platform starting next month. Dubbed “My Bank,” the new product has been slated for launch in February, according to CEO Ben Zhou, who announced the offering during…
Instead of a simple BTC acquisition, active treasuries may run secure networks and stake treasury assets to generate yield for investors.
The next generation of financial infrastructure isn’t just code; it’s governance, security, risk architecture, and regulation.