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Search Results for: Celsius network

DOJ Official Objects to Withdrawal Request by Celsius Network

U.S. Trustee William K. Harrington filed paperwork with the court. Harrington criticized Celsius’s timing for releasing the money. Resuming withdrawals is a top priority for Celsius, but the company may have to wait since the U.S. Trustee Program (which regulates the management of bankruptcy proceedings) has concerns. Celsius sought approval

October 1, 2022 2 mins read

Celsius Network CEO Alex Mashinsky Resigns Amid Bankruptcy

The company has been granted authorization to sell Bitcoin it has mined. Celsius Network was silent for weeks before filing for bankruptcy. The CEO of the defunct crypto lender Celsius Network, Alex Mashinsky, has resigned, as reported by a New York law firm in a news release published on Tuesday.

September 27, 2022 2 mins read

Celsius Network Submits a Request To Sell Its Stablecoin Holdings Worth About $23M

A bankrupt crypto lending company, Celsius Network, reveals about its file request to sell its stablecoin holdings. All the documents related to the case were submitted to the United States Bankruptcy Court Southern District Of New York. In addition, the lender company states it will sell its both existing and

September 16, 2022 2 mins read

Court Grants Celsius Network Approval To Sell New Mined Bitcoins

Celsius mined 432.30 BTC in July, which is equivalent to nearly $10.3 million. Judge Martin Glenn of the Bankruptcy Court reached the ruling. Troubled crypto lender Celsius Network received a reprieve when the court supervising the firm’s bankruptcy case allowed the company to sell freshly mined Bitcoin. Although there were

August 17, 2022 1 min read

Ripple Labs Interested in Buying Assets of Celsius Network

The Celsius network filed for bankruptcy last month. Withdrawals and transfers from user accounts have been suspended since June. A prospective acquirer of the assets of the Celsius network is Ripple Labs, the organization that created the XRP cryptocurrency. According to Reuter’s article, the blockchain payments startup is interested in

August 10, 2022 1 min read

Celsius Network Placed Under DFR Investigation

DFR is set to investigate the crypto lending platform, Celsius.  As per DFR, Celsius is an ‘unregistered security’, it operated outside the law. The U.S based Vermont Department of Financial Regulation (DFR), has a recent update on the crypto firm, Celsius Network. According to a statement issued on Tuesday, DFR

July 13, 2022 2 mins read

Celsius Network Minimizes Debts Amid Bankruptcy Battle

Celsius Network paid off $113,105,000 on its Aave and Compound loans. Celsius freed up more than $450 million in collateral. Since last week’s wave of bitcoin loan repayments, the troubled cryptocurrency lender Celsius Network which has suspended customer withdrawals due to liquidity issues has paid off $113 million on its

July 12, 2022 2 mins read

When Will Celsius Network Allow Withdrawals?

On June 13, Celsius Network, one of the largest crypto lenders pauses all withdrawals, Swaps, and transfers between accounts. It’s been 7 days since the transactions were paused due to the extreme market condition. The network took this move to put Celsius in a better position to meet its withdrawal

June 20, 2022 1 min read

Celsius Network (CEL) Price Prediction 2022 – Will CEL Hit $10 Soon?

Bullish CEL price prediction is $0.4873 to $1.5401. The CEL price will also reach $10 soon. CEL bearish market price prediction for 2022 is $0.1733. In Celsius Network (CEL) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about CEL to analyze the future movement

June 14, 2022 9 mins read

Celsius Token Surges 300% in a Month After $2.5B Repayment to Creditors

The native token of the Celsius Network had a price spike of more than 300 percent in the month after the debut of its $2.5 billion repayment plan for over 250,000 debtors. The insolvent digital asset lender paid back around $2.53 billion to 251,000 creditors, according to a court document

September 24, 2024 1 min read