The exclusivity period for defunct cryptocurrency lender Celsius was extended until February 15, 2023. With the court’s OK, the struggling cryptocurrency lender has a few more months to submit a Chapter 11 reorganization plan. Two court sessions on December 6 resulted in the permission to prolong the term of exclusivity.
This past Friday, insolvent cryptocurrency lender Celsius Network reported that Galaxy Digital (GLXY), founded by Mike Novogratz, had won an auction to buy the GK8 self-custody platform. The details of the arrangement, however, were kept under wraps. Galaxy’s co-president, Chris Ferraro, reportedly said that the business acquired the assets for
The casualties of the FTX collapse are not seemingly slowing down. Evidently, the bankrupted crypto exchange’s fall caused the global crypto market cap to plunge to $780 billion on Monday. Popularly, November 2021 turned out to be the crypto summer when the crypto market cap rose to $3 trillion. Notably,
Celsius, the bankrupt crypto lender has received approval for the bar date on Jan 3, 2023. The bar date is the deadline for the Celsius customer to file the claim for the entities the held until July 13. That is before the date, the network went into bankruptcy. This week,
In its Oct. 27 supporting statement for the objection, the trustee harshly criticized Celsius. Paying executives more in anticipation of a reorganization may seem counterproductive. U.S. trustee William Harrington is objecting to a Celsius motion. That would pay $2.96 million in retention bonuses to 62 of the company’s 275 workers.
Bullish Celsius price prediction is $1.25169 to $4.13498. Celsius (CEL) price might also reach $5 soon. Bearish Celsius price prediction for 2022 is $0.45659. In Celsius (CEL) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about Celsius to analyze the future movement of the cryptocurrency.
DeFi App Maple Finance imposed tighter restrictions for borrowers. Borrowers on Maple Finance are mandated to sign up with Credora. Decentralized finance App Maple Finance imposed tighter restrictions for borrowers on its platform, to lower counterparty risk after a wave of disasters hit the cryptocurrency market this year. Borrowers must
JPMorgan Chase & Co is a multinational investment firm providing solutions to the top most important corporations, governments and institutions. Despite the bear market, JP Morgan hired a candidate for the role of Head of Crypto regulatory policy. It is none other than, Aaron Lovine, the former executive of Bankruptcy
The company has received inquiries from the SEC, CFTC and FTC. A federal grand jury subpoena was issued to the firm. US federal investigations are being conducted into the bankrupt cryptocurrency lender Celsius Network as per the Bloomberg report. According to a document submitted by attorneys for Celsius’ committee of
Celsius asked the court to schedule the bar date, which is the deadline for clients to submit proof of claim. The proof of claim form is accessible through the Stretto website. Celsius Network, the crypto lending platform has a recent update to its customers on the proof of claim process
