Mon, December 23

Celsius Stablecoin Sale Proposal Withheld by Securities Regulators

The Celsius stablecoin sale plan is oppose by Texas and Vermont regulators. A hearing on the issue is schedule for October 6. The Texas State Securities Board and the Vermont Department of Financial Regulation filed objections to Celsius’s intention to dispose of its stablecoin assets to bolster its finances in

September 30, 2022 1 min 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 to Create Tradable Wrapped Tokens

The wrapped tokens will be redeemable by Celsius customers for a particular ratio. In July, Celsius sought Chapter 11 bankruptcy protection. A new record has surfaced of Celsius Co-Founder Nuke Goldstein discussing a plan to use crypto-based solutions to repay Earn customers and restore the company’s fortunes.  Celsius consumer and

September 23, 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

U.S Court Approves Independent Examiner in Celsius Case

The investigator will also review the rationale behind the April service shift. Previously, the U.S. Trustee mentioned the lack of clarity around few accounts. A move to appoint an independent examiner to probe portions of crypto lender Celsius’ operations was granted by the federal court supervising Celsius’ bankruptcy case. The

September 15, 2022 2 mins read

Celsius CEO Propose Reforming the Firm to Focus Crypto Custody

Celsius’s CEO announced that the organization can be renovated.  Celsius creditors requested the firm to provide services such as loans, staking, and custody. Celsius CEO Alex Mashinsky announced that the company has been revamping Crypto Custody Services, which went bankrupt in July. Revamping the Firm According to a New York

September 14, 2022 2 mins read

Celsius Will Permit Withdrawals for Minority Customers

Cryptocurrency owners who use Celsius’s Custody and Withhold Accounts are still permitted to do so.  Celsius cannot refuse to transfer amounts below $7,575. The United States Bankruptcy Court received a motion from cryptocurrency lender Celsius Network requesting permission for customers with digital assets housed in specific accounts to retrieve their

September 2, 2022 2 mins read

Crypto Lending Platform Celsius Files Countersuit Against KeyFi

About a month ago, KeyFi claimed that Celsius had scammed it out of money. Celsius suspended client withdrawals on June 13. Celsius has filed a countersuit against its ex-partner. Celsius, a cash-strapped crypto lending organization, has filed a lawsuit against KeyFi, a DeFi strategy firm, and its CEO Jason Stone,

August 24, 2022 1 min 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

Institutions Liquidation Overflow On Bitcoin Will it Continues?

Public Bitcoin miners sold 4,456 BTC in May alone. 3AC owes lenders 18,193 BTC and the equivalent of 22,054 BTC in GBTC. Since May 10, the largest institutions have sold up to 236,237 Bitcoin (BTC), worth $5.541 billion at the time of writing, some often as a result of forced

July 22, 2022 2 mins read