celsius network
Crypto Clients Pleading for Funds Payback after Lender Celsius' Crash
Celsius Network clients, who were caught in the meltdown of the crypto lending firm, are pleading for their deposits to be paid back.
Celsius Had Higher Risk Profile Than Average US Bank: WSJ
A recent report from the Wall Street Journal (WSJ) has revealed that embattled crypto lending platform Celsius Network took on more risk than it could handle.
ZipmexX Suspends Withdrawals, Citing Celsius and Babel Risk Exposure
Asia's leading digital asset exchange ZipmexX has suspended users' cryptocurrency withdrawals, citing the move as the exchange's assets could be swallowed up by the financial crisis facing the Celsius Network and cryptocurrency lender Babel Finance.
SEC Raises Objections to Celsius Network's Restructuring Plan Involving Coinbase
The U.S. Securities and Exchange Commission (SEC) has filed a limited objection to the Chapter 11 restructuring plan of crypto lending platform Celsius Network. The objection, dated September 22, 2023, specifically targets the company's proposed arrangement with Coinbase for distribution services. The SEC is also currently engaged in a lawsuit against Coinbase, adding another layer of complexity to the situation.
Ontario Teachers Pension Floats with FTX Trading amid Crypto Volatility
Despite market volatility and a recent decline in value, Ontario Teachers Pension has continued embracing its crypto business investments.
Celsius Network Shares Details of Its Creditor as it Raises Cyber Threat Concerns
Bankrupt cryptocurrency company Celsius Network has disclosed the information of its creditors in a filing recently provided in court, including names, addresses, amount owed, and email addresses amongst others
Celsius Network Charged Over $3M in Legal Fees
Beleaguered crypto lending platform Celsius Network has incurred more than $3 million in legal fees, according to a filing.
Celsius Network Conditionally Not to Enforce Debtors to Pay for Outstanding Loans
Beleaguered digital currency lender Celsius Network has revealed that it was not planning to ask its debtors to pay their outstanding loans during its Chapter 11 bankruptcy proceedings.
Celsius CEO Resigns amid Broader Bankruptcy Tango
Alex Mashinsky, the Chief Executive Officer of the embattled crypto lending firm Celsius Network has tendered his resignation as the head of the firm, effective immediately.
Assets Belonging to Troubled Crypto Lender Celsius to go Under the Hammer
Celsius Network Ltd., a troubled and bankrupt crypto lender, has disclosed the auction dates for its assets.
Celsius Creditors Seek Help from Bankruptcy Judge to Uncover Potential Market Manipulation
Celsius creditors are requesting subpoenas to uncover suspicious trades of CEL token on FTX between April and August 2022, seeking to determine if they were legitimate or constituted market manipulation. This information could be crucial in resolving disputes related to Celsius' bankruptcy. Meanwhile, FTX is pending approval to sell LedgerX for approximately $50 million.
Celsius Files for Permission to Sell Its Stablecoin Holdings
Celsius is seeking to generate liquidity through sales from its $23 million in stablecoin holdings.
Three US States Target Celsius Network as The Company’s Interest-Earning Crypto Accounts Draw Concerns
Cryptocurrency lending platform Celsius Network was hit with state enforcement actions in Texas, New Jersey, and Alabama over its interest-earning cryptocurrency accounts.
EquitiesFirst Owes $439 Million In Debt to Celsius Network
The case is one of many issues facing Celsius Network. If EquitiesFirst agrees to pay the debt, then the struggling Celsius’ operations would be bolstered.
Lawsuit: Ex-Employee Accuses Celsius Network of Financial Fraud Involvement
In its lawsuit, Jason Stone, a former manager at Celsius Network, has accused the crypto lending firm of engaging in fraudulent deals, including price manipulation of Celsius's token.
Nexo Offers to Acquire Vauld Group after Celsius's Cold Treatment
Nexo’s plan to buy a cryptocurrency lender may be coming to fruition as the company has shown interest in acquiring Vauld Group.
FTX Abandoned Discussions to Celsius Network Acquisition - Report
FTX rejected the deal to bail out or buy crypto lending firm Celsius. FTX decided to shut down the negotiations and walked away after it found out a "$2 billion hole" in Celsius’ balance sheet.
Celsius Network's Disclosure Statement Gets Court Approval
Celsius Network's Disclosure Statement approved by NY Bankruptcy Court. Fahrenheit, LLC selected as winning bidder in May 2023 auction. Voting on Chapter 11 Plan set for Sep 22, 2023.
SBF Denies Insolvency Rumours of FTX, FTT Token Slumps Over 6% during Intraday
FTX CEO Sam Bankman-Fried retreated his crypto exchange and assets are fine, trying to boost confidence to his investors, as speculation mounted over the weekend about the solvency of the exchange.
Celsius Network Slashes 25% of its Workforce amid Potential Insolvency
Celsius Network’s woes continue to deepen because the crypto lending company has reduced its workforce by 150 employees, including those based in Israel.
Users Panic as Nexo Withdraws 7,758.8 WBTC from MakerDAO
There have been panic in the digital space amidst rumours of Nexo being insolvent due to the abrupt withdrawal of Wrapped Bitcoin (WBTC) from MakerDAO with an address labelled as Nexo Ox8fd
Crypto Lender Celsius to Proceed with Chapter 11 Restructuring Plan
Celsius Network, the bankrupt crypto lender, has announced it will proceed with its Chapter 11 restructuring plan, with a disclosure statement containing information for claim holders to be filed on April 12. The proposed restructuring plan is sponsored by NovaWulf.
Canadian Pension Fund Achnoledges Investemnt Loss for $200m CAD on Celsius Network
Charles Emond, the Chief Executive Officer of Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ), has indicated that the company’s investment in Celsius Network is now considered lost.
JPMorgan Hires Former Celsius Network Executive Aaron Iovine As Crypto Regulatory Policy Head
Newly hired Aaron Iovine will help build out JPMorgan’s regulatory team
Goldman Sachs Reportedly Raising Funds to Acquire Celsius Assets by $2 bn, Report says
American multinational investment bank, Goldman Sachs Group Inc, has shown interest in buying up embattled crypto lender Celsius Network.
Celsius Network Announces Disclosure Statement for Chapter 11 Plan
Celsius Network, a bankrupt crypto lender, has announced it will move forward with its Chapter 11 restructuring plan by filing a disclosure statement on April 12. The statement is aimed at providing "adequate information" for claim holders to vote on the proposed restructuring plan sponsored by NovaWulf. The plan proposes creating a public platform fully owned by Earn creditors called NewCo, with no involvement from Celsius founder.
Celsius Network Considers Legal Action Against Crypto Blogger
Celsius Network is considering taking legal action against crypto blogger Tiffany Fong for leaking internal information regarding the company’s bankruptcy case. Fong has been reporting on the bankruptcy case via YouTube and social media platforms, sharing leaked internal information allegedly provided to her by disgruntled former Celsius employees.
Crypto Leaders Praise United States SEC Inclusive Accredited Investor Definition, Some Think Its Not Enough
Is the SEC's new accredited investor rule inclusive enough? Crypto industry leaders debate.
Ripple Discloses Interest in Bankrupt Crypto Lender Celsius Network
Blockchain payments firm Ripple Labs Inc is reportedly interested in learning about the bankrupt crypto lending platform Celsius Network.
Celsius to Transition to Mining-Only NewCo following Bankruptcy Court's Confirmation of Plan
Celsius Network, following bankruptcy court approval, is transitioning to a Bitcoin mining-focused entity to address regulatory challenges from the SEC.
Bankrupt Celsius Seeks to Return $50m of Locked Crypto for Custody Holders
The filing from Celsius comes a few days after a group of customers claiming about $25 million in custody holdings petitioned the court for payback of their funds.
Celsius Network to File Disclosure Statement for Restructuring Plan
Crypto lender Celsius Network will file a disclosure statement on April 12 regarding its Chapter 11 restructuring plan. The statement is aimed at providing adequate information for claim holders to vote on the proposed plan, which would create a public platform fully owned by Earn creditors called NewCo. The committee of unsecured creditors will appoint the majority of the firm’s board members, with no Celsius founder involvement or relationship.
Telegram to Launch TON Network Later This Month
Telegram Open Network (TON) announced that the original investors had been informed that the blockchain network would launch in late October.
TomoChain Prepares for Zorro Network Upgrade
Smart contract platform TomoChain today released details of an upgrade to its network. The Zorro Network upgrade will take place on January 22nd and will improve the functionality of the Ethereum Virtual Machine (EVM) — a collection of nodes that ensure security for the Ethereum network.
Bitfinex Integrates Tether Stablecoin into the OMG Network as Ethereum Network Faces Congestion Issues
Bitfinex cryptocurrency exchange has announced that it has integrated Tether (USDT) into the OMG network. The integration is set to reduce transaction confirmation and fees. The crypto exchange will enable Tether withdrawals and deposits on the OMG network. OMG network, previously known as OmiseGo, is a scaling platform, which enables peer-to-transactions in real-time, a solution that enhances the scalability of the Ethereum network.
Elliptic to Provide AML Services to Zilliqa’s Blockchain Network
Elliptic, a London-based blockchain analytics startup, has partnered with Zilliqa, a Singapore-based blockchain network provider, to propel the infrastructure compliance and security of the latter’s network by offering an anti-money laundering (AML) compliance support.
China’s Blockchain Service Network Unveils New International English-Based Website
China's Blockchain Service Network, introduced in early 2020, has launched an official international website.
IOTA Foundation Releases Testnet of Fully Decentralized Network Pollen
The IOTA Foundation, a non-profit organization focused on blockchain and open-source development has announced the launch of its testnet of a fully decentralized network, Pollen.
Algorand Blockchain Network Now Certified for Sharia Compliant Financing
The Algorand Foundation announced that its blockchain network has now been certified as Sharia compliant for the inclusion of Islamic financial markets.
BNY Mellon Joins the Marco Polo Network to Develop a More Open and Connected Trade Finance Network
The Marco Polo Network announced a new strategic partnership with the Bank of New York Mellon (BNY Mellon) to create a vast financial atmosphere that will ensure economic as well as trade growth, making BNY Mellon a member of the top network of financial institutions which leverage blockchain technology for trade finance.
Justin Sun: Tron Network is Holding 3000 Bitcoin
Tron network, a blockchain-based decentralized operating system, is hosting 3,000 Bitcoin (BTC) configured as BTCTRON, according to its CEO and founder Justin Sun.
China’s Low-Cost National Blockchain Service Network to Launch in April
The Chinese government’s State Information Center revealed its plans for its national Blockchain Service Network (BSN), aiming to provide small businesses and individuals to operate blockchain applications easily without using a private blockchain network.
Franklin Templeton to Enable Money Fund Shares on Stellar Network
Global investment fund Franklin Templeton Investments filed a preliminary prospectus with the United States Securities and Exchange Commission (SEC) for a money market fund where shares would be recorded and tokenized on the Stellar Network.
First Private Bank Joins Turkish Digital Asset Blockchain Network
Garanti BBVA, the second-largest private bank in Turkey with $104 billion of consolidated assets has confirmed that it will be the first and only private bank joining the Turkish Digital Asset Blockchain Network.