Celsius auction has Gemini and Coinbase as new bidders: Report
Two new consortiums will dispute the assets of bankrupt crypto lender Celsius Network in an auction scheduled for April 25 in New York. Go to Source Powered by WPeMatico
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Celcius reportedly prepping litigation against creditor for leaking internal info
Creditor Tiffany Fong has argued that she hasn’t done anything wrong, asserting that she didn’t break any non-disclosure agreements by reporting on the leaked information. Go to Source Powered by WPeMatico
Celsius Network to make April 12 filing, including info on voting for restructuring plan
“Our Disclosure Statement will provide a summary of the Plan, account-holder recovery percentages, FAQs, and additional information on certain risk factors,” said Celsius. Go to Source Powered by WPeMatico
Paxful to return lost Celsius funds to Earn users
Peer-to-peer marketplace Paxful will refund its Earn program users impacted by Celsius Network’s bankruptcy. Go to Source Powered by WPeMatico
Celsius custody account holders can receive 72.5% of their crypto, says bankruptcy judge
Should they opt in to the deal, Celsius customers cannot “pursue any litigation, including seeking relief from the automatic stay, turnover, or other claims or causes of action.” Go to Source Powered by WPeMatico
Celsius lawyer and advisor fees on track to reach $144M, community responds
Software developer Cam Crews compiled data showing almost $102 million being filed with the courts and $42 million estimated to be filed eventually. Go to Source Powered by WPeMatico
Coinbase, Celsius and Paxos disclose funds in Signature Bank
The crypto-friendly Signature Bank was a key partner for many crypto firms, some which have been voluntarily disclosing their exposure to the recently closed firm. Go to Source Powered by WPeMatico
Brazilian Tax Authority Numbers Reveal Cryptocurrency Market Recovery in January
Numbers from the Brazilian tax authority indicate that the cryptocurrency market experienced a resurgence in January, with trading increasing more than 10% compared to December. Tether’s usdt is still the currency that moves the most volume, a reality related to OTC (over-the-counter) trades, according to market analysts. Crypto Market Moves Again in January, According to … Read more
Report Claims Visa and Mastercard Plan to Pause New Partnerships, Visa’s Head of Crypto Insists ‘Story Is Inaccurate’
According to a recent report from sources familiar with the matter, Mastercard and Visa, the credit card and payment services giants, are halting new partnerships with cryptocurrency firms. This news comes after the collapse of several cryptocurrency ventures that offered crypto debit cards and failed due to financial difficulties last year. After the report published, … Read more
Wrapped Bitcoin supply drops to negative after 11,500 wBTC burn linked to Celsius
Wrapped Bitcoin garnered DeFi traders’ support in the 2021-22 bull season, but the demand started to fade post numerous crypto contagions led to redemptions. Go to Source Powered by WPeMatico
