Celsius’ Liquidations Could be 'Significant' for the Altcoin Market: Kaiko
Bankrupt crypto lender Celsius received an approval from the court to convert its altcoin holdings to bitcoin and ether as part of its restructuring plan. According to data by Kaiko, the market impact could be significant, considering liquidity for the tokens has dropped over the past year. CoinDesk's Jennifer Sanasie presents "The Chart of The Day."
Report Sheds Light on Taylor Swift's Previous Sponsorship Plan With FTX; Celsius Faces New Scrutiny
“CoinDesk Daily” host Jennifer Sanasie explores the hottest stories in crypto, as bitcoin (BTC) reacts to a blowout U.S. ADP private employment report. BlackRock CEO Larry Fink discusses the future of crypto in a new interview. Bloomberg reports Celsius and its former CEO could be named in a case brought by the CFTC. And, Taylor Swift reportedly approved a sponsorship deal with FTX last year, despite previous reports that she had walked away.
Celsius, Ex-CEO Alex Mashinsky Broke CFTC Rules: Bloomberg
CFTC could bring a case against Celsius by the end of the month, if its commissioners agree with the findings.
Celsius to Potentially Sell More Than $170M in ADA, MATIC, SOL and Altcoins for BTC, ETH
Court documents from last November give a rough picture of the lender’s altcoin holdings.
Celsius Can Start Converting Altcoins to Bitcoin, Ether as of July 1, Judge Says
Celsius was granted permission on Friday to start liquidating its altcoins, as the bankrupt crypto lender prepares a distribution to creditors that will take place solely in the two most widely used cryptocurrencies, bitcoin (BTC) and ether (ETH). "The Hash" panel breaks down the latest developments in the bankruptcy case.
Bankrupt Celsius Can Convert Altcoins to BTC, ETH Starting July 1 Following SEC Talks
The sell-off precedes creditor distributions that will only be made in the two most popular cryptocurrencies.
Crypto Lender Celsius Updates Bankruptcy Plan After Fahrenheit Deal
The plan, filed on Thursday, could face legal opposition from borrowers.
Crypto Payment Processor Banq Files for Bankruptcy
Bankruptcy filing comes as TrueUSD stops redemptions and Haru Invest ceases operations citing problems with an unnamed partner.
USBTC Aims to Become Bitcoin Mining Giant After Deal to Buy Celsius Assets
The miner could get as much as $75 million in management fees for the Celsius mining rigs over five years.
Fahrenheit Wins Bid to Acquire Assets of Insolvent Crypto Lender Celsius
The Arrington Capital-backed grouping beat fellow bidder NovaWulf for Celsius’ assets, with the Blockchain Recovery Investment Consortium selected as back-up.
