Tag: Celsius
Celsius Network moves its holdings into Ethereum to repay its creditors
©Reuters NEW YORK – In a recent development, Celsius Network, a cryptocurrency lending company currently navigating Chapter 11 bankruptcy proceedings, disclosed the disappropriation of $206,300, or approximately $470 million. This…
Celsius wants to sell ETH for hundreds of millions of US dollars
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Celsius Network Gets Green Light to Launch Bitcoin Mining Operation
©Reuters. NEW YORK – Celsius Network, a cryptocurrency lending platform, has received court approval to launch a bitcoin mining operation as part of its restructuring efforts. The decision, sanctioned by…
Celsius Network Sells $243 Million in Ethereum to Fund New Bitcoin Mining Project
NEW YORK – Celsius Network has sold approximately $243 million worth of Ethereum (ETH) as part of its bankruptcy proceedings, in a significant development for the cryptocurrency industry. The sale…
Celsius transfers $10 million into Ethereum as part of its restructuring
©Reuters NEW YORK – Troubled crypto lender Celsius has transferred approximately $10 million from to digital asset platform FalconX, as part of its ongoing restructuring efforts. This transfer comes after…
Celsius transfers $10 million into Ethereum as part of its restructuring
©Reuters NEW YORK – Troubled crypto lender Celsius has transferred approximately $10 million from to digital asset platform FalconX, as part of its ongoing restructuring efforts. This transfer comes after…
What is the impact of Celsius Network’s staking strategy on the pool of Ethereum (ETH) validators?
Source: AdobeStock / Rafael Henrique The new strategy adopted by the bankrupt crypto lender Celsius Network in ETH staking has made headlines in the cryptosphere. Indeed, the choice of crypto…
$2 billion lent by Celsius? Tether (USDT) negates procedure digits
The Prepositions of Discord – The bankruptcy court had appointed Soba Pillay as an independent examiner, to determine whether Celsius is actually a Ponzi scheme. The investigative report is not…
Grayscale, Celsius accused: Are crypto investors being lied to?
Grayscale has been dealing with a misleading advertising lawsuit since Monday, January 30th. The US crypto asset manager is issuing the world’s largest Bitcoin fund GBTC. With a market share…
Celsius Sells Over $1.3 Million in Bitcoin (BTC) Mining Hardware
While Celsius announced last July to concentrate part of its activity in cryptocurrency mining as part of its restructuring, we learn that Celsius Mining, its mining branch, will sell 2,700…
$4.2 billion gone: Celsius customers have themselves to blame!
The verdict has been pronounced, shattering any hopes of injured Celsius investors. A US court on Wednesday awarded ownership of customer deposits to the insolvent crypto lending service. 4.2 billion…
Celsius: $4.2 billion stuck in bankruptcy estate
According to a court decision, around 4.2 billion US dollars in customer deposits remain with the insolvent crypto lender Celsius. Source: BTC ECHO The $4.2 billion stuck in bankruptcy…