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The Fall of Celsius Network: A Timeline of the Crypto Lender’s Descent Into Insolvency
15.7.2022
A timeline of Celsius’ battle with insolvency during the crypto crash, from the firm’s decision to limit some user activity before the “pause,” to its decision to file for bankruptcy on the advice of restructuring experts
Two Bitcoin price prediction polls, same outcome: $10K BTC is coming
15.7.2022
While a classic technical indicator could be hinting at BTC price falling below $13,000 as well
Trezor Has Seen ‘Significantly’ Higher Interest in Self-Custody Amid Ongoing Crypto Turmoil
15.7.2022
Major hardware wallet maker Trezor said they have noticed higher interest in their devices following a string of crypto company meltdowns and centralized exchanges suspending withdrawals.
According to a company spokesperson, bitcoin (BTC) and crypto holders are “getting nervous about holding their...
CEL Jumps While Celsius’ Bankruptcy Protection Filing Reveals a Billion-Dollar Hole in Balance Sheet
15.7.2022
More troubling news is coming out regarding Celsius (CEL), as its so-called Chapter 11 bankruptcy protection filing on July 14 has revealed a deficit of close to USD 1.2bn for the crypto lender.
According to a new document filed with the U.S. Bankruptcy Court of the Southern District of New York...
Celo network back online after almost 24-hour outage
15.7.2022
It was the first time the Celo mainnet had gone down in more than two years
Ankr Network’s 2.0 upgrade aims to improve Web3 decentralization
15.7.2022
Ankr is one of the largest remote procedure call (RPC) endpoint providers in the crypto space, which are critical for Web3 dApps that connect with blockchains
Celsius Network’s Token CEL Drops 58% After Bankruptcy Filing, So-Called ‘Short Squeeze’ Falters
14.7.2022
During the last 30 days, the Celsius Network’s native token CEL increased in value by over 140% against the U.S. dollar. On July 13, just before the lending company filed for Chapter 11 bankruptcy, CEL was exchanging hands for $0.961 per unit. Following the news that the company filed...
Celsius Network 'Could Stick Around' After Bankruptcy, Restructuring Expert Says
14.7.2022
Ryan Preston Dahl, a partner at Ropes & Gray, joined CoinDesk TV’s “First Mover” to discuss the crypto lender’s bankruptcy filing
Data transfer network Plaid integrates 4 major crypto exchanges
14.7.2022
The San Francisco-based fintech company now supports Binance.US, Gemini, Robinhood and SoFi accounts
Celsius Files for Bankruptcy — Regulator Says the Crypto Lender Is ‘Deeply Insolvent’
14.7.2022
Another crypto lender, Celsius Network, has sought bankruptcy protection in the U.S. “Customer claims will be addressed through the Chapter 11 process,” the company said. Two other crypto firms recently filed for bankruptcy protection: Voyager Digital and Three Arrows Capital (3AC)....
Pastel Network and Polygon Studios Form Strategic Alliance
14.7.2022
Pastel Network recently announced a partnership with Polygon Studios. The collaboration will see the ventures bring Copymint Security and NFT Permanent Storage to the Polygon NFT network. Besides, Polygon will aim to offer Pastel’s Cascade and Sense protocols to its NFT user base. The partnership...
Astar Network Opens New HRMP Channels With Acala
14.7.2022
Astar Network has opened a new HRMP channel with Acala to strengthen the mission of creating the next generation of innovative decentralized apps and process the adoption of Web3. The update brings aUSD to Shiden, the sister network of Astar. Astar Network made the announcement. It comes after...
CEL Crashes as Celsius Enters New Chapter of Its Saga and It's Restructuring
14.7.2022
After reportedly returning all of its debt to DeFi lending protocols, troubled crypto lender Celsius (CEL) said it has initiated voluntary Chapter 11 proceedings in the US in an attempt to stabilize its business. CEL dropped following the announcement.
At 03:03 UTC, CEL trades at USD 0.538 and...
Russian Blockchain Alternative to SWIFT to Prevent Disconnection of Nations, Banks
13.7.2022
A Russian university is ready to test its blockchain-based analogue to the global payment messaging network SWIFT, from which Russian banks were cut off as part of Western sanctions. The developers say their system would not allow the disconnecting of countries and banks. Russian Developers Create...
Syscoin and Jax.Network Announce Their Partnership
13.7.2022
Jax.Network and Syscoin take immense pride in announcing their newly formed strategic partnership, and it somehow was a factor waiting to happen. For a start, both share a similar vision, beliefs, and outlook, and considering all other factors, decided to take the plunge. With just a bit more...
Celsius Still in Hotspot Despite Repayments and Is ‘Likely Deeply Insolvent,’ Regulator Claims
13.7.2022
Crypto turmoil (yes, you guessed it) continues – and one of its key protagonists, the troubled crypto lender Celsius (CEL) remains…well...troubled.
Despite recent attempts to pay off its debts in an apparent bid to get its hands on locked-in collateral, in the United States, the Vermont Department...
California regulator investigating crypto interest accounts
13.7.2022
The regulator also said in its view that certain crypto interest account providers were providing unregistered securities, such as BlockFi and Voyager
Nervous Network (CKB) price posts double-digit gain after Godwoken layer 2 launch
12.7.2022
CKB booked a 35%+ gain after the release of its Godwoken L1 solution and the launch of a new NFT marketplace
Synapse Network and Eizper Chain Announce Partnership
12.7.2022
Synapse Network and Eizper Chain take immense pride in announcing their newly formed, mutually beneficial, and apt partnership. Eizper Chain is the very first blockchain-based Action Role Playing Game, as the first piece of information (ARPG). This surprise and exciting introduction to the world...
Celsius Debt Now Down to Around USD 120M After Aave, Compound Repayments
12.7.2022
Troubled crypto lender Celsius (CEL) appears to have no intention of being frozen out of the crypto world – and is continuing to take action to avoid possible insolvency as it has been hurriedly repaying the debts it owes.
Blockchain analytics data shows that Celsius has recently repaid some...