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Celsius Coin Report Reveals USD 2.8BN Crypto Shortfall


A newly released report from the troubled crypto lender Celsius (CEL) shows that the company is short on its crypto obligations to customers by around USD 2.8bn. According to the report, Celsius has a net coin position of negative USD 2.845bn, split between coins such as bitcoin (BTC), ethereum...

Bitcoin and Ethereum Correct Gains, Key Support Intact


Bitcoin price attempted another upside break above the USD 25,000 resistance but failed. BTC formed a short-term top and corrected lower below USD 24,500. It is currently (11:30 UTC) showing a few negative signs, with major support at USD 23,500. Besides, most major altcoins are correcting lower....

Huobi Might Get a New Owner, FTX Among Potential Buyers - Report


Huobi Group founder Leon Li is in talks to sell his roughly 60% stake in this major crypto exchange, while Tron (TRX) founder Justin Sun and Sam Bankman-Fried’s FTX exchange are being mentioned among those who’ve had preliminary contact with Huobi.... Read More: Huobi Might Get a New Owner,...

Creditors Want to Pour Cold Water on Celsius’ Mined Bitcoin Sale Plans


Celsius creditors want to block the bankrupt crypto lender from selling mined bitcoin (BTC) reserves – and have labeled the firm’s CEO previous attempts to reassure them as “empty and false.” The company is filing for bankruptcy in New York, where the case is now being heard. But in a letter...

Bitcoin and Ethereum Trim Gains, BTG and ETC Outperform


Bitcoin price gained pace after it broke the USD 24,200 resistance zone. BTC even climbed above USD 24,500, but it failed to test USD 25,000. It is currently (04:17 UTC) trading near USD 24,000 and is down 1% in a day and up 6% in a week. Besides, most major altcoins are consolidating gains....

Crypto Awareness at 76% in Spain - Survey


A survey has found that 76% of surveyed Spaniards know about crypto – and that almost a third know details about how tokens are regulated in the country. The study was carried out by Spain’s markets regulator, the National Securities Market Commission (CNMV), in conjunction with the data compiler...

Block Bitcoin Wallet Team Reveals Their Plans and Seeks Feedback


Twitter founder Jack Dorsey's payment firm Block shared more details about its previously announced wallet, focusing on the plans for combining safety and ease of use/access in order to create a broader and less ‘hesitant’ customer base.... Read More: Block Bitcoin Wallet Team Reveals Their Plans...

US IRS Comes After Clients of Another Crypto Exchange


In a tax-related effort, the US Internal Revenue Service (IRS) is asking permission to look into the customers of crypto prime dealer SFOX Inc. and its partner. The service responsible for collecting taxes is seeking to do just that – collect taxes, but this time it’s searching to identify...

Crypto Exchanges Hotbit and Bitfinex Face Regulatory Headwinds


China-based crypto exchange Hotbit has suspended withdrawals after its assets were frozen due to an ongoing investigation. Meanwhile, Tether's sister company Bitfinex is ostensibly facing legal investigation in the US. Hotbit announced Wednesday that it has suspended trading, deposit, withdrawal...

Bitcoin and Ethereum Keep Inching Higher, CEL Doubles in a Week


Bitcoin price formed a strong base above USD 22,650 and rallied on US inflation news yesterday. BTC is now (03:59 UTC) trading near the USD 24,400 level and is up over 6% in a day and almost 7% in a week. Similarly, most major altcoins are eyeing more upsides. ETH rallied over 12% and surpassed...

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