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Celsius has finally filed for bankruptcy: Law Decoded, July 18-25
18.7.2022
A crypto lending platform still hopes to stay afloat, but experts doubt such probability
Ex-CFTC Chairman Discusses Celsius' Bankruptcy and CBDC Adoption
18.7.2022
The former Commodity Futures Trading Commission chief joined CoinDesk TV’s “First Mover” to discuss why the bankruptcy of lender Celsius Network could set legal precedent in future crypto hearings and why the likelihood of CBDC adoption worldwide could be based on Chinese technology
Celsius Bankruptcy Filings Hint Retail Customers Will Bear Brunt of its Failure
18.7.2022
Liquidity-strapped crypto lender Celsius Network filed for Chapter 11 bankruptcy protection in the Southern District of New York on Wednesday, more than a month after it halted customer withdrawals because of “extreme market conditions.”
Celsius Mulls Another Option for Its Clients, Central Bank Fines Binance + More News
18.7.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Celsius Mulls Another Option for Its Clients, Central Bank Fines Binance + More News
Celsius Outlines Next Steps as Bankruptcy Proceedings Begin
18.7.2022
Celsius Network has produced a first day presentation outlining its next steps ahead of Monday's bankruptcy proceedings at the Southern District of New York court
Report: Equitiesfirst Named as Mystery Debtor to Celsius, $439 Million Owed to Crypto Lender
17.7.2022
Ever since Celsius paused withdrawals on June 12, the company has been the focus of attention due to the lender’s financial hardships. A month later, Celsius filed for bankruptcy in the U.S. by leveraging the Chapter 11 process. Two days after the bankruptcy filing, a report disclosed that...
Celsius is bankrupt with $1.2B balance sheet hole, Su Zhu returns to Twitter and OpenSea purges 20% of employees: Hodler’s Digest, July 10-16
16.7.2022
11 Celsius, Bitcoin Forecasters, Hot Inflation, Threatened Three Arrows and 20 Crypto Jokes
16.7.2022
Yet another week passed by. This time, we had Celsius Network enacting Chapter 11 bankruptcy protection and Elon Musk terminating his agreement to buy Twitter as the company vowed to fight back. Meanwhile, a panel said bitcoin could fall to USD 13,676 this year, some survey respondents said BTC...
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
Bitcoin: precios de rigs de minería caen a mínimos de dos años tras bancarrota de Celsius
15.7.2022
Se estima que la unidad minera de Celsius subastó algunos de sus equipos recién compradas a precios de liquidación en junio antes de declararse en quiebra
Celsius Owed $439M by Lending Firm EquitiesFirst: Report
15.7.2022
Troubled crypto lending firm Celsius is owed $439 million by Indianapolis-based private lending platform EquitiesFirst
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...
Celsius bankruptcy filings show a company in deep trouble
15.7.2022
The bankrupt CeFi crypto lender is about $1.2 billion in deficit, with the majority of its liabilities being customer deposits some believe they may not be required to give back
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...
Bitcoin Mining Rig Prices Slump to Near 2-Year Lows Amid Celsius Bankruptcy
14.7.2022
Celsius’ mining unit said to have auctioned off some of its newly purchased mining rigs at low-high $20/TH price back in June, before filing for bankruptcy
Celsius Acknowledges $1.2B Hole in Balance Sheet
14.7.2022
The news comes after the ailing crypto lender filed for bankruptcy protection Wednesday
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
Analysts See Recovery for CEL Tokens Despite Celsius Bankruptcy
14.7.2022
CEL was down more than 10% in the past 24 hours, but some see a “fresh start” for the tokens