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Today in Crypto Turmoil: Sun Readies USD 5B Spend, Celsius’ Dealings ‘Exposed,’ CoinFlex Heads to HK Courts
11.7.2022
The Tron (TRX) founder Justin Sun says he is ready to spend big on acquisitions as another week of crypto turmoil begins – and there are also developments from Celsius (CEL) (as usual!), while the exchange CoinFlex could be gearing up to flex its legal muscles on Roger Ver.
Here’s all you need...
Today in Crypto Turmoil: Woes Deepen, Legal and Repayment Developments from Celsius, 3AC, Voyager Digital, and More
8.7.2022
The market may be on the up as the week draws to a close, but crypto turmoil shows no signs of abating. There are more goings-on at Three Arrows Capital (3AC), Celsius (CEL) is in the spotlight again – and the Voyager journey continues.
Here’s a round-up of the latest happenings in...
Crypto Turmoil Latest: Celsius in Board Change, Genesis Clear of 3AC Trouble & FTX’s ‘Billions’
7.7.2022
Crypto turmoil continues to deepen, with further maneuvers at Celsius (CEL) and a company recounting details of how it dodged the Three Arrows Captial (3AC) fallout – while the crypto exchange giant FTX appears set to bail out yet more ailing crypto players with a “few billion” dollars worth...
Crypto Chaos Continues as Loans Firm Cuts Withdrawal Limit, 3AC Moves Funds, & Celsius Apparently Pays Maker
5.7.2022
Crypto turmoil continues to deepen in the bear market, with more Celsius-related developments, another crypto loans firm introducing restrictions, and more activity from Three Arrows Capital (3AC) – which appears to have moved some of its funds.
Celsius, which operates the celsius (CEL) token...
Fresh Blow for Celsius with 150 Staff Reportedly Fired, But CEL Up 19%
4.7.2022
Another crypto lender has apparently hit the rocks, with reports claiming that the already troubled Celsius Network (CEL) has axed 150 employees.
Per the Israeli media outlet Calcalist, Celsius has previously “hired restructuring consultants and lawyers to make organizational changes to...
DeFi Suffers from Too Much Centralization, What Can Be Done?
3.7.2022
"If any part of their business model incorporates centralization then it is centralized no matter what other decentralized features it deploys."
"It is vital that people understand how the assets they are pledging to a centralized entity are being used."
'"If users demand more decentralization...
Celsius' Options, Tether's Commercial Paper, Blockchain.com vs. Three Arrows + More News
1.7.2022
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' Options, Tether's Commercial Paper, Blockchain.com vs. Three Arrows + More News
Coin Race: Top Winners/Losers of June, Q2, and H1; Bitcoin Sees Worst Month Ever
1.7.2022
July is here, and both June and the first half of 2022 – which admittedly have been pretty miserable for the crypto market – are now finally behind us.
As usual, we take a look at how the most popular coins in the market have performed for the past month, quarter, and half-year....
Read More: Coin...
Crypto Lender Celsius Network Exploring Options to ‘Preserve and Protect’ Assets
1.7.2022
Celsius Network is consulting with experts to try to reduce the fallout from its mid-June swoon
Celsius’ Positions are Now Healthier, Three Arrows Capital Was a 'Victim of Contagion' - Nansen
29.6.2022
Troubled crypto lender Celsius (CEL) has managed to improve the health ratio of its on-chain positions since pausing withdrawals, according to blockchain analytics platform Nansen. Meanwhile, they said, the crypto hedge fund Three Arrows Capital (3AC) was the victim of the contagion....
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Celsius Stories Littered With ‘People Familiar With the Matter’ Sources, Report Claims Lender Struggles With Arguments Over Bankruptcy
28.6.2022
The embattled crypto lending platform Celsius has kept withdrawals and transfers frozen since June 12 and told the Celsius Network community that the “process will take time.” Since then, Celsius users are wondering why they are still receiving weekly rewards, and reportedly...
Three Arrows Default Notice, Grayscale Bitcoin Trust Ready for ETF, Goldman Sachs Bites Coinbase + More News
27.6.2022
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: Three Arrows Default Notice, Grayscale Bitcoin Trust Ready for ETF, Goldman Sachs Bites Coinbase + More News
Mike Novogratz Now Admits That Terra's Model Was Unsustainable
27.6.2022
Galaxy Digital CEO Mike Novogratz has said that although he was “worried about the macro environment,” he was hoping bitcoin (BTC) “would stay in the USD 30,000 to USD 50,000 range.” At the same time, he argued that the model his once-favorite crypto Terra (LUNA) was built on was unsustainable....
Report: Goldman Sachs Looks to Buy Distressed Assets From Celsius, Crypto Lender Seeks Restructuring Advice
25.6.2022
After the crypto lending platform Celsius halted operations on June 12, at 10:10 p.m. (ET), two days later the Wall Street Journal (WSJ) quoted “people familiar with the matter” who said Celsius was hiring restructuring lawyers. At the time, the WSJ said Celsius was looking to hire...
5 Risks to Know Before Using Centralized Crypto Lending Platforms
25.6.2022
Crypto lending has been one of the most prominent activities in crypto markets. The activity has developed over the years with several crypto lenders emerging to meet the demand for crypto loans. ...
Read More: 5 Risks to Know Before Using Centralized Crypto Lending Platforms
Celsius Network hires advisers ahead of potential bankruptcy: Report
24.6.2022
Restructuring, bankruptcy, buyouts... media outlets are swarming with different reports on the next steps Celsius may take
Smaller Exchanges Could Fall Due to Confusing ‘Web of Relationships’, Report Warns
24.6.2022
Smaller crypto exchanges could be vulnerable to collapse during this crypto bear market, given seemingly unsustainable yields offered to users, and a confusing “webs of relationships” between companies in the space, a new report from the crypto data provider Kaiko has found.
According to Kaiko...
Report: Crypto Hedge Fund Three Arrows Capital Pitched a GBTC Arbitrage Trade Before Rumored Collapse
22.6.2022
Last week there was a lot of focus on the crypto hedge fund Three Arrows Capital (3AC) as the firm allegedly had a great deal of leveraged positions liquidated and there’s been speculation about insolvency. According to a recent report, 3AC’s over-the-counter (OTC) operation...
Former SEC Lawyer Sees More Crypto Regulations After Celsius Network's Debacle
21.6.2022
“This is going to lead to a real push for some significant regulation and oversight,” Moses & Singer LLP Partner Howard Fischer said on CoinDesk TV’s “All About Bitcoin.”
Celsius token CEL rises 300% in one week amid a GameStop-like 'short squeeze' event
21.6.2022
The crypto lending platform's Insolvency risks puts CEL price at risk of a 70% drop