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Token Sale Ahead: Celsius to Convert Customer ‘Altcoins’ to BTC and ETH
16.6.2023
Amid the regulatory crackdown in the United States, the bankrupt crypto lender Celsius has announced that all of its customers’ “altcoins” will be converted to bitcoin (BTC) and ethereum (ETH). Over $215 million worth of coins such as CEL, ADA, LINK, LTC, and others will...
Celsius seeks to convert alts to Bitcoin and Ether under reorganization plan
15.6.2023
The crypto lender has proposed converting all its altcoin holdings into Bitcoin and Ethereum to quell growing regulatory concerns and maximize the value of its assets
Crypto Lender Celsius Updates Bankruptcy Plan After Fahrenheit Deal
15.6.2023
The new filing is set to face legal opposition from borrowers
Prime Trust Unit Banq Files for Bankruptcy
14.6.2023
Bankruptcy filing comes as TrueUSD stops redemptions and Haru Invest ceases operations citing problems with an unnamed partner
Judge Upholds Confidentiality of FTX Customers’ Identities, Citing Security Concerns
10.6.2023
In the FTX bankruptcy case, the presiding judge John Dorsey has ruled to maintain the confidentiality of individual customer identities, according to a recent decision on Friday. Dorsey emphasized the importance of safeguarding these clients, expressing concern for their potential vulnerability...
Ethereum Validator Activation Queue Grows: 90,000+ Validators Waiting in Line
5.6.2023
Ethereum faces congestion for validators to enter and begin staking in the protocol. According to data from Wenmerge, an information dashboard, more than 90,000 validators are waiting to provide protocol validation services on Ethereum. This means a validator entering the queue today must wait more...
Celsius Network's $800 Million Ether Staking Strategy Change Stretches Ethereum Validator Queue – Here's What You Need to Know
4.6.2023
Now-defunct crypto lender Celsius Network has caused a stir with changes in its ETH staking strategy, exacerbating the already elongated queue to activate new validators on the Ethereum network.
Over a period of two days, Celsius transferred ETH into staking contracts after redeeming nearly $813...
Crypto Lender Celsius’ $800M Ether Staking Shake-Up Stretches Ethereum Validator Queue to 44 Days
3.6.2023
The embattled crypto lender’s ETH staking maneuver could potentially lengthen the waiting time to activate new validators in the Ethereum network to 44 days, one observer noted
US Bitcoin Corp to Operate Restructured Mining Division of Celsius, Boosting Hashrate by 12.2 EH/s
29.5.2023
Bitcoin mining company U.S. Bitcoin Corp (USBTC) has announced its intention to employ the mining assets of Celsius, the defunct crypto lender. The development follows the acquisition of application-specific integrated circuit (ASIC) machines from the bankrupt company by the Fahrenheit coalition...
USBTC Aims to Become Bitcoin Mining Giant After Deal to Buy Celsius Assets
26.5.2023
The miner will receive $15 million management fee for the Celsius mining assets, which it will operate exclusively
Fahrenheit Chosen As Winning Bid in Celsius Bankruptcy
25.5.2023
Bankrupt crypto lender Celsius Network LLC has chosen Fahrenheit as its winning bid, which will provide the capital and team to operate a new company.
Fahrenheit, which consists of a group of crypto firms, was selected as the winning bid on Thursday morning, according to a press release.
The...
Today in Crypto: Fahrenheit Wins Celsius Acquisition, BTC-e Co-Founder Wants to be Included in a Russia-USA Prisoner Exchange, Bitpanda Joins Hands with Coinbase
25.5.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Fahrenheit Wins Celsius Acquisition, BTC-e Co-Founder Wants to be Included in a Russia-USA Prisoner...
Fahrenheit wins bid to acquire assets of crypto lender Celsius
25.5.2023
The Arrington Capital-backed consortium outbid NovaWulf to acquire Celsius Network’s assets, while the Blockchain Recovery Investment Consortium serves as a backup bid
Fahrenheit Wins Bid to Acquire Assets of Insolvent Crypto Lender Celsius
25.5.2023
The Arrington Capital-backed grouping beat fellow bidder NovaWulf for Celsius’ assets, with the Blockchain Recovery Investment Consortium selected as back-up
Core Scientific moves for September bankruptcy exit, expects $46M boost
24.5.2023
Core Scientific said favorable market conditions have increased its liquidity position and its bankruptcy restructuring plan has been revised
The Kingdom of Bhutan’s Business Division Explores Crypto Ventures With Bitdeer Partnership
22.5.2023
A recent report reveals that Druk Holding & Investments (DHI), the business division of Bhutan’s Royal Government, is exploring crypto initiatives to enhance its portfolio expansion. DHI recently teamed up with Singapore-based crypto company Bitdeer to “jointly develop green...
Bankrupt Crypto Firm Celsius May Receive Second Chance from Wall Street
19.5.2023
The now-bankrupt crypto lender Celsius Network may get a second chance with the help of Wall Street investment giants.
According to a Wall Street Journal article from Thursday, two groups of investment heavyweights are currently engaged in a bidding war for what remains of Celsius, close to a year...
Fahrenheit Consortium Is Lead Bidder in Bankruptcy Auction for Celsius Assets
17.5.2023
The assets include a loan portfolio, mining rigs and infrastrsucture and cryptocurrency worth as much as $2 billion
Blockchain in space
17.5.2023
To help remediate these issues, blockchain can serve as one of the potential technology solutions
New survey says Bitcoin is safer than the US dollar — Watch The Market Report
17.5.2023
On this week’s episode of The Market Report, Cointelegraph’s resident expert discusses if Bitcoin is safer than the U.S. dollar, considering the impending risk of debt default