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Celsius

Celsius users will be allowed to swap altcoins for BTC and ETH

15 Jun 23

Celsius users will be allowed to swap altcoins for BTC and ETH 1#

Celsius users will be allowed to swap altcoins for BTC and ETH In a recent court filing, the Celsius Network has announced plans to facilitate the conversion of all altcoins into bitcoin and ethereum starting from July 1, 2023. In an attempt to provide more accessibility to major cryptocurrencies, the Celsius Network has decided to […]

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15 Jun 23

What happened to Celsius Network: a year in review

What was once a beacon of hope for cryptocurrency investors spiraled into a major financial fiasco. The crypto lender Celsius Network (CEL) that promised a new dawn in the decentralized finance (DeFi) movement collapsed in June 2022, sparking a wave of skepticism about the future of digital currency. A year later, we look back at […]

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17 May 23

Celsius posts positive results as Bitcoin market stabilizes

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Compared to the previous month, the number of bitcoin mining rigs that were operating as a part of the Celsius Network climbed by 18% in April. As of April 30, 2023, the insolvent cryptocurrency lender controlled 53,000 active mining machines. The […]

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16 May 23

Celsius transfers $772m in stETH from Lido amid withdrawal enablement

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Crypto lender Celsius has swiftly moved its Ethereum (ETH) staking tokens from the liquid staking platform Lido following the platform’s recent introduction of withdrawal capabilities. In a notable transaction on May 15, Celsius wallets transferred a substantial amount of 428,015 stETH […]

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09 May 23

Core Scientific challenges Celsius Network’s $4.7m compensation claim

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Core Scientific, a bankrupt bitcoin miner, is protesting against the payment of $4.7 million in executive compensation filed by crypto lending platform Celsius Network. The latest development has resulted in a contractual battle between the two companies. In a Texas bankruptcy […]

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04 May 23

Celsius’ claims separation of US and UK operations was ‘sham’

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied According to newly filed documents, defunct crypto lender Celsius Network seeks to merge its UK and US operations, claiming their separation was a “sham.” The operations that allowed the transfer of billions of dollars in assets between the two were likely fraudulent, according […]

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24 Apr 23

Coinbase, Gemini take center stage in upcoming Celsius auction

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The fate of Celsius Network, a crypto lending platform that went bankrupt last year, will be decided by auction on April 25 in New York, and two new consortiums have joined the bidding war for the company’s assets, which include bitcoin […]

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17 Apr 23

Bhutan held millions of dollars worth of crypto in BlockFi and Celsius

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bhutan, a small country in the Himalayas known for its happiness index and isolation from the world, has secretly been investing in cryptocurrency for over a year. This was revealed by the bankruptcy filings of two crypto lending platforms, BlockFi and […]

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15 Apr 23

Celsius might sue media personality for leaking confidential information

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied According to reports, the now-bankrupt Celsius Network is preparing to sue a creditor and media personality, Tiffany Fong, for disclosing confidential information. Fong, however, claims she did nothing wrong by making public sensitive details related to the lender since a non-disclosure […]

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02 Apr 23

Celsius submits chapter 11 reorganization plan centered on NovaWulf deal

Celsius Network, the bankrupt cryptocurrency company, filed its chapter 11 reorganization plan in the late hours of March 31, 2023, built around NovaWulf Digital Management, an SEC-registered investment manager. Celsius submits chapter 11 restructuring plan The announcement was made by the Celsius Official Committee of Unsecured Creditors, pointing this as a significant step in the company’s efforts […]

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