Embattled crypto lender Celsius is seeking permission from the U.S. Bankruptcy Court to sell off its stablecoins. As the future of the company remains unclear, it is asking the bankruptcy court for pe...
Tag: Celsius
Terra, Celsius, Ravencoin, Kyber Network and Compound – Gainers
Be[in]Crypto takes a look at the five cryptocurrencies that increased the most last week, more specifically, from Sept 9. to Sept 16. These cryptocurrencies are: Terra (LUNA): 43.78% Celsius (CEL): 3...
Celsius seeks court approval to sell $23M worth of stablecoin assets
Celsius Network is looking to sell $23 million worth of its stablecoin assets for U.S. dollars, according to a Sept. 15 filing. Three entities belonging to Celsius hold eleven different forms of stabl...
Celsius Wants to Sell $23M in Stablecoins to Keep the Dream Alive
A hearing on the motion is scheduled for Oct. 6 in New York Celsius reported having $2.8 billion debt in August Bankrupt lender Celsius raised eyebrows after recently revealing a revival project to wi...
Celsius: Why a 30% surge doesn’t mean anything concrete for CEL investors
Celsius [CEL] has been in the news and it has a new update with regards to its hearings. Judges on the company’s bankruptcy lawsuit have allowed for an independent examiner to investigate the case. Th...
Celsius Owes $1.8B to Its Stakeholders, Latest Report Shows
A new coin report shows that Celsius Network has over $2 billion in liabilities in various coins. Bitcoin (BTC) and Ethereum (ETH) make up the majority of the liabilities. A new coin report shows that...
Celsius Network Files a New Coin Report Showing a $2.5 Billion Balance Gap – crypto.news
Celsius Network has just released its latest bankruptcy coin report, which hardly makes for better reading than the previous one filed in August. Celsius Using Market Prices to Value Crypto Assets The...
Celsius Files for Approval to Sell Stablecoin Stash to Fund Operations
In the latest development in the ongoing Celsius Chapter 11 bankruptcy case, the beleaguered platform has now sought approval to sell its reserve of stablecoins. In the request, Celsius leadership sta...
Celsius Planning Comeback As Kelvin
The bankrupt Celsius Network has revealed plans for a comeback as a crypto custody firm, including a name rebranding. CEO Proposes Rebuilding And Rebranding Crypto lending program Celsius tumbled in ...
Court Rules Celsius Network’s Holdings to Be Probed by Independent Examiner: Report Court Rules Celsius Network’s Holdings To Be Probed by Independent Examiner: Report
An independent examiner will look into various aspects of Celsius Network’s digital asset holdings, a US Bankruptcy Court ruled. It indicates that the failed crypto lending platform will face more str...
Celsius: Judge permits independent examiner’s probe in bankruptcy case
A federal judge from the United States Bankruptcy Court for the Southern District of New York has allowed the U.S. Trustee’s office to appoint an independent examiner to investigate the affairs at the...
Celsius Plots A Comeback, Crypto Daily TV 15/09/2022
In Todays Headline TV CryptoDaily News: South Korean prosecutors issued Do Kwon an arrest warrant. South Korean prosecutors have issued an arrest warrant for Do Kwon, the co-founder and CEO of Terrafo...
Ripple CTO Makes Fun of Celsius Network Rebuilding as Custodian
Gamza Khanzadaev Celsius Network’s rebuilding plans are absurd, according to David Schwartz The recent news of Celsius Network’s rebuilding into a crypto asset custodian has sparked a wave...
Celsius bankruptcy judge gives the nod for independent examiner probe
A federal judge overseeing crypto lender Celsius’ bankruptcy case has given the green light for the motion to appoint an independent examiner to investigate aspects of Celsius’ business. In an order d...
U.S Court Approves Independent Examiner in Celsius Case
4 hours ago | 2 mins read Defi News The investigator will also review the rationale behind the April service shift. Previously, the U.S. Trustee mentioned the lack of clarity around few accounts. A mo...
Celsius CEO Alex Mashinsky Launches ‘Audacious’ Revival Plan for Bankrupt Crypto Firm: Report
The CEO of Celsius Network is reportedly discussing a new project that may help rebuild the bankrupt crypto lending platform. According to a new report from The New York Times, Alex Mashinsky presente...
Celsius Bankruptcy Case to Get Independent Examiner
Celsius prompted bankruptcy filing this summer as it froze customer withdrawal from its platform. To investigate the case of Celsius Network and its eventual bankruptcy, a United States bankruptcy jud...
Judge Approves Use of Independent Examiner in Crypto Lender Celsius’ Bankruptcy Case
Celsius initiated bankruptcy proceedings earlier this summer after freezing users withdrawals on its platform in June due to “extreme market conditions.” Trouble began for the firm when spooked retail...
Celsius Meeting Audio Leaked – Why Staffers Are Reacting With Mistrust
Under intense pressure, Celsius, an experimental cryptocurrency lender, cracked under heavy pressure and was forced to file for bankruptcy in July. However, the CEO of the company recently revealed an...
Celsius Reflects Bullish Bias; Will CEL Recover Soon?
Celsius network is a kind of decentralized banking platform that pays interest to users on their saved or deposited cryptocurrencies. All account holders can take loans on the deposited cryptocurrenci...
Independent probe approved for Celsius bankruptcy case
Following concerning reports that Celsius Network may have been insolvent since 2019, an independent probe into the crypto lender’s finances has been approved by a federal judge. An examiner will inve...
Neutral Third Party to Examine Celsius’ Finances
A neutral third party is set to examine the finances of Celsius Network, which earlier this year filed for Chapter 11 bankruptcy. The move was approved by a US bankruptcy judge in the Southern Distric...
Federal Trade Commission (FTC) set to join the Celsius bankruptcy case
Join Our Telegram channel to stay up to date on breaking news coverage The US Federal Trade Commission (FTC) is set to join the ongoing bankruptcy case for the Celsius crypto lending firm. The FTC has...
Bankrupt crypto network Celsius is planning a comeback, codenamed ‘Kelvin’
Join Our Telegram channel to stay up to date on breaking news coverage As a temperature scale, Kelvin starts at “absolute zero.” Due to the absence of any energy, that lowest temperature would effecti...
Celsius CEO okay with bankruptcy because people still drink Pepsi
Celsius CEO Alex Mashinsky says that entering Chapter 11 bankruptcy is just a test for the embattled lender and claims he has a three-step plan to successfully “restart” the business. Mashinsky reveal...
Federal Trade Commission seeks entry into Celsius bankruptcy case
The Federal Trade Commission filed Tuesday to join the bankruptcy proceedings of crypto lender Celsius. According to court documents, FTC attorneys Katherine Aizpuru and Katherine Johnson have asked ...
Crypto Lender Celsius Seeking Crypto Custody Business
The embattled crypto lending firm Celsius is trying to cope up with its sufferings as soon as possible. In July, 2022, crypto lender filed for Chapter 11 bankruptcy in the federal court of Southern Di...
Celsius CEO Mashinsky Proposes Resurrecting Platform As A Digital Asset Custody Firm
The saga that has been Celsius’ downfall this year has been well documented. CEO Alex Mashinsky has been a focal point of crypto critics after his engagement in ‘taking over‘ Celsius’ crypto strategy ...
Celsius spikes 18% higher on release of ‘Project Kelvin’ recovery plan
The Celsius (CEL) token posted 18% gains in the last 24 hours to trade at $1.70 as of press time on Sept. 14. According to the New York Times, the bankrupt CeFi lender is plotting an audacious comebac...
Celsius CEO Proposes Plan to Revive the Company
Alex Mashinsky, CEO of Celsius Network, has proposed plans that would help the company recover from its bankruptcy, the New York Times reported Tuesday. Celsius filed for Chapter 11 bankruptcy protec...
Celsius Banks on Future With New Plan Named ‘Kelvin’
Employees were skeptical about Celsius’ comeback plan at an all-hands meeting on Sept. 8 The Federal Trade Commission is looking to join the case, court filings show Celsius sparked a flurry of anxiet...