The story of Celsius Network perhaps best represents the parable of some crypto companies, which literally went from the top to the bottom in just a few months. How Celsius Network fell In the wake o...
Tag: Celsius
US Regulatory Agency Files Motion Demanding Probe of Celsius Network
Celsius Network is down 12.78% in the last 24 hours Celsius Price at the time of writing – $2.74 United States Trustee Program is overseen by the Department of Justice An administration named le...
US Trustee moves to appoint examiner in Celsius bankruptcy case
The United States Trustee wants to appoint an examiner to embattled lender Celsius to produce an unbiased public report providing transparency on the firm’s business operations, investments, tra...
Celsius Network coin report shows a balance gap of $2.85 billion: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. This past week, Celsi...
US Trustee motions for examiner to probe Celsius’ ‘significant transparency issues’
The United States Trustee handling Celsius’ bankruptcy proceedings has called for an independent examiner to be brought in to “untangle” the embattled network’s financial affairs and business operatio...
US Regulatory Agency Files Motion Demanding Probe of Bankrupt Crypto Lender Celsius Network
A government-appointed trustee is seeking assistance while grappling with the complexities of embattled crypto lending platform Celsius Network’s (CEL) bankruptcy proceedings. In a new motion filed a ...
Bankrupt Crypto Lender Celsius Now Says It Likely Has Enough Cash to Last Through End of Year
According to Ferraro, since its last filing on July 29 Celsius has spent $40 million of its cash balance primarily on building out its mining site in Texas and on payroll. This week, the federal court...
Celsius Bankruptcy Case Requires Independent Examiner Says US Trustee Office
The United States Trustee Office has asked for an independent probe of Celsius in the bankruptcy case. A court filing states that there were multiple questions related to the transparency of Celsius’ ...
Celsius Bankruptcy Investigated by Independent Examiner
The independent examiner will attempt to peer into the lender’s business practices, as well as the value and type of crypto it holds A committee representing Celsius users has publicly objected to the...
Canadian pension fund writes off investment in Celsius
Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ) revealed on Wednesday that it has written off its investment in Celsius. CDPQ, which manages about CAD$392 billion ($303 billion) ...
A Bankruptcy Examiner Should Look Into Crypto Lender Celsius Network’s Collapse, US Trustee Says
“The Debtors’ professionals acknowledge many of these facts and circumstances and have provided information requested by the United States Trustee. Irrespective of such cooperation, however, the...
Court Approves Celsius Plea To Sell Mined BTC To Fund Operational Expenses – crypto.news
As per recent reports, a US bankruptcy court has given the crypto lending platform Celsius the green light to sell its mined Bitcoin. The company told the court that it needed the funds for its operat...
Bitcoin, Ethereum, Celsius, and Stacks Daily Price Analyses – 18 August Roundup
The global crypto market hasn’t been able to resume gains as the bearish pull is too strong. The market attempted to recover value as Bitcoin, and others showed optimism. The new changes have resulted...
Court grants Celsius approval to sell Bitcoin profit
Embattled crypto lender Celsius has obtained court approval to sell proceedings from its Bitcoin operations for other business investments. Since the inception of the firm’s bankruptcy proceedings, Bi...
Quebec Pension Fund loses almost entirety of its Celsius investment in less than ten months
According to local news outlet LaPresse on Wednesday, the Caisse de dépôt et placement du Québec (CDPQ), an institutional investor chartered with managing retirement assets in Canada’s predomina...
Canadian pension fund CDPQ Writes off $150 Million Investment in Celsius
Caisse de dépôt et placement du Québec writes off investment in Celsius Emond express his disinterest investing in crypto Caisse de dépôt et placement du Québec writes off Investment in Celsius. Canad...
Personal ties between CDPQ and Celsius “no real conflict of interest”
In the wake of the Caisse de dépôt et placement du Québec (or the CDPQ, the federal Quebec pension fund) writing off its $150 million investment into the now bankrupt Celsius Network, the main questio...
Financial Times accuses CEO of Celsius of contributing to the bankruptcy
According to reports in the Financial Times, Alex Mashinsky, Ceo of Celsius, allegedly personally took over some trading decisions that were deemed questionable to say the least, such as selling hundr...
Celsius CEO in charge of crypto trades months before filing bankruptcy claims
The CEO of Celsius, Alex Mashinsky, reportedly had control of the trading strategies of the crypto lending company months before the company halted withdrawals and filed for bankruptcy. Mashinsky exec...
Celsius Network Cleared to Sell Mined Bitcoin to Fund Its Operations
With its bankruptcy proceedings well underway, Celsius Network’s customers are trying to point out what the green light at the end of the tunnel is. Beleaguered crypto lending platform Celsius Network...
Canadian Pension Fund Writes Off $150M Celsius Loss, Believes They Entered Crypto “Too Soon”
A major Canadian pension fund manager has written off a $150M investment in crypto lending platform Celsius Network as a total loss, expecting an impending shutter of the once high-flying CeFi platfor...
Canadian Pension Fund CDPQ Writes off Investment in Celsius
Canadian pension fund giant Caisse de dépôt et placement du Québec (CDPQ) has written off its investment in struggling cryptocurrency lending firm Celsius, acknowledging that the company entered the b...
Canadian Pension Fund Achnoledges Investemnt Loss for $200m CAD on Celsius Network
Charles Emond, the Chief Executive Officer of Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ), has indicated that the company’s investment in Celsius Network is now considere...
Celsius Received Approval to Continue Bitcoin Mining
Celsius Network has been granted the approval to use its mined Bitcoin (BTC) to offset some of the deficit incurred in its daily operations. The approval was granted by the Judge presiding over the fi...
Cash-strapped Celsius Secures Court’s Approval To Mine Bitcoin (BTC)
Celsius creditors are having a tough time especially after the company filed for Chapter 11 bankruptcy last month. On Monday, Celsius network forecasted that it would see a staggering shortfall of fun...
Celsius Token Price Rise Pegged to Market Dynamics Rather Than Fundamentals; BTC Retreats Again
“In the last 24 hours, we’ve had a little bit of a pullback,” Joe Orsini, director of research at Eaglebrook Advisors, told CoinDesk TV’s “First Mover” program. ...
Celsius Network Results In $150M Loss For Fund Giant
Celsius Network, the crypto lending firm founded by Alex Mashinsky, reported almost $2 billion in losses to New York courts. The company filed for bankruptcy protection in the United States after halt...
NY judge allows Celsius to mine, sell Bitcoin
Not even 24 hours after revealing a three-month cash flow forecast that threatens total exhaustion of funds, a New York judge allowed crypto lender Celsius Network to mine and sell Bitcoin (BTC) durin...
Court Grants Celsius Network Approval To Sell New Mined Bitcoins
6 hours ago | 2 mins read Defi News Celsius mined 432.30 BTC in July, which is equivalent to nearly $10.3 million. Judge Martin Glenn of the Bankruptcy Court reached the ruling. Troubled crypto lender...
Celsius Approved to Sell Mined Bitcoin, Customer That Lost 50,000 USDC Insists Her Regulated Stablecoins Should Be Treated Differently – Bitcoin News
On August 16, the crypto lender Celsius Network has been approved by a bankruptcy court judge to sell bitcoin the company previously mined to continue funding specific operations. The following day, t...