Social media footage shows crowds of angry people in Zhengzhou, the largest city in Henan province, protesting the freezing of accounts by some rural banks. Local media reported that the deposits held...
Tag: Depositors
Hope for depositors? Celsius repays $20 million to Aave
The cryptocurrency loan company Celsius ran into financial problems amid the bear market, and it has since been struggling with operations. Although the firm stands a high chance of pushing for bankru...
Celsius Lays off 150 Workers as Depositors’ Worries Begin to Mount
Embattled crypto lender, Celsius, has laid off 150 employees, representing a quarter of its workforce, according to the latest reports. Israeli news outlet Calcalist reported some of the employees lai...
Lebanon Planning to Devalue Currency by 93%, Depositors to Lose $38 Billion – Economics Bitcoin News
The Lebanese government is reportedly planning to devalue the local currency by up to 93% in a desperate bid to receive funding from the International Monetary Fund (IMF). As part of the plan, a major...