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Crypto Lender Celsius to Be Acquired by Novawulf, Exiting Chapter 11

Leave a Comment / account balances, account holders, Acquisition, alternative trading system, Bankruptcy, Bitcoin, broker-dealer, Celsius, Celsius bankruptcy, Celsius Novawulf, Chapter 11 ends, common equity, Convenience Class, crypto assets, Crypto Hacked, Crypto lender, Cryptocurrency, customer loan portfolio, Ethereum, illiquid assets, liquid crypto, litigation trust, Mining, News, Novawulf, Novawulf acquisition, Novawulf Digital Management, Patrick Nash, potential settlement, Provenance Blockchain, regulatory compliant, reorganization plan, Ross Kwasteniet, SEC-registered, unsecured creditors / admin / February 16, 2023 / account balances, account holders, Acquisition, alternative trading system, Bankruptcy, Bitcoin, broker-dealer, Celsius, Celsius bankruptcy, Celsius Novawulf, Chapter 11 ends, common equity, Convenience Class, crypto assets, Crypto lender, customer loan portfolio, Ethereum, illiquid assets, liquid crypto, litigation trust, Mining, News, Novawulf, Novawulf acquisition, Novawulf Digital Management, Patrick Nash, potential settlement, Provenance Blockchain, regulatory compliant, reorganization plan, Ross Kwasteniet, SEC-registered, unsecured creditors

Crypto lender Celsius’ committee of unsecured creditors has chosen the digital asset investment firm Novawulf Digital Management to sponsor the company’s reorganization plan, according to a statement published on Wednesday. The proposed agreement would enable Celsius to exit the Chapter 11 bankruptcy process, and the new owners could begin distributing funds as early as June, […]

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Report: Paypal Puts Stablecoin Plans on Hold as US Regulators Crack Down on Crypto Industry

Leave a Comment / Bitcoin, BitLicense, Congress, Crypto Hacked, crypto industry, Crypto lender, crypto services, Cryptocurrency, Decision, earn product, Ethereum, Financial Technology, Investigation, Kraken, New York State Department of Financial Services (NYDFS), News, Nexo, offshore services, online payment system, pause, pause stablecoin, pausing plans, Paxos, Paxos stablecoins, Payments Giant, Paypal, PayPal stablecoin, PayPal stablecoin idea, Plans, regulatory guidance, regulatory scrutiny, relevant regulators, retail investors, Spokesperson, Stablecoin, Stablecoin issuer, staking service program, state regulators, U.S. retail customers, U.S. Securities and Exchange Commission (SEC), US Regulators / admin / February 11, 2023 / BitLicense, Congress, crypto industry, Crypto lender, crypto services, Decision, earn product, Financial Technology, Investigation, Kraken, New York State Department of Financial Services (NYDFS), News, Nexo, offshore services, online payment system, pause, pause stablecoin, pausing plans, Paxos, Paxos stablecoins, Payments Giant, Paypal, PayPal stablecoin, PayPal stablecoin idea, Plans, regulatory guidance, regulatory scrutiny, relevant regulators, retail investors, Spokesperson, Stablecoin, Stablecoin issuer, staking service program, state regulators, U.S. retail customers, U.S. Securities and Exchange Commission (SEC), US Regulators

During the first week of 2023, payment service giant Paypal said it was exploring the launch of a stablecoin. At the time, an executive at Paypal stated that if the company moved forward, it would work closely with financial regulators. However, on Feb. 10, a source noted that Paypal has put the concept on hold

Report: Paypal Puts Stablecoin Plans on Hold as US Regulators Crack Down on Crypto Industry Read More »

Unredacted Financial Documents Show Blockfi’s $1.2 Billion Connection With FTX, Alameda Research

Leave a Comment / 1.2 billion, Alameda Research, annualized basis, bankrupt firms, Bankruptcy, Bitcoin, Blockfi, Blockfi Bankrupt, Blockfi Bankruptcy, business entity, Chapter 11 bankruptcy protection, cnbc, community, Crypto Hacked, Crypto lender, crypto lending industry, Cryptocurrency, Drama, Ethereum, Exposure, financial documents, financial misrepresentation, Flori Marquez, ftx, FTX.US, hidden exposure, independent, independent entity, July 2023, line of credit, loans, M3 Partners, MacKenzie Sigalos, New Jersey, News, Payroll, request for comment, Scrutiny, Staff Members, ties, Top Executives, undisclosed, unredacted documents, zac prince / admin / January 25, 2023 / 1.2 billion, Alameda Research, annualized basis, bankrupt firms, Bankruptcy, Blockfi, Blockfi Bankrupt, Blockfi Bankruptcy, business entity, Chapter 11 bankruptcy protection, cnbc, community, Crypto lender, crypto lending industry, Drama, Exposure, financial documents, financial misrepresentation, Flori Marquez, ftx, FTX.US, hidden exposure, independent, independent entity, July 2023, line of credit, loans, M3 Partners, MacKenzie Sigalos, New Jersey, News, Payroll, request for comment, Scrutiny, Staff Members, ties, Top Executives, undisclosed, unredacted documents, zac prince

Unredacted documents mistakenly sent to the bankruptcy court indicate that the now-defunct crypto lender Blockfi had more than $1.2 billion tied up with FTX and Alameda Research. The accidentally revealed documentation shows that Blockfi’s exposure to the bankrupt crypto firm FTX was more than what the company had previously disclosed. Unredacted Documents Reveal Blockfi’s $1.2

Unredacted Financial Documents Show Blockfi’s $1.2 Billion Connection With FTX, Alameda Research Read More »

Core Scientific to Shut Down 37,000 Bitcoin Mining Rigs Belonging to Bankrupt Crypto Lender Celsius

Leave a Comment / account holders, bankrupt firms, Bankruptcy, bankruptcy protection, bar date, Bitcoin, Bitcoin Miners, Bitcoin mining, bitcoin mining devices, bitcoin mining operation, Celsius, Chapter 11 bankruptcy protection, Chris Koenig, Core Scientific, Crypto Hacked, Crypto lender, Cryptocurrency, customer claims, deadline, debt, energy costs, Ethereum, extending, hearing, hosting contract, hosting costs, hosting seats, hosting services, lawyer, Mining, Motion, proofs of claim, regular payments, Servers, shutting down, Twitter / admin / January 4, 2023 / account holders, bankrupt firms, Bankruptcy, bankruptcy protection, bar date, Bitcoin Miners, Bitcoin mining, bitcoin mining devices, bitcoin mining operation, Celsius, Chapter 11 bankruptcy protection, Chris Koenig, Core Scientific, Crypto lender, customer claims, deadline, debt, energy costs, extending, hearing, hosting contract, hosting costs, hosting seats, hosting services, lawyer, Mining, Motion, proofs of claim, regular payments, Servers, shutting down, Twitter

Core Scientific plans to shut down 37,000 bitcoin mining rigs belonging to now-defunct crypto lender Celsius, according to an agreement between the two bankrupt firms. Celsius owes Core Scientific approximately $7.8 million for energy and hosting costs, as the crypto lender has been unable to make regular payments as outlined in the hosting contract. Celsius

Core Scientific to Shut Down 37,000 Bitcoin Mining Rigs Belonging to Bankrupt Crypto Lender Celsius Read More »

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Crypto Lender Celsius to Be Acquired by Novawulf, Exiting Chapter 11

Report: Paypal Puts Stablecoin Plans on Hold as US Regulators Crack Down on Crypto Industry

Unredacted Financial Documents Show Blockfi’s $1.2 Billion Connection With FTX, Alameda Research

Core Scientific to Shut Down 37,000 Bitcoin Mining Rigs Belonging to Bankrupt Crypto Lender Celsius

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