BlockFi, a struggling crypto lender, plans to shut down its web platform by May 2024. BlockFi partners with Coinbase to facilitate cryptocurrency withdrawals for its clients. CEO Zac… Read More

FTX’s restructuring plan offers creditors 118% of what they’re owed, exceeding expectations. Current market values far surpass assets’ worth in November 2022, leaving c… Read More

In recent years, the cryptocurrency and decentralized finance (DeFi) sectors have soared in popularity, attracting investors and entrepreneurs alike with promises of innovation and financial… Read More

In a recent update, Zac Prince, the founder and former CEO of the now-bankrupt cryptocurrency lender BlockFi, has shared insights into the company’s bankruptcy proceedings and his futu… Read More

The post 2023’s Biggest Crypto Collapses: Top Bankruptcies That Shocked the Market appeared first on Coinpedia Fintech News In the last 15 years, the crypto market has changed a lot… Read More

Celsius Network, a bankrupt cryptocurrency lending platform, has executed significant transfers totaling around $1 billion in Ethereum (ETH) to Coinbase and Paxos. These transfers are seen a… Read More

Flare (FLR) experiences a remarkable 44% surge in just seven days. Flare’s DeFi ecosystem, with a TVL exceeding $7 million, drives the surge. Google Cloud enhances Flare’s… Read More

Plokadot (DOT) and Polygon (MATIC) started the year off with a stiff bearish trend, catching the attention of crypto analysts who are currently writing off the two cryptocurrencies. In respo… Read More

Celsius transfers a substantial $125 million of ETH to exchanges. Bulk of the transfer includes $95.5 million to Coinbase, $29.73 million to FalconX. Celsius still holds 539,000 ETH… Read More

Plus: Bitcoin briefly nears $49,000 as ETFs close first day with $4.6B in trading volume Inside Cryptocurrency For January 12, 2024 Thank you to our sponsor Here is a qu… Read More

The total time taken to fully exit and receive staked ETH surged over 13.5 days. The backlog was likely created by Celsius Network. Waiting time for Ethereum [ETH] validators to withdraw the… Read More

Celsius has decided to unstake its ETH holdings to repay its creditors. The last week has seen a decline in demand for ETH. In a series of posts on X, bankrupt cryptocurrency lender Celsius… Read More

Celsius additionally suggested clients to utilize its cell app for the withdrawal, stating the app would solely be obtainable for a restricted time. Bankrupt crypto lender Celsius Communi… Read More

In a significant development, Celsius Network, the bankrupt crypto lender, has announced its transition to a mining-only company, NewCo. This decision comes after feedback from the Securitie… Read More

America’s securities regulator has been urged to decide if it will approve a plan to transform Celsius Network into a bitcoin mining firm. The proposal seeks to repay customers of the… Read More

…and Disney makes a sports-gambling bet When you're late to your Nobu resy (Dan Istitene/Getty Images) Sponsored byYesterday's Market Moves Dow Jones34,945 (-0.13%)S… Read More

European crypto-banking platform Bitwala, previously known as Nuri, has made a triumphant return after temporarily ceasing operations in 2022. Bitwala is now back in action under its orig… Read More

When Celsius launched back in 2017, many saw the company as one that had the potential to disrupt the industry with its crypto lending platform. Six years on, Celsius’ chapter in t… Read More

Crypto analysts have been keen on the digital space as they present various findings and market predictions. Among them is the awaited exchange-traded funds (ETF) approval that has been deba… Read More

The post John Deaton Says That SEC Acted as a Broken, Failed, and Inept Agency in the LBRY Case appeared first on Coinpedia Fintech News Mr. Deaton, a prominent legal figure, believes that… Read More

USBTC to host 8,500 miners belonging to Celsius at its Alpha Site. Hashrate of these machines is estimated to be 820 petahash (PH). Us Bitcoin Corp expects to be managing over 310,000 miners… Read More

Roni Cohen-Pavon, the former chief revenue officer of the now-bankrupt crypto lender Celsius Network, has reportedly pleaded guilty and committed to cooperating with authorities in their… Read More

This article is featured in Bitcoin Magazine’s “The Broke Issue”. Click here to subscribe now. The story of Bitcoin has certainly had its fair share of nefarious characte… Read More

As per the recent development, the United States FTC has slapped the bankrupt Celsius Network with a $4.7 billion fine. The judgment around the network’s permission to return its remai… Read More

Bankrupt cryptocurrency lending firm Celsius has requested the court to grant relief in the motion related to the distribution of funds from its sale of the self-custody platform GK8. The Ce… Read More

The United States Bankruptcy Court for the Southern District of New York has approved bankrupt crypto lender Celsius Network’s plan to convert its altcoins into Bitcoin (BTC) and Et… Read More

Key Insights Celsius Network, a bankrupt crypto lender, has been selling off its altcoin assets. The company has reportedly sold around $23.5 million in several cryptocurrencies, inclu… Read More