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Bankruptcy Filing Reveals Biggest Celsius Creditors
Celsius Network's chapter 11 bankruptcy filing reveals the extended influence of crypto billionaire and FTX CEO Sam Bankman-Fried, according to Bloomberg. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Celsius CEO: Bankruptcy Filing Is 'The Right Decision'
Celsius co-founder and CEO Alex Mashinsky responds to the crypto lender filing for bankruptcy protection, noting in a press release that it's the "right decision for our community and company.” "The Hash" panel discusses his statement and the future of the company.
CoinFLEX Restarts Withdrawals With 10% Limit
After suspending withdrawals in June, physical futures crypto exchange CoinFLEX is now allowing customers to withdraw 10% of their account balances, excluding its flexUSD (FLEXUSD) stablecoin. “The Hash” team weighs in on CoinFLEX’s latest guidelines and what it could mean for the crypto industry at large.
Polygon Joins Disney’s Accelerator Program to Develop AR, NFT and AI Experiences
Ethereum scaling tool Polygon is continuing to expand its Web3 infrastructure through its participation in Disney’s 2022 Accelerator program, designed to spur the growth of innovative companies around the world. "The Hash" squad discusses Polygon's latest moves and the potential outcomes.
Crypto Miner CleanSpark Continues to Take Advantage of Bear Market as it Scoops Over 1K Rigs
Crypto miner CleanSpark has purchased 1,061 bitcoin mining rigs that are already in operation at hosting firm Coinmint’s facility in New York. In June, the Las Vegas-based miner bought contracts for another 1,800 mining rigs. “The Hash” hosts unpack what this means for the bitcoin mining ecosystem.
Celsius Network Files for Chapter 11 Bankruptcy
Celsius Network, the crypto lender facing a liquidity crisis, has filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of New York. Ropes & Gray LLP Partner Ryan Preston Dahl discusses the developments and potential ramifications for users.
Bitcoin Snaps 5-Day Losing Streak; More Hawkish Fed Policy Ahead?
Wave Financial Managing Director Nauman Sheikh discusses his crypto markets outlook as investors react to hotter-than-expected inflation data signaling more aggressive Federal Reserve monetary policy tightening. Plus, his take on the implosion of crypto lender Celsius.
What Celsius Filing for Bankruptcy Protection Means for Crypto
Crypto lender Celsius Network filed for Chapter 11 bankruptcy protection roughly a month after freezing user withdrawals. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the regulatory implications and why it was “pretty inevitable.”
Mila Kunis-Linked Web3 Studio Toonstar Partners With Hot Topic to Market Entertainment NFTs
Toonstar is partnering with Hot Topic to target the intersection of entertainment and NFTs through retail. Toonstar founder & CEO John Attanasio discusses the announcement and how it could be an opportunity to take the Web3 space into the mainstream.
Celsius Files for Bankruptcy; Crypto Unfazed by US inflation
Celsius files for bankruptcy after paying off hundreds of millions of dollars of loans. Bitcoin bounces back after U.S. CPI hits 41-year high. MATIC skyrockets as Polygon joins Disney accelerator. Bitcoin hashrate slumps to lowest in over five months amid over 100 degree weather in Texas. Questions over Circle’s USDC reserves linger despite reassurances. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."