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Celsius
Alex Mashinsky, Founder and Former CEO of Celsius, Pleads Guilty to Fraud
Mashinsky repeatedly lied to investors about whether the platform was making uncollateralized loans.
SEC’s Case Against Kraken Going to Trial; PayPal's PYUSD Tops $1B Market Cap
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as a California judge ruled that the SEC's lawsuit against Kraken will proceed to trial. Plus, Celsius' bankruptcy administrator paid out over $2.5 billion to creditors, and PayPal's stablecoin, PYUSD surpassed $1 billion in market cap.
Celsius' Bankruptcy Plan Administrator Pays Out Over $2.5B
The distributions were made in liquid cryptocurrency and cash at Jan. 16 prices to roughly two-thirds of all eligible creditors by number and 93% by value.
Celsius Filed for Tether to Relinquish $3.3B of Bitcoin; Ripple Began Stablecoin Testing
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as bankrupt crypto lender Celsius asked a U.S. court to order stablecoin issuer Tether to relinquish more than 57,000 bitcoin. Plus, Tigran Gambaryan's family alleges that the Binance executive is being denied adequate access to his lawyers, and Ripple's new stablecoin is being tested on Ethereum and XRP Ledger.
Tether to Fight Celsius' $3.3 Billion 'Shakedown' Litigation
On Friday, Celsius asked a U.S. court to order Tether to relinquish a total of 57,428.64 bitcoin.
Dakota Emerges From Stealth to Provide Bank-Like Services to Crypto Depositors
The crypto-native company, which says it is attempting to right the wrongs of centralized lenders like Celsius, emerged from stealth on Wednesday.
Ledn First-Quarter Loans Top Record $690M as Lending Market Snaps Back
The majority of loans were issued to institutional market makers following U.S. approval of spot bitcoin exchange-traded funds.
Sam Bankman-Fried Replaces Lawyers Ahead of Sentencing
Bankman-Fried replaced his former lawyers, Mark Cohen and Christian Everdale, as he’s headed into sentencing negotiations.
The Celsius Mining Scoop With ChazzonKe
Originally a part of the now-defunct lending firm Celsius, Celsius Mining recently transitioned to its own entity, Ionic, and is working with Hut 8 to run its mining assets. But did creditors get a good deal? Citizen journalist and long time skeptic ‘ChazzonKe’ joins "The Mining Pod" to discuss.
Bitcoin Slips as Fed Leaves Rates Unchanged; Celsius to Distribute $3B Crypto to Creditors
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest crypto headlines shaping the industry today, including an update that Celsius will be shipping out more than $3 billion to its creditors as the firm's bankruptcy is officially closed. A U.S. Federal Reserve decision dents market hopes of a rate cut at its next meeting in March. And, FTX customers get a hopeful legal update.