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Celsius
Ex-CFTC Chairman Discusses Celsius' Bankruptcy and CBDC Adoption
The former Commodity Futures Trading Commission chief joined CoinDesk TV’s “First Mover” to discuss why the bankruptcy of lender Celsius Network could set legal precedent in future crypto hearings, and why the likelihood of CBDC adoption worldwide could be based on Chinese technology.
Celsius Bankruptcy Filings Hint Retail Customers Will Bear Brunt of Its Failure
The New Jersey-based crypto lender has a $1.2 billion hole in its balance sheet and will likely struggle to pay back its customers and creditors.
Chris Giancarlo: Celsius Bankruptcy Filing is 'Mile Marker' for Crypto Industry
Former CFTC Chair Chris Giancarlo discusses the potential regulatory outcomes from crypto lender Celsius' first bankruptcy hearing today. “It’s going to be one of those mile markers in the progression of this new asset class,” Giancarlo said.
Celsius Outlines Next Steps as Bankruptcy Proceedings Begin
The insolvent crypto lender has said that it will give customers an option of staying "long crypto" or receiving a discounted cash settlement.
Celsius Reveals $1.2B Financial Hole; Terra Subsidiary Investigated
Celsius reveals $1.2 billion hole in balance sheet. OpenSea cutting 20% of its workforce. Circle’s reserve breakdown shows $13.58 billion cash and $42.12 billion in U.S. Treasurys. ETH2 merger closer as ninth shadow fork goes live. Report says Terra subsidiary used as funds channel for overseas affiliates. Play-to-earn games shifting focus to fun. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast"
The Fall of Celsius Network: A Timeline of the Crypto Lender’s Descent Into Insolvency
A timeline of Celsius’ battle with insolvency during the crypto crash, from the firm’s decision to limit some user activity before the “pause,” to its decision to file for bankruptcy on the advice of restructuring experts.
Celsius Owed $439M by Lending Firm EquitiesFirst: Report
Celsius first borrowed from EquitiesFirst in 2019 before an overcollateralized crypto loan went sour in 2021.
Bitcoin Mining Rig Prices Slump to Near 2-Year Lows Amid Celsius Bankruptcy
Celsius’ mining unit is said to have auctioned off some of its newly purchased mining rigs at fire-sale prices back in June, before filing for bankruptcy.
