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” Investors seek to sell FTX, Celsius, BlockFi, Voyager claims “ Instead of waiting for a lengthy bankruptcy process, some investors who have claims on FTX, Celsius Network, BlockFi and Voyager Digital are looking to pass on their claims to others. Data from crypto claims trading startup Xclaim shows that there are at least hundreds…
” Celsius wants to extend the deadline for claims as lawyer fees mount “ Bankrupt crypto lender Celsius Network is planning to file a motion that would extend the deadline for users to submit their claims by another month. The crypto community has started to grow impatient, noting that Celsius’ lawyer fees have continued to…
” Bitcoin bears well positioned for Friday’s $2.5 billion options expiry “ A year-end wager for $80,000 Bitcoin (BTC) might seem entirely off the table now, but not so much back in March as BTC rallied to $48,000. Unfortunately, the two-week 25% gains that culminated with the $48,220 peak on March 28 were followed by…
” 7 biggest crypto collapses of 2022 the industry would like to forget “ 2022 has been a bumpy year for the cryptocurrency market, with one of the worst bear markets on record and the downfall of some major platforms within the space. The global economy is beginning to feel the consequences of the pandemic,…
” Crypto can get weird: The 5 strangest stories of the industry in 2022 “ From Terra to FTX, 2022 has given us many weird crypto stories. While investors have been enduring a bear market that saw the crypto industry sink below the $1 trillion market capitalization mark, adoption in the space has been growing,…
” Crypto Biz: Contagion engulfs Bitcoin miners as bear market continues “ Never underestimate how quickly things can deteriorate in a sector as volatile as crypto, especially in a bear market. Prices can always go lower in the depts of crypto winter and casualties can multiply overnight. 2022 has been a year of never-ending contagion;…
” California regulators order MyConstant to cease crypto-lending services “ The California Department of Financial Protection and Innovation (DFPI) has ordered crypto lending platform MyConstant to cease offering a number of its crypto-related products over alleged state securities law violations. The DFPI stated in a press release on Dec. 21 that it has ordered MyConstant…
” Stock price for troubled Bitcoin miner Core Scientific surges 200% “ Bitcoin (BTC) miner Core Scientific’s stock has soared nearly 200% in the past four days, following the positive reception for a Dec. 14 financing proposal from a current creditor who is hoping the firm can avoid bankruptcy. Shares for the embattled miner were…
” Creditor offers Bitcoin miner Core Scientific $72M to avoid bankruptcy “ Financial services platform B. Riley has offered Bitcoin (BTC) miner Core Scientific $72 million in financing to avoid bankruptcy and preserve value for Core Scientific stakeholders. B. Riley, a top lender to Core Scientific with $42 million in loans currently outstanding, outlined the…
” SBF misses the Senate hearing but promises to testify to the House: Law Decoded “ Welcome to Law Decoded, your weekly digest of all the major developments in the field of regulation. So, Sam Bankman-Fried, public enemy number one, won’t appear in front of Senators on Dec. 14, as he missed the deadline for…