2 / 7 Relevant items tagged with #Celsius

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Ethereum Price Crash Looming? Celsius To Unstake $465 Million ETH

[Jan 5 12:00 PM] Celsius Network, the bankrupt cryptocurrency lending company, is gearing up to unstake approximately $465 million worth of Ethereum (ETH) as part of its efforts to compensate creditors. This development follows the company’s bankruptcy filing…

Ethereum Validators Forced to Wait Days to Unstake Amid Celsius Withdraws

[Jan 5 10:28 AM] This means there is now a 5.6 day wait for validators to exit the Ethereum blockchain.

Celsius to Unstake Thousands of Ether, Possibly Easing ETH Selling Pressure

[Jan 5 2:55 AM] The defunct crypto lender sent over 30,000 ETH to custodian Fireblocks in the past week, some of which was deposited at crypto exchange Coinbase, data shows.

Bankruptcy Judge Greenlights Celsius Shift to Bitcoin Mining

[Dec 30, 2023 8:00 AM] The now-defunct crypto lender Celsius has received authorization to pivot to bitcoin mining, following approval from U.S. District Judge Martin Glenn of Manhattan for the firm’s revised strategy. This move comes after the company’s…

FTX Estate Faces Objections Over Lowered Crypto Claims Valuation Amid Bankruptcy Proceedings

[Dec 28, 2023 10:30 AM] On Dec. 27, 2023, FTX debtors released a projected valuation of claims involving digital assets, with the proposal suggesting conversion of claims into dollar amounts pegged to crypto asset values as of Nov. 11, 2022. Consequently, an individual…

Hut 8 agrees to develop mining site to build equity with Celsius creditors

[Dec 18, 2023 5:54 AM] Hut 8’s new mining site in Cedarvale, Texas, will house almost 66,000 miners and will be powered by more than 215 MW of energy.

Celsius faces hurdle as judge hints at new vote for Bitcoin mining shift

[Dec 1, 2023 2:47 AM] Judge Martin Glenn reportedly said that the proposed transformation into a Bitcoin mining business deviates significantly from the deal creditors initially voted on.

Celsius grants access to withdrawals for eligible crypto holders

[Nov 30, 2023 6:52 AM] Eligible participants can withdraw 72.5% of their cryptocurrency holdings minus transaction fees.

Empty Accounts Discovered As Celsius Allows Crypto Withdrawals For Eligible Users

[Nov 29, 2023 7:30 PM] In a recent announcement, bankrupt crypto lender Celsius has initiated additional withdrawals for certain eligible custody users. However, it’s important to note that only specific custody assets are currently available for withdrawal, while…

Bankrupt Crypto Lender Celsius Reopens Withdrawals for Certain Custody Clients

[Nov 29, 2023 2:30 PM] The now-inoperative crypto lending firm Celsius has announced the opening of withdrawals for select “Eligible Custody Users,” as declared in a recent statement on Wednesday. These custody account holders now have the opportunity to…

Celsius Network’s Shift Towards Bitcoin Mining Plan

[Nov 21, 2023 12:00 PM] Bankrupt crypto lender Celsius Network has revealed that the company planning on switching to a Bitcoin mining-only company, following its bankruptcy court’s confirmation of the plan. Celsius Transition To Mining NewCo Celsius Network‘s…

Celsius entity to focus only on mining under proposed reorganization plan

[Nov 21, 2023 9:03 AM] The lending firm has been in bankruptcy court since its Chapter 11 filing in 2022, while the SEC filed a lawsuit against both the firm and former CEO Alex Mashinsky in July.

Celsius to Transition to Mining-Only NewCo After SEC Feedback in Updated Bankruptcy Plan

[Nov 21, 2023 1:55 AM] Crypto lender Celsius will transition to a new company that focuses only on Bitcoin mining, a shift from an earlier reorganization plan that included a focus on staking too.

Celsius Revamp Plan Hits Speed Bump With SEC: Source

[Nov 20, 2023 9:58 AM] The U.S. Securities and Exchange Commission wants more information about the assets of the former crypto lender, which is reorganizing through bankruptcy, a person familiar with the matter said.

Celsius Bankruptcy Reorganization Plan Approved by Court; Implementation by Early 2024

[Nov 10, 2023 6:31 AM] Crypto lender Celsius secured approval for its reorganization plan from a bankruptcy court on Thursday, marking an end to an ordeal that began when it filed for bankruptcy in July last year.

Celsius Bankruptcy Saga Nears Closure as Court Approves Restructuring Plan

[Nov 9, 2023 3:15 PM] In a pivotal moment for Celsius Network LLC and its affiliates, the Southern District of New York Bankruptcy Court has issued a confirmation order for the modified joint Chapter 11 Plan of the crypto lender. The approval sets the stage for a…

Court confirms Celsius bankruptcy exit plan, $2B in crypto to go to creditors

[Nov 9, 2023 2:14 PM] The decision ends the complex case with a creditor-approved plan that will see their partial reimbursement and make them shareholders in a new company.

SEC’s Gensler hints he’s open to a FTX reboot under proper leadership: Report

[Nov 9, 2023 12:00 AM] “If Tom or anybody else wanted to be in this field, I would say, ‘Do it within the law,’” SEC Chair Gary Gensler iterated.

Celsius Winner Proof Group Is in Running to Relaunch FTX, Sources Say

[Nov 6, 2023 11:03 AM] The Silicon Valley investment firm was part of the Fahrenheit consortium that successfully bid for bankrupt cryptocurrency lender Celsius.

Luxor refutes claims its Bitcoin hashrate-backed product is BlockFi, Celsius 2.0

[Nov 5, 2023 8:04 PM] “The return comes from hashrate, not from pixie dust, ponzi schemes, or rehypothecation,” a Luxor Technology executive stressed.

CME Bitcoin futures hit record high, but uncertainty looms above $36K

[Nov 3, 2023 10:36 AM] CME Bitcoin futures hit a 2-year high, but options market data reflects investors’ hesitancy.

Judge Urges for SEC Decision on Planned Celsius Restart as Crypto Miner

[Oct 31, 2023 9:30 PM] 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 bankrupt cryptocurrency lender with both crypto assets and stock…

Sam Bankman-Fried Rebuffed Barry Silbert's and Celsius' Requests for Help, Ex-FTX CEO Testifies at His Trial

[Oct 27, 2023 3:06 PM]

Celsius Commits To Massive Crypto Repayment: $2 Billion To Creditors By 2023’s End

[Oct 4, 2023 8:00 PM] Celsius Network, a bankrupt digital asset lender, has revealed plans to begin repaying creditors using billions of dollars in crypto assets before the year’s end.  The company presented a restructuring plan, outlined in a recent filing to a…

Alex Mashinsky's jury trial scheduled for September 2024

[Oct 3, 2023 11:29 AM] According to a New York court, the former Celsius CEO will remain free on $40-million bail through the legal proceedings.

Celsius seeks court approval to start repaying customers by year-end

[Oct 2, 2023 11:14 PM] The embattled crypto lender is seeking final court approval for a restructuring plan that will start repaying creditors before the end of 2023.

Celsius valuation advisor approves value of debtors’ assets and liabilities

[Sep 28, 2023 3:01 AM] Stout Risius Ross, the valuation advisor for Celsius Network, confirmed the accuracy of the bankrupt firm’s valuation report.

Celsius' Bankruptcy Nears End as Creditors Approve Reorganization Plan

[Sep 26, 2023 12:26 AM] Bankrupt crypto lender Celsius' creditors have voted to approve a plan that would return 67%-85% of holdings back to them.

SEC raises concerns over Coinbase in objection to Celsius restructuring plan

[Sep 25, 2023 12:20 PM] Coinbase CEO Brian Armstrong and chief legal officer Paul Grewal issued a joint statement questioning the SEC’s reasoning in its Sept. 22 objection.

Celsius creditors flag renewed phishing attacks ahead of bankruptcy plan

[Sep 19, 2023 11:45 PM] Creditors of crypto lender Celsius Network have reported receiving a new flood of phishing emails, likely resulting from two data breaches in 2022.