Celsius (CEL)
Galaxy Digital All Set To Acquire Custody Platform GK8 From Celsius
Galaxy Digital will be acquiring Celsius Network’s GK8 business. The acquisition was made at $44.1 million. $44 million is 60% lower than what Celsius paid to buy GK8. According to...
Celsius Judge Will Decide Whether Lender Owns Customer Crypto
A federal judge will decide whether Celsius owns customer cryptocurrencies. Celsius asked for permission to sell $18 million of crypto to cover operating expenses. Creditors claim unclarity in the terms...
Crypto Lender Celsius Wins Approval To Extend Exclusivity Periods Till 2023
Crypto lender Celsius wins approval on extension for its Exclusivity Periods till February 2023. The company is also seeking a motion to enable Stablecoin sales. Court approved Celsius’ request to...
Crypto Asset Providers Are Animals: European Central Bank Chair
European Central Bank’s finance head warned regulators against crypto asset providers. The ECB said crypto asset providers are “a huge consumer protection issue”. ECB chair called crypto asset providers “animals...
Celsius Files Another Motion for an ‘Extended Exclusivity Period’
Celsius Network wants more time to work for its reorganization plan. The extension will also allow Celsius to address and resolve crucial legal issues. However, many users have accused the...
Crypto Lender Celsius Is a ‘Ponzi Scheme,’ Lawsuit Alleges
Celsius Network gets sued by the Vermont Department of Financial Regulation. The lawsuit alleges Celsius engaged in many activities that amount to fraud. The lead investigator for the bankruptcy probe...
Celsius U.S. Trustee Objects to Firm’s Employee Bonus Motion
Celsius’s US Trustee objects to retention bonus motion. The trustee claims Celsius must prove the bonuses are reasonable. The hearing for the proposal is set for November 1. A recent...
Celsius is Wasting Money on Lawyers: Declares Crypto Community
The crypto community complains about the legal expenses Celsius is incurring. Recent reports revealed that the bankrupt firm incurred over $3 million in legal fees. A committee of creditors appointed...
Former Celsius Executive Now Director of Asset Policy at JPMorgan
JPMorgan has appointed a new digital assets regulatory policy director, Aaron Lovine. Lovine worked for Celsius as head of policy and regulatory relations for eight months. Top executives of JPMorgan...
CEL’s Price Drops 4+% As Examiner Launches CEL Investigation
Examiner launches investigation into the Celsius network and its team. The price of CEL has fallen 4.57% over the last 24 hours. Investor and trader activity for CEL has become...
Chief Judge May Look To UK Consultation Paper for Celsius Case
Chief Judge Martin Glenn claimed the court may refer to the UK’s “Digital Assets Consultation Paper”. Judge Glenn mentioned that there are no legal principles for crypto cases. The court...
Celsius Receives Formal Request for Testimony from Federal Jury
A recent report hinted that a US federal court issued Celsius a formal summons. Additionally, the SEC, CFTC, and FTC filed inquiries about the company. Celsius states that it is...
Crypto Astrologer Under Fire For Not Disclosing Paid Celsius Deals
Crypto Astrologer Maren Altman is criticized for not disclosing paid deal with Celsius. Reportedly, Altman received $30,000 from the collapsed crypto firm. Altman claims being sponsored isn’t something to hide....
A New Tool Analyzes the Losses After the Celsius Debacle
A new tool was discovered to know the details of the losses after the Celsius debacle. The tool relies upon the document released by the blockchain company recently. Traders who...
Four Ways Celsius’ Doxxed Users Can Protect Themselves from Hacks
Celsius Network exposed its customers’ data before a US court last week. If the data can potentially harm a person, it’s best they legally change their name. Avoiding centralized services...
Key Reasons Why Celsius (CEL) Suddenly Dropped To Intraday Low
The Celsius token has hit an intraday low dropping by 13.26%. CEL’s lawsuit and bankruptcy proceedings contribute heavily to the CEL token’s fluctuation. CEL’s top execs cashed out $42 million...
Celsius’ Top 3 Execs Took $56 Million in Crypto Before Bankruptcy
The top three executives of Celsius withdrew $56.12 million in crypto. The U.S. Trustee’s office recruited an examiner to review Celsius’ failure. Alex Mashinsky was accused of stealing $10m in...
Co-founder Daniel Leon Resigns from Bankrupt Crypto Lender Celsius
Co-founder and chief strategy officer of Celsius, Daniel Leon resigns. Lior Koren the company’s global director to take over the position. Youtuber, Tiffany Fong hints about his resignation to Celsius....
Celsius (CEL) Finally Reverses After its Bearish Month
CEL shows the potential to break the symmetrical triangle and surge more. The token trades below 200MA, and the RSI value is 50.63. CEL bearish prediction is $1.30174. Due to...
Celsius Creditors Subpoena Equities First Regarding $439M
Celsius creditors subpoena Equities First. Celsius’ former CEO shared that Equities First owes Celsius $439 million. In related news, the price of CEL is trading at $1.45. Creditors of Celsius,...
Alex Mashinsky Quits Role as Celsius CEO Amid Bankruptcy
Alex Mashinsky has decided to retire from his position as Celsius CEO. “I am very sorry about the difficult financial circumstances members of our community are facing,” said the leader....
Celsius Investors Claims Bankruptcy Process is Customer-Focused
Two investors at Celsius requested a committee to defend their interests in bankruptcy proceedings. Investors claim the process was all about the customers without regard for equity holders. The motion...
Celsius Network’s Recovery Strategy Involves Issuing Wrapped Tokens
Wrapped assets may be part of Celsius’s strategy for a comeback. The goal is to represent the ratio of how much the firm owes to how much it possesses. Before...
The Price of Cel Down Again Despite Its Recent 30% Surge
Celsius took to Twitter on September 15 to make an announcement. Following the announcement, the price of CEL saw a 30% increase. CEL is currently trading at $1.76 according to...
Celsius Files Request To Liquidate Stablecoin Reserves
Celsius has filed a request to sell its Stablecoin reserves. The proceeds from the sale would fund the firm’s operating expenses. The amount of sale is yet to be decided...
