State Vermont Financial News

19.10 / 17:57

BLOCK CEO Action network Celsius Network attracts Federal investigation- Details you need to know

Crippled crypto lender Celsius Network is reportedly facing a federal investigation in the United States.

03.10 / 05:43

business regulation Bankruptcy Withdrawals DOJ objects to Celsius plans to reopen withdrawals and sell stablecoins

The Department of Justice (DOJ) has submitted an objection to Celsius’ motion to reopen withdrawals for select customers and sell its stablecoin holdings.

30.09 / 15:43

Extreme CEO Southern Celsius: Multiple state regulators move to stop stablecoin sale, details inside

Court filings made by the states of Texas and Vermont have become the latest developments in the Celsius bankruptcy saga.

30.09 / 06:39

business Stablecoin Texas, Vermont regulators object to Celsius stablecoin sale plan

State regulators from Texas and Vermont have filed a motion objecting to embattled crypto lender Celsius’ plans to sell off its stablecoin holdings.

29.09 / 09:07

business SEC security lending Nexo ‘surprised’ by state regulators' actions, says co-founder

Kalin Metodiev, the co-founder and managing partner of crypto lender Nexo stated his firm was “surprised” by the way in which eight state regulators publicly took action against it for securities violations.

28.09 / 05:09

SEC CEO Platform Action Crypto-lender Nexo faces charges from eight U.S states

Switzerland-based crypto-lender Nexo is facing simultaneous enforcement action from eight different U.S states over varying allegations. Actions include cease and desist orders, administrative measures etc.

27.09 / 15:01

regulation Platform Action Nexo Crypto Lender NEXO Faces Cease-and-Desist Order From California

All-in-one cryptocurrency platform Nexo has received a cease-and-desist order in the U.S. state of California.

27.09 / 01:42

Provident regulation Action security California files order against Nexo interest account, says it’s 8th state to take action

The California Department of Financial Protection & Innovation (DFPI) has filed a desist and refrain order against crypto lending platform Nexo as part of its ongoing investigation of companies offering interest-bearing crypto assets accounts. The agency claims it is joining regulators from seven other American states in taking action against the company. The other states involved are Kentucky, New York, Maryland, Oklahoma, South Carolina, Washington and Vermont, according to CNBC.

12.09 / 14:45

Platform Financial Regulators allege Celsius made false claims to investors over firm’s financial health

Vermont regulators alleged that bankrupt crypto platform Celsius Network, through its chief executive, Alex Mashinsky, made false and misleading claims to investors about the firm’s financial health even as it suffered huge losses.

08.09 / 01:09

Law regulation Financial Vermont's financial regulator alleges Celsius and its CEO made 'false and misleading claims'

The Vermont Department of Financial Regulation, or DFR, alleged crypto lending platform Celsius Network and CEO Alex Mashinsky misled state regulators about the firm’s financial health and its compliance with securities laws.

07.09 / 21:59

CEO Bankrupt crypto Regulator says bankrupt crypto lender Celsius misled investors

The Vermont watchdog says that Celsius kept its "massive losses" in the first half of last year from investors, despite laws requiring it to disclose financial statements.The filing cites blogs and tweets from Celsius CEO Alex Mashinsky, including one insisting that "all funds are safe" when in fact, says the filing, "the company was insolvent and depositor funds were not safe".The document also notes a recent creditor meeting in which the company admitted it had never earned enough revenue to support the yields being paid to investors. "This shows a high level of financial mismanagement and also suggests that at least at some points in time, yields to existing investors were probably being paid with the assets of new investors," says the filing.

18.07 / 23:37

Ripple SEC Bitcoin Celsius has finally filed for bankruptcy: Law Decoded, July 18-25

Reducing your initial debt of $820 million to just $0.013 over a month can’t be easy. And, it’s hardly surprising that such a heroic dash has led Celsius to bankruptcy. Last week, the crypto lending platform voluntarily filed petitions for Chapter 11 reorganization after closing off the last of its decentralized finance (DeFi) debts owed to Compound, Aave and Maker.

15.07 / 23:33

Binance defi regulation Finance Redefined: DeFi market fell off the cliff in Q2, but there’s hope

Welcome to Finance Redefined, your weekly dose of key decentralized finance (DeFi) insights, a newsletter crafted to bring you some of the major developments over the last week.

14.07 / 14:35

Ethereum solana ethereum price today Bitcoin Crypto Price Today Live: Bitcoin trades below $20,000; Ethereum, Solana, Shiba Inu gain marginally

Barring the US dollar pegged USD Coin and XRP, all other major crypto tokens were trading in the green, but with limited gains in the last 24 hours. Ethereum, Solana, Shiba Inu and Unus Sed Leo gained a per cent each. The global cryptocurrency market cap was trading lower at the $870.34 billion mark, dropping close to two per cent in the last 24 hours. However, the total cryptocurrency trading volume gained about 4 per cent to $55.52 billion.

14.07 / 03:05

business regulation Bankruptcy BREAKING: Celsius reportedly filing for bankruptcy 'imminently'

Crypto lending platform Celsius has reportedly filed for Chapter 11 bankruptcy, having notified individual U.S. state regulators on Wednesday, July 13.

13.07 / 13:29

BLOCK Digital Platform WSJ Bitcoin Financial Celsius is "Deeply Insolvent", Says Vermont's Financial Regulator

Celsius Network is «deeply insolvent», Vermont's Department of Financial Regulation (DFR) said on Tuesday, adding that the cryptocurrency lender is also not honouring its obligations to customers and creditors as it does not have the assets and liquidity to do so.

13.07 / 12:51

regulation security Interest rates Vermont becomes the sixth US state to launch investigation against Celsius

Vermont's Department of Financial Regulation (DFR) issued a warning against troubled crypto lending firm Celsius on Tuesday, reminding users that the crypto lending firm is not licensed to offer its services in the state.

13.07 / 11:19

Provident Celsius Still in Hotspot Despite Repayments and Is ‘Likely Deeply Insolvent,’ Regulator Claims

Crypto turmoil (yes, you guessed it) continues – and one of its key protagonists, the troubled crypto lender Celsius (CEL) remains…well...troubled.

13.07 / 11:17

cryptocurrency crypto news Crypto Lender Celsius Is "Deeply Insolvent": US State Regulator

US state regulator says it believes crypto lender Celsius is "deeply insolvent"

12.07 / 14:34

NFT regulation copyrights Cointelegraph NFT Copyright U.S. trademark and copyright offices to study IP impact of NFTs

As nonfungible tokens (NFTs) continue to garner interest, the United States Patent and Trademark Office and U.S. Copyright Office are set to launch a study into their impact on intellectual property rights.

19.04 / 17:19

UPS Progressive Extreme Fighting These states are poised to pass personal finance education legislation this year

There's momentum for personal finance education becoming law in many states across the country.

what's happening in state Vermont

What is the current situation in state Vermont?

In state Vermont, the spotlight is on major events that spark public discussion.

Where can I find reliable news about state Vermont?

We publish verified updates about the situation in state Vermont, based on information from regional journalists.

What shapes the media agenda in state Vermont?

The news landscape of state Vermont is shaped by key decisions by local authorities, reflecting its unique context.