Martin Glenn News
17.08 / 11:37
business
Court
Bitcoin
For greater good: NY judge allows Celsius to mine, sell Bitcoin
Not even 24 hours after revealing a three-month cash flow forecast that threatens total exhaustion of funds, a New York judge allowed crypto lender Celsius Network to mine and sell Bitcoin (BTC) during its bankruptcy.
16.08 / 13:13
business
Court
Cash
Bankruptcy
Court filings reveal Celsius will run out of money by October
Embattled crypto lender Celsius Network is on track to run out of money by October, according to the firm’s latest Chapter 11 documents.
25.07 / 11:53
Investing
Legal
Customers
Anger, Worry, and Doubt – Celsius Customers ‘Pray’ for the Return of Their Crypto
The Celsius Network (CEL)’s fall from grace has been nothing short of spectacular – and the crypto lender has been amongst the highest-profile casualties of one of the most brutal crypto winters to date.
20.07 / 14:09
Digital
Fighting
Puzzle
Bitcoin
Celsius Case Experts Yet to Understand Cryptos Ruling Under US Bankruptcy Code
Celsius Network's repayment options to creditors suggest either accepting «cash at a discount» or remaining long-term crypto holders, but this is yet to be decided as the crypto lender's bankruptcy case carries on.
19.07 / 13:19
COST
Provident
Digital
Bitcoin
Celsius Says Bitcoin Mining Key to Restructuring Efforts, Repaying Debts
Celsius Network stated that bitcoin mining is the key to the cryptocurrency lender's restructuring efforts as it received approval from a U.S. bankruptcy judge to spend $3.7 million in construction costs at a new bitcoin mining facility.
19.07 / 13:19
cryptocurrency
crypto news
Crypto Lender Celsius Defends Bitcoin Mining Plans Despite Bankruptcy Filing
Crypto lender Celsius defends bitcoin mining plans as bankruptcy kicks off
16.07 / 00:53
business
SEC
Funding
Bankruptcy
Crypto Biz: 3AC’s founders are nowhere to be found
In the world of crypto, there’s no such thing as “too big to fail.” Three Arrows Capital, once the most recognizable hedge fund in the industry, has essentially gone belly-up after its founders believed their own hype and decided to go full-degen mode during the worst macro climate of a generation. Since the proverbial shit hit the fan last month, founders Kyle Davies and Su Zhu have kept a very low profile. So low, in fact, that their whereabouts remain a mystery, according to court documents.
13.07 / 06:09
business
regulation
Court
Liquidators can subpoena 3AC founders despite 'tricky issues' with crypto assets
A United States (U.S.) court has given liquidators permission to subpoena the founders of crypto investment firm Three Arrows Capital (3AC), including Su Zhu and Kyle Davies.
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