Cryptocurrency roundup for February 1: Celsius report reveals dual business practices, BankProv abandons crypto-backed loan, venom ventures fund invests $5 million in Everscale and more

moneycontrol.com:

[content][quote]Market Story[/quote][title]Dogecoin outperforms top 10 coins, experiences significant 8.1% increase[/title][body]On Tuesday, the cryptocurrency market experienced little change with the exception of Dogecoin which saw a notable 8.1% increase.> TradingView reported that Bitcoin dipped 0.3% to $23,117 while Ether also saw a 0.3% decrease, settling at around $1,583. Binance Coin saw a small 1.1% rise, while Cardano's ADA declined by 0.7%.> Meanwhile, Polygon's MATIC experienced a 1.7% increase following a decrease the previous day.> Both Dogecoin and Shiba Inu, two memecoins with a dog theme, saw growth with Dogecoin rising by 8.1% and Shiba Inu by 0.5%.> In the stock market, Silvergate shares climbed 4.5% to around $13 by 10:00 AM, as reported by Nasdaq data.> Other crypto stocks, including Block led by Jack Dorsey, saw a 2.2% rise to trade at around $82, while MicroStrategy rose 2.5%. Coinbase also saw growth with a 1% increase.[/body][/content]

[content][quote]Big Story[/quote][title]Independent examiner report on Celsius uncovers deception and mismanagement[/title][body]Beleaguered cryptocurrency lender Celsius conducted its business in a starkly different manner than how it marketed itself to its customers in every key respect behind the scenes, independent examiner Shoba Pillay informed the U.S Bankruptcy Court for the Southern District of New York on Tuesday.> In her 689-page report filed before the Court, she said Celsius lacked proper asset and liability tracking and that the platform attempted to cover up false statements made publicly by its Chief Executive Officer Alex Mashinsky.> It was found that the comments made by CEO Mashinsky during Q&A sessions with customers were monitored and edited by