Celsius Allows Withdrawals of Funds for Custody Program Customers
James DavisFor the first time since filing for bankruptcy, Celsius allows users with funds in their custody program account to withdraw…
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Global Banks See Reduced Exposure To Crypto By 44% In 2022 – BIS
George WardSome banks worldwide have lowered their exposure to certain crypto assets by 43.6% over the last 12 months, according to…
Germany’s DZ Bank Partners with Metaco for Digital Asset Custody Services
Michael ScottDZ Bank announced partnering with Metaco to utilize the latter's custody services for the digital asset. The announcement by the…
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25% Of New Crypto In 2022 Were “Pump And Dumps” – Chainalysis
The latest study by on-chain data platform, Chainalysis shows that in 2022, scammers transacted approximately $4.6 billion worth of cryptocurrency.…
Crypto Lender Celsius Network Accepts NovaWulf as the Sale Plan Sponsor
The embattled crypto lender Celsius Network has closed the buyout deal with the New York-based digital asset manager NovaWulf. A…
Celsius’ Proposal to Extend Restructuring Plan Rejected by Creditors and US Government
The efforts to transform the bankrupt Celsius into the recovery phase would wait longer. Recent legal filings revealed that the…
Swiss Crypto Firm Metaco Recruits Former IBM Executives for Institutional Expansion
Swiss crypto tech firm Metaco announced successfully hiring Peter DeMeo, who previously headed products. Metaco revealed that DeMeo would leverage…
Celsius Diverted Customer Funds to Settle Withdrawals
The completion of the Celsius examination by Shoba Pillay reveals the crypto lender misled investors. The independent examination ordered by…
BlockFi Receives Court Approval To Pay $10M Bonus To Staff
Michael Kaplan, the judge of New Jersey's bankruptcy court, has greenlighted BlockFi's request to pay its workers over $10 million…
Hut 8 Mining Sues North Bay Power Supplier for Breach of Contract
The American-based Bitcoin miner Hut 8 confirmed on January 26 filing a Statement of Claim before the Supreme Court in…
Celsius Network Granted Court Approval to Process Customer Withdrawals and Issue Flare Tokens
The embattled crypto lender Celsius Network announced securing court approval authorizing it to process identified customer withdrawals. In particular, Judge…
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BlockFi To Sell $160M In Mining Equipment-Backed Loans
According to reports, BlockFi wants to sell $160 million in loans supported by approximately 68,000 BTC mining machines amid its…
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Crypto Companies’ Employee Lay Offs Continue This Year – Report
As the crypto bear market continues and the industry has massive meltdowns that threaten its outlook, crypto enterprises are again…
Thailand’s SEC Introduces New Rules For Crypto Custody Providers
The Thailand Securities and Exchange Commission (SEC) is gearing up efforts to protect crypto investors by releasing new guidelines for…