Celsius Network, a cryptocurrency lender, has announced plans to unstake its Ethereum (ETH) holdings in order to distribute assets to creditors. The company will carry out a significant unstaking event in the coming days to offset costs incurred during the restructuring process. This move comes after Celsius Network faced a liquidity crisis in July 2022, […]
The bankrupt crypto lender, Celsius, has announced that it will be recalling and rebalancing its assets as part of its restructuring process. This includes unstaking nearly $470 million worth of Ether (ETH) in order to ensure liquidity and offset expenses.Celsius stated that the staked ETH has provided valuable staking rewards income to the estate, and […]
Speculation is running high on social media that the U.S. Securities and Exchange Commission (SEC) is on the verge of approving a spot Bitcoin exchange-traded fund (ETF). This speculation has been fueled by a tweet from Grayscale’s legal chief and a tweet from a TechCrunch reporter citing sources close to the matter. While some analysts […]
Embattled crypto lending platform Celsius has announced that it is recalling and rebalancing its crypto assets, including Ether (ETH), in preparation for distributing funds to creditors. The company, which has been in bankruptcy court since filing for Chapter 11 in July 2022, is shifting assets to ensure ample liquidity for the distribution process.Celsius plans to […]
The Central Bank of Nigeria (CBN) has given approval to the Africa Stablecoin Consortium (ASC) to pilot the cNGN stablecoin in its regulatory sandbox. The cNGN stablecoin, developed by a collaboration of Nigerian banks and fintech operators, is set to launch on February 27, 2024.The Africa Stablecoin Consortium has stated that the cNGN stablecoin complies […]
Embattled crypto lending platform Celsius is taking steps to recall and rebalance its crypto assets, specifically Ethereum (ETH), in order to distribute funds to creditors. The company, which filed for Chapter 11 bankruptcy in 2022, has begun the process of unstaking 206,300 ETH, valued at $468.5 million, to cover restructuring costs and facilitate creditor repayments.While […]
Riema Labs, a leading player in the Bitcoin ecosystem, has successfully concluded its angel investment round, securing crucial funding for the launch of its groundbreaking product. This product, called Nubit, introduces a revolutionary data availability layer specifically designed for Bitcoin transactions. By leveraging this innovative technology, Riema Labs aims to significantly reduce the cost of […]
Investment firm Tuttle Capital has made a bold move in the crypto space by filing for six leveraged Bitcoin Exchange-Traded Funds (ETFs) with the SEC. These ETFs aim to provide users with magnified returns, seeking daily inverse or leveraged investment results ranging from 150% to 200%. The proposed ETFs consist of long and inverse leveraged […]
Goldman Sachs, a prominent investment bank on Wall Street, is expected to play a significant role in the introduction of bitcoin exchange-traded funds (ETFs) by BlackRock and Grayscale in the United States. According to anonymous sources familiar with the matter, the company is in discussions to become an authorized participant (AP) for these ETFs. Being […]
Banking giant Goldman Sachs is reportedly positioning itself to become an authorized participant (AP) for Bitcoin exchange-traded funds (ETFs) introduced by BlackRock and Grayscale. These ETFs are awaiting approval from the US Securities and Exchange Commission (SEC) and would require authorized participants to facilitate the creation and redemption of ETF shares. Goldman Sachs aims to […]
