Page 66 - Celsius Network News Today

To protect themselves, institutional crypto investors are switching to exchanges that offer stronger asset protection, boosting due diligence on trading partners, and executing trades in smaller chunks.

Defunct crypto lender Celsius Network has proposed a joint plan of reorganization for the resolution of its outstanding claims.

(Bloomberg) -- Tether Holdings Ltd. once counted securities issued by Chinese companies among the reserves backing its USDT stablecoin, the world’s largest, documents released by New York’s Attorney General show. Most Read from BloombergAfrica’s Richest City Is Crumbling Under Chaos and CorruptionA Goldman Partner’s Sexually Explicit Video Led to Millions in SettlementCrispin Odey’s One-Week Downfall Was Decades in the MakingSocial Security Benefits Targeted fo...

Cryptocurrency investors are becoming more cautious about working with firms, following losses from sudden collapses of Celsius Network, Voyager Digital, FTX and other exchanges. Also, a regulatory crackdown expected to pressure the remaining companies is raising concerns among the investors. This has encouraged institutional crypto investors to switch to exchanges that offer stronger asset protectionmand boost due diligence on trading partners

Bloomberg has some details on the stablecoin. Highlights include: a “sizeable loan” to the Celsius Network, extensive third party loans, and its banking network which, whew buddy. Tether made loans to parties such as Bitfinex — and lent $5.1 billion at one point, a significant amount of Tether! I wonder how much Tether has cleaned up their act! Perhaps the team will release recent details to — ahahahahaha just kidding. Let’s see what else comes out.

The Texas regulator claims Abra has ties to Binance and Prime Trust, and roughly $70M stuck on Babel, Genesis, and 3AC.

Two South Korea-linked crypto platforms halted withdrawals in the space of 24 hours, a reminder of the ongoing risks in the digital-asset sector following a spate of blowups sparked by a market rout last year.

BlackRock, Inc. filed with the SEC for the iShares Bitcoin Trust. The trust was formed as a Delaware statutory trust on June 8, 2023. The purpose of the trust is to own bitcoin transferred to the trust in exchange for Shares issued by the trust. Each share represents a fractional undivided beneficial interest in the…

Prime Trust subsidiary Banq has filed for Chapter 11 Bankruptcy with the United States District Court for Nevada.

The major crypto exchange said on Thursday it would delist the trading pair if the price fell under 0.005 USDT, which has already happened. Major crypto