Page 99 - Celsius Network News Today

(Reuters) - New Yorks chief financial regulator is set to release new guidance on Monday dictating that companies separate customers crypto assets from their own, after alleged co-mingling of funds at collapsed crypto exchange FTX and its affiliated trading firm Alameda Research led to billions of dollars in losses for customers.

A lawyer for the bankrupt Genesis Global Capital said on Monday that the cryptocurrency lender had some confidence it could resolve its disputes with creditors this week, with a goal of emerging... | January 23, 2023

The cryptocurrency market has flipped from doom and gloom to a bull run in a matter of three weeks. While 2023 has been exhilarating, platforms that e

Current and potential cryptocurrency investors should be aware that the Southern District of New York SDNY recently ruled that holders of cryptocurrency investments with the now-bankrupt cryptocurrency lending company Celsius Network LLC are not the true owners of these assets.

The crypto lender Genesis Global Holdco LLC is aiming for a relatively quick exit from bankruptcy court after collapsing under the force of a prolonged selloff in digital assets.

Court documents show that Genesis Global Capital owes more than $3 billion to its top 50 creditors.

Genesis was caught in the fallout of the collapse of FTX, the crypto exchange founded by Sam Bankman-Fried.

Crypto lender Genesis files for Chapter 11 bankruptcy - SiliconANGLE

Throughout the latter half of 2022, filing for bankruptcy became a reality for many high-profile crypto firms. The resurgence of “crypto winter” has brought many crypto-related entities...

Thiel was predicting a 100-fold price surge for bitcoin around the same time Founders Fund cashed out its crypto positions, according to the Financial Times.