Celsius to distribute additional $127M from ‘Litigation Recovery Account’
The debtor’s estate for the failed crypto lending platform announced a second payment of $127 million to creditors, but some are still unhappy with the result.
Related Posts
Can artificial intelligence create more jobs?
Artificial intelligence (AI) can increase productivity, boost economic growth, alter existing occupations and generate new ones. Without a doubt, AI will result in some job displacement in the short term, but there are numerous reasons to think that AI will also contribute to creating new jobs and economic growth in the long run. Artificial intelligence…
$4.5T asset manager Fidelity offers ETH custody and trading to clients
According to an email reportedly sent to clients, Fidelity Digital Assets is offering institutional Ethereum capabilities for their clients starting next week. 322 Total views 11 Total shares Fidelity Digital Assets, the crypto wing of $4.5 trillion asset manager Fidelity Investments, is set to offer Ether (ETH) custody and trading services to its institutional clients later…
CME overtakes OKEx as largest Bitcoin futures market
Bitcoin derivatives trading is on the rise as institutional investors flood the market. 2520 Total views 17 Total shares CME Group has become the world’s largest Bitcoin (BTC) futures market following a surge in open interest over the past month, industry data shows. In a Friday tweet, Arcane Research announced that CME had overtaken OKEx as…
Guggenheim says institutional demand not enough to keep BTC above $30K
Guggenheim CIO Scott Minerd has made another bearish prediction for short term Bitcoin prices. 250 Total views 2 Total shares Guggenheim’s Scott Minerd has come out with another gloomy price outlook for Bitcoin stating that there is not enough institutional demand to keep the asset over $30,000.The chief investment officer of the financial services firm…
Crypto Biz: The Voyager Digital auction is over. What now?
Voyager Digital filed for Chapter 11 bankruptcy in July after its exposure to the toxic Three Arrows Capital led to its ultimate downfall. This week, rumblings of a Voyager Digital auction surfaced, with Cointelegraph breaking the story on the afternoon of Sept. 26 after a reputable source confirmed the parties involved. A few hours later,…
Korean fintech giant plans to create 10K Web3 jobs amid bear market
Dunamu would open offices in major cities and create about 500 new startups focused on NFTs and the Metaverse. Dunamu, a major fintech firm in South Korea that operates crypto exchange Upbit and several other blockchain and securities platforms, is planning to invest 500 billion won ($380 million) to create about 10,000 new Web3 jobs…
IOTA completes EU blockchain pre-commercial phase
IOTA completes the final phase of the European Blockchain PCP, setting the stage for scalable, sustainable and secure blockchain infrastructure across the European Union.
WEMIX token plunges 70% after it’s delisted by Korean exchanges
DAXA claimed that the circulating number of WEMIX exceeds what has been disclosed by Wemix, much to the chagrin of the issuers. 255 Total views 8 Total shares South Korea’s largest crypto exchanges have announced they will delist WEMIX (WEMIX) — the native token of gaming company Wemade’s blockchain platform Wemix — alleging the firm…