Celsius Network Archives

Digital asset regulation is incomplete, CFTC commissioner says

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21 July, 2023

Digital asset regulation is incomplete, CFTC commissioner says

Commissioner Kristin Johnson praises the CFTC's efforts to regulate the digital asset sector but stopped short by saying that current...

Former Celsius CEO Alex Mashinsky arrested and charged with fraud

Business

James Field

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14 July, 2023

Former Celsius CEO Alex Mashinsky arrested and charged with fraud

Former Celsius CEO Alex Mashinsky and former CRO Roni Cohen-Pavon face charges of conspiracy, securities fraud, market manipulation, and wire...

CFTC concludes that Celsius and former CEO broke US rules

Business

James Field

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7 July, 2023

CFTC concludes that Celsius and former CEO broke US rules

A report appeared on July 5 claiming investigators at the CFTC have concluded that bankrupt digital asset lender Celsius Network...

Wyre is the next digital currency company to shut down

Business

Gavin Lucas

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22 June, 2023

Wyre is the next digital currency company to shut down

Withdrawals in Wyre will be available until July 14, after which there will be a recovery process for the digital...

IMF reminds policymakers of need for tighter digital currency regulations

Business

Wahid Pessarlay

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15 April, 2023

IMF reminds policymakers of need for tighter digital currency regulations

The IMF insists that stringent laws and heightened monitoring of the digital asset market are crucial to prevent the recurrence...

P2P marketplace Paxful cites regulatory pressure as it suspends services

Business

Jon Southurst

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5 April, 2023

P2P marketplace Paxful cites regulatory pressure as it suspends services

Celsius bankruptcy and an ongoing legal dispute between Paxful's co-founders likely also played a part in the P2P marketplace shutdown.

Celsius bankruptcy judge authorizes discount sale of Bitmain coupons

Business

James Field

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21 February, 2023

Celsius bankruptcy judge authorizes discount sale of Bitmain coupons

Following a ruling, Celsius debtors have been permitted to sell their Bitmain coupons, which offer mining rig buyers up to...

US gov’t, creditors oppose Celsius’ proposed restructuring extension

Business

Steve Kaaru

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14 February, 2023

US gov’t, creditors oppose Celsius’ proposed restructuring extension

The U.S. Trustee, unsecured creditors, and an ad hoc group of borrowers all filed objections against the extension, saying Celsius...

Tether claims $700M ‘profit’ in Q4, won’t say how

Business

Steven Stradbrooke

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13 February, 2023

Tether claims $700M ‘profit’ in Q4, won’t say how

Tether CTO Paolo Ardoino gave an interview in which he celebrated Tether's ability to redeem $7 billion—10% of its alleged...

Celsius tosses scraps to victims, Alex Mashinsky thought himself infallible

Business

Steven Stradbrooke

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2 February, 2023

Celsius tosses scraps to victims, Alex Mashinsky thought himself infallible

Jenner & Block attorney Shoba Pillay, the bankruptcy court-appointed examiner of the collapsed Celsius crypto lending platform, released a 689-page...

Celsius customers’ claims over assets in Earn accounts dismissed in New York

Business

Steve Kaaru

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30 January, 2023

Celsius customers’ claims over assets in Earn accounts dismissed in New York

Three clients had filed a motion seeking to be declared legal owners of assets on Earn accounts, but the judge...

‘Segregate customer assets,’ New York financial regulator warns

Business

Jordan Atkins

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24 January, 2023

‘Segregate customer assets,’ New York financial regulator warns

Under the latest New York Department of Financial Services guidance, custodians are required to "separately account for and segregate customer...

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