Celsius entity to focus only on mining under proposed reorganization plan
The lending firm has been in bankruptcy court since its Chapter 11 filing in 2022, while the SEC filed a lawsuit against both the firm and former CEO Alex Mashinsky in July.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The lending firm has been in bankruptcy court since its Chapter 11 filing in 2022, while the SEC filed a lawsuit against both the firm and former CEO Alex Mashinsky in July.
Why this matters
This mining story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Frax CEO says businesses will drive next wave of stablecoin adoption as firm tests lending product
Frax CEO Sam Kazemian outlines plans for receivables financing, business payments and stablecoin lending through FraxNet. The post...
22 Companies Block OKXICE Tokenized Stocks, Putting 63-Share Crypto Plan Under Pressure
Key Takeaways: A total of twenty-two companies have declined to accept tokenization of their shares on the pending OKXICE. Among t...
Tether’s mining development kit gets backing from 15 mining firms
Tether's MDK initiative could revolutionize Bitcoin mining by fostering interoperability and automation, potentially reshaping ind...
Bitcoin Hashrate Reclaims One Zettahash As Mining Competition Rebounds
TL;DR: BlocksBridge reported Bitcoin’s seven-day hashrate above one zettahash in the week to October 22. Mining competition has re...
CMCC Global Plans Tokenized Bitcoin Funds With Tether And Bitfinex Securities
TL;DR: CMCC Global is bringing two existing fund strategies into tokenized securities issued through Tether’s Hadron infrastructur...
FCA Proposes Crypto Crime Guidance On Wallet Checks And Blockchain Analytics
TL;DR: The FCA is consulting on updated financial crime guidance for crypto businesses, including customer checks, blockchain anal...