PYMNTS-MonitorEdge-May-2024

Celsius

JPMorgan Taps Former Celsius Exec to Lead Digital Assets Despite Dimon Diss
JPMorgan Taps Former Celsius Exec to Lead Digital Assets Despite Dimon Diss
October 19, 2022  |  Personnel

A former executive at bankrupt crypto lender Celsius is joining JPMorgan Chase & Co. as the new head of digital assets regulatory policy, just weeks...

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Today in Crypto: Former Celsius Execs Withdrew $17M Before Company Filed Chapter 11; Citi Ventures Invests in Digital Asset Management Startup xalts
Today in Crypto: Former Celsius Execs Withdrew $17M Before Company Filed Chapter 11; Citi Ventures...
October 06, 2022  |  Cryptocurrency

Two Celsius officials withdrew $42 million in cryptocurrency before the company froze withdrawals and filed for bankruptcy, Coindesk wrote. Former CEO Alex Mashinsky and CSO...

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Today in Crypto: PGA Inks Partnership With Tom Brady’s NFT Marketplace Autograph
Today in Crypto: PGA Inks Partnership With Tom Brady’s NFT Marketplace Autograph
September 19, 2022  |  Cryptocurrency

As cryptocurrencies slid Monday, bitcoin hit a three-month low, Bloomberg wrote. The sentiment took a hit because of a spate of financial tightening that will...

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Today in Crypto: Coinbase Could Earn $1.2B From Higher Interest, Analyst Says
Today in Crypto: Coinbase Could Earn $1.2B From Higher Interest, Analyst Says
September 18, 2022  |  Cryptocurrency

Celsius, the cryptocurrency lender that filed in July to reorganize under Chapter 11 of the federal bankruptcy code, on September 16 asked a court for...

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Today in Crypto: SEC’s Gensler Says Crypto Intermediaries Should Register; Brazil Tops 1M Registered Crypto Users
Today in Crypto: SEC’s Gensler Says Crypto Intermediaries Should Register; Brazil Tops 1M Registered Crypto...
September 08, 2022  |  Cryptocurrency

Some Celsius Network borrowers want a bankruptcy court to get an independent examiner to look into the lender’s financials – though not one working for...

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Today in Crypto: Celsius Can Operate Through 2022, CFO Says; ‘Pig Butchering’ Scammers Fatten Up Victims
Today in Crypto: Celsius Can Operate Through 2022, CFO Says; ‘Pig Butchering’ Scammers Fatten Up...
August 21, 2022  |  Cryptocurrency

Stocks related to crypto were down Friday (Aug. 19), with bitcoin losing momentum and falling below $22,000 due to bigger fears in the economy. In...

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Crypto Exchange CoinFlex Seeks Restructuring, Cuts Staff, Costs up to 60%
Crypto Exchange CoinFlex Seeks Restructuring, Cuts Staff, Costs up to 60%
August 09, 2022  |  Cryptocurrency

CoinFLEX has announced its plans for restructuring in the wake of legal troubles, halted withdrawals and money losses, a company blog post said. The company...

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Singapore-Based Crypto Lender Freezes Withdrawals as Stablecoin Contagion Grows
Singapore-Based Crypto Lender Freezes Withdrawals as Stablecoin Contagion Grows
August 08, 2022  |  Cryptocurrency

Yet another crypto lender announced that it has frozen withdrawals, leaving customers potentially facing steep losses. While details are scant, the Singapore-based lending platform Hodlnaut...

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Celsius Network Crash Leaves Customers Struggling Without Funds
Celsius Network Crash Leaves Customers Struggling Without Funds
July 31, 2022  |  Cryptocurrency

Crypto lending is going sour for many investors who are now seeing very real risks play out as companies like Celsius go under, leaving withdrawals...

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