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According to a recent report published on Tuesday, the Israeli-American founder and CEO of Celsius Network, Alex Mashinsky, was in charge of the company’s trading strategy. The report, citing multiple people familiar with the matter, said Mashinsky sold millions of dollars’ worth of bitcoin in anticipation to buy bitcoin cheap. Except after the CEO allegedly … Read more
One person familiar with events at Celsius reportedly said CEO Alex Mashinsky was “slugging around huge chunks of Bitcoin” and ordering trades based on bad information. Go to Source Powered by WPeMatico
The latest findings could brew more trouble for the crypto lender for allegedly misleading and offering wrong details in the court documents. Go to Source Powered by WPeMatico
Takeover rumors and an ongoing short squeeze help CEL price rally but is there enough momentum for more upside? Go to Source Powered by WPeMatico
Cryptocurrency exchange Nuri has filed for insolvency, reportedly becoming Germany’s first fintech to take the step in a challenging year for startups in the industry. Customer access to the platform’s services and their funds will not be affected, the company assured. Crypto Exchange Cites ‘Lasting Strain on Liquidity’ as Reason for Insolvency Filing Berlin-based crypto … Read more
Financial documents of Voyager revealed that they lent nearly $1.6 billion in crypto loans to an entity registered in the British Virgin Islands, the same place Alameda is registered. Go to Source Powered by WPeMatico
The lending firm said clients with U.S. dollars in their accounts could withdraw up to $100,000 in a 24-hour period, with the funds received in 5-10 business days. Go to Source Powered by WPeMatico
The Asian cryptocurrency exchange was impacted by the Celsius and Babel Finance defaults but is working with investors to resolve the situation. Go to Source Powered by WPeMatico
The Fed and FDIC allege that Voyager “made various representations online” that its funds were FDIC insured. Go to Source Powered by WPeMatico
It appears the firm’s fortune took a turn to the worst via its exposure to troubled crypto lending service Babel Finance. Go to Source Powered by WPeMatico
