Cryptocurrency Analysis and News Portal
Holders of Aave, the token that underpins its namesake's decentralized finance (DeFi) protocol, are taking part in a governance vote that will decide whether 1,600 ether (ETH) in the protocol's treasury will be converted to wrapped staked ether (wstETH) and rocket pool ether (rETH). Source
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bankrupt crypto lender Celsius Network has been granted permission to convert its altcoin holdings into bitcoin (BTC) and ethereum (ETH). The move will allow the company to distribute funds to its creditors in the two most
Read More
The United States Bankruptcy Court for the Southern District of New York has approved bankrupt crypto lender Celsius Network’s plan to convert its altcoins into Bitcoin (BTC) and Ether (ETH).The order was issued by Judge Martin Glenn, and the liquidations will pave the way for the distribution of the funds to
Read More
Celsius “may sell or convert any non-BTC and non-ETH cryptocurrency, crypto tokens, or other cryptocurrency assets other than such tokens that are associated with Withhold or Custody accounts … to BTC or ETH commencing on or after July 1, 2023,” Glenn’s ruling said. Source
Read More
Defunct crypto lender Celsius has revised its bankruptcy filing, awaiting approval from a bankruptcy court in New York after a successful acquisition deal with the Fahrenheit crypto consortium. The crypto lender filed its reorganization plan on June 15.Under the revised plan, Celsius will convert all altcoins from customers, with the exception
Read More
Bitcoin (BTC) software firm Lightning Labs and blockchain startup Tari Labs have agreed to convert a court-ordered temporary restraining order that halts the development of Lightning's Taro protocol.In a March 15 filing, lawyers for both Lightning and Tari proposed converting the restraining order to a preliminary injunction — a temporary
Read More
Binance tapped into its Industry Recovery Initiative funds to cover the move. Original Source
Read More
Eco will use digital settlement-service platform Zero Hash to custody the stablecoins. Original Source
Read More
The Kenyan central bank governor Patrick Njoroge has described as “craziness” the calls to convert Kenya’s reserves into bitcoin. He added that he would have to be out of his mind before agreeing to this. Njoroge argued that cryptocurrencies like bitcoin are not only volatile, but are hardly solving any
Read More
The action effectively removes the world's second biggest stablecoin USDC, with a market cap of nearly $52 billion (compared to USDT's $67.5 billion) as a tradeable asset on Binance's platform. The move is also a blow to Circle Internet Financial, the issuer of USDC. Source
Read More