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Defunct crypto lender Celsius Network is looking to combine its United Kingdom and United States entities as new court filings allege that any supposed distinction between the two companies was a “sham.”The central point of dispute is focused on a decision made by the crypto lender in June 2021, when
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Regular customers, misled by management, didn’t understand the implications of this transfer – but more sophisticated Series B investors were well aware of deficient record keeping, the filing added, arguing that the two entities should be treated as one for bankruptcy purposes. Original Source
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“If I go out on the street now and ask, 'Hey, what is 100 terawatt hours? What is six gigawatt hours?' people don't know,” said Neumüller in an interview with CoinDesk. “So we have tried to contextualized it in the form of pictures, specifically with the buildings and, of course,
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A new deal sees the WWE and UFC merge under the same umbrella for all-round combat sports offerings subject to regulatory approval. The World Wrestling Entertainment (WWE) has agreed to merge with the Ultimate Fighting Championship (UFC) to form a publicly-traded combat sports company. According to reports, the new company will be
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WNDR shares have surged following the announcement, currently up 43.75% at 0.23 Canadian dollars on the day. Source
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Vancouver-based cryptocurrency mining firm Hive Blockchain Technologies Ltd. reported bigger losses in its latest quarterly earnings report published Tuesday, mainly due to Ethereum’s Merge and lower Bitcoin prices. See related article: Bitcoin mining difficulty dips 0.5% over two weeks after hitting record highFast factsIn the quarter that ended on Dec. 31,
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The Canadian miner is launching its high-performance computing cloud business, which is 25 more profitable than mining. Source
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With the recent Solana (SOL) price pump a staggering $5.86 million worth of Solana futures positions was liquidated over the last 24 hours. Solana bulls are clearly in action once again as SOL price has jumped by 12% in the last 24 hours and is currently trading at $26.4 with
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According to an Orbit Markets analyst, the upcoming Ethereum Shanghai upgrade could bring sustained Ether price volatility. Reports suggest that the upcoming Ethereum Shanghai upgrade could induce Ether (ETH) price volatility in a way the Merge could not. According to institutional liquidity provider OrBit Markets, the Shanghai upgrade would facilitate withdrawals of over 16.5
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Ether's price dropped 10% to $1,472 on the day of the Merge, but volatility quickly faded, with prices trading in a narrow range of $1,300 to $1,400 during the following four weeks. Ether's 30-day realized volatility fell from an annualized 85% to nearly 60% in the four weeks following the
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