Celsius CEO plans to restructure firm to focus on crypto custody: Report

Crypto lending platform Celsius, currently in the middle of bankruptcy proceedings, reportedly plans to rebuild around crypto custody services. According to a Tuesday report from the New York Times, Celsius CEO Alex Mashinsky and head of innovation and chief compliance officer Oren Blonstein aimed to revive the company using a project named Kelvin — storing users’ crypto and charging fees […]

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Kraken's Jesse Powell: Don't Discount Bitcoin

Bitcoin isn’t doing too well as of late. The world’s largest digital currency by market cap has fallen from its November all-time high of approximately $68,000 per unit to the low $20K range at the time of writing, and it doesn’t look like it’s going to pick up steam anytime soon, but according to Jesse Powell – the CEO of […]

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BitGo sues Galaxy Digital for acquisition breach, seeks $100M in damages

Digital asset custodian BitGo has filed a lawsuit against Mike Novogratz’s cryptocurrency investment firm Galaxy Digital for terminating the former’s acquisition. BitGo took to Twitter on Tuesday to disclose details of its lawsuit against Galaxy after the latter terminated the $1.2 billion acquisition deal with BitGo in mid-August. Filed on Monday, the lawsuit seeks more than $100 million in damages, […]

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Celsius Is Allowed to Sell All Its BTC

Crypto lending platform Celsius Network has received permission from the judge overseeing its bankruptcy case to sell all the bitcoin it holds. The company has overcome opposition from unsecured creditors, which helped the court to rule in the company’s favor regarding its crypto assets, though the firm is not allowed to sell any of its stock shares or other assets. […]

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Raoul Pal: XRP Ledger (XRPL) Will Be ‘At the Center’ of the World’s Move to CBDCs

Recently, former Goldman Sachs executive Raoul Pal explained why he isbullish on Ripple and the XRPL Ledger (XRPL). Prior to founding macro economic and investment strategy research service Global Macro Investor (GMI) in 2005, Pal co-managed the GLG Global Macro Fund in London for global asset management firm GLG Partners (which is now called “Man GLG”). Before that, Pal worked at Goldman Sachs, where he […]

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