Cryptocoins News / CoinJournal - 4 months ago
Hut 8 says it will manage mining operations for MiningCo at five sites under a four-year contract.
The digital asset miner will oversee 122,000 miners with 12 EH/s of computing capacity and over 300 MW of energy.
The announcement follows the US bank...
Cryptocoins News / CoinJournal - 4 months ago
The US Bankruptcy Court for the Southern District of New York approved Celsius Network’s restructuring plans for bitcoin mining on Wednesday.
Celsius filed for Chapter 11 bankruptcy protection in July 2022.
A US bankruptcy court has approved...
Bitcoin News / Bitcoinist - 4 months ago
A recent report has revealed that bankrupt cryptocurrency company, Celsius Network and FTX has transferred a sizeable amount of Ethereum (ETH) from their holdings to centralized exchanges.
Whale Ethereum (ETH) Transfers From Celsius And FTX
Accordin...
Bitcoin News / Bitcoinist - 5 months ago
Crypto lender Celsius Network may be required to seek a new creditor vote on its proposed transition into a Bitcoin (BTC) mining business, according to a Reuters report.
Celsius Network Faces Potential Pushback
Last week, Celsius Network announced i...
Cryptocoins News / The Cointelegraph - 5 months ago
Judge Martin Glenn reportedly said that the firm’s proposed transformation into a Bitcoin mining business deviates significantly from the deal cre...
Cryptocoins News / The Cointelegraph - 5 months ago
Eligible participants can withdraw 72.5% of their cryptocurrency holdings minus transaction fees. Bankrupt cryptocurrency lend...
Bitcoin News / Bitcoin.com - 5 months ago
The now-inoperative crypto lending firm Celsius has announced the opening of withdrawals for select “Eligible Custody Users,” as declared in a recent statement on Wednesday. These custody account holders now have the opportunity to withdr...
by COINS NEWS - 5 months ago
Ever since it was announced it seems like the majority of the attention has been on the fact that CZ was stepping down from Binance and not the fact that Binance has to pay $4.3B in fines.... and that this doesn't even cover the SEC lawsuit again...
Cryptocoins News / Blockchain - 5 months ago
Celsius Network, following bankruptcy court approval, is transitioning to a Bitcoin mining-focused entity to address regulatory challenges from the SEC. (Read More)
Cryptocoins News / The Cointelegraph - 5 months ago
The lending firm has been in bankruptcy court since its Chapter 11 filing in 2022, while the SEC filed a lawsuit against both the firm and former CEO Alex Mashinsky in July....