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Singapore-based Zipmex halts customer withdrawals
... conditions, and the resulting financial difficulties of our key business partners, we will be allowing withdrawals until further notice, according to Zipmex . One of the main factors was financial contagion, due to its exposure to Babel Finance and Celsius Network , a beleaguered criptocurrency lender that is undergoing financial restructuring after filing for Chapter 11 bankruptcy. Customer security was the number one priority for the company, as it said that trading on its platform would be disabled until ...
Updated: 07/27/2022
SEC chief says crypto lending companies are getting registered
... forcryptocurrencies has increased since May due to the recent spells of volatility that have long-alarmed watchdogs. There have been a sluggish lending of cryptocurrencies in the past few weeks due to the slumping prices. There is a bankruptcy filing by Celsius Networks . BlockFi has the option to buy BlockFi for up to $240 million, according to a deal with FTX . The companies that are exposed to cryptocurrencies have warned that declines in token prices could have ripple effects, including by triggering ...
Updated: 07/25/2022
Two lawsuits against Terraform Labs filed in California
... July 24 in the state of California. A class action lawsuit brought against TerraForm Labs and its CEO, Do Kwon , was filed by Bragar Eagel Squire, P.C. On July 24 in the state of California. Bragar Eagel Squire, P.C. A class action lawsuit against Celsius Network, Alexander Mashinksy , and other firms and individuals connected to the lender was slapped on July 24 in the state of New Jersey. The lawsuit was filed on behalf of investors who purchased Terra tokens like UST, LUNA , MIR , and others between ...
Updated: 07/25/2022
As heat bites, people urged to take extra care
HONG KONG With encamp sweeping swathes of southern Europe, warnings were raised that the fight against climate change needed to be stepped up. In Britain the mercury reached 36.1 degrees Celsius on Sunday, the highest July day since records began in 1884, and Hong Kong HONG KONG With wildfires sweeping swathes of southern Europe, warnings were raised that the fight against climate change needed to be stepped up. In Britain the mercury ...
Updated: 07/25/2022
Fire on Greek island of Dadia near Vatera is extinguished
... day. Dadia National Park is located in the northeastern border region of Evros, belongs to Natura 2000, the European Union's network of core breeding and resting sites for rare and threatened species. It is home to the only black vulture colony in the ... ... duty to protect this precious ecosystem. Greece is experiencing a prolonged heat wave with temperatures expected to reach 43 Celsius 109 degrees Fahrenheit and many parts of the country are under fire alert.
Updated: 07/24/2022
SEC chief says regulators are working to get some crypto trading firms proper
... criptocurrencies has intensified again due to the recent spells of volatility that have been attributed to the long-alarmed watchdogs. Several of the major financial institutions have stumbled in recent weeks due to a slump in prices of digital currency. Celsius Networks has filed for bankruptcy. The BlockFi deal with FTX gives the exchange the option to buy BlockFi for up to $240 million. Previously, companies that are exposed to cryptocurrencies warned that declines in token prices could have ripple effects,...
Updated: 07/24/2022
Celsius says bitcoin mining key to its bankruptcy efforts
... company's restructuring efforts at a US bankruptcy court hearing on Monday in Manhattan. The company said thatBitcoin Mining is a key to the company's restructuring efforts at a US bankruptcy court hearing on Monday in Manhattan. New Jersey-based Celsius received approval from U.S. Bankruptcy Judge Martin Glenn to spend $3.7 million on construction costs at a new bitcoin mining facility and $1.5 million on customs and duties on imported bitcoin mining rigs. Patrick Nash , a lawyer for Celsius ...
Updated: 07/24/2022
Singapore-based crypto exchange Zipmex suspends transactions due to volatile market conditions
... conditions, and the resulting financial difficulties of our key business partners, we will be suspending withdrawals until further notice, according to Zipmex . One of the main factors was financial contagion, due to its exposure to Babel Finance and Celsius Network , a beleaguered criptocurrency lender that has recently filed for Chapter 11 bankruptcy. Customer security was the number one priority of the company, as it said that trading on its platform would be disabled until further notice. In the last ...
Updated: 07/24/2022
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