Good morning and welcome to Protocol Fintech. This Wednesday: Rummaging through the crypto market’s trash and treasure, a mystery at MFT, and Revolut’s big US bet. off the chain Do you want to work at Meta Financial Technologies? Good luck finding a job, literally. Previously, vacancies could be seen in the finance unit under its … Read more
Several cryptocurrency platforms froze withdrawals this summer. Which ones have restored account access to their users? In recent months, several crypto lending companies and other services have suspended withdrawals and frozen customer balances. Those companies began to suffer from low liquidity when Bitcoin prices crashed to levels near $20,000 in June. To regain solvency, each … Read more
When Eric Sullivan first bought crypto, he did it all. Sullivan is from Denver, Colorado, and was attending the University of Denver in the spring of 2020 when he invested all of his earnings from an accounting internship, $20,000, into digital assets, including Bitcoin. , Ethereum and XRP coins. “I had saved a good amount … Read more
San Francisco-based blockchain payments company Ripple Labs Inc, which is involved in a high-profile battle with the US securities regulator, is interested in buying assets from bankrupt crypto lender Celsius Network, according to a spokesperson. of the company. “We are interested in learning about Celsius and its assets, and whether any might be relevant to … Read more
An Irishman at risk of losing his farm. An American who has suicidal thoughts. An 84-year-old widow’s lost life savings: People caught up in the collapse of crypto lender Celsius are begging for their money back. Hundreds of letters have reached the judge overseeing the company’s multimillion-dollar bankruptcy, and they are filled with anger, shame, … Read more
Clients of Failed Crypto Lender Celsius Struggle to Get Their Money Back Justin Tallis text size An Irishman at risk of losing his farm. An American who has suicidal thoughts. An 84-year-old widow’s lost life savings: People caught up in the collapse of crypto lender Celsius are begging for their money back. Hundreds of letters … Read more
An Irishman at risk of losing his farm. An American who has suicidal thoughts. An 84-year-old widow’s lost life savings: People caught up in the collapse of crypto lender Celsius are begging for their money back. Hundreds of letters have reached the judge overseeing the company’s multimillion-dollar bankruptcy, and they are filled with anger, shame, … Read more
Clients of crypto lender Celsius face a long and anxious wait to find out how, when and even if they will get their money back after the company filed for bankruptcy, becoming one of the biggest victims of the crypto markets crash this year. Citing extreme market conditions, Celsius froze withdrawals in June in a … Read more
Celsius Network listed a $1.19 billion deficit on its balance sheet in a bankruptcy court filing Thursday, a day after the cryptocurrency lender filed for Chapter 11. New Jersey-based Celsius froze withdrawals last month, citing “extreme” market conditions, cutting off access to savings for individual investors and causing tremors in the crypto market. In filing … Read more
Bitcoin and Ether prices are not changing rapidly, but the cryptocurrency and NFT sector is. Bitcoin and Ether prices are not changing rapidly, but the cryptocurrency and NFT sector is. Seeking attention Cryptocurrency advocates have been fighting for years to bring their emerging technology into the mainstream. Now the cryptocurrency sector is in the spotlight, … Read more