The cryptocurrency lending platform Celsius Network has announced its plan to unstake its Ethereum holdings as part of its asset preparation process. The move is aimed at unlocking ETH to ensure timely distributions to creditors. Celsius has benefited from the rewards generated by staking its substantial Ethereum holdings, which have helped cover legal fees during […]
Celsius Network, a cryptocurrency lender, has announced plans to unstake its Ethereum (ETH) holdings in order to distribute assets to creditors. The company will carry out a significant unstaking event in the coming days to offset costs incurred during the restructuring process. This move comes after Celsius Network faced a liquidity crisis in July 2022, […]
The bankrupt crypto lender, Celsius, has announced that it will be recalling and rebalancing its assets as part of its restructuring process. This includes unstaking nearly $470 million worth of Ether (ETH) in order to ensure liquidity and offset expenses.Celsius stated that the staked ETH has provided valuable staking rewards income to the estate, and […]
Swiss banking giant UBS is making significant moves to strengthen its position in the Middle East. The bank has appointed a new management team for its investment banking division in the region, signaling its ambitions for expansion. Additionally, UBS has hired a veteran from Deutsche Bank for its wealth management division, further indicating its commitment […]
Swiss banking giant UBS is making significant moves to strengthen its position in the Middle East. The bank has appointed a new management team for its investment banking division in the region, signaling its ambitions for expansion. Additionally, UBS has hired a veteran from Deutsche Bank for its wealth management division, further indicating its commitment […]
Embattled crypto lending platform Celsius has announced that it is recalling and rebalancing its crypto assets, including Ether (ETH), in preparation for distributing funds to creditors. The company, which has been in bankruptcy court since filing for Chapter 11 in July 2022, is shifting assets to ensure ample liquidity for the distribution process.Celsius plans to […]
For the second consecutive year, banks worldwide have generated more revenue from financing environmentally friendly projects than from traditional fossil fuel businesses. In 2023, the largest banks globally saw their revenue from financing green projects surpass that from the traditionally dominant fossil fuel sector.According to Bloomberg, leading lenders generated around $3 billion from green loans […]
Embattled crypto lending platform Celsius is taking steps to recall and rebalance its crypto assets, specifically Ethereum (ETH), in order to distribute funds to creditors. The company, which filed for Chapter 11 bankruptcy in 2022, has begun the process of unstaking 206,300 ETH, valued at $468.5 million, to cover restructuring costs and facilitate creditor repayments.While […]
Goldman Sachs, a prominent investment bank on Wall Street, is expected to play a significant role in the introduction of bitcoin exchange-traded funds (ETFs) by BlackRock and Grayscale in the United States. According to anonymous sources familiar with the matter, the company is in discussions to become an authorized participant (AP) for these ETFs. Being […]
Banking giant Goldman Sachs is reportedly positioning itself to become an authorized participant (AP) for Bitcoin exchange-traded funds (ETFs) introduced by BlackRock and Grayscale. These ETFs are awaiting approval from the US Securities and Exchange Commission (SEC) and would require authorized participants to facilitate the creation and redemption of ETF shares. Goldman Sachs aims to […]
