Celsius Reportedly Seeks Legal Advice For Restructuring
A report has it that Celsius onboarded attorneys to discover possible answers to the current financial issues that the company is facing. Celsius Network (CEL) has hired restructuring lawyers from Akin Gump Strauss Hauer & Feld to investigate potential remedies to the company’s financial issues. Apart from attempting to fix its current challenges, the company […]
Bitcoin Is The ‘Amazon Of Crypto’ – Blocktower Founder Ari Paul Says
Paul contends that Bitcoin has “much better odds” than other cryptocurrencies because it does not have a product to compete with. Ari Paul, the founder of blockchain investment firm Blocktower Capital, commented on the bear market, comparing it to the tech crash of 2000. Paul compares Bitcoin (BTC) to Amazon, one of the corporations that […]
Tether Plans To Reduce Commercial Paper Backing Of USDT To Zero
By the end of June 2022, Tether plans to lower USDT’s commercial paper backing to $8.4 billion, and then remove it entirely. Tether, a popular stablecoin firm, hopes to someday eliminate commercial paper backing for its US dollar-based stablecoin Tether (USDT). Tether issued an official statement on Wednesday denying claims that its commercial paper portfolio […]
Opensea Bolsters Security To Prevent NFT Scams And Fraud
Opensea rolls out features to hide suspicious NFT transfers as NFT trading volume decreases in the marketplace. On Tuesday, the largest NFT marketplace, OpenSea, announced the implementation of a new tool to combat the growing amount of NFT scams, fraud, and hacking on OpenSea. To address core trust and safety issues on OpenSea, the new […]
Exodus Is Committed To Pay Staff Salaries In Bitcoin – Exodus CEO Says
CEO JP Richardson revealed that since the launch of Exodus’ software wallet in 2015, the company has paid its entire workforce in Bitcoin. Despite the continuing bear market, Exodus continues to pay its staff in Bitcoin (BTC), despite the whole market cap falling below $1 trillion on Monday. Exodus has paid its employees entirely in […]