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US state regulator says it believes crypto lender Celsius is 'deeply insolvent':Vermont's Department of Financial Regulation (DFR) on Tuesday said it believes cryptocurrency lender Celsius Network is 'deeply insolvent' and does not have the assets and liquidity to honor its obligations to customers and other creditors.The crypto lender has been involved in an unregistered securities off
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US state regulator says it believes crypto lender Celsius is 'deeply insolvent':Vermont's Department of Financial Regulation (DFR) on Tuesday said it believes cryptocurrency lender Celsius Network is 'deeply insolvent' and does not have the assets and liquidity to honor its obligations to customers and other creditors.The crypto lender has been involved in an unregistered securities off
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US Treasury seeks input on cryptocurrency risks, benefits:The U.S. Treasury on Tuesday said it was seeking comment on the on the risks and opportunities posed by digital assets as it seeks to prepare a report for President Joe Biden on the implications of developments such as cryptocurrencies. The official query builds on an executive order Biden signed in March, w
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Three Arrows liquidators win power to subpoena absent foundersThree Arrows Capital liquidators won permission to subpoena founders Kyle Davies and Zhu Su — whose whereabouts remain unknown — along with banks and digital asset exchanges tied to the cryptocurrency hedge fund.
Source: YahooSG - 🏆 3. / 71 Read more »