📰 Celsius Pauses Customer Operations

📝 The crypto lender Celsius announced that it is pausing customer withdrawals, transfers, and swaps. This was done to stabilize liquidity, so that the lender can honor its withdrawal obligations in the future.

Celsius’ CEL token quickly plummeted by 70%. It now amounts to $0.15, according to CoinMarketCap. However, Celsius’ customers will keep accruing rewards despite…

🏷️ #blockfi #celsius #Lending

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📰 BlockFi and Crypto.com Forced to Layoff Employees

📝 Yesterday, we reported that the crypto lender Celsius has paused all customer operations for the time being due to adverse market conditions. Now, we bring the news of one of Celsius’ biggest competitors, BlockFi, cutting its staff by roughly 20%. BlockFi’s explanation for the layoffs also blames the market conditions throughout the crypto industry, whose…

🏷️ #blockfi #crypto_com #layoffs

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📰 BlockFi and Crypto.com Forced to Layoff Employees

📝 Yesterday, we reported that the crypto lender Celsius has paused all customer operations for the time being due to adverse market conditions. Now, we bring the news of one of Celsius’ biggest competitors, BlockFi, cutting its staff by roughly 20%. BlockFi’s explanation for the layoffs also blames the market conditions throughout the crypto industry, whose…

🏷️ #blockfi #crypto_com #layoffs

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📰 BlockFi sues SBF over Robinhood shares

📝 Now bankrupt crypto lender BlockFi filed a suit over Robinhood stocks bought by former FTX CEO Sam Bankman-Fried, citing it was pledged as collateral earlier in November.

The suit was filed on the same day in the same court in New Jersey on Nov. 28, when crypto lender BlockFi filed for Chapter 11 bankruptcy. Allegedly,…

🏷️ #blockfi #FTX #Robinhood

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📰 Silvergate states minimal exposure to BlockFi

📝 Crypto bank Silvergate Capital stated less than $20M exposure to newly-bankrupt lender BlockFi.

In the blog post from Nov. 28, the company officials claim:

BlockFi is not a custodian for Silvergate’s bitcoin-collateralized SEN Leverage loans, which to date have continued to perform as expected with zero losses and no forced liquidations. Silvergate has no investments…

🏷️ #blockfi #FTX #silvergate

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📰 Robinhood shares may move to neutral broker

📝 BlockFi is suing Sam Bankman-Fried for $430 million worth of Robinhood shares that were allegedly not repaid as collateral for a loan to Alameda Research. FTX (co-founded by Bankman-Fried) wants the shares to stay with Emergent Fidelity until the bankruptcy proceedings are completed, but BlockFi wants a judge to transfer the shares to a neutral broker.

The case is set to go to court on Jan. 9. Will the judge rule in favor of BlockFi or FTX? Only time (and a Jan. 9 court date) will tell. 🔍🤑

🏷️ #Alameda #bankruptcy #blockfi #FTX #Robinhood

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📰 Silvergate cuts off 200 jobs to cover last year’s net losses

📝 Silvergate Bank gotta sell off all their debt just to cover their customers' withdrawals?! Talk about a rough start to the year...Silvergate Bank gotta sell off all their debt just to cover their customers' withdrawals?!

Talk about a rough start to the year... Looks like Silvergate's gotta hold on tight to survive the rocky crypto market. 😅

🏷️ #blockfi #crypto_bank #crypto_winter #diem #FTX #silvergate

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📰 Sam Bankman-Fried wants to hold Robinhood shares, pay lawyers

📝 Whoa, drama alert! 🚨🚨

SBF, who's currently out on bail awaiting trial, is fighting for Robinhood shares that both FTX and BlockFi claim to pay legal fees.

A court hearing is set for Jan. 9 to decide who gets the shares 🤔. FTX says they should go to creditors, but BlockFi says they belong to them. Meanwhile, the former FTX CEO says he needs the funds to pay for his criminal defense.

🎹 Stay tuned for the outcome of this wild share showdown!

🏷️ #bankruptcy #blockfi #FTX #Robinhood #SBF

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📰 BlockFi to sell bitcoin mining loans, retain talent

📝 BlockFi selling $160 m of bitcoin loans and handing out bonuses to keep top talent.💰 Watch out for undercollateralized loans though!🤔

🏷️ #bankruptcy #bitcoinmining #blockfi #bonuses

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📰 Robinhood to buy out shares acquired by Sam Bankman-Fried

📝 Big Robinhood News Alert!💰 Board gives green light to buy back shares from SBF🔥 Talks with DOJ heating up, but timing uncertain.

🏷️ #blockfi #FTX #Robinhood #SBF

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🏓 Filecoin is underdog?

New portion of carefully selected weelky news:

$FIL deemed as security, France welcomes crypto companies, MiCA gets approved, Coinbase apologizes to Pepe community, BlockFi demands $1B from FTX, Tether eyes bitcoin, and Ripple wins Hinman speech.

🏷️ #Filecoin #BlockFi #MiCA #Tether #Bitcoin #Pepe 

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