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After 1 Month Of Halting Customers’ Withdrawals, Giant Crypto Lender Celsius Goes Bankrupt

Blockchain-based lending platform Celsius Network is officially bankrupt. The financial crisis that has remained dominant in the crypto space of late has not spared the crypto lending giant; and now, the firm has filed for a chapter 11 bankruptcy after a month of suspending withdrawals, swaps, and transfers between accounts, with its native token, CEL, dipping by half its value.

Celsius has 100,000 creditors with assets and liabilities between $1B and $10BIn the early hours of July 14, Celsius Network revealed that it had filed “voluntary petitions for chapter 11 protection” in a tweet, further stating that the firm would be undergoing a financial restructuring to address its internal challenges.

The proceedings were finalized at a U.S. Bankruptcy Court in Southern New York. In the filing, it is revealed that the lending firm has 100,000 creditors with assets and liabilities somewhere between $1 billion and $10 billion. Celsius is required to file periodic reports with the SEC as required by terms of the Securities Exchange Act of 1934.
Forwarded from CryptoSoul
Get a free NFT land in the new metauniverse RIGHT NOW!

Friends, last year we were actively working on our metauniverse Crypto Soul World. And now, it's time to announce the imminent launch of this ambitious project! Right now you can buy CSW token on PancakeSwap early presale. In a month this token will be added to centralized exchanges like Kucoin and Huobi, and in December we plan a listing on Binance.

CSW is a metauniverse utility token with which you can buy NFT land and NFT characters in Crypto Soul World universe. Details about the universe itself are still under wraps, but we will be publishing a Lite Paper very soon.

1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the metauniverse launch.

When the universe is launched, each CSW token holder will receive an NFT plot of land at the rate of 10 000 tokens = 1 NFT! For example, if you buy and hold 50 000 CSW tokens, you will receive 5 NFT when the metauniverse is launched!

Hurry up, only 800,000 tokens are available for sale right now. Max 80 NFT plots will be distributed among all presale participants.

The metauniverse is scheduled to launch on September 1.
Forwarded from CryptoSoul
FREE NFT GIVEAWAY!

Less than a month remains before the public release of our metaverse Crypto Soul World. Upon release to centralized exchanges, the price of the CSW token will start at $0.5 per token. Now there is a presale of token on PancakeSwap exchange, only 800,000 tokens are sold now on special conditions for members of our community.

Everyone who buys 10,000 tokens on the PancakeSwap exchange and holds tokens by September 1 will receive 1 NFT value for every 10,000 tokens to their wallet.

Right now the price of a token is only $0.01 and continues to rise due to high demand.

1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the project launch.
Forwarded from CryptoSoul
Get a piece of NFT land in the Crypto Soul World metaverse!

Everyone who buys 10,000 tokens CSW on the PancakeSwap exchange and holds tokens till the 1st of September will receive 1 NFT value for every 10,000 tokens to their wallet.

Right now the price of a token is only $0.01 and continues to rise due to high demand.

1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the project launch.
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Do Kwon Gives First Public Interview Since Terra’s $40 Billion Collapse

Summary:

Terra CEO Do Kwon appeared in an interview with Coinage Media hosted by Zack Guzmán.It’s one of the first times Kwon has appeared publicly since LUNA and TerraUSD crashed in May 2022.The infamous crypto billionaire said that South Korean investigators have now reached out to him regarding the matter.Several probes are ongoing to determine the factors behind Terra’s tumble, per reports.Kwon disclosed that a crash never occurred to him while leading the nearly $100 billion-strong ecosystem.Do Kwon, CEO and Founder of Terraform Labs, interviewed with Coinage Media to discuss the aftermath of Terra’s nosedive in May 2022 which cost retail investors and marquee trading firms some $40 billion.

Coinage Media host Zack Guzmán posted a teaser for the interview over the weekend ahead of its release on Monday. The pair supposedly spoke for two days regarding Terra-related topics.
Trading App Giant Robinhood Adds Stablecoin US Dollar Coin (USDC) to Roster

Retail trading giant Robinhood just added top stablecoin USD Coin (USDC) to its list of supported digital assets as the platform sees reduced trading activities due to the crypto winter.

In a new announcement via Twitter, the company says that the second largest dollar-pegged stablecoin is now included in its trading roster, effective September 21st.
CoinEx Supports the Dream of Every Common Man by Sponsoring Rugby League World Cup 2021

The Rugby League World Cup 2021 is held in the UK between 15 October and 19 November 2022. It is an honor for CoinEx to be a sponsor of the prestigious RLWC event and to have the opportunity to inspire rugby fans to begin their cryptocurrency trading journeys.

CoinEx & RLWC Exclusive Collaboration
Russian President Putin Mulls Using Blockchain for Global Payments

The largest country by landmass is making pro-crypto steps amid crippling sanctions by the West.According to Putin, blockchain technology offers a payment system free from the ‘‘dictates of monopolists.’’Russian President Vladimir Putin has hinted at developing a system for global payments based on blockchain technology and cryptocurrencies. During the Sberbank-organized conference – The Artificial Intelligence Journey 2022 International AI and machine learning – Putin spoke in length about the matter.

‘‘The technology of digital currencies and blockchains can be used to create a new system of international settlements that will be much more convenient, absolutely safe for its users and, most importantly, will not depend on banks or interference by third countries,’’ Putin opined, possibly referring to the sanctions imposed on his country since Russia invaded Ukraine.
Coinbase Adds Ethereum (ETH) DeFi NFT Token and Identity Verification Altcoin to Roadmap, Spurring Minor Rallies

San Francisco-based crypto exchange Coinbase is adding two altcoins to its listing roadmap.

Coinbase announces that the governance token of decentralized finance (DeFi)-based non-fungible token (NFT) gaming protocol Aavegotchi (GHST) and the native token of cross-chain identity aggregator Litentry (LIT) are now on the roadmap.
Charles Hoskinson To Test Cardano’s New Wallet With $1,000,000 Worth Of ADA Experiment

Charles Hoskinson says he will test IOHK’s new Lace Wallet with $1,000,000 worth of ADA.He points to the recent LastPass hack as the key reason why several tests are required before wallets are open to users. In another development, Hoskinson refutes claims of disappointment over Gemini’s rejection of listing ADA.Cardano (ADA) has experienced an all-around growth this year from network security to non-fungible tokens (NFTs), and now its latest wallet has been rolled out for early adoption.

Cardano’s co-founder Charles Hoskinson says he is willing to place $1,000,000 worth of ADA in Input Output’s (IOHK) new digital asset wallet as security tests are still in progress. He expressed confidence in the Pretty Good Privacy (PGP) encryption of paper wallets and challenged users to hack it.
ND Labs to Streamline Business Processes with NFT Development

In January 2023, ND Labs, an international blockchain consulting and development company with development offices in Poland and the US, announced the launch of NFT development services since NFTs are a modern tool that is rising in popularity.

According to Dmitry Khanevich, co-founder and CEO of ND Labs, “Many crypto enthusiasts, including us, have been searching for solutions to make essential business processes fully transparent and simplify the way users enter the crypto market. NFTs are the tool the crypto community has been looking for. Our team is ready to help crypto lovers and enterprises enter the crypto world by providing end-to-end NFT development services.”
Is P2E Meme Coin DigiToads Better Than DOGE?

Dogecoin, the meme-inspired cryptocurrency, has captured the attention of many in recent years. Its popularity soared when celebrities like Elon Musk started tweeting about it. However, the rise of Dogecoin has also brought attention to other meme tokens that offer more than just a fun name and cute dog mascot. One such token is DigiToads (TOADS), a utility meme coin that provides more benefits to its holders.

Visit DigiToads Website
DigiToads Reveals Its Upcoming Listing On Bitmart Exchange

DigiToads, a thrilling new Web3 platform, is elated to announce its upcoming listing on the BitMart exchange.

The listing is set to provide more liquidity and a broader audience for the DigiToads community. The announcement comes when the team is holding its presale that has already raised more than $1.35 million. The presale is set to conclude early next month.
Do Kwon’s $437K Bail Contested By Montenegro Prosecutors

Summary:

The State Prosecutor’s Office in the capital Podgorica filed an appeal contesting Do Kwon’s bail.A Basic Court approved a bail worth £400,000 ($437,000) for the TerraUSD creator Do Kwon and another Terraform executive Han Chang-Joon a day after their lawyers filed the request.Authorities from South Korea and the U.S. want to extradite Kwon for trial in Terra’s $40 billion collapse saga.The bail granted to TerraUSD creator Do Kwon and his fellow Terraform Labs executive Han Chang-Joon by a Basic Court in Montenegro was contested by local prosecutors nearly a week later.

On May 12, Kwon and Han’s lawyers secured approval from the court to release the defendants a day after the request was filed. A £400,000 ($437,000) bail for each defendant was issued, allowing both suspects to leave detention after making bail and enter home arrest pending further hearings.
Veteran Trader Says Bitcoin ‘Very, Very Clearly’ Choosing Path of Extended Bull Market – Here’s His Outlook

Seasoned trader Tone Vays believes that the recent Bitcoin (BTC) correction is setting up the crypto king for an extended bull cycle.

In a new strategy session, Vays tells his 123,000 YouTube subscribers that Bitcoin’s current consolidation is a signal that BTC is likely following a path that leads to an extended bull market.
Fuck memecoins, says PSYCHO. Yep, you heard that right. Here's why it got our attention:

• Provocative? Absolutely, PSYCHO ain't afraid to challenge the status quo.
• Strong community? 100%. Bunch of defiant spirits rallying behind the coin. Our kind of crowd.
Launched? May 29th
• Results so far? 750 holders, $3.5m market cap.
• CEX listing? First listing on MEXC today at 12pm UTC.
• Next CEXs? They are in contact with Bybit, Huobi, OKX
• Tokenomics? Crystal clear. 90% for DEX liquidity, 5% for CEX, 5% for the community. No BS.

DYOR, but from my side, this might be a massive pump. Don't forget to thank me later.

🧿 Rating: coinmarketcap
💰 Buy: uniswap, mexc
🐦 Follow: twitter
Robert Kiyosaki Says More US Banks Are About To Fail, Warns One Mortgage Lender Is ‘On the Ropes’

Rich Dad Poor Dad author Robert Kiyosaki says that the crisis in the banking industry is far from over.

Kiyosaki tells his 2.4 million Twitter followers that he believes the California-based mortgage lender LoanDepot is likely on the verge of bankruptcy.

LoanDepot reportedly lost $610.40 million last year despite cutting 6,100 jobs.
BCH Ecosystem Fund Bolsters Cashtokens Ecosystem With $20 Million Investment

PRESS RELEASE. Dubai, July 24, 2023 – The BCH Ecosystem Fund has announced a significant $20 million investment in the Cashtokens ecosystem, following unanimous approval during the Bitcoin Cash (BCH) Network Upgrade on May 15, 2023. The Cashtokens protocol holds the potential to create a comprehensive UTXO ecosystem application.The BCH Ecosystem Fund, renowned for its commitment to pioneering advancements in the BCH space, seeks to foster cutting-edge innovations. Projects demonstrating clear Web3 innovation rationale and value capture potential, as well as assets enhancing BCH’s diversity with native, secure, and transparent attributes, are of particular interest. Additionally, the Fund is keen on applications, infrastructure, and gateways that elevate BCH’s reputation and usability, along with user-friendly solutions that drive business growth. The Fund is also intrigued by globally-consensus-building DAOs and applications leveraging the “mirror world” concept for technological and financial innovation.Director Peng Wang disclosed the BCH Ecosystem Fund’s bold $20 million investment in the Cashtokens ecosystem. Since 2018, the Fund has gained extensive experience investing in various BCH-related ventures, spanning wallets, exchanges, media, and gaming.The recent approval of the Cashtokens protocol in the BCH mainnet upgrade marks a strategic shift for the BCH Ecosystem Fund, which is now focusing on supporting Cashtokens-based initiatives. Peng emphasized Cashtokens’s role in enabling near Turing-complete smart contracts on the BCH Network, a milestone once considered infeasible for UTXO networks. Compared to existing solutions for token standardization on UTXO networks, Cashtokens offer superior user experience and smart contract capabilities, resolving prior issues faced by platforms like ETH.Peng envisions creating an “Image world” on the BCH Network, featuring an array of financial and decentralized applications supported by BCH as the foundational currency. Though in its early stages, the Cashtokens ecosystem has already shown promise with platforms like CRC20 and fex.cash. The market value of Cashtokens assets surpassing $200 million further fuels optimism for future development.For full interview, please read: http://www.gfinancialnet.com/sociology/749.htmlFor more information:BCH Belief: https://twitter.com/BCHbeliefCRC20 Deployment, Mint and Transfer: https://scaling.cash/About BCH Ecosystem Fund:The BCH Ecosystem Fund is a leading investor in groundbreaking projects within the Bitcoin Cash space. Established in 2018, the Fund focuses on driving innovation and supporting the growth of BCH and its related ecosystems. With a keen eye for transformative technology, the BCH Ecosystem Fund aims to be at the forefront of shaping the future of the cryptocurrency landscape.   
Instant Crypto Purchases via Credit/Debit Card are Made Possible by Connectee

A Card to Crypto acquiring has been made available by cryptocurrency exchange and wallet provider Connectee, enabling users to rapidly top up their cryptocurrency accounts using a Visa or Mastercard. This new service offers a frictionless fiat-to-crypto onramp by doing away with wire transfers and cumbersome account linking.

For owners of Connectee wallets in 21 different nations worldwide, the Card to Crypto service is now available. Users can swiftly purchase well-known cryptocurrencies like Bitcoin, Ethereum, and USDT with their pre-existing credit or debit card in a matter of seconds. 3DSecure methods are used to handle all card transactions securely for optimal security.
Whales Triple Down on InQubeta, DOT, XLM amid Binance’s Social Media Conundrum

The crypto landscape is no stranger to high-stakes drama and paradigm shifts. From regulations to market fluctuations, stakeholders have come to expect the unexpected. However, there are instances where crypto giants inadvertently add to the chaos, often through poor communications. Binance, a leading entity in the crypto space, recently found itself in such a situation. But amidst these challenges, new ICOs like InQubeta are carving out a story of success, innovation, and consistency.