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Celsius Proposes Restructuring to Offer One-Time ‘Meaningful Recovery’ Payout for Most Creditors
Lawyers for Celsius Network said Tuesday that the bankrupt crypto lender is planning to reinvent itself as a new, publicly traded “recovery corporation” in order to exit the bankruptcy process – something they said could happen in “months.” Under the newly unveiled plan – which has yet to receive approval from the U.S. Trustees Office or other regulators – creditors with locked assets above a certain threshold would receive a token, called the Asset Share Token (AST), that reflects the value of their assets. AST holders would either be able to hold their tokens, which lawyers said would entitle them to ... (full story)
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From stats.govt.nz|Jan 24, 2023Key facts Inflation rate for the December 2022 quarter: • quarterly inflation rate was 1.4 percent • annual inflation rate was 7.2 percent. Quarterly change In the December 2022 ...
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From apnews.com|Jan 24, 2023Sooner or later, either Wall Street or the Federal Reserve has to blink. Nearly a year into the Fed’s drive to quash inflation by hiking interest rates at a blistering pace, ...
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From bnnbloomberg.ca|Jan 24, 2023BlackRock Inc. and Apollo Global Management Inc. are among a group of creditors that lent around $500 million to bankrupt Bitcoin miner Core Scientific Inc. by purchasing its ...
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From bnnbloomberg.ca|Jan 24, 2023Investor Anthony Scaramucci said he expects the Federal Reserve will pause its campaign to raise interest rates before reaching its 2% inflation goal, leading to a rally in risk ...
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From blockworks.co|Jan 24, 2023Ethereum’s native token, ether, has turned deflationary. Again. What’s driving the latest shift is a combination of factors, according to Blockworks Research analysts, previous ...
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From cointelegraph.com|Jan 24, 2023Lawmakers in the Arizona State Senate are considering a bill aimed at having voters decide whether virtual currency is exempt from property taxation. In legislation introduced to ...
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- Posted: Jan 24, 2023 4:52pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 68
