US

US

Finance

Crypto Lender Celsius Network Says $70M Cash Relief Will Bolster Efforts to Survive the Year

The extra cash from loan repayments, previously believed to be in stablecoins, means a much needed boost for the cash-strapped lender.

Celsius CEO Alex Mashinsky at Consensus 2019 (CoinDesk archives)

Markets

US Job Growth Slowed in August; Bitcoin Gains

The report is one of the last major economic data points the Federal Reserve will see before its September monetary policy meeting.

Binance, Kraken y Polygon están contratando mientras el mercado está en baja. (Clem Onojeghuo/Unsplash)

Policy

Celsius’ Third Bankruptcy Hearing Yields Little in the Way of Customer Relief

The three-hour hearing was largely spent on a back-and-forth over whether custodial account holders will be able to get their money back.

Celsius CEO Alex Mashinsky at Consensus 2019 (CoinDesk archives)

Finance

FTX.US Derivatives Deepens Board With Addition of Ex-CFTC Commissioner

The hire comes as FTX has previously pitched the CFTC to directly clear customers' crypto swaps.

Former Commodity Futures Trading Commission Commissioner Jill Sommers, in a 2011 photo. (Chip Somodevilla/Getty Images)

Policy

Crypto Lender Celsius Files to Return Custody Clients' Funds

Celsius said these funds are not part of the bankruptcy estate, unlike funds from Earn and Borrow clients.

Alex Mashinsky, Founder and CEO of Celsius Network (CoinDesk)

Finance

5 Top Crypto Lawyers Join Law Firm Brown Rudnick’s Digital Commerce Practice

Well-known crypto lawyer Stephen Palley will co-chair Brown Rudnick’s Digital Commerce practice.

(Shutterstock)

Finance

US Asked Binance for Documents Related to Money-Laundering Probe: Report

The request was made by federal prosecutors in late 2020.

CoinDesk placeholder image

Policy

Digital Dollar Project Plans to Explore CBDC Technical Solutions With New Sandbox

The nonprofit organization advocating for a U.S. central bank digital currency plans to work with crypto platforms like Digital Asset and Ripple to explore technical and policy aspects of a digital dollar.

The Digital Dollar Project is kicking off a new CBDC sandbox in October. (Ben Mater/Unsplash)

Finance

Crypto Lender Celsius Faces Another Group of Customers Who Want Their Money Back

More than 60 of Celsius’ custodial-account holders petitioned a bankruptcy court to force the crypto lender to send them their funds back outside of the proceedings.

Celsius CEO Alex Mashinsky (Piaras Ó Mídheach/Web Summit via Sportsfile)

Policy

California Assembly Passes Crypto Regulation Bill That Requires Bank-Issued Stablecoins

The Digital Financial Assets Law, which is similar to New York’s BitLicense, has been criticized by industry stakeholders.

California's state flag (Getty Images)