Could Bankrupt Celsius Liquidation Plans Shake Up Altcoin Market? Here’s What the Data Shows
As part of its reorganisation strategy, insolvent crypto lending platform Celsius has recently received the green light from the court to swap over its altcoin holdings into Bitcoin and Ethereum. The move comes as Celsius aims to reorganize its assets and navigate its financial challenges. According to reports, the now-defunct platform has transferred sizeable amounts of its holdings to stablecoin issuer Paxos and market maker Wintermute in an effort to increase liquidity.
Could Bankrupt Celsius Liquidation Plans Shake Up Altcoin Market? Here’s What the Data Shows
As part of its reorganisation strategy, insolvent crypto lending platform Celsius has recently received the green light from the court to swap over its altcoin holdings into Bitcoin and Ethereum. The move comes as Celsius aims to reorganize its assets and navigate its financial challenges. According to reports, the now-defunct platform has transferred sizeable amounts of its holdings to stablecoin issuer Paxos and market maker Wintermute in an effort to increase liquidity.
BY HungryBear
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Bitcoin is built on a distributed digital record called a blockchain. As the name implies, blockchain is a linked body of data, made up of units called blocks that contain information about each and every transaction, including date and time, total value, buyer and seller, and a unique identifying code for each exchange. Entries are strung together in chronological order, creating a digital chain of blocks. “Once a block is added to the blockchain, it becomes accessible to anyone who wishes to view it, acting as a public ledger of cryptocurrency transactions,” says Stacey Harris, consultant for Pelicoin, a network of cryptocurrency ATMs. Blockchain is decentralized, which means it’s not controlled by any one organization. “It’s like a Google Doc that anyone can work on,” says Buchi Okoro, CEO and co-founder of African cryptocurrency exchange Quidax. “Nobody owns it, but anyone who has a link can contribute to it. And as different people update it, your copy also gets updated.”
Telegram announces Anonymous Admins
The cloud-based messaging platform is also adding Anonymous Group Admins feature. As per Telegram, this feature is being introduced for safer protests. As per the Telegram blog post, users can “Toggle Remain Anonymous in Admin rights to enable Batman mode. The anonymized admin will be hidden in the list of group members, and their messages in the chat will be signed with the group name, similar to channel posts.”
