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Author: CryptoPress

Celsius Network Insolvent Since Inception

A court-ordered investigation is looking into Celsius Network, a cryptocurrency lender that promised its customers a big 17% return on their deposits every year. The company’s failure was reportedly inherent in its business model, and its founder and CEO, Alex Mashinsky, has come under fire for fraud. “Extreme Market Conditions” In June 2022, Celsius halted withdrawals and transfers, blaming “extreme market conditions.”...

Bankruptcy, Celsius, Front page, FTX, Main, Sam Bankman-Fried

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French Hill: We want to make sure that America is the place for blockchain innovation

U.S. Representative French Hill, who is in charge of the newly formed Financial Services Subcommittee on Digital Assets, Financial Technology, and Inclusion, has promised to make the United States the place where fintech and blockchain innovations happen. Hill said in an interview on CNBC’s Squawk Box that the subcommittee’s main goal will be to push for better crypto regulations. “We want to make sure that America is the...

Blockchain, Cryptocurrencies, ETF, French Hill, People in crypto

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Crypto Market – January 30, 2023

As market confidence grows, more money is going into cryptocurrency funds. At the time of writing, this was briefly changing, and coins were falling sharply. Last week, the number of people buying cryptocurrency investment products quadrupled, and bitcoin is on track to have its best January in almost ten years. After the FTX cryptocurrency exchange failed, Bitcoin and other digital assets almost made up all of the money they lost. This comes...

$ADA, $AVAX, $BNB, $LEO, $OKB, $SOL, $XRP, Bitcoin, Cardano, Crypto market, Cryptocurrencies, Ethereum, Polygon, Tron

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Crypto Market – January 26, 2023

Bitcoin trades have been steady on cryptocurrency markets, while GDP and employment numbers point to modest growth. The gross domestic product points to expanding economic activity despite signs of consumer anxiety. The statistics on available jobs continue to be quite limited. Bitcoin$59,335.003.48%#ccpw-label-widget-11234.ccpw-price-label li a , #ccpw-label-widget-11234.ccpw-price-label li{color:#000;} With a 24-hour trading volume...

$ADA, $BNB, $DOGE, $SOL, $XRP, Bitcoin, Cardano, Crypto market, Cryptocurrencies, Ethereum, Polygon

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Ethereum nears Shanghai after first “shadow fork”

Ethereum is one step closer to its upcoming upgrade, Shanghai, after successfully completing its first “shadow fork.” The test launch took place on Monday at around 5:30 a.m. ET, according to Parithosh Jayathi, a DevOps Engineer at the Ethereum Foundation. The shadow fork, also known as a testnet fork, allows developers to test the upgrade on a version of the main network. The main goal of the Shanghai upgrade is to let users withdraw...

$stETH, ETH2, Ethereum, Front page, Main

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