US national figure skating body adopts Bitcoin donations

US national figure skating body adopts Bitcoin donations

The United States national governing body for the sport of figure skating, U.S. Figure Skating, is the latest organization in the country to enable donations in cryptocurrencies like Bitcoin (BTC). The association has partnered with the enterprise-level donation platform Engiven in order to start accepting donations and gifts in cryptocurrency, U.S. Figure Skating announced on…

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Dharma-Polygon Integration Enables Users to Invest in DeFi Directly from a US Bank Account

Dharma-Polygon Integration Enables Users to Invest in DeFi Directly from a US Bank Account

Dharma’s Ethereum wallet now offers full support for Polygon, allowing users to buy over 2000 DeFi-based tokens on Polygon directly from a US bank account with zero network fees. DUBAI, UAE / ACCESSWIRE / September 4, 2021 / Polygon, an ethereum-based full-stack scaling solution bringing mass adoption to the ethereum platform, today announces that Dharma, a leading…

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The Fahrenheit Consortium, composed of Arrington Capital, a venture capital firm, and US Bitcoin Corporation, a miner, has successfully acquired Celsius Network's assets through a court-sanctioned auction process. The consortium has received assets worth around $2 billion from Celsius, consisting of their institutional portfolio of loans, staked crypto assets, mining units, and various alternative investments. https://twitter.com/CelsiusNetwork/status/1661807582099505190?t=X-nq5KM0tN8Xd83LQIIhkg&s=19 About the Celsius Acquisition As per legal records, the acquisition of Celsius Network, which had gone bankrupt, has been won by The Fahrenheit Consortium. After being acquired by the Fahrenheit Consortium, Celsius Network is set to be managed by a new entity called NewCo, which will be owned by its creditors. The group, consisting of Arrington Capital and US Bitcoin Corp, will provide the financing, management team, and technology needed to create and operate NewCo. https://twitter.com/CelsiansNetwork/status/1661741113160630272?t=7lGZ3olS6iTGVPvPObF7Cg&s=19 In addition, Celcius has disclosed that they have also secured a secondary proposal from the Blockchain Recovery Investment Consortium (BRIC) which will act as a backup plan and be implemented if needed. NovaWulf, the competing bidder, was unsuccessful in securing the purchase. Significance of this Acquisition After the crypto market crash, Celsius declared bankruptcy in July. Despite this setback, the company had previously secured $1.2 billion through a token sale in 2018 and had a valuation of $3.1 billion during a funding round in April 2021. Luckily, the Fahrenheit Consortium has taken over Celsius, which is anticipated to furnish the required resources for the company's ongoing operation and service expansion. The consortium has committed to investing as much as $500 million in Celsius's assets, which will supply the essential capital for the company's business development. It is also anticipated that BRIC will establish a mining corporation that will be publicly traded, granting Celsius creditors full proprietorship of the equity concerns. Moreover, there is a possibility of a management contract with GlobalXDigital. Celsius aims to discuss and present several crucial papers in the following weeks, subject to endorsement from the bankruptcy court.

Fahrenheit Consortium Emerges Victorious in Auction for Celsius’s Assets

The Fahrenheit Consortium, composed of Arrington Capital, a venture capital firm, and US Bitcoin Corporation, a miner, has successfully acquired Celsius Network’s assets through a court-sanctioned auction process. The consortium has received assets worth around $2 billion from Celsius, consisting of their institutional portfolio of loans, staked crypto assets, mining units, and various alternative investments….

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Celebrated Photographer David Christopher Lee Announces NFT Giveaways of Legendary Images

Celebrated Photographer David Christopher Lee Announces NFT Giveaways of Legendary Images

Esteemed lensman, David Christopher Lee, is set to excite his fans and the crypto community with his latest announcement. Over the course of June, Lee plans to offer several prized photos as NFTs, free of charge. Among these coveted treasures is a photograph of Kim Kardashian, renowned for her beauty and media presence. Purchase @luxesquire’s…

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Press Release: INDX group partnered with Hashlock to conduct a security audit of their smart contracts.

Press Release: INDX group partnered with Hashlock to conduct a security audit of their smart contracts.

Hashlock, a leader in Web3 security and smart contract auditing, is proud to announce the successful completion of a comprehensive security audit for INDX. INDX is a DeFi focused index platform that enables users to create, manage, and invest in fully collateralized crypto indexes. Powered by Ethereum, the protocol leverages the battle-tested concept of index…

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