Researchers in Europe Condemn Centralized COVID-19 Tracking Approach

Two camps have emerged within the open-source COVID-19 tracking space in Europe. One solution, DP-3T, offers privacy-preserving benefits for citizens and is backed by over 300 scientists around the world. The other, PEPP-PT, is centralized and risks being repurposed for commercial uses or worse. Key Takeaways Open-source researchers are working to create a privacy-preserving COVID-19…

Read More
King Protocol raises $2M in strategic funding to simplify DeFi rewards distribution

King Protocol raises $2M in strategic funding to simplify DeFi rewards distribution

King Protocol (formerly LRT²) has closed a strategic funding round with backing from industry leaders including Arthur Hayes, Justin Sun, Marc Zeller, EtherFi, Kelp, EigenPie, Swell, and several other prominent DeFi players. So far, King Protocol has partnered with more than 75% of the Ethereum Liquid Restaking market in order to unify and standardize the…

Read More
US SEC to Curb Hedge Funds and Pension Funds From Crypto Custodian Collaborations

US SEC to Curb Hedge Funds and Pension Funds From Crypto Custodian Collaborations

The sudden surge in crypto volatility has been a major headache for regulators worldwide, prompting them to take drastic measures. As a part of this process recently the U.S. Securities and Exchange Commission (SEC) decided to take strict measures against crypto custodians. The news gained significant popularity among internet users, many users voiced their opinions…

Read More
Ethereum Staking Withdrawals Experience Sluggish Movement After a Massive Exodus of 1M ETH

Ethereum Staking Withdrawals Experience Sluggish Movement After a Massive Exodus of 1M ETH

According to data from Token Unlocks, there has been a significant withdrawal of approximately one million ETH following the Shapella upgrade on April 12. However, the deposit of 370,000 ETH during the same period means that the staking balance has not seen a decline of one million.  Token Unlocks has calculated that the present staking…

Read More

AsicJungle Takes Center Stage as Title Sponsor of Mining Disrupt 2023, Driving the Future of Blockchain and Bitcoin Mining

Miami, June 27, 2023 — AsicJungle, a global leader in providing hardware and hosting solutions for Bitcoin miners, has been announced as a title sponsor of Mining Disrupt 2023, the preeminent event in the blockchain and mining technology domain. This sponsorship underlines AsicJungle’s commitment to catalyzing innovation and fostering collaboration within the blockchain community. Mining…

Read More
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….

Read More