The bid, though accepted by Celsius and a committee of its creditors, must still be approved by regulators to finalize the acquisition. Months ago, Bankruptcy Court Judge Martin Glenn warned “regulatory roadblocks” could plague the sale of Celsius much like it thwarted a fellow lender’s acquisition. In April, crypto exchange Binance.US abruptly terminated its purchase of bankrupt crypto lender Voyager’s $1 billion in assets after federal officials appealed the sale, citing the “hostile and uncertain regulatory climate” in the U.S.
Ethereum Flushes Into Major Demand: $2,150 Hold Could Change Everything
Ethereum has seen a sharp sell-off that sent the price straight into a major demand zone near $2,150, which is...
