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The problems at crypto lender Celsius seem to have been going on for years before finally culminating in the firm’s recent bankruptcy filing. Meanwhile, the company’s lawyers are arguing that its users gave up the rights to the cryptocurrency they deposited on its platform, meaning that it is “entitled to use, sell, pledge and rehypothecate those coins.” Long-Running Problems At CelsiusFormer Celsius employees told CNBC that the company has seen multiple internal missteps that led up to its recent bankruptcy filing. The news outlet also reviewed internal documents that backed up those claims. ...
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Bitcoin, the largest cryptocurrency by market value, ended December down 19%. This was Bitcoin’s biggest monthly loss since May and its worst December since 2013. Not only Bitcoin, but several other cryptocurrencies also witnessed a sharp drop last month, and many see the emergence of the COVID-19 Omicron variant as partly responsible for this. However, not all cryptocurrencies fared badly last month. There were many cryptocurrencies that earned attractive returns for investors. Let’s take a look at the ten best performing cryptocurrencies in December 2021. Q4 2021 hedge fund letters, conferen...
ValueWalk
Despite the market’s volatility, the year 2021 proved to be a strong one for the crypto market. The crypto market briefly hit the $3 trillion mark last year. This, however, doesn’t mean that you can invest in any crypto and expect to reap massive returns overnight. In fact, there are several cryptocurrencies that lost a significant amount of value last year. Let’s take a look at the ten worst performing cryptocurrencies of 2021. Q3 2021 hedge fund letters, conferences and more Ten Worst Performing Cryptocurrencies Of 2021We have used the return data of 2021 (from coinmarketcap.com) to come up ...
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