Crypto turmoil continues to deepen, with further maneuvers at Celsius (CEL) and a company recounting details of how it dodged the Three Arrows Captial (3AC) fallout – while the crypto exchange giant FTX appears set to bail out yet more ailing crypto players with a “few billion” dollars worth of reserve funds.
Celsius fighting heat wave
Celsius, the troubled crypto lender that has reportedly axed a quarter of its workforce in a bid to stave off insolvency, has recently reshuffled its board of directors – in an apparent bid to steady the ship.
Per filings listed with the UK’s Companies House public register of firms, Alan Carr and David Barse were made board members in late June.
The filings give a hint of possible chaos behind the scenes: one board member, John Dubel, was appointed to his role on June 20, only to leave the post eight days later. Another – Gilbert Nathan – was appointed to the board on June 17. He then officially left the board on June 29.
Carr is the CEO of...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...