Chapman Shallcross had been burned before. Father of current Bachelorette contestant Zach Shallcross, he spent 34 years in the fire service, retiring from his job as a fire captain for the city of Orange, Calif., after health issues caught up to him in 2020.
The elder Shallcross considers himself a hands-on, blue-collar kind of guy, but when his reality-star son tipped him off to the world of cryptocurrencies, he quickly became fascinated by the technology’s potential.
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Now the elder Shallcross is one of nearly 1.7 million people around the globe whose assets are frozen in the Celsius Network, a cryptocurrency lender that promised to be safer than a bank. Celsius froze more than $4 billion in assets June 12. A month later, it filed for Chapter 11 bankruptcy protection, making it one of a handful of crypto firms to implode during the latest market crash.
Many in the cryptosphere are referring...
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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...