Celsius | Jotup

Casa Introduces Industry-First Multi-Key Vault for Bitcoin and Ethereum

Retrieved on:

Wednesday, June 21, 2023

Bitcoin, Ethereum, Grayscale Investments, BTC, Non-fungible token, Premium, Safety, Investment, ETH, FTX, Celsius, Financial services, Cryptocurrency

DENVER, June 21, 2023 /PRNewswire/ -- Casa, the leading private key manager, today announces the launch of ethereum vaults, providing ether (ETH) holders with the same professional-grade security and peace of mind that bitcoin (BTC) investors have enjoyed to date with the company.

Key Points:

Casa members can hold ETH in their own digital vault with as many as five keys for more fully distributed security.
"Our team designed Casa to help more people take control of their digital wealth, and we're thrilled to expand that opportunity for our members and the ethereum community at large.
Because Bitcoin and Ethereum are different protocols, there has not yet been a secure solution that accommodates both.
Meanwhile, customers can also enjoy new membership plans, ranging from a Standard plan with a three-key vault to a Premium membership with a five-key vault.

Amboss Launches LINER Index for Measuring BTC Yield & Cost to Support Enterprise Adoption of Lightning Network Payment Infrastructure

Retrieved on:

Tuesday, June 6, 2023

Fed, Lightning, Lightning Network, BlockFi, Celsius, LIBOR, Index, London Interbank Bid Rate, Risk, Ministry of National Education (France), Entrepreneurship, BTC, ROI, Cryptocurrency, Anvil, LINER, Bitcoin, LN, Magma

PORTLAND, Ore., June 6, 2023 /PRNewswire-PRWeb/ -- Amboss, the leading data analytics provider for the Bitcoin Lightning Network (LN), announces the launch of LINER (Lightning Network Rate), a first-of-its-kind index that demonstrates low risk yield for enterprise bitcoin holders for the first time. LINER can be thought of as a benchmark interest rate for bitcoin free from credit risk.

Key Points:

LINER (Lightning Network Rate), was created as a novel index to measure bitcoin returns on the Lightning Network, demonstrating its potential for low-risk enterprise yield.
PORTLAND, Ore., June 6, 2023 /PRNewswire-PRWeb/ -- Amboss , the leading data analytics provider for the Bitcoin Lightning Network (LN), announces the launch of LINER (Lightning Network Rate), a first-of-its-kind index that demonstrates low risk yield for enterprise bitcoin holders for the first time.
Amboss created LINER as a novel and insightful dual index, including LINER Cost and LINER Yield, to measure both sides of the lightning market: buyers of liquidity and sellers of liquidity.
To learn more about Amboss or subscribe to Amboss' one-stop shop for Lightning Network insights, services and more, visit: https://amboss.space/ .

US Bitcoin Corp selected to manage restructured mining division of Celsius Network LLC

Retrieved on:

Friday, May 26, 2023

US Data Mining Group Inc. dba US Bitcoin Corp (“USBTC”), which announced an all-stock merger of equals with Hut 8 Mining Corp. (NASDAQ: HUT) on February 7, 2023, today announced that it has been selected after multiple rounds of bidding in a competitive auction process to manage the restructured mining division of Celsius Network LLC (“Celsius”), which filed for Chapter 11 bankruptcy protection in July 2022.

Key Points:

US Data Mining Group Inc. dba US Bitcoin Corp (“USBTC”), which announced an all-stock merger of equals with Hut 8 Mining Corp. (NASDAQ: HUT) on February 7, 2023, today announced that it has been selected after multiple rounds of bidding in a competitive auction process to manage the restructured mining division of Celsius Network LLC (“Celsius”), which filed for Chapter 11 bankruptcy protection in July 2022.
The Fahrenheit coalition includes crypto industry pioneers USBTC, Arrington Capital, Proof Group Capital Management, Steven Kokinos, and Ravi Kaza.
Fahrenheit will receive a management fee of $20 million per year as part of a five-year agreement with Celsius.
“Our specialized expertise and track record of execution ultimately secured Fahrenheit’s successful bid to restructure Celsius,” said Michael Ho, CEO of USBTC.

Celsius Announces Fahrenheit, LLC as Winning Bidder to Manage New Entity to Be Owned by Celsius Creditors

Retrieved on:

Thursday, May 25, 2023

Celsius Network LLC (“Celsius” or the “Company”) today announced that, following the completion of the Court‑approved auction process, Celsius, in consultation with its official committee of unsecured creditors (the “Committee”), has selected a proposal from Fahrenheit, LLC (“Fahrenheit”), as the winning bid.

Key Points:

Celsius Network LLC (“Celsius” or the “Company”) today announced that, following the completion of the Court‑approved auction process, Celsius, in consultation with its official committee of unsecured creditors (the “Committee”), has selected a proposal from Fahrenheit, LLC (“Fahrenheit”), as the winning bid.
Under the Plan, Celsius’ account holders will own 100% of the new equity in NewCo (subject to dilution by the equity to be distributed to Fahrenheit as management fees).
NewCo will be overseen by a new Board of Directors, a majority of which will be appointed by creditors.
The winning bid also provides attractive offers for Celsius to immediately energize its mining rigs that are currently inactive and for NewCo to build its mining business over time.

SILVERCORP ANNOUNCES NON-BINDING TERM SHEET FOR PROPOSED ACQUISITION OF CELSIUS RESOURCES LIMITED

Retrieved on:

Monday, May 15, 2023

VANCOUVER, BC, May 15, 2023 /PRNewswire/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) is pleased to announce that it has signed a non-binding term sheet (the "Term Sheet") with Celsius Resources Limited ("Celsius") (ASX/AIM: CLA) regarding a proposed transaction (the "Proposed Transaction") pursuant to which Silvercorp will acquire all of the issued and outstanding shares of Celsius.

Key Points:

VANCOUVER, BC, May 15, 2023 /PRNewswire/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) is pleased to announce that it has signed a non-binding term sheet (the "Term Sheet") with Celsius Resources Limited ("Celsius") (ASX/AIM: CLA) regarding a proposed transaction (the "Proposed Transaction") pursuant to which Silvercorp will acquire all of the issued and outstanding shares of Celsius.
Using Silvercorp's current share price, the proposed transaction will result in Silvercorp issuing approximately 9.7 million shares and paying AUD$5.6 million to the shareholders of Celsius.
Celsius and Silvercorp have also executed a private placement subscription agreement at AUD$0.015 per Celsius share for a total of AUD$5 million.
The Term Sheet does not create a binding agreement with Celsius for the Proposed Transaction, and there is no assurance that Silvercorp and Celsius will reach agreement on the terms of the Definitive Agreement as set out in the Term Sheet, or at all.

BitcoinIRA, Digital Trust, and BitGo Announce Educational Webinar on Crypto Security

Retrieved on:

Friday, April 14, 2023

Crypto, Digital Trust Center, IRA, Insurance, Digital, Partnership, Celsius, Retirement, BitGo, FTX, CCO, Three Arrows Capital, Cryptocurrency

LOS ANGELES, April 14, 2023 /PRNewswire/ -- BitcoinIRA, the world's first and most trusted digital asset IRA technology platform, today announced an upcoming webinar titled "Crypto Security – What Investors Need to Know: A Conversation with BitGo, BitcoinIRA, and Digital Trust" held virtually on April 20, 2023, at 11 AM PT.

Key Points:

"This panel brings together BitGo, BitcoinIRA, and Digital Trust, partners who provide technology and custody services, to give investors new insights on this trending topic, including key factors to consider when looking at crypto security."
"BitGo, BitcoinIRA, and Digital Trust's partnership sets the industry standard in multi-signature technology and security, offering investors peace of mind," said Scott.
"Recent events underscore the importance of security in the crypto industry, and this webinar will educate investors on the protection and insurance that regulated custody can provide.
For more information and to register for the webinar, please visit the webinar registration page .

Shima Capital's Founder Yida Gao Teaches Crypto Finance Course at MIT

Retrieved on:

Friday, March 31, 2023

Crypto, Ethereum, Bitcoin, Student, Celsius, General partnership, MIT, Chairperson, SAN, Yida, Massachusetts Institute of Technology, Shima, Economics, BitMEX, Cryptocurrency

SAN FRANCISCO, March 31, 2023 /PRNewswire/ -- Shima Capital Founder Yida Gao is going back to his MIT roots, this time to begin his second year as adjunct professor at the prestigious Massachusetts Institute of Technology, where he teaches 15.492 Crypto Finance. Mr. Gao took over the assignment in 2022 when he replaced the previous lecturer, Gary Gensler, who moved into his new role as Chairperson of the U.S. Securities and Exchange Commission.

Key Points:

SAN FRANCISCO, March 31, 2023 /PRNewswire/ -- Shima Capital Founder Yida Gao is going back to his MIT roots, this time to begin his second year as adjunct professor at the prestigious Massachusetts Institute of Technology, where he teaches 15.492 Crypto Finance.
In his first year as a lecturer at MIT, Yida Gao was known for inviting special guests to join and speak to his class.
Yida Gao, who is also Managing General Partner at Shima Capital, has a long history of success in crypto finance, most recently with regards to running his $200 million web3 venture capital fund.
The course description for 15.492 Crypto Finance reads: "Explores the markets for cryptocurrencies, such as Bitcoin.

Datacentre UK Receives Schneider Electric's First Sustainability Impact Award in the United Kingdom and Ireland

Retrieved on:

Thursday, March 23, 2023

Pressure, Original equipment manufacturer, Education, Celsius, Human Systems Integration, Carbon, PUE, Climate change, Originality, Schneider Electric, United Kingdom, OEM, SVP, Cryptocurrency, Renewable energy

Datacentre UK wins award for outstanding efforts in decarbonising their customers' data centres and for prioritising sustainability, efficiency and reduced operating costs

Key Points:

Datacentre UK wins award for outstanding efforts in decarbonising their customers' data centres and for prioritising sustainability, efficiency and reduced operating costs
LONDON, March 23, 2023 /PRNewswire/ -- Schneider Electric, the digital partner for sustainability and efficiency, has today announced Datacentre UK , experts in designing, building and supporting data centres, server rooms and comms rooms, as a winner of the Schneider Electric Sustainability Impact Award in the UK and Ireland.
Datacentre UK received the award for enabling its customers to achieve their decarbonisation goals by prioritising energy efficiency within their data centre designs and operations.
As the world becomes more electric, Schneider Electric facilitates sustainable practices with solutions that are simplified, open, and digital.
Schneider Electric is also planning to extend this award to suppliers and customers/end users in 2023.

Datacentre UK Receives Schneider Electric's First Sustainability Impact Award in the United Kingdom and Ireland

Retrieved on:

Thursday, March 23, 2023

Datacentre UK wins award for outstanding efforts in decarbonising their customers' data centres and for prioritising sustainability, efficiency and reduced operating costs

Key Points:

Datacentre UK wins award for outstanding efforts in decarbonising their customers' data centres and for prioritising sustainability, efficiency and reduced operating costs
LONDON, March 23, 2023 /PRNewswire/ -- Schneider Electric, the digital partner for sustainability and efficiency, has today announced Datacentre UK , experts in designing, building and supporting data centres, server rooms and comms rooms, as a winner of the Schneider Electric Sustainability Impact Award in the UK and Ireland.
Datacentre UK received the award for enabling its customers to achieve their decarbonisation goals by prioritising energy efficiency within their data centre designs and operations.
As the world becomes more electric, Schneider Electric facilitates sustainable practices with solutions that are simplified, open, and digital.
Schneider Electric is also planning to extend this award to suppliers and customers/end users in 2023.

SaveChain Selected to Join Plug and Play's Digital Assets Batch #2

Retrieved on:

Thursday, March 16, 2023

SAN FRANCISCO, March 16, 2023 /PRNewswire/ -- SaveChain , a fintech startup, is closer to launching its Web3 bank accounts after being accepted into Plug n Play's prestigious Digital Assets Accelerator.

Key Points:

SAN FRANCISCO, March 16, 2023 /PRNewswire/ -- SaveChain , a fintech startup, is closer to launching its Web3 bank accounts after being accepted into Plug n Play's prestigious Digital Assets Accelerator.
SaveChain's presentation was voted as one of the best by 30+ Plug n Play's corporate partners.
Financial institutions, such as Visa, Charles Schwab, Wells Fargo, Sumitomo attended the Digital Asset Selection Day at Plug n Play HQ in Sunnyvale, California.
SaveChain is already gaining attention from traditional banks and financial institutions, actively seeking partnerships to expand its services and reach a broader audience.