Breaking: Ripple Labs Likely To Buy Celsius Assets?

Ripple Labs, the company behind cryptocurrency XRP, is a potential buyer of Celsius network's assets. According to a Reuters report, the blockchain payments company is interested in Celsius' assets but there is no clarity on the exact plans.

Timeline of Celsius, Xrp

San Francisco-based blockchain payments company Ripple Labs Inc is interested in potentially purchasing assets of bankrupt crypto lender Celsius Network, according to a company spokesperson.

SaaS startup Heirloom raises $8 million to onboard enterprise firms into the Web 3.0 ecosystem using the XRP Ledger.  The post Heirloom raises $8 million from Ripple and Forte to onboard enterprises into web3 appeared first on The Block.

The U.S. Securities and Exchange Commission (SEC) has put all its strength to protect the Infamous Hinman speech related documents. However, Ripple and other defendants in the lawsuit have filed their reply over the Commission's objection to the court orders.

The Terra-UST collapse has led to a domino effect in the crypto space which does not appear to have settled. As Celsius Network reported a liquidity issue, the withdrawals & transfers were halted. However, as it filed for bankruptcy, the trouble raised notably which peaked as the US regulators tightened their grip over the platform.

Last week, news of Celsius' motion to hire its ex-CFO Rod Bolger on a contract basis for $92,000 a month made the rounds. Once the community caught wind of this, users began to share their opinions of the motion, and as expected, the majority was not impressed with this move.

BlackRock Inc entered into a partnership with Coinbase Global Inc in a bid to provide digital asset exposure to its users. However, an expert suggests that this deal is a win-win situation for Ripple's XRP token.

A court filing submitted Friday in the Southern District of New York states that the bankrupt cryptocurrency lender Celsius has dropped its plea to reinstate former CFO Rod Bolger, reported CNBC. The withdrawal notice was published just before a Monday, August 8 hearing to review it.

According to a court filing in the Southern District of New York, lending platform Celsius has withdrawn its motion to hire former CFO, Rod Bolger. The motion would have had the CFO paid $92,000 per month for a period of at least six weeks, prorated.

Celsius has withdrawn its motion to rehire former CFO Rod Bolger as a consultant, according to an August 5 court filing. The post Celsius backtracks on hiring former CFO as consultant appeared first on CryptoSlate.

U.S. Securities and Exchange Commission (SEC) added more digital assets to its list of “securities”, lately. However, the XRP holders' lawyer came has alarmed crypto supporters and Congress over the SEC's unlawful expansion of the Howey Test in the due time.