Ripple Interested in Buying Up Celsius' Distressed Crypto Assets: Report

San Francisco payments firm Ripple is reportedly interested in buying assets from bankrupt crypto lending platform Celsius. According to a report from Reuters, a spokesperson for Ripple said that the company was looking to see if there was any synergy between it and Celsius' assets.

Timeline of Celsius, Xrp

Struggling cryptocurrency lender Celsius has dropped the motion to rehire its former chief financial officer (CFO) Rod Bolger to assist the platform with bankruptcy proceedings in an advisory capacity.

Ripple Labs could be interested in buying the assets of embattled crypto lender Celsius Network, Reuters reported August 10. The post Ripple shows interest in acquiring Celsius appeared first on CryptoSlate.

DR San Francisco-based company Ripple Labs Inc is potentially interested in purchasing assets of bankrupt Crypto Lender: Celsius. Ripple is actively looking for market opportunities to “strategically scale the company,” according to Ripple's spokesperson.

When Celsius paused withdrawals on June 13, 2022, they set into motion a large chain of events. More than a million Celsius customers were immediately denied access to their digital 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.

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.