Court documents reveal that Fahrenheit has won the bid to acquire Celsius Network. The Fahrenheit group must provide a $10 million deposit within three days to complete the process. Cryptocurrency consortium Fahrenheit has won the bid to acquire insolvent crypto lender Celsius Network, court documents revealed. Fahrenheit will acquire Celsius Networks institutional loan portfolio, staked…
Charles Barkley and Michael Jordan, two NBA legends known for their dominance on the court, also shared a common love for gambling. Behind their intense rivalry, these icons had a deeper connection when it came to their addiction to taking risks. While Jordans gambling habits caused a major controversy, Charles Barkley confessed to losing a…
NBA legends Michael Jordan and Charles Barkley shared many qualities on the court. Be it the leadership role or the dominance on the court, Jordan and Barkley were on top of their game. Despite being rivals, both shared a similar competitive drive and hated to lose. However, behind the scenes, these two icons shared something…
Croydon Council has declared bankruptcy for the third time in two years. Photo by Dan Kitwood/Getty Images. This article was originally published on 19 December. It has been republished following the news today (25 May 2023) that Woking borough council now has a total debt of 1.9bn. Ministers have stepped in and appointed external commissioners…
Celsius named Fahrenheit, an association of various crypto companies and investors, the successful bidder in the auction for the bankrupt crypto lenders assets on Wednesday, according to a court filing. Fahrenheit is composed of venture capital firms Arrington Capital and Proof Group, mining group U.S. Bitcoin, as well as investors Steven Kokinos and Ravi Kaza.…
Member Article ‘One Step Forward, One Step Back’ For North East Firms As Insolvency Figures Stay High North East business owners could be taking one-step forward, one-step back through the rest of the year as the full impact of recent economic shockwaves work their way through the system. Thats the view of the North East…
In an email to ifa on Thursday, Advice Intelligence confirmed it has entered voluntary administration following the decision from its investor, Regal Funds Management, opting to withdraw future funding. This decision, the firm confirmed, is founded upon a landscape of high-interest rates, economic uncertainty, and the overall tightness of capital markets. CEO Jacqui Henderson explained…
WYLIE & Bisset, Accountants and Business Advisers, has said that profitable businesses that suffered financially during the coronavirus pandemic are now being squeezed by a cost-of-living crisis which has led to a high level of Scottish insolvency activity. The number of insolvency-related activities in Scotland has reached its highest level this year, according to new research…
The Insolvency Service Published 24 May 2023 Crown copyright 2023 This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. To view this licence, visit nationalarchives.gov.uk/doc/open-government-licence/version/3 or write to the Information Policy Team, The National Archives, Kew, London TW9 4DU, or email: [email protected]. Where we have identified any…
The Insolvency Service Published 24 May 2023 Crown copyright 2023 This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. To view this licence, visit nationalarchives.gov.uk/doc/open-government-licence/version/3 or write to the Information Policy Team, The National Archives, Kew, London TW9 4DU, or email: [email protected]. Where we have identified any…