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Genova Burns tapped for BlockFi bankruptcy case
The Newark law firm will provide local counsel for the proceedings, working with the national bankruptcy and cryptocurrency groups at Brown Rudnick LLP.
BlockFi files for bankruptcy
The move by the Jersey City-based crypto company comes amid an industry-wide downturn and on the heels of FTX’s dramatic fall.
Deadline approved for Celsius customers to file proofs of claim
The announcement is the latest in a roller coaster year for the Hoboken-based crypto lender, which filed for bankruptcy over the summer.
Celsius CEO Mashinsky steps down
“I regret that my continued role ... has become an increasing distraction, and I am very sorry about the difficult financial circumstances members of our community are facing,” Alex Mashinsky wrote. The crypto lender filed Chapter 11 this summer.
Floating Point Group makes first marketing hire
“Blockchain and cryptocurrency are remarkably unsuccessful as a cohort in communicating what they do,” said co-Founder of Floating Point Group Kevin March. “Chris’s experience as a marketing leader at several exceptional businesses will help us refine our message as an institutional audience that’s overwhelmed with new information and show tangible examples of how we’ve helped customer[...]
Crypto firm adds former J.P. Morgan, Wells Fargo exec to team
Peter Eliades joins Hoboken-based Floating Point Group as head of distribution and will oversee sales and business development teams in the U.S. and APAC regions.
Hoboken-based Celsius files for bankruptcy
One month after abruptly pausing withdrawals on its platform, the crypto company announced Wednesday that it initiated voluntary Chapter 11 proceedings.
How one Hoboken company got caught up in the crypto collapse
“Due to extreme market conditions, today we are announcing that Celsius is pausing all withdrawals, Swap, and transfers between accounts,” a recent post read on the company's blog. The memo, which came amid a wider collapse of the cryptocurrency market, created uncertainty for Celsius’ roughly 500,000 users who have as much as $8 billion in deposits frozen. It also marked a dramatic and swif[...]
London crypto firm names CEO of US arm
Nicola White, who joined the company in July 2021 as president of B2C2 USA, succeeds Rob Catalanello.
Tech company expands into Cedar Knolls data facility
Singularity Future Technology, formerly known as Sino-Global Shipping America Ltd., will join other firms at the 300,000-square-foot facility located at 9 Wing Drive.
BlockFi: 1 in 3 women plan to purchase crypto this year
The Real Talk: Women x Crypto 2.0 survey asked female Americans about their current motivations, behaviors and dispositions around investing in cryptocurrency, financial wellness, and career aspirations.
Celsius appoints Bolger as new CFO
Rod Bolger brings more than three decades of experience to the Hoboken-based global cryptocurrency lending and borrowing platform.
