Bankrupt crypto lender Celsius was granted an extension on its exclusivity period until Feb. 15, 2023. The court approval would give the troubled crypto lender another couple of months to file for a Chapter 11 restructuring plan. The approval to extend the exclusivity period came after two court hearings on Dec. 6. Celsius, in an official tweet, said that they requested approval to permit the sale of stablecoin, aimed at providing liquidity for continued operations The Judge has indicated that he will share his decision soon, likely next week. Celsius hopes to use the extension period to develop a plan …

The Supreme Court of Bahamas issued an order in favor of the Securities Commission on November 21, ordering the troubled crypto exchange to pay reimbursement fees to the regulator for holding its digital assets post its bankruptcy filing on Nov. 11. The Supreme Court placed FTX’s digital assets under the supervision of the Securities Commission on Nov. 12. The commission in its public notice acknowledged the judgment and noted that all reimbursements would be done after approval from the Supreme Court. The official statement obtained by Cointelegraph read: “The Order secured today confirms the Commission is entitled to be indemnified …

Plaid is a fintech company that facilitates communication between financial services apps and users’ banks and credit card providers. In FTX.US’ case, its products enable users to allow FTX.US customers to connect their bank accounts to the FTX app. This would then allow FTX.US to request payments that will be processed by the ACH network. In a pinned Tweet on Nov. 12, Plaid announced it has suspended FTX’s access to Plaid products as of approximately 6:30 am UTC on Nov. 12, meaning that “FTX can no longer retrieve any financial information via Plaid.” Plaid suspended FTX’s access to Plaid products …

An open-source blockchain technology project has launched a smart contract that enables atomic swaps between fiat and crypto. Nimiq says the OASIS protocol means that someone who is completely new to the world of crypto can create a self-custodial wallet and buy NIM and BTC directly from their bank account in only five minutes. No sign up or installation is required, and fees come in at just 1.25%. Support for other cryptocurrencies, including Ether and Litecoin, is set to follow in the future. The project was founded with a crystal-clear objective of making crypto easy and available for everyone — …

Major cryptocurrency exchange Poloniex announced that it now allows its customers to use credit cards and bank accounts on the platform in a Medium post published on July 9. Per the release, exchange users from 80 countries can now directly move funds to and from their bank accounts, which will be automatically converted into stablecoin USD Coin (USDC) on Poloniex. Initially, the weekly limits are $50,000 for deposits and $25,000 for withdrawals, but the exchange admits that those limits can be increased to fit the needs of specific customers. Customers in more than 60 jurisdictions will be able to purchase …

Crypto wealth management and lending company BlockFi has lowered the interest rates for their biggest cryptocurrency deposit accounts, according to an official blog post on March 22. BlockFi launched the BlockFi Interest Accounts (BIA), cryptocurrency accounts supporting Ethereum (ETH) and Bitcoin (BTC), earlier in March. The accounts initially offered a 6.2 percent annual interest paid monthly in crypto. The company’s further analysis showed that almost 75 percent of the clients have a balance of less than 5 BTC or 150 ETH, while the median account balance is $7,000. Per the recent announcement, balances of up to or including 25 BTC …

Note: The following piece was submitted as part of Cointelegraph’s Tell us your bank horror story article contest presented to you by Shapeshift.io—the fastest way to swap cryptocurrencies. Only the best articles will be published in no particular order in the run up to December 15. On this date, Cointelegraph will conduct a public poll to determine which story resonates most with our audience. Good luck and happy reading! *** This is actually a cautionary tale against spontaneous joint accounts. It really is a good idea to make sure that your funds and identity are secure and separate unless you …