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 …

Hong Kong-based crypto lending firm Babel Finance has eased some of its immediate liquidity troubles by reaching debt repayments agreements with some of its counterparties. As previously reported, the firm issued a temporary suspension of redemptions and withdrawals from its products on Friday after citing “unusual liquidity pressures” in the current bear market. The company stated it was taking swift action to protect clients and communicate with “all related parties.” In an update posted on Monday, Babel Finance stated that it has since taken three steps to help ease its current liquidity situation. These include carrying out an emergency assessment …

Mike Novogratz’s crypto investment firm, Galaxy Digital Holdings, has posted a second-quarter loss of $175.8 million. The figure provides a stark contrast to the firm’s first-quarter report, which booked $860 million in comprehensive net profit earlier this year. Galaxy Digital posted its financial results as of June 30 on Monday, with the firm attributing the $175.8-million Q2 loss to asset price declines after FUD-inducing narratives fueled the crypto downturn in May. “During the quarter, our results were impacted by a 34% decline in overall digital asset prices and a 41% decline in the price of Bitcoin, relative to the end …

Bitcoins are widely called “digital gold,” so it's fitting that many crypto fans like their physical gold, too. Several companies have sprung up in the last two years to serve this bitcoins-to-gold market. Why buy gold? Some choose it as a savings instrument, others a trading commodity, and still others as a fiat-free hedge against crypto volatility. Whatever your purpose, the following five companies may pop up onto your radar: Serica This San Francisco-based company was rebranded this year from the name DigitalTangible. They've been called a “trailblazer in the gold-bitcoin space” for launching the first online gold/bitcoin trading platform …

According to mathematician Meni Rosenfeld, Israel is a Bitcoin “forerunner.” With large numbers of users in the country, the number of startups and merchants continues to grow. Rosenfeld says: “I think the Bitcoin community in Israel is more coherent than in many other places in the world, which can be attributed to the small size of the country. Everyone is in driving distance from anyone else, so its much easier to breed communities that actually meet up and cooperate.” Among the list of Israel-based startups, Bits of Gold — in which Rosenfeld is an investor — GetGems and Polycoin lead …

Cointelegraph is partnering with not one but two blockchain services by revered crypto 2.0 startup CoinDaddy. Together, these tools bring enhanced opportunities to both readers and advertisers alike courtesy of the Cointelegraph Media Group. The partnership comes hot on the heels of CoinDaddy’s own launch of CounterpartyChain.io and DogepartyChain.io, which provide transaction and asset analysis for the Counterparty and Dogecoin blockchains respectively. The services allow users to gain a considerably greater insight into a transaction: the flow of assets can be visualized and further details can be seen regarding asset and broadcast details. Specifically, these include blockchain statistics, the latest …

Cointelegraph and The Counterparty Foundation are proud to announce a special giveaway contest where you will have the chance to receive a coupon for US$20 as well as US$10 in XCP! Additionally, participants will also get the chance to join the Counterparty Foundation community, which works to foster the growth and open development of the Counterparty platform. In the community spirit, the contest will involve your active participation. So get involved! Simply follow these steps: 1. Register with the Counterparty Foundation using the following link and join as an Annual Community Supporter for a reduced membership fee of only US$30. …

Cointelegraph has already reported on the occasion of Bitcoin receiving its personal and particular smell in form of BitCologne. Today, we are glad to present the fact that the most famous and favorable cryptographic coin is able to inspire creation of fine art, literature and other forms of masterpieces. The Inspiring Nature of Bitcoin On the technological level Bitcoin succeeded to pioneer the massive movement of creation of new alternative currencies. The introduction of Counterparty allowed adding numerous coin names to already existing hundreds of assets. Bitcoin has also entered the internet folklore – starting with memes and visualized jokes, …