Ripple Labs may consider buying the assets of bankrupt crypto lending platform Celsius.
Celsius was a crypto lending platform, which was providing lending & loan services to the users on behalf of the assets held on the platform but in June of this year platform faced a lack of liquidity issue on its platform because of the extreme volatility in the market. On 13 June, Celsius officially announced to suspend crypto swap & withdrawal from its platform.
On 10 August, Reuters reported that Ripple may show its significant presence in the Celsius platform ahead of its outage because of a lack of liquidity & mismanagement of the platform operations.ย
According to the report, San Francisco-based Fintech firm Ripple may consider buying assets of the Celsius platform, citing a company representative.ย
When it was asked about this report from one of the spokespeople from Ripple the spokesperson said that the company was analyzing to figure out the assets, which can be useful for the Ripple company.
“(Ripple) Company was โinterested in learning about Celsius and its assets and whether any could be relevant to our business.โ
Ripple vs SEC
At present, Ripple is under legal hurdles because of a lawsuit that was initiated by the US Securities and Exchange Commission (SEC) in December 2020.
Through the lawsuit, the SEC agency claimed that the native token of Ripple is security and should be registered with the agency.
It is interesting to see that Ripple is focusing on business expansion in the whole crypto market, instead of targeting its self-business model.
Once in the past, Ripple boss Brad Garlinghouse talked about the efforts of the Ripple company and said that Ripple secured huge success in the whole crypto industry in terms of the real need for crypto liquidity platform ODL and also worked to develop the Central Bank Digital Currency (CBDCs).
Read also: US SEC will investigate against yield and staking products of Coinbase
Ripple seems interested in the assets of Celsius
https://bitcoinik.com/ripple-seems-interested-in-the-assets-of-celsius/feed/
https://bitcoinik.com/ripple-seems-interested-in-the-assets-of-celsius/feed/
๐๐Get ready for the biggest ICO of 2022.
โ
ICO starts from August 16, 2022
โ
ICO= Initial Coin Offering. Where you can purchase tokens at base price.
โ
ICO has different rounds with different price.
โ
Round-1 price: $0.0005
โ
Round-2 price: $0.001
โ
Round-3 price: $0.002
โ
Round-4 price: $0.004
โ
Round-5 price: $0.008
๐ICO will be finished on September 15, 2022.
๐Trading will start after ICO completion.
๐๐EXCHANGE LISTING PRICE: $0.02 per KST. That is 40x than ICO Round-1 (Seed round)๐๐
๐ฉ๐ปโ๐ปFor more details pls read pdf in marketing tools section in dashboard.
#koinswap #kst #nft #metaverse #blockchain
๐๐๐๐๐๐๐๐ผ๐๐๐๐ ๐๐๐๐๐๐ฝ
https://koinswap.io/register?referralcode=CFxqfP
โฌโฌโฌโฌโฌโฌโฌโฌโฌโฌโฌโฌโฌโฌ
THIS IS A LIFE CHANGING OPPORTUNITY
*REGISTER N VERIFY UR MAIL N GET 1000 COIN FOR FREE*
TODAY KOINSWAP IS GIVING US 1000 COIN FREE BUT NO ONE CARE TO TAKE IT
๐๐๐๐๐๐
https://koinswap.io/register?referralcode=CFxqfP
JOIN THE GROUP FOR MORE UPDATES
https://chat.whatsapp.com/BGUVkqhI6mg1p9XdJXzBwl
In 2009 you missed# BITCOIN
2014 you missed# DOGE
2015 you missed# XRP
2016 you missed# ETH
2017 you missed# ADA
2018 you missed# BNB
2019 you missed# LINK
2020 you missed# DOT
2021 you missed# SHIBA
https://koinswap.io/register?referralcode=CFxqfP
—————————————————————————————————————————————-
Risk Reminder:
Trading foreign exchange and/or contracts for differences on margin carries a high level of risk and may not be suitable for all investors.
The possibility exists that you could sustain a loss in excess of your deposited funds.
Before deciding to trade the products reviewed by Cryptonews24.eu, you should carefully consider your objectives, financial situation, needs and level of experience.
You should be aware of all the risks associated with trading on margin.
Cryptonews24.eu provides general news and advice that does not consider your objectives, financial situation or needs.
The content of this website must not be construed as personal advice.
Cryptonews24.eu recommends you seek advice from a separate financial advisor.
Nothing on this website should be considered financial advice.
This website is for informational purposes only and you should not rely on anything that is printed or said on this website to make any financial decisions.
