Celsius Issues Statement Regarding Pending Withdrawals for Eligible Users

Bullet Points:
1. Celsius, a bankrupt cryptocurrency lending firm, has issued an official statement regarding the pending withdrawals for eligible users.
2. Eligible users are required to update their accounts with AML and KYC information before withdrawals can be processed.
3. Users will also be informed of the gas and transaction fees associated with the withdrawal process.

Celsius, a bankrupt cryptocurrency lending firm, has recently issued an official statement regarding the pending withdrawals for eligible users. The statement, which was included in a 1,411-page court filing with the US Bankruptcy Court in the Southern District of New York, provides a list of users who will be able to retrieve approximately 94% of their eligible custody assets. The remaining 6% of assets will be determined at a later date.

In order for these withdrawals to be processed, eligible users are required to update their Celsius accounts with the necessary information. This includes Anti-Money Laundering (AML) and Know Your Customer (KYC) data, as well as the withdrawal destination address. Failure to provide the necessary information will result in the inability to withdraw assets. Users will also be informed of the gas and transaction fees associated with the withdrawal process. Those who do not have sufficient funds in their accounts to cover these fees will not be able to withdraw their assets.

The release of this information follows a court filing submitted by the court-appointed examiner, Shonu Roy. In the filing, Roy was tasked to investigate the events leading up to the bankruptcy of Celsius, as well as to make recommendations on how to best manage the remaining assets. Roy’s report concluded that Celsius had violated several provisions of the Bankruptcy Code, including improper transfers of assets and failing to maintain proper accounts and records.

With the release of this information, users with eligible accounts can now begin the process of retrieving their assets. This will be a complex process with several steps that need to be followed in order to ensure that all funds are retrieved without any issues. Those who have any questions about the process are urged to contact their customer service representatives for further information.

Crypto Market Plunges as Major Macro Events Take Toll

• Bitcoin price lost its crucial $23K resistance level
• Major macro events could be the reason for the crypto market downfall
• Bitcoin and other large cap cryptocurrencies are highly correlated with tech stocks

The crypto market kicked off the year 2023 on a high note, with most cryptocurrencies reaching high trading areas. But the market has since taken a U-turn, with most large cap currencies registering a loss. The Bitcoin price has dropped by nearly 1.5% in the last 24 hours and is now trading at $22,656, while the lead altcoin, Ethereum, has lost 4.57% and is now trading at $1,553.

Investors have become less optimistic about Bitcoin’s price action, which could be a major factor behind the currency’s downward movement. Bitcoin and other large cap cryptocurrencies are highly correlated with tech stocks, so the recent macro events may have caused the crypto market to suffer.

The last three weeks of January have seen strong performance from cryptocurrencies, but the market is now in a downward trend. This could be due to the fact that investors have become less optimistic about Bitcoin’s price action, and that the currency is highly correlated with tech stocks. In addition, macro events in the market could be a major factor in the decline of the crypto market.

Bitcoin’s decline in value has been mirrored by other major cryptocurrencies, with Ethereum, XRP, and Cardano all registering losses in the last 24 hours. With this in mind, investors need to be aware of the risks associated with the crypto market, as a sudden and unexpected change in the market can lead to significant losses.

The crypto market is ever-changing, and investors need to stay up to date with the latest news and developments. By keeping an eye on any major macroeconomic events taking place, investors can be better equipped to make informed decisions regarding their investments.

Terra (LUNA): Revolutionizing the Payment Layer of the Blockchain

Overview:
• Terra (LUNA) is a digital currency that has revolutionized the payment layer of the blockchain by removing the need for intermediaries or authorization.
• LUNA, the native asset of Terra, is being used in mining and for administration and has the potential to surge as high as $20.76 by the end of 2030.
• This write-up illustrates the feasible price predictions for 2023 and the years to come.

Terra 2.0 (LUNA) is a revolutionary digital currency that has swept the cryptocurrency market and has the potential to surge as high as $20.76 by the end of 2030. It has ushered in a new era as a fully decentralized payment mechanism by replacing the traditional payment layer on the top of the blockchain. In some ways, it increases transparency by removing the need for intermediaries or authorization.

LUNA, the native asset of Terra, is being used in mining and for administration. It is a configurable asset that tackles performance, scalability, and availability challenges. The recent de-peg event called for a new Terra (LUNA) to the older one, which is now Terra Classic (LUNC).

The price of Terra (LUNA) is expected to reach a maximum of $3.63 by the end of 2023. After the series of devastating events, investors still have concerns over Terra 2.0, however, it is believed that with a potential surge, the LUNA coin could reach as high as $20.76 by the end of 2030.

Terra (LUNA) is an innovative digital currency that has the potential to revolutionize the payment layer of the blockchain by removing the need for intermediaries or authorization. This write-up illustrates the possible price predictions for 2023 and the years to come.

Analysts believe that LUNA has the potential to reach new heights in terms of price and market capitalization. The current market capitalization of Terra (LUNA) is $856 million and with a potential surge, the LUNA coin could reach as high as $20.76 by the end of 2030.

Additionally, the year 2023 is expected to be a good year for Terra (LUNA) with an expected maximum of $3.63. Despite the series of disastrous events, investors are still confident in the long-term potential of the digital currency.

Overall, Terra (LUNA) is a revolutionary digital currency that has the potential to surge as high as $20.76 by the end of 2030. The recent de-peg event called for a new Terra (LUNA) to the older one and LUNA is being used in mining and for administration. Analysts believe that the price of Terra (LUNA) is expected to reach a maximum of $3.63 by the end of 2023. It is a configurable asset that tackles performance, scalability, and availability challenges and has the potential to revolutionize the payment layer of the blockchain by removing the need for intermediaries or authorization.

Shiba Inu (SHIB) Price Soars: Predicts 110% Upswing!

• Shiba Inu (SHIB) has been gaining strength, and its price has risen beyond $0.000009 in a short time.
• The bearish market sentiment has not been able to suppress the SHIB price, which may continue to range high.
• Analysts are predicting that the SHIB price is due for a major upswing of more than 110% very soon, as a result of a ‚Adam & Eve‘ pattern being formed.

The cryptocurrency space is alive and kicking, as the prices of various coins are showing signs of strength. One such coin which is experiencing an upward trend is Shiba Inu (SHIB). In a span of just a few days, the SHIB price underwent a notable upswing and raised the price beyond $0.000009. Although the bears are trying hard to squeeze the price, the SHIB price may still range high, getting triggered by bullish market sentiments and favorable news.

The SHIB price had witnessed a steep descending trend ever since the markets collapsed in November 2022 due to the collapse of FTX. The price continued to decline as the bears took control of the market and the SHIB price marked the yearly lows around $0.00000778. However, the price slowly started to recover towards the end of the year and at the start of the new year, the SHIB price is trading at $0.000009137 with a 24hr jump of 2.55%.

Notably, the price is being driven higher by the strength of Bitcoin, as the primary crypto asset is showing signs of bullishness. The market indicators are also flashing bullish signals, as the Bollinger bands exploded towards the north after experiencing a squeeze during the first few days of 2023. Furthermore, analysts are predicting that the SHIB price is due for a major upswing of more than 110% very soon, as a result of a ‚Adam & Eve‘ pattern being formed.

This pattern is one of the varieties of a double bottom pattern, which is largely considered as bullish. Thus, the price may go beyond the $0.00001 mark, if the bullish market sentiments continue. Moreover, the upswing in SHIB prices may result in the coin entering the top 10 cryptocurrencies, which will be a notable achievement for the SHIB community.

Overall, the Shiba Inu (SHIB) is looking to make a mark in the crypto space, as the prices are showing signs of strength and the coin may enter the top 10 cryptocurrencies very soon. The future of SHIB looks very promising and investors should keep a close eye on the price movements in order to get the most out of their investments.

Dogecoin and FLOW Struggle, Orbeon Protocol Soars: Crypto Market Continues to Fluctuate

• Dogecoin (DOGE) and FLOW have been underperforming due to social media buzz and lack of transparency.
• Orbeon Protocol (ORBN) has seen strong gains and continues to garner investor interest.
• FLOW (FLOW) is a fast, decentralized platform designed to serve a new generation of games and digital assets.

The cryptocurrency market has been quite volatile lately, with some digital assets experiencing huge gains while others suffer losses. Dogecoin (DOGE) and FLOW have been two of the worst performers, with the former failing to maintain its initial hype and the latter facing criticism for its lack of transparency. On the other hand, Orbeon Protocol (ORBN) has seen tremendous growth and is currently selling for $0.0362 in its third presale phase, a gain of more than 805%.

Dogecoin, which rose to fame due largely to social media buzz, has struggled to maintain stability. Its price has been quite erratic, with the coin hitting a high of $0.08 in early 2021 before plunging back to its current value of around $0.0054. The coin has also been plagued by scalability issues due to its reliance on the Ethereum network.

Similarly, FLOW has faced criticism for its centralization and lack of transparency. Despite the team’s best efforts to make the network more open, the project has failed to gain the support of the broader cryptocurrency community. As a result, the price of FLOW has been in a steady decline, with the coin currently trading at around $0.18.

In contrast, other cryptocurrencies like Orbeon Protocol (ORBN) have seen strong gains. The project is a decentralized protocol that seeks to make crowdfunding accessible to everyone. Using ORBN, users can launch campaigns with minimal effort and raise funds in a secure and transparent manner. ORBN has already rallied over 805% as it’s currently selling for $0.0362 in the third presale phase.

FLOW (FLOW) is another cryptocurrency that is gaining traction. The network is a fast, decentralized platform designed to serve a new generation of games and digital assets. The team has created a layer-one blockchain that is developer-friendly, making it easier for developers to build on the Flow network. The Flow ecosystem comprises the leisure brands, development studios, and venture-backed infrastructure required to make Flow a vibrant community.

Staking FLOW allows transaction validators and digital asset producers to receive incentives on the network. The FLOW token is also expected to act as a reserve asset in the long term, securing the platform’s economy. Despite its technical capabilities, FLOW has had a difficult year, with the coin currently trading at around $0.18.

It’s clear that the cryptocurrency market is still in a state of flux, with different digital assets performing differently. Dogecoin (DOGE) and FLOW have been struggling due to various issues, while Orbeon Protocol (ORBN) has seen strong gains. FLOW (FLOW) is a fast, decentralized platform with great potential, but it remains to be seen if the project can live up to its hype.

Huobi Exchange Faces Controversy After Staff Layoffs, Wage Cuts

• Justin Sun’s Huobi Exchange has been facing difficulty recently due to reports of the company drastically reducing its workforce and blocking internal staff communication channels.
• Huobi announced that it is decreasing personnel by 20%, and Justin Sun confirmed that the safety of users‘ assets will always be maintained.
• Colin Wu revealed that Sun had altered the way that staff wages at Huobi were paid from being paid in fiat currency to being paid in either Tether (USDT) or USD Coin (USDC).

Justin Sun’s Huobi Exchange has been facing difficulty in recent days, as reports of the company drastically reducing its workforce, forcing workers to accept their wages in stablecoins, and blocking internal staff communication channels have come to light. The cryptocurrency community at large has been speculating that the exchange is headed for insolvency.

Huobi Global has confirmed its intentions to decrease personnel by 20%, with advisor Justin Sun representing the business publicly. In a tweet sent on January 5, Sun said that the commercial growth of the exchange was going well and that the safety of the users‘ assets will always be maintained to the fullest extent.

However, the situation took a turn for the worse when cryptocurrency writer Colin Wu revealed that Sun had altered the way that staff wages at Huobi were paid from being paid in fiat currency to being paid in either Tether (USDT) or USD Coin (USDC). Additionally, Wu noted that employees on staff who were opposed to the move may be terminated.

The controversy has caused Huobi’s exchange token and trading volume to take a hit, as the cryptocurrency community continues to speculate on the company’s future. Sun has since tried to reassure the community by reiterating that the safety of the users‘ assets will always be the utmost priority, and that the exchange will continue to work towards the development of the crypto industry with the help of the community.

For now, it is unclear what the future holds for Huobi Exchange, but it will be interesting to see how the company will handle the situation and if it will be able to make a comeback.