Troubled crypto lender Celsius could repay its USD claims without giving away any other assets if Bitcoin and Ether price rise by 2X from its current price, based on a new estimate.
Dixon noted that these estimates are based on “imperfect knowledge made by the BF internal investment banking team with no access to privileged information.” The new restructuring plan under Fahrenheit includes mining, institutional loans and investments valued at approximately $1.4 billion along with $450 million in liquid crypto.
The BF also shared a comparison between Fahrenheit's recovery plans and BRIC’s wind-down plans. The total recovery under the orderly wind-down comes to $3,519 million which exceeds the total assets available at $3,417 million. This discrepancy is accounted for by the variable cost.The return to retail borrowers is approximately $339 million. BF estimates suggest recovery is about 65% for both options, which could increase to about 75% assuming 10% of claims are unclaimed. 41.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Gold and Silver Outlook: XAU/USD, XAG/USD May Rise as Retail Traders Turn BearishGold and silver prices have been rising in recent days amid the drop in Treasury yields and the US Dollar. Retail traders have increased bearish exposure, is this a sign XAU/USD and XAG/USD may rise?
Weiterlesen »
USD/CAD remains on the defensive near the 1.3170 mark amid the weakening USDThe USD/CAD pair remains under pressure and currently trades around 1.3160 regions in the early Asian session. The weakening US Dollar is backed by th
Weiterlesen »
Binance US Records Massive Discrepancies as USD Exchange Rates Plummet by 16% in July – Bitcoin NewsBitcoin’s valuation on Binance US is roughly $5,000 lower than the worldwide average in relation to the USD pair.
Weiterlesen »
Bitcoin, Ethereum Technical Analysis: BTC, ETH Continue to Consolidate, Following Recent Gains – Market Updates Bitcoin NewsBitcoin started the week trading around the $30,000 mark, as the cryptocurrency market continued to consolidate following last week's gains.
Weiterlesen »
EUR/USD will rise to 1.18 and USD/JPY will fall to 123 by end-2024 – BNP ParibasEconomists at BNP Paribas believe that the USD is in the early stages of a structural decline and expect EUR/USD to rise to 1.18 and USD/JPY to drop t
Weiterlesen »
Celsius Estate Settles With Series B Holders Over Proceeds of GK8 Sale.CelsiusNetwork has settled with some of its shareholders over the sale of GK8 as the crypto lender's bankruptcy hearing looms. thesamreynolds reports.
Weiterlesen »