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FDIC : Deposit Insurance does not Apply upon the Failure of a Non-bank, such as a Crypto Company

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the staff of the Ridgewood blog

Washington DC, the Federal Deposit Insurance Corporation (FDIC) today published the Fact Sheet: What the Public Needs to Know About FDIC Deposit Insurance and Crypto Companies.

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Hoboken Based Crypto Lender Celsius files for Bankruptcy Protection

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the staff of the Ridgewood blog

Hoboken NJ, Celsius has started the process of filing for Chapter 11 bankruptcy protection. The Hoboken, New Jersey-based company made headlines a month ago after freezing customer accounts, blaming “extreme market conditions.”

Continue reading Hoboken Based Crypto Lender Celsius files for Bankruptcy Protection