Minn ZyCrypto - 1 sena ilu - Ħin tal-Qari: 2 minuti
XRP On Growth Path As Ripple Considers Purchasing Assets Of Cash-Strapped Firm Celsius
Ripple, the blockchain payments company behind the XRP cryptocurrency, is reportedly considering acquiring assets belonging to beleaguered crypto lending firm Celsius.
According to a Reuters report, a spokesperson from Ripple disclosed that the firm was “interested in learning about Celsius and its assets,” in addition to assessing whether any of them could be relevant to their business. The move was informed by Ripple’s continued growth and desire to expand its business despite the hurdles facing the crypto market at large. Ripple "qed tfittex b'mod attiv opportunitajiet ta' M&A biex tiskala strateġikament il-kumpanija,” qal il-kelliem.
Il-mossa tiġi wara Celsius ppreżentata għall-falliment f'Ġunju, li kkwota "kundizzjonijiet estremi tas-suq" u tirrikonoxxi toqba ta '$ 1.2 biljun fil-karta tal-bilanċ tagħha. Celsius madankollu kien miftuħ għal offerti ta’ xiri anke waqt li jesplora mogħdijiet ta’ salvataġġ għall-kredituri li kienu qed jagħmlu pressjoni kontrih.
The June chapter 11 bankruptcy filings disclosed that Celcius holds a variety of possessions including digital assets held in custody accounts, loans, the company’s own CEL token, Bank cash and a bitcoin mining business. Last week, Ripple lawyers made an application seeking to be enjoined in the bankruptcy proceedings despite not being a major creditor for Celcius.
Għalkemm Ripple has not done any major acquisition deals previously, some pundits believe Celsius’s attractive legal background could be the key reason for Ripple’s increased interest in the firm, especially given its tbatija mal-Kummissjoni tal-Iskambju tat-Titoli.
"Aħna nafu Ripple is trying to buy Celsius. Why? Celsius marketed itself as a type of crypto bank,” Qalet Lisa Daly Digital Product Manager fi BlackRock, "In-netwerk Celsius huwa pjattaforma ta' self regolata, "konformi mas-SEC" li tippermetti lill-utenti jirċievu imgħax fuq kripto depożitat jew jieħdu self kollateralizzat kripto."
Imwaqqfa fl-2017 mill-Kap Eżekuttiv Alex Mashinsky, Celsius kien kiber malajr minħabba r-rati ta 'imgħax attraenti għall-utenti li sfruttaw valutazzjoni ta' $ 3.5 biljun is-sena li għaddiet. Il-kumpanija, madankollu, sabet ruħha maqbuda fi kriżi ta’ likwidità bil-biċċa l-kbira tal-assi kripto tagħha jiddeprezzaw flimkien mas-suq kripto wiesa’, minkejja li r-rati tal-imgħax tad-dejn tagħha baqgħu elevati. Ġestjoni ħażina finanzjarja u The Terra-induced stablecoin implosion storm, li kkawżaw telf mifrux għal bosta atturi prominenti tal-industrija, aktar tard iġibu lil Celsius għarkopptejh.
That said, while a favourable outcome could come out of Ripple’s quest, it is unclear if the firm seeks to acquire Celsius altogether. In June, a source revealed that FTX “was interested in making a deal with Celsius but walked away” because of the irredeemable state of its finances, instead settling on BlockFi.
Sors oriġinali: ZyCrypto