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Analysts of the research service CryptoCompare spoke about the most important events in the cryptocurrency industry over the past day, as of January 26, 2023. They noted that Tesla’s bitcoin holdings remained unchanged, Celsius was assessing the feasibility of issuing a bankruptcy token, and the South Korean prosecutor’s office demanded the arrest of the owners of the Bithumb exchange.
Electric vehicle manufacturer Tesla (TSLA) did not buy or sell bitcoin (BTC) cryptocurrency in the last quarter of 2022. This has happened for the second quarter in a row. Thus, the company’s crypto assets remained unchanged in the second half of the year. Their estimated value has decreased from $218 million to $184 million. Tesla CEO Elon Musk said that his firm plans to acquire digital coins in the future, and their sale “should not be taken as a condemnation of bitcoins.”
Bankrupt cryptocurrency lender Celsius Network was considering issuing a token to repay debt to creditors as part of a proposal to reorganize and emerge from bankruptcy. During the court hearing, the company’s lawyer, Ross Kvasteniet, said that restructuring into a publicly licensed company would bring creditors more income compared to selling assets at current prices.
Celsius has been in talks with groups of lenders on how to form a new company and issue a bankruptcy token that will be the first crypto asset to be approved by a federal judge.
According to local news outlets, South Korean prosecutors were seeking the custody of the chairman and owner of the popular cryptocurrency exchange Bithumb, Kang Jong-hyun. He and two other executives were charged with embezzlement, breach of trust and fraudulent transactions, according to the filing. Thus, a warrant was requested for their arrest.
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