• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Thursday, July 10, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Crypto

Ripple plans on acquiring Celsius and its assets

by Nishant K
August 12, 2022
in Crypto
Reading Time: 2 mins read
0
Ripple planing to acquire Celsius

U.Today

TwitterWhatsappLinkedin

Ripple aims at buying out Celsius

  • Ripple is looking into the option of acquiring the assets of Celsius
  • In its process, ripple has also filed its documents to take part in the hearing of the Celsius’s Bankruptcy.
  • Ripple aims buying out Celsius.
  • Nothing concrete yet from Celsius about the news regarding Ripple’s buy out.

Celsius crumbling in the market crash!

Celsius's situation in the market
Credits: Fortune

The market crash that happened in May, surely caused a lot of havoc in the market. Each and every party concerned to the market, experienced damage of some kind due to the implosion. Celsius was among one of those companies that couldn’t withstand the market crash and went on to file for Chapter 11 of Bankruptcy. The news about Celsius filing for Bankruptcy spread like a wild fire in the market, disturbing the investors and creditors of the company, big time.

You might also like

Bitcoin Takes the Lead: SaruTobi Becomes First iOS Game with Native Microtransactions

Dubai Airline Embraces Crypto: Emirates Taps Crypto.com for Payments

GameSquare Accelerates with $100M Ethereum Treasury Strategy, Stock Soars 60%

Since, then Celsius is been all over the news about how it is keeping the creditors in the last position at the time of payments, and how the creditors and investors are pleading to judge by sending in letters, talking about their nightmare with Celsius. All these have certainly helped the hope for Celsius crumble in the market.

Now, it is believed that, Ripple is interested in buying out the assets of Celsius, big time. The lawyers of the company are also note to be filing the documents to take part in the bankruptcy hearing.

Ripple’s consideration of acquiring Celsius!

One of the spokespersons from Ripple acknowledged that, the company is certainly interested in knowing and learning about Celsius and its assets, and whether any of it could be relevant to their business.

According to the reports, this is not the first time, Celsius is being offered a buyout. Previously, Nexo went on to propose a similar deal, which was rejected by Celsius immediately. Though there is no official confirmation from Celsius, if they are interested in the offer or not, it feels that, the company might most likely turn down the offer.

Writer’s Views:

According to me, Celsius, is certainly in a state of bother and with all the allegations in the market, the company is just sinking. Though Ripple has considered buying out the assets and the company, it is not sure why Ripple has shown interest in the company as it is also not a major creditor of Celsius. Whether Celsius will accept the offer or decline it, only time will tell.

___________________________________________________________________________________________________________________________

What do you think about Ripple’s offer to Celsius? Why would such Ripple want to acquire a bankrupt company? Let me know in the comments section. Also share this content with your peers, in case you liked it.

 

Tags: #CryptobitcoinCelsiuscryptocurrencyEthereumRipple
Tweet54SendShare15
Previous Post

Disney overtakes Netflix in total streaming subscriptions. $7.99 subscription in December

Next Post

Tether’s sister company Bitfinex in a criminal investigation again

Nishant K

Recommended For You

Bitcoin Takes the Lead: SaruTobi Becomes First iOS Game with Native Microtransactions

by Anindya Paul
July 10, 2025
0
SaruTobi

Apple has officially approved its first iOS game that supports native Bitcoin microtransactions. This appears to be a landmark moment for mobile gaming. The game is called SaruTobi,...

Read more

Dubai Airline Embraces Crypto: Emirates Taps Crypto.com for Payments

by Anindya Paul
July 9, 2025
0
Crypto.com

In a very bold statement about the growth of technology in the Middle East, Dubai-based Emirates Airline has announced a tentative agreement with Crypto.com. This is a big...

Read more

GameSquare Accelerates with $100M Ethereum Treasury Strategy, Stock Soars 60%

by Anindya Paul
July 9, 2025
0
GamesSquare

GameSquare Holdings took Wall Street by surprise this week. The company’s stock jumped a staggering 58.8% on Tuesday and extended gains to 6.5% in after-hours trading—highlighting growing investor...

Read more
Next Post
bitfinex in legal trouble again

Tether’s sister company Bitfinex in a criminal investigation again

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?