Nasdaq-listed business intelligence firm MicroStrategy, which has invested nearly $4 billion to buy 129,218 BTC, has said it did not receive a margin call against a $205 million loan it took in March backed by Bitcoin.
Embattled cryptocurrency lender Celsius Network has reportedly hired restructuring attorneys from law firm Akin Gump Strauss Hauer & Feld LLP to advise it on possible solutions for its financial problems.
Popular cryptocurrency exchange Coinbase has said it will be reducing its workforce by 18% after cryptocurrency markets lost more than $2 trillion from their peak in a bid to “stay healthy during this economic downturn.”
Top stories in the Crypto Roundup today:
- MicroStrategy Says It Hasn’t Received a Margin Can on Its Bitcoin Loan
- Celsius Network Hires Restructuring Lawyers
- Coinbase to Reduce Workforce by 18%