THE HASH: Celsius Network Might Turn its Debt Into Crypto ‘IOU’ Tokens; Crypto Mining Woes Linger

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CoinDesk

Business News, Daily News, News, Tech News

4.7 • 698 Ratings

🗓️ 23 September 2022

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

The most valuable crypto stories for Friday, Sept. 23, 2022. "The Hash" hosts discuss the bankrupt crypto lender Celsius Network as it appears to be considering a plan to turn its debt into crypto “IOU” (“I Owe You”) tokens. Plus, what Compute North's bankruptcy filing means for giants like Marathon Digital, as a BTIG analyst downgrades the stock from buy to neutral. See also: Celsius Network Might Be Planning to Turn Its Debt Into Crypto ‘IOU’ Tokens Celsius Shareholders File to Stake Their Claim for Bankruptcy Payouts Compute North Files for Bankruptcy as Crypto-Mining Data Center Owes up to $500M Utah Man Charged With 7 Felonies in Connection to Alleged $1.7M Crypto Mining Scam - This episode has been edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.” - I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:43.9	Wondery, UK. That's audible.com slash Wondery UK. This is the hash podcast.
1:00.0	Stay informed with the latest on Bitcoin, ETH, the Metaverse, Web3, and more with stories that matter to the crypto world.
1:07.3	All on the hash for your ears.
1:10.6	You're listening to the Coin Desk Podcast Network.
1:15.4	Good morning. It's Friday. I hope you guys had a good Thursday. Jen, how you doing? Great
1:21.6	Thursday. Getting ready for the weekend. You're doing good. That's good to hear. Sam, how you doing?
1:27.5	Doing good. Thank you both for having me. Good, good long week. You're doing good. That's good to hear. Sam, how you doing? Doing good.
1:28.2	Thank you both for having me.
1:30.2	Good.
1:30.9	Yeah, great to see you guys on the hash.
1:32.6	We got a lot of topics to cover.
1:34.0	You know, it's a little more relaxed feeling.
1:35.7	You got a great September Friday going on right now.
	...

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