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• Celsius Network has announced plans to repay creditors by issuing a new token.
• The proposal will be first put up to the creditors, including Celsius customers who have cryptocurrency stored on the company’s platform.
• The Feds want to regulate the crypto industry now more than ever as many investors are suffering from the fraudulent activities of the system.

Celsius Network, a leading crypto lending platform, has recently announced its plans to repay creditors by issuing a new token. This move comes as the company proposes to emerge from bankruptcy and become a regulated cryptocurrency exchange. Their elaborate plan was revealed during a video-court hearing by the company’s attorney Ross M Kwasteniet.

According to the lawyer, this would produce more funds for creditors than selling the assets that are difficult to liquidate at the available prices. The proposal will be first put up to the creditors, including Celsius customers who have cryptocurrency stored on the company’s platform. After that, the US bankruptcy Chief Judge Glenn Martin will consider the voting results to determine whether to accept the proposal or not.

Most of the Celsius customers are happy about the decision as this move is representing the company’s commitment to transparency and fairness. Even though the CEO has been accused of misrepresenting the facts, this move is still an innovative approach to solving Celsius’s current liquidity problem. The proposal will also benefit creditors who are not part of the platform but have lost funds due to the company’s poor performance.

The Feds want to regulate the crypto industry now more than ever as many investors are suffering from the fraudulent activities of the system. The issuance of the new token will ensure that the investors‘ funds are protected and that the interests of the investors are safeguarded. This move from Celsius Network is a step in the right direction and sets an example for other companies in the industry.

The new token will be based on the Ethereum blockchain and will be used to repay creditors over time. The token holders will be able to trade their tokens on the exchange and in the open market. Furthermore, the tokens will also be used to pay investor dividends and bonuses.

Overall, this move from Celsius Network is a beacon of hope for the crypto industry. It shows that the industry is willing to take responsibility for its actions and that it is dedicated to protecting the interests of its customers. This move will also be beneficial for the Feds as it will help them to regulate the industry and protect investors from fraudulent activities.

• VeChain (VET) Price Prediction 2023 – 2030 forecasts that the VET could have a maximum price of $0.0312 by the end of 2023.
• VeChain with a potential surge could go as high as $0.202 by the end of 2030.
• CoinPedia’s VeChain Price Prediction is that VET could reach a maximum of $1 by 2025.

VeChain is a blockchain platform that focuses on solving persistent challenges in the world. With its expertise in supply chain management, the tech has garnered the interests of the masses. The world is adopting the blockchain technology at an accelerating pace. The adoption of the tech comes to solve real world issues and problems.

VeChain’s native asset VET has been distant from the glitter and buzz of the market charts lately. With the asset available at a discount, investors are keen on VeChain’s price prediction. Are you also considering VET for your portfolio? Look no further, as our prediction, brings to you the plausible VET price prediction 2023 – 2025 and the years to come!

VeChain (VET) Price Prediction 2023 – 2030 predicts that VET could have a maximum price of $0.0312 by the end of 2023. This projection is based on the VET’s current market trends, its historical price performance, and its future potential.

VeChain with a potential surge could go as high as $0.202 by the end of 2030. This is due to the increasing demand for blockchain technology and the increasing adoption of this technology by companies and businesses.

CoinPedia’s VeChain Price Prediction is that VET could reach a maximum of $1 by 2025. This could be a reality given the increasing demand for blockchain technology and the increasing adoption of this technology. This prediction is based on the VET’s current market trends, its historical price performance, and its future potential.

What Does The Market Say?

The market sentiment for VeChain is positive. Many crypto enthusiasts have noticed the potential of VeChain and the benefits of using it. This has resulted in an increase in the demand for VET and a rise in its price.

What Is VeChain (VET)?

VeChain is a blockchain protocol and platform that focuses on solving persistent challenges in the world. It provides a platform for enterprises, governments, and businesses to create, manage, and track their supply chains. It also provides a platform to track and trace products throughout the supply chain.

Fundamental Analysis

The VeChain platform uses a dual token model to operate. There is the VeChain Token (VET) and the VeChainThor Energy (VTHO). The VET is used for staking, governance, and transactions. The VTHO is used for the execution of smart contracts.

CoinPedia’s VeChain Price Prediction

CoinPedia’s VeChain Price Prediction is that VET could reach a maximum of $1 by 2025. This prediction is based on the VET’s current market trends, its historical price performance, and its future potential.

VeChain Historical Market Sentiments 2018 – 2022

VeChain’s native asset VET has been distant from the glitter and buzz of the market charts lately. With the asset available at a discount, investors are keen on VeChain’s price prediction. The demand for VET is on the rise, and its price has seen a steady increase since its launch in 2018. The market sentiment for VeChain is positive. Many crypto enthusiasts have noticed the potential of VeChain and the benefits of using it. This has resulted in an increase in the demand for VET and a rise in its price.

FAQ’s

Q1. What is VeChain (VET)?

A1. VeChain is a blockchain protocol and platform that focuses on solving persistent challenges in the world. It provides a platform for enterprises, governments, and businesses to create, manage, and track their supply chains. It also provides a platform to track and trace products throughout the supply chain.

Q2. What is CoinPedia’s VeChain Price Prediction?

A2. CoinPedia’s VeChain Price Prediction is that VET could reach a maximum of $1 by 2025. This prediction is based on the VET’s current market trends, its historical price performance, and its future potential.

• The January 2023 Consumer Price Index (CPI) report is expected to be released on Thursday, January 12, 2023, at 8:30 am ET.
• On Sunday, Bitcoin surged but was unable to pass the $17,000 mark, and is currently trading in a confined range between $16,900 and $17,000.
• Analysts have expressed their excitement on Twitter when Bitcoin temporarily surpassed the $17k milestone, and have also highlighted the importance of next week’s CPI report.

The crypto market has been in a state of increased volatility recently, with the total market capitalization of all coins “bouncing quite much in different directions.” On Sunday, Bitcoin saw a surge in its price, however, it was unable to pass the $17,000 mark and is currently trading in a confined range between $16,900 and $17,000. This small uptick in price saw Bitcoin reach its highest price since December 20, 2022.

The surge in Bitcoin’s price has seen analysts express their excitement on Twitter. Crypto Kaleo wrote an optimistic tweet, noting that “finally looks like BTC is ready to break out of the $16K – $17K base range it’s been stuck in the past several weeks”. Rekt Capital also shared an optimistic outlook, writing that the “current #BTC price action will likely figure as an important cluster in the formation of the Bear Market bottom Accumulation Range.”

However, analyst Michael Van De Poppe has highlighted the importance of the upcoming Consumer Price Index (CPI) report, which is scheduled to be released on Thursday, January 12, 2023, at 8:30 am ET. Van De Poppe noted that the unemployment rate had just “went sub 50 for the first time since 2008 & COVID-19 pandemic”, and that the CPI report would be closely watched.

The CPI report will be closely watched by investors, as it will give an indication of inflation, a key indicator for the market. Analysts have speculated that if the CPI report is above expectations, it could result in a “wave of buying”, with Bitcoin and other altcoins seeing a surge in their prices. On the other hand, if the report is below expectations, it could result in a “wave of selling”, with Bitcoin and other altcoins seeing a drop in their prices.

With the CPI report due to be released this week, the cryptocurrency market will be closely watching to see the impact it will have on the market. While analysts are optimistic that the report will be positive, only time will tell what effect it will have on Bitcoin and other altcoins.

• The Ripple v. SEC case, has seen several filings since the deadline for non-parties to submit their applications to seal was on January 4.
• Congress‘ opinion of the crypto business is „bad“ according to Ron Hammond, director of government relations at the Blockchain Association.
• Atty. John Deaton believes the outcome of the Ripple case could set a precedent for the future of altcoins.

The legal battle between the United States Securities and Exchange Commission (SEC) and Ripple Labs Inc. has been heating up in recent weeks with both sides submitting their respective briefs. With the deadline for non-parties to submit applications to seal documents passing on January 4, several new documents have been filed in the case.

Atty. John Deaton, a former Ripple executive and current Ripple spokesperson, believes that the outcome of the case could set a precedent for the future of altcoins. In a statement to the press, Deaton said, “I believe that this case could be a defining moment in the history of cryptocurrency. Whatever the outcome, it is likely to reverberate throughout the crypto industry and have implications on the legal status of altcoins.”

Meanwhile, Congress‘ opinion of the crypto business is not looking too good according to Ron Hammond, director of government relations at the Blockchain Association. Hammond believes that the business has regressed as a result of scandals exposed over the past year and skeptical members of Congress fear that creating laws will only assist to legitimize the crypto sector.

Brad Garlinghouse, the CEO of Ripple, is still cautiously optimistic that 2023 will be the year when the US will finally see a breakthrough in terms of regulatory clarity for crypto. Garlinghouse shared his views in a tweet thread and expressed his hope for a breakthrough in the near future.

The Ripple v. SEC case could potentially be the first step in achieving that goal. If the case ends in Ripple’s favor, it could set a precedent for the future of altcoins and provide much-needed clarity on the legal status of crypto in the US. On the other hand, if the case goes against Ripple, it could have a major impact on the entire crypto industry and could lead to more stringent regulations on crypto assets.