The recent news of Celsius Network’s rebirth as a crypto asset custodian elicited a flurry of replies, the most expressive of which came from Ripple CTO David Schwartz.

Schwartz, in particular, showed his sardonic reaction to this news by pointing to well-known needle-punctured contraception.

It may be interesting to recall recent news reports indicating that Ripple Labs was interested in purchasing Celsius.

Celsius’ CEO, Alex Mashinsky, outlined the company’s plans to transition into a custodial service provider in a closed meeting with staff. A client revealed to the public that plans to preserve Celsius involved renaming the company, Kelvin. November is a possible date for the return of Kelvin.

Mashinsky sees the future of the infamous CeDeFi network in offering custodial services for keeping crypto assets, comparing it to the Apple and Pepsi instances. The new company intends to generate revenue by charging transaction fees.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

CoinCu News

Alex Mashinsky

Celsius Network

David Schwartz

Rebuilding

Ripple CTO

Ripple Labs

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

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News

Ripple CTO Smirks Celsius Network About Rebuilding The Company

The recent news of Celsius Network’s rebirth as a crypto asset custodian elicited a flurry of replies, the most expressive of which came from Ripple CTO David Schwartz.

Schwartz, in particular, showed his sardonic reaction to this news by pointing to well-known needle-punctured contraception.

Now with convenient holders so you always have one when you need one. pic.twitter.com/LYnAlK5per

— David "JoelKatz" Schwartz (@JoelKatz) September 14, 2022

It may be interesting to recall recent news reports indicating that Ripple Labs was interested in purchasing Celsius.

Celsius’ CEO, Alex Mashinsky, outlined the company’s plans to transition into a custodial service provider in a closed meeting with staff. A client revealed to the public that plans to preserve Celsius involved renaming the company, Kelvin. November is a possible date for the return of Kelvin.

Mashinsky sees the future of the infamous CeDeFi network in offering custodial services for keeping crypto assets, comparing it to the Apple and Pepsi instances. The new company intends to generate revenue by charging transaction fees.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Harold

CoinCu News

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