<p>Two consortiums, Fahrenheit and Blockchain Recovery Investment Committee, will compete in an <a href="https://www.coingabbar.com/en/crypto-currency-news/nft-auction-of-eurovision-winners-raises-dollar-for-charity" rel="noopener noreferrer nofollow">auction </a>on April 25 to acquire assets of bankrupt crypto lender Celsius Network. Fahrenheit, backed by Arrington Capital, and Coinbase, proposes to create a new company run by crypto operators, with bitcoin mining assets, loans, a crypto asset portfolio, and venture capital. The competing consortium, backed by Gemini, offers a direct cash contribution of $45 million to $55 million, and the creation of a new public platform owned by Celsius creditors, which could recover up to 70% of their funds.</p>

Crypto Giants Compete in Celsius Network Asset Auction

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