Cryptocoins News / The Cointelegraph - 1 year ago
Celsius’ lead investor BnkToTheFuture and its co-founder Simon Dixon have offered to assist the network by deploying similar “financial innovation” used in 2016 to save cryptocurrency exchange Bitfinex from liquidation.Although the statement from Dix...
by COINS NEWS - 1 year ago
https://www.youtube.com/watch?v=1nVG8PF4ECU - this video explains pretty much everything. Whenever you invest in to any DeFi application, you should stop and ask yourself, "If these guys are offering double digit return on investment when my ba...
Cryptocoins News / The Cointelegraph - 1 year ago
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph...
Bitcoin News / Bitcoin.com - 1 year ago
The U.S. Securities and Exchange Commission (SEC) and several state regulators are reportedly investigating the decision by crypto lender Celsius Network to freeze withdrawals.
U.S. Securities Regulators Investigate Celsius’ Withdrawal F...
Cryptocoins News / The Cointelegraph - 1 year ago
The 2022 version of crypto winter has been unlike anything we’ve seen before. As I warned last month, the meltdown of the Terra ecosystem didn’t end with Luna Classic (LUNC) hitting zero. The biggest threat was contagion. As the dust began to settle,...
Cryptocoins News / The Cointelegraph - 1 year ago
This past week, the decentralized finance (DeFi) ecosystem faced the brunt of the bears fueled by liquidation rumors of Three Arrow Capital (3AC) and Celsius liquidations. MakerDAO decided to cut off Aave (AAVE) from its direct deposit module as a s...
Cryptocoins News / Blockchain - 1 year ago
Ben Armstrong, popularly known as BitBoy Crypto is taking the cessation of withdrawals by crypto lending platform Celsius more personally and has threatened to file a class-action lawsuit against the embattled lender.
Following his on Wednesday st...
Cryptocoins News / The Cointelegraph - 1 year ago
MakerDAO has voted to cut off lending platform Aave’s ability to generate Dai (DAI) for its lending pool without collateral as the risks of Celsius’s liquidity crisis loom large over the entire crypto ecosystem.The decentralized autonomous organizati...
Cryptocoins News / The Cointelegraph - 1 year ago
MakerDAO has voted to cut off lending platform Aave’s ability to generate Dai for its lending pool without collateral as the risks of Celsius’ liquidity crisis loom large over the entire crypto ecosystem.
The decentralized autonomous organization (D...
Bitcoin News / Bitcoin.com - 1 year ago
According to “two people familiar with the matter,” the cryptocurrency lending company Celsius is working with the financial giant Citigroup in order to get advice on how to handle the firm’s financial hardship. The sourc...
Cryptocoins News / The Cointelegraph - 1 year ago
Securities regulators from five U.S. states have reportedly opened an investigation into crypto lending platform Celsius Network over its decision to suspend user withdrawals.
According to a Thursday report from Reuters, Texas State Securities Board...
Bitcoin News / Bitcoinist - 1 year ago
Celsius’ problems look like they have only just begun but there is a lot of data that shows that the current insolvency had been a long one in the making. As investors gnash their teeth about not seeing the issues fast enough, we take a look at these...
Cryptocoins News / The Cointelegraph - 1 year ago
Just two weeks after appearing in an ask me anything (AMA) with Celsius founder Alex Mashinsky, crypto Youtuber Ben Armstrong has announced he intends to file a class-action lawsuit against the lending platform and its chief executive. Armstrong made...
Cryptocoins News / Blockchain - 1 year ago
Troubled Celsius Network has hired US banking giant Citigroup to advise it on possible solutions aimed to bail out its business, three days after the major crypto lending firm appeared to witness bankruptcy concerns.
Fresh reports show that Celsius...
Bitcoin News / Bitcoinist - 1 year ago
Celsius, a crypto lending firm, froze their withdrawals on Sunday and now has hired restructuring attorneys from a law firm in order to get assistance about the current financial condition. Citing “extreme market conditions”, Celsius had...