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CEL Token Soars as Celsius Shareholder Proposes Recovery Plan, Celsius Pays Compound
21.6.2022
The troubled crypto lending and borrowing company Celsius’ CEL token jumped today, as a company shareholder proposed a recovery plan, and Celsius made a USD 10m payment to the decentralized finance (DeFi) platform Compound (COMP).
A couple of good news related to Celsius seem to have led to...
Celsius Network Pauses AMAs With Customers Left in the Dark Over Withdrawals
20.6.2022
Crypto lending platform Celsius Network has paused AMAs (ask-me-anything) and Twitter spaces following its decision to freeze withdrawals last week
Celsius recovery plan proposed amid community-led short-squeeze attempt
20.6.2022
BnkToTheFuture co-founder Simon Dixon has proposed a recovery plan similar to the solution offered to Bitfinex after its Bitcoin hack in August 2016 – allowing customers to be compensated for their losses through tokens tied to the platform’s recovery
SEC, State Regulators Probe Crypto Lender Celsius Over Accounts Freeze
18.6.2022
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 Freeze The U.S. SEC and securities regulators...
XRP price technical breakdown boosts chances of a 40% drop by July
17.6.2022
XRP's bearish outlook is driven by a mix of technical and fundamental factors that could see price drop to $0.18 next
Celsius Reportedly Unlikely to Get Bailout Money from Investors
17.6.2022
As the downturn triggered by Celsius Network (CEL) continues to impact crypto businesses worldwide, investors behind the business are unlikely to ensure more financing to bail out the troubled crypto lender, "people with knowledge of the situation" told Financial News....
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Report: Celsius Hires Citigroup to Help the Startup Find ‘Potential Financing’
16.6.2022
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 sources note that Citigroup was hired by Celsius to help...
Texas, Other States Open Investigation Into Celsius Network Following Account Freeze
16.6.2022
Several U.S. states including Texas and Alabama are investigating Celsius Network’s decision to halt customer withdrawals
SOL price trending toward yearly low as Solana TVL drops $870M in three days
16.6.2022
DeFi contagion fears and bearish technicals mean additional downside pressure on Solana price
Ethereum sell-off resumes with ETH price risking another 25% decline in June
16.6.2022
Ether price is forming a bear pennant pattern whose profit target comes to be near $850
Celsius Reportedly Taking Advice from Citigroup, CEO Mashinsky Calls for ‘Patience’ and 'Support'
16.6.2022
The ailing crypto lender Celsius Network (CEL) has reportedly hired the financial giant Citigroup to advise it on its options after Celsius suspended withdrawals, swaps, and between-account transfers earlier this week. Meanwhile, Celsius’ under-fire CEO Alex Mashinsky has returned to Twitter....
NEXO price drops 40% in three days on rumors of ties to 'insolvent' crypto fund
15.6.2022
Nexo says it currently has no exposure to Three Arrows Capital and has 100% liquidity to meet its debt obligations
Tether Condemns 3 'False Rumors’ About Its Exposure
15.6.2022
Tether, the company that issues the biggest USD-pegged stablecoin USDT, said that it condemns what it calls “false rumors” that its holdings include large amounts of Chinese commercial paper that supposedly trades at a discount. The company also distanced itself from Celsius (CEL) and Three...
Celcius Reportedly Hiring ‘Restructuring Lawyers’ as Bankruptcy Speculation Mounts, CEL Pumps & Dumps
15.6.2022
A torrid week for the users and operators of the crypto lender Celsius Network (CEL) is continuing – with restructuring lawyers reportedly called in to help enact emergency measures. Meanwhile, CEL is on a roller coaster today....
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Report: Celsius Seeks Help From Restructuring Lawyers Over Financial Hardship
15.6.2022
Following the rumors and speculation surrounding the crypto lending firm Celsius, a Wall Street Journal report, quoting “people familiar with the matter,” explains that the company is reportedly hiring restructuring lawyers. Basically, hiring restructuring and insolvency attorneys...
Ethereum crashed by 94% in 2018 — will history repeat with ETH price bottoming at $375?
14.6.2022
ETH's latest plunge could bring more pain despite expectations that $1,200 should hold
Celsius Tops Up More Collateral to Avoid Loan Liquidation, Faces ETH Squeeze
14.6.2022
The troubled crypto lending and borrowing company Celsius (CEL), which on Monday halted withdrawals due to “extreme market conditions,” is adding more collateral for a loan on the MakerDAO (MKR) decentralized finance (DeFi) protocol to avoid liquidation. At the same time, the company is facing...
Celsius Problems Impact Nuri's Bitcoin Interest Accounts
14.6.2022
With the massive downturn fueled by major crypto lender Celsius (CEL) continuing to roll over numerous crypto businesses worldwide, German crypto bank Nuri has announced that its bitcoin (BTC) interest accounts are affected due to their reliance on Celsius....
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Celsius Insolvency Rumors Swirl After Company Pauses Withdrawals, Nexo Offers to Buy Firm’s Assets
13.6.2022
On Monday, June 13, 2022, the crypto economy dropped below the $1 trillion region, as a great majority of crypto assets have lost between 10% to 25% during the last 24 hours. Meanwhile, the crypto community has been discussing the cryptocurrency lending application Celsius as rumors of insolvency...
100º Celsius: Industry Debating Possible Impact, Lenders Reassuring Users, Nexo Offers Help
13.6.2022
Major crypto lender Celsius (CEL) has entered boiling hot water today when it announced a halt to withdrawals, transfers between accounts, and Swap – leaving the crypto industry to try and figure out how this crisis may affect it, as lenders left and right reassure their users of normal...