Tagged: alex mashinsky

October 13, 2021 @ 7:52 am By Omar Faridi  |  

Celsius Network, the international digital currency earning and borrowing platform, reveals that it has finalized a $400 million investment that was led by WestCap, a growth equity company, as well as Caisse de dépôt et placement du Québec (CDPQ), a global investment group. The transaction… Read More

August 26, 2021 @ 11:26 am By Omar Faridi  |  

Celsius, the international digital currency earning and borrowing platform, recently revealed that it’s now managing $20,366,621,718 in crypto-assets as of August 13, 2021. Celsius carried out its quarterly internal audit using tech provided by third-party blockchain analysis company, Chainalysis, and using an internally developed methodology… Read More

August 6, 2021 @ 11:18 am By Omar Faridi  |  

Celsius has secured the backend pricing of crypto-assets using Chainlink, which is considered a major leap in CeFi “decentralization.” As stated in the update from Celsius: “In one of the most ambitious moves towards decentralization, Celsius is now leveraging the industry-leading Chainlink Price Feeds to… Read More

May 3, 2021 @ 3:30 pm By JD Alois  |  

Qredo, a decentralized digital asset management platform, has raised $11 million in seed funding, according to a note from the company. Investors in the company include Amnis Ventures, Artus, Borderless Capital, Celsius, CMS Holdings, Connect.Capital, Deribit, G1, GSR, Gumi Cryptos, Kenetic, Kronos, Maven 11, 1kx,… Read More

March 16, 2021 @ 11:14 am By JD Alois  |  

Checks are in the mail following the signing into law of the $1.9 trillion stimulus package. Many individuals in the US will receive checks in the amount of $1400 with families receiving more. Whether you like the law or not, all of those billions of… Read More

February 8, 2021 @ 10:33 am By JD Alois  |  

  Bitcoin is hitting new highs today fololowing a 10-K filed by Tesla (NASDAQ:TSLA) that revealed it had purchased $1.5 billion in Bitcoin and may purchase other digital assets in the future. Simultaneously, Tesla said they expect to commence accepting Bitcoin as a method of… Read More

November 10, 2020 @ 9:37 am By JD Alois  |  

Celsius, a “cryptocurrency rewards-earning platform,” says it has surpassed over $2.2 billion worth of assets under management (AUM). Celsius says it topped $1 billion in total AUM earlier this year and ths has doubled its net cryptoasset holdings in just six months. Celsius has shared… Read More

October 31, 2020 @ 11:41 am By Omar Faridi  |  

Crypto lending network Celsius has confirmed that it has successfully integrated Chainlink’s (LINK) “decentralized” price feeds in order to power its internal systems as “a key component of its pricing services.” As noted by the Celsius team, the integration encompasses the “usage and adoption” of… Read More

October 21, 2020 @ 10:23 pm By JD Alois  |  

Today’s news that PayPal (NASDAQ:PYPL) will start allowing it’s over 360 million users to use crypto placed a firm stamp of establishment approval on digital currency. PayPal partnered with Paxos to provide the service – a digital asset firm that has always placed regulatory compliance… Read More

August 4, 2020 @ 5:50 pm By Omar Faridi  |  

Alex Mashinsky, the founder of several notable startups such as Arbinet, VoiceSmart, GroundLink, and currently the CEO at the Celsius Network, an Ethereum-based lending platform, notes that Celsius is a member organization. He explains during an interview featured on Bloxlive.tv that the company’s job is… Read More

June 22, 2020 @ 7:16 am By Omar Faridi  |  

Tether Ltd, the company behind the world’s largest stablecoin USDT, has reportedly made a $10 million equity investment into the operations of the Celsius Network, a leading digital asset lending platform, which now has a $120 million pre-money valuation and $150 million post-money valuation. Celsius… Read More

June 11, 2020 @ 8:13 am By JD Alois  |  

Celsius Network has announced a $15 million equity funding round to be promoted by BnkToTheFuture. The equity offering is said to be for both U.S. & non-U.S. investors. Celsius Network claims it has seen rapid growth since its launch in July 2018 with over 100,000… Read More

May 1, 2020 @ 9:17 am By JD Alois  |  

May is here meaning spring is emerging for parts of the world. For all of the world, it also means that Bitcoin is on the cusp of the next Halving (or the Halvening). The Bitcoin Halving takes place every four years. This is when the… Read More

March 19, 2020 @ 7:40 pm By JD Alois  |  

Celsius Network, a blockchain-based marketplace platform, is reporting profitability after just 18 months of operation. The crypto platform enables users to borrow or lend crypto assets. The company claims that it distributes 80% of its revenue back to the depositor community as weekly interest income…. Read More

October 31, 2019 @ 1:20 am By Cali Haan  |  

The availability of cheap, cryptocurrency-collateralized loans is growing unsustainably and could induce a crisis, two former Wall Street traders now working in crypto lending have told Bloomberg. According to the outlet, the crypto-collateralized loan industry is a relatively new one that mostly emerged in the… Read More

October 25, 2019 @ 4:04 pm By JD Alois  |  

Bitcoin is on a tear today rising in value by over 14% in the last few hours. Earlier this week, on the day Mark Zuckerberg took a shellacking from the US House Financial Services Committee, Bitcoin dumped 8%. While the trip to the House of… Read More

October 14, 2019 @ 5:00 am By JD Alois  |  

Facebook’s attempt to launch a global non-sovereign currency was doomed from the beginning for many reasons. While Facebook will continue to put a smiley face on Libra, in its current form, it is just not happening. And this is not just about Facebook’s penchant to… Read More

October 1, 2019 @ 12:06 pm By JD Alois  |  

Yesterday, a prominent group of digital asset exchanges joined in announcing a new “Crypto Rating Council” that sets a score on a crypto asset to better establish whether or not it is a security. While the Securities and Exchange Commission (SEC) has dripped out guidance… Read More

September 24, 2019 @ 10:17 pm By JD Alois  |  

Bitcoin rapidly deflated today. The world’s most popular crypto is now trading under USD $9000 (~$8700  $8400). At one point today, BTC tanked about USD $1000. So what’s the cause? A portion of the chatter claimed that Bakkt’s much-heralded launch this week was much ado… Read More

September 8, 2019 @ 4:33 pm By Omar Faridi  |  

The initial coin offering (ICO) craze of 2017 and early 2018 helped generate billions of dollars for blockchain startups throughout the world. However, many ICO projects were scams or did not lead to the development of useful products. London-based Celsius is among the very few… Read More