Tagged: celsius network

Celsius Hearing Outlines Collapse in Value, Users May Now File for a Claim

Celsuis held its first hearing in bankruptcy court, publishing a presention that highlights the grim decline in value of its crypto holdings in just a few weeks. According to a presentation, as of March 30, 2022, Celsius helld over $22 billion in assets. That amount… Read More

Celsius Bankrupt. Files for Chapter 11

Celsius Network, at one time one of the most popular crypto yield and lending platforms, has filed for bankruptcy protection under chapter 11, thus removing all speculation as to whether or not the platform could reanimate itself during a collapse in crypto valuations. Celsius effectively… Read More

Celsius Posts Opaque Update: No Resolution Yet

Yesterday, Celsius Network, a large crypto lender and yield platform that abruptly halted all withdrawals recently, posted an update of sorts. While disclosing very little, Celsius shared the following comment on its blog: “Across Celsius today, we are focused and working as quickly as we… Read More

Celsius Network Is Now Supporting Avalanche (AVAX) Token Purchases

The team at digital assets platform Celsius Network notes that since their goal is to bring the next 100 million consumers to crypto, they are constantly looking to offer (what they consider to be) the “best” experiences and “opportunities” for their community. This reportedly includes looking… Read More

Celsius Network Confirms Badger Attack but No Client Funds Were Stolen

It was a tough couple of weeks for Celsius Network. Celsius is a neobank platform that touts its ability to generate returns on parked crypto. Currently, Celsius is promoting potential returns of over 17%. As was widely rumored, Celsius Network was impacted by the Badger… Read More

Reports of Celsius Network’s CFO Arrest Raise More Questions

Last week, it was widely reported that Yaron Shalem, CFO of Celsius Network,  was allegedly arrested in Israel along with other individuals. Via Twitter, Celsius confirmed that an unnamed employee had been “suspended” while stating they have verified that no assets were misplaced or mishandled. … Read More

Digital Asset Platform Celsius Network Delivers Over $1B in Yield to its Community

Celsius Network, the international cryptocurrency earning and borrowing platform, announced it has paid over $1 billion in digital assets to its community of 1.2 million users – “marking the most yield paid out to users by any crypto platform.” The announcement also mentioned that Celsius… Read More

Digital Asset Platform Celsius Network Secures $400M in Capital from WestCap, Others

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

Celsius Network Unveils Web-Based Application For Corporate & Institutional Financial Services

  Celsius Network, a cryptocurrency lending and borrowing platform, recently announced the launch of its web-based application for its financial services. While sharing more details about the launch, Nuke Goldstein, CTO of Celsius, stated: “The Celsius team of talented designers, developers, devops, and testers were… Read More

Decentralized Digital Asset Management Firm Qredo Raises $11 Million Seed Round

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

OKEx Announces Celsius Network’s CEL Token Listing

OKEx announced on Tuesday it has listed Celsius Network’s CEL token on its cryptocurrency and derivatives exchange. OKEx reported it is the third global exchange to list CEL token in recent weeks, in addition to several decentralized exchanges, since CEL token’s first listing in June… Read More

Celsius Network Update: Offers Yield on Gold-Backed wDGLD Token

  Celsius Network, a cryptocurrency lending and borrowing platform, announced on Thursday it will add support for CoinShares wDGLD token. According to Celsius, customers will be able to hold wDGLD tokens in their Celsius wallets to earn weekly compounding yield or use their coins as… Read More

Celsius Network Now Allowing Customers to Buy BTC, ETH, & Other Cryptocurrencies With Apple Pay

thought-catalog unsplash Bitcoin Ethereum Cryptocurrency

  Celsius Network, a cryptocurrency lending and borrowing platform, announced on Wednesday it is now allowing customers to buy BTC, ETH, and other cryptocurrencies with Apple Pay.  Celsius reported its users may use a variety of payment solutions, including credit card or wire transfer, to… Read More

Celsius Network Appoints Rodney Sunada-Wong as Chief Risk Officer & Vijay Konduru as Chief Marketing Officer

Celsius Network, a cryptocurrency lending and borrowing platform, announced on Friday it has expanded its executive team by appointing Rodney Sunada-Wong as Chief Risk Officer and Vijay Konduru as Chief Marketing Officer and Head of Analytics. The new hires come just days after Celsius Network announced it has… Read More

Should You Invest that Stimulus Check in Bitcoin?

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

Celsius Validates Over $10 Billion Worth of Cryptocurrency Assets Using Third-Party Validation Tools

  Celsius Network, a cryptocurrency lending and borrowing platform, announced earlier this week it has validated more than $10,426,308,071.50 worth of cryptocurrency assets using third-party validation tools. The latest milestone comes just a few months after Celsius conducted its first-ever asset verification report using the… Read More

Celsius Milestone: Pays $250 Million in Crypto Yield to Customers

    Celsius Network, a cryptocurrency lending and borrowing platform, announced on Tuesday it has distributed cryptocurrency rewards in value of over $250 million (in today’s value) to its more than 415,000 users. According to Celsius, customers may hold their digital assets in their Celsius wallet… Read More

Elon Musk Buys Bitcoin, Crypto Insiders Respond

  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

Milestone: Celsius Network Surpasses $5.3 Billion in Assets; Grows Total Assets 10x During 2020

Celsius Network, a cryptocurrency lending and borrowing platform, announced on Wednesday it now holds more than $5.3 billion worth of cryptocurrency assets. This news comes just a couple of months after Chainalysis was able to validate over $3.3b in total assets held by Celsius Celsius reported it… Read More

Celsius Network Partners with Chainalysis To Confirm Audit of $3.31 Billion in Assets

  Celsius Network, a cryptocurrency lending and borrowing platform, announced this week it has teamed up with blockchain analysis company Chainalysis to complete an audit confirming $3,318,368,196.40 of assets. According to Celsius Network, the conclusion of this audit, confirmed through Chainalysis Reactor, the investigative blockchain… Read More

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