Tagged: celsius network

Celsius Network Announces New Partnership With Decentralized Oracle Network Chainlink

Celsius Network, a cryptocurrency lending, and borrowing platform, announced on Monday it has formed a new long-term partnership with Chainlink, a decentralized oracle network. According to Celsius Network, the partnership serves as a key way to further Celsius’ overall decentralization through the use of Chainlink’s… Read More

Crypto Assets: Celsius Network Reports Profitability 18 Months After Launch

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

Leading DeFi Platform MakerDAO Partners Digital Payment Processor Simplex to Develop Fiat On-Ramp for Maker’s Dai Stablecoin

MakerDAO, the leading decentralized finance (DeFi) platform, has teamed up with Simplex, a digital payment processor, in order to develop a fiat on-ramp for Maker’s Dai (DAI), which is the first decentralized stablecoin (digital currencies pegged one-to-one with major fiat currencies or other real-world assets)…. Read More

Celsius Network Joins Forces With Simplex to Offer Low Fee BTC Purchase On-Ramp

Celsius Network, a cryptocurrency lending, and borrowing platform, announces on Wednesday it is now offering users to buy Bitcoin directly within the Celsius mobile app through its new partnership with Simplex, a credit card onramp and offramp service provider. Celsius Network reported that through the… Read More

Celsius Network Forms New Strategic Partnership With Crypto Tax Analysis & Blockchain Analytics Startup ZenLedger.io

Celsius Network, a cryptocurrency lending, and borrowing platform, has reportedly formed a new partnership with ZenLedger.io, a cryptocurrency tax analysis, and blockchain analytics startup. The duo reported that through the partnership cryptocurrency investors filing taxes with ZenLedger have an easy and seamless access to cryptocurrency-backed… Read More

Fireblocks, an Institutional-Grade Platform for Secure Blockchain Transactions, Says it Handles $2.5 Billion in Monthly Crypto Transfers

Fireblocks, an institutional platform for conducting secure transactions with blockchain-based digital assets, revealed on November 25 that it now handles over $2.5 billion in cryptocurrency each month “since launching out of stealth mode” in June of this year. According to a press release shared with… Read More

Celsius Network is Using Fireblocks’ Enterprise Platform to Secure Over $400 Million in Digital Assets

Fireblocks, an enterprise platform for securing crypto-assets “in transit,” revealed on November 19 that, Celsius Network, an established provider of interest income and cryptocurrency-based loans in more than 150 jurisdictions, is using Fireblocks, in order to safeguard more than $400 million in assets and 49,000… Read More

Report: Former Wall Street Traders Warn of Crypto Lending Bubble

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

Bitcoin Bounce: BTC Rises 14% During the Day

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

Celsius Network Collaborates with TrustToken to Offer High Interest Income on TGBP, TAUD, TCAD, THKD, & TUSD Stablecoins

Celsius Network, a cryptocurrency lending and borrowing platform, announced on Wednesday it has teamed up with global stablecoin provider TrustToken to offer interest income on True Great Britain Pound (TGBP), True Australian Dollar (TAUD), True Canadian Dollar (TCAD), True Hong Kong Dollar (THKD), True US… Read More

Crypto Rating Council Sign of Maturity Says Celsius Network CEO

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

Celsius Network Named Preferred Interest-Bearing Wallet for Litecoin Foundation

Celsius Network, a cryptocurrency lending and borrowing platform, announced on Thursday it was named preferred interest-bearing wallet for the Litecoin Foundation. Along with the collaboration, the Litecoin Foundation board selected Celsius to manage a portion of their treasury, a first for the organization. Speaking about… Read More

Celsius Network Now Offering Up To 12% APR on USDC, TUSD, USDT, & The Stablecoins

Celsius Network, a cryptocurrency lending and borrowing platform, announced on Wednesday it has increased interest rates for stablecoin deposits to 12.03% APR. According to Celsius, users who choose to earn interest in the platform’s blockchain-based CEL token can earn up to 30% more than the… Read More

Celsius Network Update: Crosses 100 Active Institutional Accounts in First Half of 2019

Celsius Network, a cryptocurrency lending and borrowing platform, announced on Tuesday it has on-boarded more than 100 institutional clients during the first half of 2019. Celsius Network confirmed that in order to use its services, institutions must complete a rigorous KYC and AML application and evaluation… Read More

Celsius Network Unveils Compounding Interest for Crypto Holders

Celsius Network, a cryptocurrency lending and borrowing platform, announced on Thursday the introduction of compounding interest for crypto holders on its site. According to Celsius Network, members will be able to earn weekly compounded interest on CEL tokens at a rate of 3% per annum…. Read More

Celsius Network Surpasses 20,000 BTC in App Deposits During First Year of Operation

Celsius Network, a cryptocurrency lending and borrowing platform, announced on Monday it has surpassed 20,000 BTC through mobile app deposits during the first year of operations. The platform reported that with the mission of making financial services fair, rewarding, and transparent, members may earn interest… Read More

Celsius Network Announces New Partnership With Tether

Celsius Network, a cryptocurrency lending and borrowing platform, announced on Wednesday it has formed a partnership with Tether, a stablecoin which pegs its value to the US dollar. Celsius Network reported that its mobile app will now support the USDT ERC20 stablecoin allowing USDT holders… Read More

Crypto Lender Celsius Network Announces New Partnership With Bitcoin.com

Celsius Network, a cryptocurrency lending and borrowing platform, announced on Thursday it has formed a new partnership with Bitcoin.com. According to Celsius Network, users of its services are now able to purchase BCH, BTC, ETH, and other mutually supported cryptocurrencies through the Celsius app using… Read More

Celsius Network Milestone: Tops $300 Million in Coin Deposits; Completes More Than $2 Billion in Original Crypto Loans in the First Year

Celsius Network, a cryptocurrency lending and borrowing platform, announced on Thursday it has topped $300 million in coin deposits, as well as completed more than $2 billion in originated crypto loans during its first year of operation. Founded in 2017 and launched 2018, Celsius states… Read More

Celsius Network Now Resuming CEL Token Utilities for U.S. Users

Celsius Network, a cryptocurrency lending and borrowing platform, announced on Wednesday it has resumed CEL token utilities for U.S. users. Celsius Network reported that the action was taken voluntarily and in the best interest of its community. Speaking about the action, Jeremie Beaudry, Chief Compliance… Read More

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