Tagged: celsius network

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 16, 2019 @ 12:59 pm By Samantha Hurst  |  

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

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 19, 2019 @ 2:15 pm By Samantha Hurst  |  

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

September 18, 2019 @ 12:54 pm By Samantha Hurst  |  

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

September 10, 2019 @ 3:20 pm By Samantha Hurst  |  

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

August 29, 2019 @ 2:31 pm By Samantha Hurst  |  

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

August 26, 2019 @ 12:59 pm By Samantha Hurst  |  

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

August 21, 2019 @ 12:13 pm By Samantha Hurst  |  

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

August 15, 2019 @ 11:58 am By Samantha Hurst  |  

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

August 9, 2019 @ 8:21 am By Samantha Hurst  |  

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

August 7, 2019 @ 9:49 am By Samantha Hurst  |  

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

August 6, 2019 @ 2:43 pm By Samantha Hurst  |  

Celsius Network, a cryptocurrency lending and borrowing platform, announced on Tuesday it started offering cash and stablecoin loans to users in Spain. Accoridng to the platform, the loans are starting at just 4.95% per year and are claimed to represent the lowest cost available anywhere… Read More

August 1, 2019 @ 3:24 pm By Samantha Hurst  |  

Celsius Network, a cryptocurrency lending and borrowing platform, announced on Thursday it has topped  $300 million in AUM and $2.2 billion in loans. Celsius Network reported: “These new numbers reflect the company’s unparalleled growth during its first year in operation and places Celsius as the… Read More

June 20, 2019 @ 2:30 pm By Samantha Hurst  |  

Celsius Network, a cryptocurrency lending and borrowing platform, announced on Thursday it has acquired BSave, a digital platform that provides earned interest income on cryptocurrency.  Celsius reported that as part of the acquisition, it will now have access to the yield generating algorithms originally developed… Read More

June 11, 2019 @ 1:13 pm By Samantha Hurst  |  

Celsius Network, a cryptocurrency lending and borrowing platform, announced on Tuesday it has listed its CEL Token on cryptocurrency exchange platform, Liquid.com. Celsius reported that it chose to list on Liquid as it is claimed to be one of the top ten global exchanges for… Read More

May 16, 2019 @ 10:17 pm By Samantha Hurst  |  

Celsius Network, a cryptocurrency lending and borrowing platform announced on Thursday it topped $200 million in coin deposits in the course of ten months, as well as completed $1.2 billion in originated crypto loans. Founded in 2010, Celsius claims that it addresses the financial needs… Read More

October 26, 2017 @ 1:59 pm By Samantha Hurst  |  

Singapore-based blockchain credit bureau MicroMoney announced on Thursday it has formed a partnership with Celsius Network, a decentralized credit lending platform. The new tandem is hoping to expand the reach of cryptocurrency loans to customers worldwide. According to MicroMoney, since both firms’ platforms use the… Read More