Tagged: celsius network

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

June 8, 2020 @ 1:42 pm By Samantha Hurst  |  

Celsius Network, a cryptocurrency lending and borrowing platform, recently announced it surpassed $1 billion in cryptocurrency deposits since its launch in 2018. This announcement comes just after Celsius announced it now has more than 110,000 active users using its platform.  As previously reported, Celsius claims… Read More

May 20, 2020 @ 10:44 am By Samantha Hurst  |  

Celsius Network, a cryptocurrency lending and borrowing platform, announced on Wednesday it is offering borrowers USD and stablecoin loans against their cryptocurrency assets at just 1% APR as part of its COVID-19 relief efforts. The platform also revealed that it has surpassed 100,000 active users…. 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

April 29, 2020 @ 12:57 pm By Samantha Hurst  |  

Celsius Network, a cryptocurrency lending, and borrowing platform, recently announced that more than 50,000 BTC have been deposited into Celsius apps since its launch in August 2018. This latest milestone comes just months after Celsius reported crossing 20,000 BTC deposits in its first year. Founded… Read More

April 13, 2020 @ 2:43 pm By Samantha Hurst  |  

Celsius Network, a cryptocurrency lending, and borrowing platform, announced on Monday it has reduced its minimum loan request to $1,000 during the COVID-19 pandemic. Celsius Network reported that it lowered its loan minimum in the wake of the effects that the virus has had on… Read More

March 31, 2020 @ 3:58 pm By Samantha Hurst  |  

Onchain Custodian, a Singapore-based digital assets custody service, announced on Tuesday it has formed a new partnership with Celsius Network, a cryptocurrency lending, and borrowing platform. The duo reported that the partnership enables Onchain Custodian’s customers to earn a yield on their assets by lending… Read More

March 30, 2020 @ 5:12 pm By Samantha Hurst  |  

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

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

March 4, 2020 @ 10:13 pm By Omar Faridi  |  

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

February 19, 2020 @ 9:48 am By Samantha Hurst  |  

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

January 27, 2020 @ 3:52 pm By Samantha Hurst  |  

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

November 26, 2019 @ 10:02 am By Omar Faridi  |  

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

November 20, 2019 @ 7:23 am By Omar Faridi  |  

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

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