Tagged: Celsius

July 4, 2022 @ 9:17 am By Omar Faridi  |  

Just three weeks after (the once leading) cryptocurrency lender Celsius revealed that it was halting withdrawals, platform users are now demanding some answers, according to a report from the WSJ. When crypto-asset lending platform Celsius had suspended customer accounts following a sharp decline in valuations,… Read More

July 1, 2022 @ 11:25 am By JD Alois  |  

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

June 16, 2022 @ 11:17 am By JD Alois  |  

Celsius continues to struggle in the background to resurrect its crypto banking operations. This past weekend, Celsius announced it had paused all withdrawals due to an apparent crypto bank run. Of course, this generated panic and frustration from its users that had trusted the operation… Read More

June 14, 2022 @ 4:10 pm By JD Alois  |  

Celsius has posted a brief update on its radical step this past weekend to halt all withdrawals. Via Twitter, Celsius stated: “[We are] working as quickly as possible and will share information as and when it becomes appropriate. Acting in the interest of our community… Read More

June 13, 2022 @ 9:59 am By JD Alois  |  

BlockFi, another large crypto lending and yield platform, has issued a statement that all things are operating normally on their platform – a clear reference to the temporary halt of withdrawals on Celsius. BlockFi CEO and founder Zac Prince stated: All products and services BlockFi… Read More

June 13, 2022 @ 9:46 am By JD Alois  |  

Marcus Sotiriou, an Analyst at the UK-based GlobalBlock (TSXV:BLOK), believes the decline in crypto markets and the sinking value of Bitcoin is due to fear surrounding the insolvency risk – pointing a finger at Celsius, a large crypto platform that halted all withdrawals today without… Read More

June 13, 2022 @ 8:11 am By JD Alois  |  

There is a rush for the exits in the crypto markets it seems. Yesterday, Celsius – a “new economy” digital asset platform that provides services similar to banks but with crypto, announced it was halting all withdrawals, transfers, and swaps due to the collapsing market…. Read More

February 4, 2022 @ 1:19 pm By Omar Faridi  |  

Public Mint, the fiat-native public blockchain and money system, has started using Celsius, the platform for lending and earning yield on digital currency, adding to Public Mint’s diversified, high-yield returns program known as EARN. The partnership with Celsius diversifies EARN’s offerings, which enables users to… Read More

November 2, 2021 @ 8:23 am By Omar Faridi  |  

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

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 28, 2021 @ 9:09 am By Samantha Hurst  |  

Celsius Network, a cryptocurrency lending and borrowing platform, announced on Thursday it has teamed up with Brooklyn Nets’ Spencer Dinwiddie for cryptocurrency education and advancing the Celsius mission of financial independence through the blockchain. According to Celsius, the collaboration is aiming to build “awareness around… Read More

May 6, 2021 @ 1:26 pm By Samantha Hurst  |  

      Celsius Network, a cryptocurrency lending and borrowing platform, announced on Thursday it has formed a partnership with B21 Crypto, a global, mobile-first cryptocurrency platform to provides investing, earning, and sending crypto services. Through the partnership, B21 is notably launching a new feature,… Read More

March 14, 2021 @ 10:02 pm By Samantha Hurst  |  

Celsius Network, a cryptocurrency lending and borrowing platform, announced on Friday its CEL token is now on the Bittrex Global Exchange. According to Celsius, the CEL token was listed on its first crypto exchange in June 2018 and is currently also trading on several decentralized exchanges. Celsius customers… 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 15, 2020 @ 2:31 pm By Samantha Hurst  |  

Digital asset exchange Bitfinex announced on Thursday it is teaming up with cryptocurrency reward-earning platform Celsius Network to offer its customers easy access to Celsius’ rates for earning rewards on crypto holdings. The duo notably aims to “empower” the crypto community to stabilized the market… Read More

February 21, 2020 @ 9:31 am By JD Alois  |  

Crypto lending network Celsius has posted a release about platform growth. Launched in 2017, Celsius now claims 75,000 users worldwide. According to the company, it currently holds $730 million in deposits and collateral from loans under management. This is an increase of 62% from $450… 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