Key Takeaways Jason Stone, the head of KeyFi, says that Celsius owes money after KeyFi briefly managed client funds on its behalf. Celsius supposedly failed to hedge against risk, which became clear w...
Tag: Celsius
Celsius Fully Repays MakerDAO Debt
Key Takeaways Celsius has repaid its $41.2 million debt to MakerDAO, which enabled it to unlock the 21,962 wBTC it had been using as collateral. If Celsius sold its wBTC today, it would suffer a $1 bi...
7 best alternatives to Celsius Network
Celsius Network remains in murky waters following massive contagion across the crypto industry. To say the least, BlockFi, Voyager Digital, and Coinbase-backed Vauld have all been alternatives. But th...
Celsius Network continues to make moves, prompting calls to resume withdrawals
It’s approaching four weeks since Celsius Network implemented a pause on withdrawals, swaps, and transfers between accounts, citing “extreme market conditions.” During this time, senior staff has draw...
Celsius Network fully pays off Bitcoin loan as user funds remain locked
Troubled cryptocurrency lending firm Celsius Network LLC, which made headlines after stopping its half a million users from withdrawing their money due to the crypto market crisis, has now fully paid ...
Celsius Network Pays Off Maker Loan, Freeing Up $440M of Collateral
On-chain data shows that a wallet linked to Celsius repaid the remaining $41.2 million of the loan in DAI, the Maker protocol’s stablecoin. That prompted the Maker protocol to release 21,962 wra...
Celsius Paid Off Maker Loan, Moves Funds In Single Wallet
Crypto lender Celsius has paid off its Maker loan completely. Celsius has paid the 41.23 million DAI debt and withdrawn 21,962.63 wBTC collateral worth $450 million. Interestingly, most of the funds a...
3 best Celsius alternatives in 2022
The recent issues affecting the Celsius platform have created a problem for many crypto and DeFi enthusiasts. Finding alternative solutions is essential, and users should prioritize providers that off...
Here’s What Happens If Celsius Prepares For Bankruptcy
Beleaguered crypto lender Celsius is at high risk of being insolvent and may file for bankruptcy. Meanwhile, the company and its affiliates are trying everything including debt repayments, restructuri...
Celsius Shuffles Directors as Liquidity Crisis Continues
Key Takeaways Celsius, still facing its ongoing liquidity crisis, has recruited two new directors and dismissed three others. Alan Jeffrey Carr and David Barse will join the board alongside Celsius CE...
Fresh allegations against Celsius renew calls for EU crypto compensation fund
A petition to the European Parliament for the creation of a crypto compensation fund is gathering steam following recent scandals, in particular happenings at Celsius Network. The petition organizer, ...
Celsius Network Repays Another $34M, BTC Liquidation Price Falls Below $3K
Celsius Network has repaid yet another $34.43 million of its debt to MakerDAO as the former blue-chip company tries to avert a total collapse. This marks the second such repayment in less than 24 hour...
Celsius pays off loans for a total of $154 million in Bitcoin
Within two days, cryptocurrency lending company Celsius Network paid off its loans totaling $154.8 million in Bitcoin as the liquidation price dropped yesterday to $2,722.06. Celsius Network and the ...
Is Celsius (CEL) Next To File Bankruptcy After Voyager, Three Arrows
Crypto lender Celsius has paid off another $40.8 million towards its outstanding loan of Maker. The wBTC liquidation price has now dropped to $2,722.11. The beleaguered crypto lender has paid almost $...
Can Celsius hold on after its $120M repayment triggered a CEL mini-rally
Crypto service-providing platforms have been in a fix over the past few weeks, and The Celsius Network became a victim as well when the market conditions worsened. However, another one has made it to ...
Celsius Repays $183M on DeFi Exchange Maker, Gets Back Collateral, Blockchain Data Shows
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Celsius Pays Off Over $120M On Its Bitcoin Backed Loan, Lowers Liquidation Price To $4,967 ⋆ ZyCrypto
Advertisement     Besieged crypto-centric firm Celsius has continued to repay loans owed to various lenders as it charts a way forward to recovery. Since it announced ...
CoinLoan Reduces Withdrawal Limits but Claims No Exposure to Luna, Celsius, 3AC
CoinLoan – a company that offers crypto-backed loans and interest-earning accounts – said it will balance the flow of funds on its platform by reducing the account withdrawal limits. The firm assured ...
Celsius Beats Down Liquidation Price With $120 Million In Loan Repayments
Celsius has been at the center of most crypto controversies in the last month. The lending platform had had to pause withdrawals, transfers, and swaps on its platform, citing extreme market conditions...
Celsius Repays $120M Maker Debt
Celsius Network has paid another $120 million of its Bitcoin loan to Maker DAO through several DAI transactions. $120 Million Debt Repaid Although either party has not confirmed the news, the $120 mi...
Paid off Maker loans, and Celsius got rid of troubles for now, but for how long?
This move of crypto lender Celsius to repay a hefty loan in 143 Million DAI would be a heavy hit to the rumours about the firm being on the verge of insolvency For quite some time now, crypto lending ...
Celsius repays $120 million stablecoin debt to Maker protocol
Within the last 24 hours, Celsius repaid $120 million of its debt owed to decentralized lending protocol Maker across three transactions. Celsius, a centralized lending firm currently facing a severe ...
Celsius Pays Back Maker’s Debt Via DAI Stablecoin
2 hours ago | 2 mins read Exchange News Celsius network has repaid almost $143 M debt through the Maker wallet. The liquidation price is reduced to $4,966.86 post the last transaction. The so-called C...
Celsius (CEL) Lowers Liquidation FUD, Can It Resume Withdrawals Now?
Crypto lender Celsius lowered its chances of getting liquidated as the company actively repays its outstanding debt. Celsius has paid off nearly $142 million of the loan since July 1, further reducing...
Celsius’ Bitcoin Loan Liquidation Price Below $5K as Company Repays $120 Million in Debt
Celsius Network has made several loan repayments to reduce the threshold at which it would be forcibly liquidated. The loan paybacks have been witnessed on vault #25977, which is said to belong to the...
Celsius Network Slashes 25% of its Workforce amid Potential Insolvency
Celsius Network’s woes continue to deepen because the crypto lending company has reduced its workforce by 150 employees, including those based in Israel, according to media outlet CTech. The American-...
Celsius Network Pays Another $50 Million of its Bitcoin Loan; Liquidation Price Falls To $8,840 – Coinpedia – Fintech & Cryptocurreny News Media
The Celsius Network has now paid off another $50 million of its Bitcoin loan, meaning that the digital currency lending platform is still on the journey to repay the remaining debt left. The news come...
Did Celsius Just Repay $120M to Maker?
Key Takeaways Celsius seems to have repaid $120 million to multi-collateral Dai vault #25977 in a series of three transactions. The crypto lending firm suspended withdrawals last month; these repaymen...
Celsius pays down 143M in DAI loans since July 1
Celsius (CEL) has repaid a substantial amount of its outstanding debt to Maker (MKR) protocol since the beginning of the month, signaling that the troubled crypto lending platform was trying to stave ...
Crypto Winter Makes Celsius To Cut Its Workforce By 25%
Current downtrends in crypto prices have forced many digital asset service providers to reduce their staff to survive in a time when low trading volumes have reduced revenue. Despite the market curren...