Editors News Celsius has laid off 150 employees. Withdrawals on Celsius have not resumed yet. Leading crypto lending platform Celsius network has laid off 150 employees, a quarter of its workforce, as...
Tag: Celsius
Did Celsius pay off $67,000,000 of debt? Here’s the latest
Celsius has been in the news of late. Reports of impending insolvency have flashed across social media in recent weeks. But Celsius supporters are trying to boost CEL token prices. Cooling off the hea...
Celsius Sends $72 Million Worh of ETH to “Dump” Wallet, Here’s What to Expect
Arman Shirinyan Company that was on brink of losing everything is trying to cover as many loans as possible The crypto lender Celsius has moved 67,000 Ethereum to the wallet that was previously used f...
Here’s What Celsius Is Doing To Prevent Bankruptcy
Beleaguered crypto lender Celsius and its affiliates are doing everything to prevent a bankruptcy filing. Moreover, the management is reaching out to its shareholders for solutions. However, Celsius c...
Celsius Network takes affirmative action to stave off bankruptcy
According to the tech website CTech, Celsius Network laid off 150 workers in a bid to stay operational. The troubled lending and borrowing platform announced a pause on withdrawals on June 13, citing ...
Celsius token records double-digit gains despite lending platform turmoil
Cryptocurrency lending platform Celsius’ ongoing controversies regarding the sustainability of the business appear to have little impact on the network’s native token Celsius (CEL) which has soared de...
Crypto lender Celsius dismisses a quarter of its employees: Calcalist
Troubled cryptocurrency lending platform Celsius has cut 150 employees, Israeli business website Calcalist said today in a story tagged “exclusive.” The company’s LinkedIn profile lists 651 employees...
Embattled Crypto Lending Platform Celsius Lays Off 150 Workers – crypto.news
Cryptocurrency lending platform Celsius has fired about a quarter of its workforce, days after assuring customers that it is working hard to fix its withdrawals and liquidity issues, according to repo...
Celsius cuts 25% of its staff as the crypto winter snowballs
Celsius, a struggling crypto firm, has fired 150 workers. According to the latest reports, this represents a quarter of its staff. According to CalCalistech.com’s report, those dismissed include peopl...
Celsius Lays off 150 Workers as Depositors’ Worries Begin to Mount
Embattled crypto lender, Celsius, has laid off 150 employees, representing a quarter of its workforce, according to the latest reports. Israeli news outlet Calcalist reported some of the employees lai...
Celsius Customers Are Losing Hope for Their Locked-Up Crypto
It has been three weeks since crypto lender Celsius Network LLC took the drastic step of halting customers’ withdrawals. Many people are starting to wonder if they will ever see their money again. All...
Celsius Lays Off 150 Employees as Crypto Winter Deepens (Report)
According to a recent report, Celsius Network has fired about a quarter of its employees. This comes just days after the company issued a statement, reassuring once again that it’s working around the ...
Celsius’ Unsuccessful Attempt to Stabilize Liquidity
As a direct result of the recent poor performance of the cryptocurrency market, the Celsius Network is now dealing with liquidity concerns. The withdrawal option on Celsius was disabled a month ago, a...
FTX Snubs Celsius and Closes BlockFi Deal, Fundraising Rounds with MoHash and Kyve – crypto.news
Recent reports indicate that FTX walked away from a deal to save Celsius after looking deeply into the state of the latter’s financial record. However, FTX is already finalizing a deal to buy BlockFi ...
Voyager Looks To Tow The Same Path As Celsius, Halts Customer Withdrawals And Deposits
– Advertisement – Voyager Halts Customer Withdrawals And Deposits. In a press release on Friday, Voyager reveals that it is halting customer trading, withdrawal, deposits, and loyalty re...
BnkToTheFuture unveils 3 proposals to rescue Celsius from oblivion
Celsius’ lead investor BnkToTheFuture has outlined three proposals to save Celsius from bankruptcy while finding a good outcome for shareholders and depositors with funds stuck on the platform. Shared...
Celsius is actively working on solutions to ‘preserve and protect’ assets
Following the upheaval that occurred in the middle of June, the cryptocurrency lending platform Celsius Network LLC, is reportedly investigating several possibilities in order to “preserve and protect...
BnkToTheFuture proposes 3 methods to solve Celsius Network’s liquidity issues
BnkToTheFuture, one of Celsius Network‘s leading investors, has submitted three proposals that could help solve the firm’s liquidity issues and save it from bankruptcy. #DepositorsFirst Celsius Recove...
FTX walked away from a deal with Celsius after seeing state of its finances
Crypto exchange operator FTX looked at making a deal with troubled crypto lender Celsius but ultimately walked away, two people with knowledge of the matter told The Block. FTX began talks with Celsiu...
How Celsius, 3AC misjudged risk and is DeFi’s future in interest rate swaps?
CryptoSlate spoke to Simon Jones, CEO of Voltz, an interest rate swap DeFi protocol that aims to create “capital-efficient” within DeFi. Jones has a deep understanding of assessing market risk and spe...
FTX Abandoned Discussions to Celsius Network Acquisition – Report
The latest report on Thursday 30th June showed that Bahamian cryptocurrency exchange FTX Derivatives Exchange passed on a deal to acquire New Jersey-based crypto lending firm Celsius Network. FTX had ...
CEO’s Alleged Escape Is False News — Celsius Network
Officially, Celsius Network has refuted all claims that its CEO attempted to escape the United States. This statement follows reports that the company’s CEO, Alex Mashinsky, was purportedly halted by ...
FTX discarded Celsius deal after reportedly finding $2B missing from its balance sheet
FTX has walked away from a deal to acquire Celsius after reviewing its balance sheet and finding a “$2 billion hole,” according to a June 30 report by The Block. Two sources reportedly told The Block ...
Celsius breaks silence as it attempts to ‘stabilize liabilities,’ ‘protect assets’
Celsius finally broke its silence with a June 30 blog post stating that it is “working as quickly as we can to stabilize liquidity and operations.” Behind the scenes, it claims that actions are being ...
Celsius Exploring Solutions for Liquidity Crisis
Key Takeaways Celsius has announced that it is exploring plans to help it regain solvency amidst its ongoing liquidity crisis. Celsius says that it is exploring strategic transactions, liability restr...
FTX Passed on Deal to Purchase Celsius Due to Deficient Balance Sheet: Report
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Nansen Analysis Examines How Terra Collapse Affected Celsius and Three Arrows Capital
Terra’s collapse ultimately contributed to highly publicized insolvency troubles at both Celsius and Three Arrows Capital, according to research from the blockchain analytics platform Nansen. Nansen, ...
Celsius Had Higher Risk Profile Than Average US Bank: WSJ
A recent report from the Wall Street Journal (WSJ) has revealed that embattled crypto lending platform Celsius Network took on more risk than it could naturally handle. A review of the data sent to in...
Celsius carried more risk than traditional banks, investor documents show
Crypto lending platform Celsius (CEL) was riskier for users than traditional banks, according to a report by The Wall Street Journal based on investor documents. The lending platform has been facing s...
Nansen report reveals Terra caused the stETH depeg and crippled Celsius, 3AC
The source of the current market volatility and liquidity issues with companies such as Celsius and Three Arrows Capital could be directly linked to staked Ethereum (ETH) on Lido, according to a June ...