A week after it started its withdrawal freeze, crypto lending platform Celsius Network warned the community of a rise in fake social media accounts claiming to be affiliated with the company. In a bl...
Tag: Celsius
Celsius Price Skyrockets By 130% Due To Possible Short Squeeze
Cryptocurrency lender, Celsius recently suspended the withdrawals over its platform which caused panic among the investors. However, its native token CEL prices have registered a whopping surge of 130...
Celsius Repays Compound Finance $10m Worth of DAI
Crypto lender Celsius Network has repaid interest-yielding DeFi service Compound Finance with $10 million worth of the DAI stablecoin, according to a report from Crypto Briefing. The payment is likely...
Celsius exodus and liquidity crisis
Last week, the Celsius Network wrote its name in the alarming recent history of the crypto market failures alongside Terra. The American platform has unstaked $247 million worth of Wrapped Bitcoin (wB...
Bitboy Crypto was Gearing to Sue Celsius, but Then Remembered that it Promoted it
Bitboy Crypto was gearing to Sue Celsius, but then suddenly remembered that it promoted Celsius on the platform. The crypto crowd is angry. Here is the full story. The early days of the crypto-bullish...
How Celsius Network Is Proving Critics Wrong, Price Soars to $0.9 Amid Market Dip » NullTX
It’s been eight days since Celsius Network Halted Swaps, Transfer, and Withdrawal, citing extreme market conditions. This came as the Crypto Market was experiencing a massive sell-off that saw Bitcoin...
Celsius Network Offered Proposed Recovery Plan by BnkToTheFuture Following Withdrawal Shutdown
The Celsius Network received a tentative plan from a former lead investor to deploy financially innovative countermeasures for recovery. Simon Dixon, founder of Web3 investment firm BnkToTheFuture, ha...
Celsius says it’s determined to find a resolution a week after halting withdrawals
Crypto lending firm Celsius Network said it’s working with regulators and remains determined to find a resolution a week after stopping clients withdraw funds from their accounts. “We want our commun...
Celsius faces a potential short squeeze; $20M bounty out on info about possible attack
? Want to work with us? CryptoSlate is hiring for a handful of positions! There has been a lot of talk about Celsius and its founder Alex Mashinsky over the past week. Some believe the situation is ov...
Bitcoin Recovery Wades Off Celsius Liquidation, But For How Long?
The price of bitcoin has made a remarkable recovery above $20,000 after a brutal week riddled with crashes. These dips had driven decentralized finance (DeF)/ lending protocol Celsius, to the brink of...
Sam Bankman-Fried Debunks Rumors of Causing Celsius’ Situation
SBF feels it is only dutiful to make a move for the general good of the entire crypto market, even if it will come at a personal loss. While Celsius remains on the brink of insolvency, the CEO of asse...
Celsius Repays $10M DAI to Compound
Key Takeaways Celsius made a $10 million repayment to Compound Finance today, likely attempting a step toward solvency. Celsius disabled withdrawals, transactions, and swaps one week ago. It still has...
Crypto Firm Celsius Addresses Community As Top Investor Details Potential Recovery Plan
Crypto lending firm Celsius (CEL) is reaching out to users in hopes of touching base after the platform halted withdrawals last week. In a new blog post, Celsius claims they are focusing on stabilizin...
Celsius Warns Stabilizing Liquidity ‘Will Take Time’
Celsius Network said it’s working with controllers not entirely set in stone to determine its concerns Investor BnkToTheFuture has proposed a recovery plan The update comes seven days after the ...
Celsius Network Pauses AMAs With Customers Left in the Dark Over Withdrawals
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Celsius: a rescue plan similar to that of Bitfinex
Celsius‘ lead investor, BnkToTheFuture, via its co-founder, Simon Dixon, has proposed a rescue plan similar to the one used in 2016 to save the Bitfinex exchange. Celsius Recovery Plan – A Statement F...
Celsius Lead Investor Proposes Recovery Plan for Network
One of Celsius Network’s earliest investors has proposed a recovery plan to help the beleaguered company. Details will be revealed when the board is ready. Simon Dixon, the founder of Web3 investment ...
Celsius claims it will take time to stabilize its financial operations
One week ago, a crippling liquidity issue caused Celsius to halt withdrawals from its platform. The crypto lending network has now stated that additional time is needed for it to regain its financial ...
BnK to The Future CEO Offers Support for Celsius as Crypto Lender Draws Up Recovery Plan – crypto.news
Simon Dixon, CEO, and co-founder of Bnk to The Future, issued a statement offering his organization’s support to beleaguered crypto lender Celsius. BnK Offers a Helping Hand In the statement, Dixon ma...
Need More Time to Resume Operations: Celsius Network
Crypto lender Celsius Network said Monday that it needs more time to resume its operation by stabilizing its liquidity and further pausing activities on Twitter. The company’s announcement came ...
BnkToTheFuture Co-founder Simon Dixon Lends Support To Drowning Celsius
22 mins ago | 2 mins read Defi News Celsius raised $20.46 million from 1039 investors in June 2020. Dixon’s organization came up with a solution that saved consumers approx $72M. BnkToTheFuture and it...
Celsius Network plans to adopt a Bitfinex-like recovery plan
The lead investor at Celsius Network BnkToTheFuture, and the co-founder of the protocol Simon Dixon, have proposed a recovery plan for the Celsius Network. The two have proposed implementing the same ...
Celsius Network Pauses AMAs and Twitter Spaces, Wants More Time to Find a Solution
A week after halting withdrawals, among all other services, the team behind Celsius has suspended some of its online engagement programs, including AMAs. At the same time, the project promised to be w...
When Will Celsius Network Allow Withdrawals?
Editors News Simon Dixon pledged to help the Celsius network recover. Celsius (CEL) lost over 91% of its value from its all-time high of $8.02. On June 13, Celsius Network, one of the largest crypto l...
Celsius To “Pause” Twitter Spaces, When Will Withdrawals Resume?
Crypto lender Celsius said on Monday it is “pausing” its Twitter and Reddit spaces to focus on its debt restructuring, as withdrawals remain suspended. The lender said in a blog post that it is in ope...
Celsius recovery plan proposed amid community-led short-squeeze attempt
Celsius’ lead investor BnkToTheFuture and its co-founder Simon Dixon have offered to assist the network by deploying similar “financial innovation” used in 2016 to save cryptocurrency exchange Bitfine...
Celsius is risking insolvency – The Coin Republic: Cryptocurrency , Bitcoin, Ethereum & Blockchain News
Crypto lender risks insolvency after it pauses withdrawals CEL token has plummeted more than 50% in the last 24 hours Celsius Network held a $3.5 billion pre-money valuation Crypto moneylender Celsius...
The current Celsius, 3AC situation may not be as bad as rumors suggest
? Want to work with us? CryptoSlate is hiring for a handful of positions! One of the more concerning issues around the current insolvency fears for several centralized lenders and investors is the lac...
9 month recovery plan for Celsius announced by lead investor Bnk to the Future
? Want to work with us? CryptoSlate is hiring for a handful of positions! Founder of web3 investment firm, Bnk to the Future Simon Dixon, who led the first investment round for Celsius has announced a...
Babel Finance Halts Withdrawals Following Celsius; Amber Group Reveals Where It Stands
Babel Finance, a crypto-financial service provider, has stopped withdrawals and redemptions citing ‘liquidity pressure’ as cryptocurrency prices continue to drop, following the steps of Celsius. The...
The Celsius episode – What this analyst thinks about what happened
Questions continue to be asked of Celsius since it abruptly froze user accounts. With the crypto-winter in full swing, account holders are left in anguish over their holdings. Meanwhile, one analyst i...
From bitcoin and Ethereum crashing upto 30% to Celsius halting withdrawals, hadn’t this week too much?
Although markets are unpredictable, especially the crypto market is quite uncertain but this week has seen too many surprises. No matter where you see, most probably you will encounter news of falling...