It has been a very trying week for the community as the crypto industry took a beating like never before. Crypto lending platforms like Celsius and Babel Finance suspended all withdrawals to protect l...
Tag: Celsius
Celsius users fear collateral liquidation amid transfer freeze
Following crypto lending firm Celsius’ decision to freeze all transfers and withdrawals Sunday, some investors have taken to social media over concerns that their loans will be liquidated as they’re u...
Alex Mashinsky, Celsius founder feeling the heat
Alex Mashinsky, the founder of crypto lender Celsius, has built a cult following by tapping public mistrust in mainstream financial institutions. Launched five years ago, Celsius, which offers clients...
The Falling Celsius Network… – The Coin Republic: Cryptocurrency , Bitcoin, Ethereum & Blockchain News
The Celsius Network is a centralized entry point into the crypto realm. It had already secured a whopping $864 million in venture financing and was on the verge of dominating the crypto sphere. In ord...
Crypto prices continue to tank, lawsuit takes aim at Binance.US, and Celsius moves $320M worth of digital assets: Hodler’s Digest, June 12-18
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, pr...
Crypto carnage pushes Celsius, Three Arrows Capital closer to insolvency, June 9-16
The 2022 version of crypto winter has been unlike anything we’ve seen before. As I warned last month, the meltdown of the Terra ecosystem didn’t end with Luna Classic (LUNC) hitting zero. The biggest ...
Three Arrow Capital and Celsius fall brings a tsunami of sell-off in DeFi
This past week, the decentralized finance (DeFi) ecosystem faced the brunt of the bears fueled by liquidation rumors of Three Arrow Capital (3AC) and Celsius liquidations. MakerDAO decided to cut off ...
Celsius in Talks with SEC About Withdrawal Freeze as Investigations Get Underway: Fox Reporter
Tomiwabold Olajide Celsius Network is in communication with United States Securities and Exchange Commission (SEC) As reported by Fox business correspondent Eleanor Terrett, Celsius Network is in comm...
Babel Finance Pauses Withdrawals After Celsius; Amber Group Clarifies Position
Crypto financial service provider Babel Finance has halted withdrawals and redemptions amid a market slump, soon after Celsius did the same, citing ‘liquidity pressure’ In a recent release, the Hong K...
Celsius investors ‘unlikely’ to provide bail-out funds: WSJ
Major investors of crypto lending platform Celsius are “unlikely” to provide additional financial support, the Wall Street Journal reports. The news outlet said investors such as Canadian ...
Fundraising Rounds with Aqualis and Revoland, Musk in a $258 Billion Lawsuit, Probes on Celsius Withdrawal Halt – crypto.news
According to recent reports, Aqualis DAO is currently conducting its seed sale, intending to raise $3 million. Aqualis DAO Ongoing Seed Sale On their Twitter page, the platforms noted that: “@Aqualis...
SEC, State Regulators Probe Crypto Lender Celsius Over Accounts Freeze – Coinotizia
The U.S. Securities and Exchange Commission (SEC) and several state regulators are reportedly investigating the decision by crypto lender Celsius Network to freeze withdrawals. U.S. Securities Regulat...
Texas securities regulator opens investigation into Celsius: Reuters
The Texas State Securities Board has opened an investigation into troubled crypto lender Celsius, according to reports on Thursday afternoon. Reuters first reported that the regulator has begun inves...
MakerDAO Votes to Disable Aave DAI Supply, Reducing Celsius Exposure
MakerDAO, the organization behind the DAI stablecoin, is set to disable the Direct Deposit Module (D3M) for DeFi lending platform Aave later today. “The Maker Governance has voted to temporarily disab...
Celsius Drama, 3AC Insolvency Rumors, Bitcoin Amid $20K: This Week’s Crypto Recap
The market has taken a beating over the past seven days, and it’s not looking very good at the time of this writing. Bad news came from various fronts, which resulted in close to $400 billion being wi...
SEC, State Regulators Probe Crypto Lender Celsius Over Accounts Freeze – Regulation Bitcoin News
The U.S. Securities and Exchange Commission (SEC) and several state regulators are reportedly investigating the decision by crypto lender Celsius Network to freeze withdrawals. U.S. Securities Regulat...
‘Few Are Feeling OK’: Celsius Investors Unlikely to Fund Bailout: Report
Embattled crypto lending platform Celsius Network is not on the brink of a bailout, according to a Wall Street Journal report citing people familiar with the matter. Caisse de dépôt et placement du Qu...
Layer by Layer Issue 35: Celsius and More
June 16, 2022, 11:24AM EDT • 22 min read Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridge...
This analyst decodes the mystery behind Celsius’ crippling meltdown
It is true the bear market is raining down on the entire cryptocurrency market. But the devastation has been more painful for some. Celsius is certainly a leading highlight of the crippling crypto ins...
Crypto Lending Platform Babel Finance Halts Withdrawals Following Celsius
3 hours ago | 2 mins read Defi News Babel Finance had a loan balance of over $3 billion by the end of 2021. It had a monthly derivatives trading volume of $800 million. Another cryptocurrency lending ...
Maker cuts off Aave’s Dai supply as fallout from Celsius continues
MakerDAO has voted to cut off lending platform Aave’s ability to generate Dai for its lending pool without collateral as the risks of Celsius’s liquidity crisis loom large over the entire crypto ecosy...
Celsius Surrounded by 4 Separate Jurisdiction Regulators Amid Insolvency
Bitcoin News The Securities and Exchange Commission was also in contact with Celsius. The firm has temporarily suspended Customer withdrawals, swaps, and transfers. State authorities are investigating...
State Regulators Across the US Are Probing Celsius Network (CEL) After Withdrawal Freeze This Week: Report
Regulators in nearly half a dozen US states are looking into what caused popular crypto lending platform Celsius Network (CEL) to halt withdrawals last weekend. According to a new report from Reuters,...
After Celsius, Is This Crypto Lender Facing A Liquidity Crunch?
Crypto lender Celsius’ recent suspension of withdrawals has rattled sentiment towards its peers, with majors such as Nexo and BlockFi now facing potential bank runs. The situation has also been exacer...
State Securities Regulators Launch Investigation into Celsius Network Accounts’ Freeze
Celsius Network faces investigation from regulators across five states over its recent decision to suspend customer account withdrawals. Following its decision to suspend withdrawals, the Celsius Netw...
Regulators in Five States Target Celsius Over Withdrawal Freeze: Report
Securities regulators in five states have set their sights on crypto lending company Celsius Network over its decision to suspend customer withdrawals this week, according to a report by Reuters. Jose...
Fundraising Rounds with DAOLens, Danvas and Kaleicodo, Fed Raises Interest Rates, Celsius Class Action – crypto.news
DAOLens, a platform designed to bridge the contributor gap problem surrounding Decentralized Autonomous Organizations, recently raised $5 million in a pre-seed round. DAOLens Raises $5 Million Earlie...
More Troubles For Struggling Celsius ($CEL), Major Investors Might Not Assist A Comeback
Celsius Network LLC, embattled crypto lending firm, is likely to fight its financial battles alone as multiple reports reaching WSJ suggest the loan company would probably not get any funding from two...
MakerDAO votes to disable Aave DAI deposit to stave off Celsius risks
? Want to work with us? CryptoSlate is hiring for a handful of positions! MakerDAO has announced the removal of the leading lending platform, Aave, as one of those with direct deposit module (D3M) acc...
Celsius hires Citigroup to handle financial difficulties
Celsius has reportedly hired banking giant Citigroup to advise it in an attempt to find possible solutions to its financial problems. Citigroup will act as financial advisor to Celsius This was revea...
Investors Not Looking to Bail Out Struggling Celsius Network (Report)
Amid the challenges plaguing the cryptocurrency lending firm Celsius Network, there are reports that investors may not provide more funds to bail the platform out of the troubled waters. No Investor B...
Tether Denies False Rumors Regarding Its Commercial Paper Holdings, Exposure to Celsius – crypto.news
Tether, a stablecoin provider, has spoken out against “rumors” that it holds commercial paper, a form of short-term corporate debt, while also attempting to distance itself from struggling lender Cels...