Celsius, a crypto lending firm, froze their withdrawals on Sunday and now has hired restructuring attorneys from a law firm in order to get assistance about the current financial condition. Citing “ex...
Tag: Celsius
Celsius reportedly seeks advice from lawyers on restructuring
Crypto lending platform Celsius Network (CEL) has onboarded restructuring lawyers from Akin Gump Strauss Hauer & Feld to find potential solutions to the firm’s financial woes. The firm is r...
Tether Denies Accusations About Its Reserves, Celsius and Three Arrows Capital Connections
Gamza Khanzadaev USDT issuer publishes official statement condemning false rumors Today, June 15, the issuer of one of the most in-demand stablecoins (USDT), Tether, released a denial of rumors regard...
Celsius CEO “Loses Voice” Two Days Before Halting All Withdrawals » NullTX
The crypto-lending firm Celsius, which offers high-yield returns on user deposits, appears to be the latest to falter in the face of tightening financial conditions. It also came barely one month afte...
Celsius Hires Restructuring Lawyers To Help Navigate Through Its Financial Woes ⋆ ZyCrypto
Advertisement     Cash-strapped crypto lender Celsius Network has reportedly hired restructuring attorneys from US-based law firm Akin Gump Strauss Hauer & Feld LL...
Celsius Down By Over 85% This Year Following Bitcoin’s Crash ⋆ ZyCrypto
Advertisement     According to Protos, crypto lending platform Celsius has just 12% left of the Assets under Management (AuM) it declared in 2021. Celsius CEO had stat...
Withdrawals And Transfers Have Been Halted By Cryptocurrency Lender Celsius Due To Extreme Market Conditions
Celsius, whose investors include stablecoin issuer Tether International, growth equity firm WestCap Group, and Canadian pension fund Caisse de Dépôt et Placement du Québec, writes, We are making this ...
Famous Youtuber And Trader Ben Armstrong Bringing A Class Action Lawsuit Against Celsius And Its CEO
– Advertisement – Ben Armstrong, a famous crypto trader with a Youtube following of 1.45M and a Twitter following of 851K, is going to file a case against Celsius. Over the last few days, ...
Celsius may be market’s Achilles heel, but why then did CEL rally by 100%
As the cryptocurrency ecosystem gradually recovers from the impact of the collapse of Do Kwon’s LUNA and his UST stablecoin, the suspension of withdrawals, swaps, and transfers between accounts on Cel...
After Celsius’ Troubles, SEC Boss Gary Gensler Issues Warning on Dangers of Unregulated Crypto Industry
The head of the U.S. Securities and Exchange Commission (SEC) is issuing a warning to traders on the unregulated nature of the crypto industry after crypto lending platform Celsius (CEL) halted withdr...
Celsius hires restructuring lawyers to help ease its financial woes
? Want to work with us? CryptoSlate is hiring for a handful of positions! Crypto lending platform Celsius has hired a legal team to advise on restructuring its business after facing liquidity issues, ...
Celsius crypto token price spikes before falling again
CEL, the native token of crypto lending platform Celsius, was trading up 100% on Tuesday at one point. At the time of writing CEL was trading at $0.56, up from $0.27 a day previous representing an inc...
Celsius (CEL) price gains 600%+, but analysts cite exchange error and a massive short squeeze
On June 14, discussions of Celsius continued to populate media headlines and June 14’s news involved the platform’s CEL token accruing massive gains after what appears to have been either ...
What is Celsius? – Look Inside
3 hours ago | 2 mins read Editors News Withdrawals from the Celsius Network had been halted. CEL holders get better rates. Celsius will creates a supply and demand cycle for CEL. Celsius calls itself ...
Celsius Market Cap Sank $290 Million in May, Even Before Withdrawal Freezes
Celsius (CEL) was one of the hardest-hit cryptocurrencies in May’s market crash and continues to decline in June after a huge sell-off by whales. Celsius has come under scrutiny by market commentators...
Tether Calms Fears Over Reserve Backing, Exposure to 3AC, Celsius
Key Takeaways Tether has denied the rumors that 85% of its commercial paper portfolio is backed by bad Chinese real estate debt. The firm stated that U.S. Treasuries made up 47% of its reserves and th...
Would 3AC be the latest domino to fall after UST and Celsius
Online chatter has recently increased multi-fold around Three Arrows Capital post speculations related to insolvency. There are swirling rumors that the company will be the latest to crash in a domino...
Alert: Celsius Pauses Withdrawals & Transfers, Is The Trust Between Platforms & Traders Being Challenged?
Due to extreme market conditions, Celcius, a crypto staking and lending platform, has halted all swaps, transfers, and withdrawals. Celsius, a cryptocurrency lending firm, allows users to stake crypto...
Celsius Network Hires Restructuring Lawyers After Account Freeze: Report
Celsius Network has hired restructuring lawyers for consultation regarding their current financial challenges. Note that four days ago, the crypto lending colossus announced that it had paused all wit...
Tether keeps its distance from Celsius accusations in new reports
According to Tether, the ongoing issue with Celsius’ native cryptocurrency has nothing to do with the stablecoin operator Tether and won’t have an effect on its USDT holdings. On Monday, T...
How the Celsius Liquidity Crunch Is Linked to Lido’s Staked Ethereum
It’s only been a month since the collapse of Terra, and the chaos that it created in the crypto market, and now Lido Finance and its Staked Ethereum (stETH) are at the center of another potential liqu...
Celsius Market Cap Sank $290 Million in May, Even Before Withdrawl Freezes
Celsius (CEL) was one of the hardest-hit cryptocurrencies in May’s market crash and continues to decline in June after a huge sell-off by whales. Celsius has come under scrutiny by market commentators...
What Is Celsius and Why Is It Crashing?
Amid a wider crypto market crash, crypto lending platform Celsius announced on June 12 that it was suspending all withdrawals on its lending platform, citing “extreme market conditions” and a need to ...
Celsius turmoil is part of a broader macro picture, traders say
The turmoil surrounding crypto lender Celsius has generated headlines and controversy over the past day — but that even isn’t top of mind for the market’s biggest traders, executives at se...
Celsius Seeks Help From Restructuring Lawyers Over Financial Hardship – Bitcoin News
Following the rumors and speculation surrounding the crypto lending firm Celsius, a Wall Street Journal report, quoting “people familiar with the matter,” explains that the company is reportedly hirin...
Crypto Layoffs Continue as Celsius Rival BlockFi Cuts Staff by 20%
Crypto lending firm BlockFi today announced that it was cutting staff—making it the latest company in the digital asset space to give employees the chop amid a brutal bear market. The firm said in a ...
The World Crypto Economic Forum by Celsius Gathered Together Crypto Industry Leaders » NullTX
The World Crypto Economic Forum by Celsius (WCEF) took place online on June 2 and 3rd and brought together entrepreneurs, venture capital investors, and blockchain industry leaders. The forum has beco...
Nexo Proposes Buyout of Celsius Assets as Crypto Lending Rival Halts Withdrawals
Digital asset manager Nexo responded to the news of its rival Celsius pausing withdrawals by tabling a proposal for a buyout of certain of the firm’s liquid assets. Pointing to “what appears to be the...
Celsius CEL price spikes 500% in 30 min – retraces to 115% up on day
? Want to work with us? CryptoSlate is hiring for a handful of positions! The native token of the Celsius (CEL) exchange just jumped over 500% from $0.33 to $2.56 in a matter of minutes. The token, wh...
German fintech Nuri’s bitcoin interest product affected by Celsius withdrawal freeze
Crypto lending platform Celsius’s withdrawal freeze has affected a bitcoin interest product offered by German fintech firm Nuri, according to a Monday announcement. Nuri, formerly known as Bitwa...