When I saw Nexo tweeting their takeover offer of rival Celsius amid the latter’s crisis yesterday, I immediately smiled. Because without knowing anything beyond the superficial detail, it’s really cun...
Tag: Celsius
Celsius Tanks 70% in 1 Hour After Company Pauses Withdrawals to ‘Stabilize Liquidity’
On Sunday night, with crypto markets already in freefall, controversial crypto lender Celsius announced it was suddenly pausing all customer withdrawals, swaps, and transfers. “We are taking thi...
Celsius Withdrawals Paused : Cites Extreme Market Conditions
Crypto lending platform Celsius Network announced early Monday through their blog that withdrawals would be paused on their platform due to “extreme market conditions.” According to the blog post, the...
Celsius Token Spikes—Then Crashes—Amid Firm’s Woes
Key Takeaways Celsius’ CEL token soared over 300% today before crashing minutes later. The move may have been prompted by recent activity on a MakerDAO vault rumored to belong to Celsius. The developm...
Did Nexo know already about Celsius’ trouble before its freezing withdrawal?
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Celsius races to add more collateral to Maker as threat of liquidation looms
? Want to work with us? CryptoSlate is hiring for a handful of positions! Crypto lending firm Celsius has been racing to top up its collateral on Maker to raise its assets’ liquidation price. The comp...
Tether Denies Correlation Between Its Celsius Investment & USDT Reserves Amid On-Going Celsius Crisis
Tether announced Monday that it has no involvement with the ongoing crisis of Celsius’ native token and affirmed that it would not impact its USDT reserves. Celsius, a major cryptocurrency lending pl...
Aftermath of the Celsius Network Collapse, What is the Impact on Crypto Space
The crypto space now has fallen prey to a couple of flaws or one can say a technical failure that has dragged the global crypto market capitalization below $1 trillion. Bitcoin prices have reduced to ...
Celsius crypto price rebounds | Invezz
Celsius crypto price has seen a major rebound today following a sharp decline yesterday after Celsius Network paused withdrawals, transfers, and swaps. Following today’s rally, Celsius (CEL) has compl...
Celsius rivals move to distance themselves from its staked ether woes
Rival crypto lenders moved quickly to distance themselves from staked ether (stETH) on Monday after Celsius Network paused all client withdrawals to stabilize its liquidity position. Staked ether is ...
Celsius liquidity crisis fuels fears of crypto market contagion
Cryptocurrencies have taken a tumble in 2022. Chesnot | Getty Images A liquidity crisis at cryptocurrency lending firm Celsius has investors worried about a broader contagion that could bring down oth...
What’s Going on With Celsius Network and Why Is It a Huge Risk for Crypto (Opinion)
Celsius Network has been at the tip of everyone’s tongue over the past week, and not without a reason. The platform is at the forefront of the ongoing cryptocurrency storm and market downturn. A coupl...
Celsius Network Struggles To Stay Afloat With Mounting DAI Debt As Bitcoin Price Drop Threatens Heavy Liquidation
– Advertisement – Bitcoin’s price decrease is pressuring the Celsius Network into taking on more DAI debt as it battles to tablelike its ecosystem. Bitcoin’s downward price action is thr...
Why did Crypto lending platform NEXO propose to buyout rival platform Celsius?
Amidst the crypto market going through huge crashes and seeking steep decline, crypto lending protocol Celsius freezed it’s operations This came as quite a surprise when a prominent crypto...
Celsius adds more collateral amid market sell-off to protect their Bitcoin from liquidation
As the price of Bitcoin (BTC) continues to plunge, in line with the bearish trend of the entire cryptocurrency market, the crypto lending firm Celsius Network has been making last-ditch efforts to pro...
Here’s Why A Celsius Liquidation Spells Doom For Bitcoin
Beleaguered crypto lender Celsius was seen adding more Bitcoin on DeFi platform MakerDAO to lower the price at which its position will be liquidated. The lender, which recently suspended withdrawals d...
Crypto top lender Celsius pauses withdrawals
Celsius, a popular cryptocurrency lending platform, announced on Monday that it was suspending all withdrawals, adding to the market’s already-stressed state. Cryptopolitan recently covered a post the...
What Analysts Are Saying After Crypto Lender Celsius Paused Withdrawals; BTC Drops Below $23K
Bitcoin was recently trading at about $22,500, down more than 16% over the past day. As for major altcoins, the question wasn’t whether they were in the red but by how much. Ether, the second la...
Dogecoin Founder Blasts Celsius Network Says First Terra And Now Celsius Causing Collapse of Crypto Market
– Advertisement – The co-founder of Dogecoin is not mincing words as he calls both Terra and Celsius “stupid ass shit.” Billy Marcus, the co-creator of Dogecoin (DOGE), has poured out his ...
Celsius Network Under Liquidation Risk Following BTC Price Plunge – crypto.news
The Celsius network is at serious risk of liquidation if BTC prices plunged below the $22.5k mark. The risk is not completely averted since BTC prices are still in severe bears, which began yesterday....
Nexo Extends Offer to Purchase Celsius Collateralized Loan
Only time will tell whether this offer to help will be accepted as it expires on the 20th of June. Cryptocurrency lender Nexo AG has extended an offer to lend a hand of help to Celcius, one of its top...
Is Celsius Making A Last-Ditch Bitcoin Trade To Recover Value?
The Celsius Network has been dealing with a lot of trouble which has directly caused a panic in the cryptocurrency market. Meanwhile, the network has taken more risks in order to protect its position....
Celsius Rival Nexo Offers Acquisition Bid With an Expiry Date Amid Withdrawal Halt
2 hours ago | 2 mins read Defi News In effect, it has drafted an offer to Celsius in the form of an intent letter. Celsius said today that it stopped withdrawals, swaps, and transfers. The Celsius eve...
Celsius Halts Withdrawals, Swap, and Transfers ‘due to Extreme Market Conditions’
Celsius promises to restore withdrawals, staking, transfers to other accounts, and stabilize liquidity as soon as possible. Crypto lending service and staking service Celsius has suspended withdrawals...
Tether ($USDT) Assures Investors Amid Celsius ($CEL) Crisis
Tether has issued a statement to quell investor’s fears, as one of its many investments, Celsius, a crypto lending platform faces challenges attributed to severe market volatility, and its native toke...
Lack Of Liquidity Forces Celsius To Block Crypto Withdrawals
Celsius’s decision to stop all crypto withdrawals has sent the already volatile market into a freefall, as BTC, ETH, and other leading cryptos crashed on Monday. Suspending Withdrawals To Maintain Li...
Celsius has borrowed $278 million on Maker?
Today someone opened a 17,919 WBTC position on Maker to borrow 278 million DAI. ? Celsius Network has 17,919 $WBTC leveraged in Maker protocol. This position faces liquidation at $22,584/$BTC. $278 m...
Here’s What The Crypto ‘Bloodbath’ Means For The Stock Market (It’s Not Good)
Topline The cryptocurrency market fell victim to a massive selloff on Monday as several large exchanges either halted sales or announced layoffs, and with Bitcoin plunging to its lowest price in 18 mo...
Crypto crash caused by Celsius Network: what it all means, a Deep Dive
Oh, dear. It feels like only yesterday I was writing a deep dive on the Luna/UST death spiral which sent the cryptocurrency markets into meltdown – Bitcoin tumbling from $40,000 to $30,000 and an enti...
Nexo makes unsolicited offer to acquire Celsius’ assets after it halts withdrawals
? Want to work with us? CryptoSlate is hiring for a handful of positions! Leading crypto lending platform Nexo made an unsolicited offer to acquire “any remaining qualifying” assets of rival Celsius N...
Nexo is Ready to Buy Crypto Assets from Celsius Network – crypto.news
Financial services provider Nexo capital has announced it has the capacity to buy crypto assets from its troubled rival Celsius. The former stated it ‘is in a solid position to acquire any remaining q...
CEL Token Collapses 99% From Highs As Celsius Network Halts All Withdrawals
A crypto lending platform’s native token is the latest casualty after a challenging month in the digital asset space that saw tens of billions of dollars disappear from an already hurting market. In a...