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Celsius Network News and Articles

Celsius Network stablecoin holdings

Celsius Files for a Court Approval to Sell Its Stablecoin Holdings


Bankrupt cryptocurrency lender Celsius submitted a filing with the aim to receive a court approval to sell its stablecoin holdings to receive liquidity that will help fund operators. A court filing discloses that Celsius owns 11 forms of stablecoins worth around $23 M. In a case, the judge approves...

Celsius crypto lending

Celsius Aims to Return Custody Clients' Funds


Celsius, a cryptocurrency lender which filed for bankruptcy nearly a month ago, filed a request to return custody holders' funds while implementing a restructure and resuming of its services. The paper says the company has about 58,300 users who made deposits of more than $210 M with custody and...

Celsius Prime Trust

Celsius Claims Prime Trust Should Return the Company Around $17 M


The crypto lender Celsius, which is facing bankruptcy processes currently, is suing Prime Trust over $17 M in cryptos. The trust company provided custody and other services for Celsius. In June 2021, the businesses dissolved their partnership. According to the filing, Prime Trust returned about...

Celsius bitcoin mining

Court Allowed the Bankrupt Celsius to Mine and Sell Bitcoin


Crypto platform Celsius got approval from a U.S bankruptcy judge to mine and sell bitcoins. According to the court document, mining is one of the main operations of Celsius, which Debtor subsidiary Celsius Mining LLC is among the largest crypto mining firms in the US. The release also noted the...

Celsius bankruptcy

Celsius Becomes the Next Crypto Company to Apply for Bankruptcy


Cryptocurrency lender Celsius applied for Chapter 11 bankruptcy. A release by the company says that the filing is voluntary and aims to steady the business through restructuring and generate maximal value for all stakeholders. Moments ago, @CelsiusNetwork filed voluntary petitions for Chapter 11...

Celsius crypto

KeyFi Alleges Celsius to be a Fraud and Ponzi Scheme


DeFi portfolio manager KeyFi accuses Celsius of being a fraud and a Ponzi scheme. Ex investment manager at Celsius, Jason Stone, sued the lending protocol, inflated the price of its native coin CEL, and failed to hedge risk. Currently, Stone is CEO and co-founder at KeyFi. According to the legal...

Celsius Network loan

Celsius Network Paid Off Its Loan to MakerDAO


Crypto lender Celsius, which found itself in a crisis recently, finished paying its loan to Maker DAO and got 21,962 WBTC worth around $440 M in collateral back. As can be seen on DeFi Explore, now the liquidation price is $0. In June, Celsius paused withdrawals, swaps, and transfers between...


The price of Celsius fell by 50% amid the suspension of withdrawals


Crypto lending platform Celsius has suspended withdrawals, exchanges, and transfers between accounts “due to extreme market conditions.” The project token reacted with a fall. “We understand this is unfortunate news, but we believe that our decision to suspend withdrawals, exchanges, and...

Celsius Network investments

Crypto Platform Celsius Attracted $400 M, Values at $3 B


Today cryptocurrency trading platform Celsius announced raising over $400 M in equity funding. The investment was led by the growth-oriented investment firm WestCap. With this, the company's valuation has reached $3 billion. The news comes after Celsius's facing scrutiny. Last month, the New Jersey...

Ether Bitcoin Celsius

Celsius CEO Says Ether is Overperforming BTC


During a recent interview with Kitco News, Celsius Network CEO Alex Mashinsky shared his views on the two largest cryptocurrencies: Bitcoin and Ethereum. Mashinski finds that the possible scenario when Ether gets ahead of BTC has already begun. Talking about Celsius, he noted that the flippening...

Celsius Network investment

Celsius Network crypto lending platform raised $18.8 million


Crypto lending platform Celsius Network announced that on Monday, July 27, it will close the round of financing through the issue of shares with raised investments of more than $18.8 million. Qualified investors, including those from the United States, could take part in the round. The minimum...

Bitwala bank Bitcoin

European Bank Bitwala offers deposits in bitcoins at 4.3%


The German online bank Bitwala has added support for deposits in bitcoins with an annual interest rate of up to 4.3%. Payments to customers are made weekly. The new feature came about through the partnership of Bitwala with the Celsius Network crypto-lending platform. As a result, the company...

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