Celsius Network News

02.08 / 12:01

regulation scam NY Attorney General’s Office Asks Crypto Whistleblowers to Provide It with Tip-offs

In the US, New York’s Attorney General says she wants Big Apple-based crypto industry workers and investors to come forward with complaints about unscrupulous crypto firms.

25.07 / 11:53

Investing Legal Customers Anger, Worry, and Doubt – Celsius Customers ‘Pray’ for the Return of Their Crypto

The Celsius Network (CEL)’s fall from grace has been nothing short of spectacular – and the crypto lender has been amongst the highest-profile casualties of one of the most brutal crypto winters to date.

19.07 / 13:19

cryptocurrency crypto news Crypto Lender Celsius Defends Bitcoin Mining Plans Despite Bankruptcy Filing

Crypto lender Celsius defends bitcoin mining plans as bankruptcy kicks off

19.07 / 11:15

Ethereum Investment Bitcoin creditors Crypto Turmoil Latest: 3AC Creditor List Unveiled and Celsius Asks Creditors to ‘Go Long’ on Crypto

With coin prices still very tentatively recovering and some even forecasting the end of crypto winter, optimists will hope that the darkest days of the crypto crunch are behind us – but things are still hot in the world of the bankrupt duo Celsius (CEL), a crypto lender, and Three Arrows Capital (3AC), a major crypto hedge fund.

18.07 / 05:17

Celsius network Crypto lender Celsius Network reveals $1.19 bln hole in bankruptcy filing

Celsius Network listed a $1.19 billion deficit on its balance sheet in a bankruptcy court filing on Thursday, a day after the cryptocurrency lender filed for Chapter 11. New Jersey-based Celsius froze withdrawals last month, citing «extreme» market conditions, cutting off access to savings for individual investors and sending tremors through the crypto market. In the filing at the U.S. Bankruptcy Court for Southern District of New York on Thursday, Celsius also said it had $40 million in claims against Singapore-based Three Arrows Capital, a crypto hedge fund that filed for bankruptcy earlier this month.

15.07 / 12:37

wallet Exchange Custody Trezor Has Seen ‘Significantly’ Higher Interest in Self-Custody Amid Ongoing Crypto Turmoil

Major hardware wallet maker Trezor said they have noticed higher interest in their devices following a string of crypto company meltdowns and centralized exchanges suspending withdrawals.

15.07 / 11:21

cryptocurrency Digital Southern Crypto Lender Celsius Reveals $1.19 Billion Hole In Bankruptcy Filing

New Jersey-based Celsius froze withdrawals last month.

15.07 / 11:05

MARKET Altcoins lending CEL CEL Jumps While Celsius’ Bankruptcy Protection Filing Reveals a Billion-Dollar Hole in Balance Sheet

More troubling news is coming out regarding Celsius (CEL), as its so-called Chapter 11 bankruptcy protection filing on July 14 has revealed a deficit of close to USD 1.2bn for the crypto lender.

14.07 / 10:17

cryptocurrency Southern network Crypto Lender Celsius Network Files For Bankruptcy

Celsius froze withdrawals and transfers last month.

14.07 / 07:17

Altcoins lending CEL saga CEL Crashes as Celsius Enters New Chapter of Its Saga and It's Restructuring

After reportedly returning all of its debt to DeFi lending protocols, troubled crypto lender Celsius (CEL) said it has initiated voluntary Chapter 11 proceedings in the US in an attempt to stabilize its business. CEL dropped following the announcement.

13.07 / 11:19

Provident Celsius Still in Hotspot Despite Repayments and Is ‘Likely Deeply Insolvent,’ Regulator Claims

Crypto turmoil (yes, you guessed it) continues – and one of its key protagonists, the troubled crypto lender Celsius (CEL) remains…well...troubled.

12.07 / 11:53

lending Aave Compound Celsius Debt Now Down to Around USD 120M After Aave, Compound Repayments

Troubled crypto lender Celsius(CEL) appears to have no intention of being frozen out of the crypto world – and is continuing to take action to avoid possible insolvency as it has been hurriedly repaying the debts it owes.

12.07 / 09:57

G20 European Union crypto rules G20 watchdog to propose first global crypto rules in October

Financial Stability Board (FSB) said on Monday it would propose «robust» global rules for cryptocurrencies in October, following recent turmoil in markets that has highlighted the need to regulate the «speculative» sector. The FSB, a body of regulators, treasury officials and central bankers from the Group of 20 economies (G20), has so far limited itself to monitoring the crypto sector, saying it did not pose a systemic risk. But recent turmoil in crypto markets has highlighted their volatility, structural vulnerabilities and increasing links to the wider financial system, the FSB said.

11.07 / 11:09

Exchange Legal M&A HK Courts Today in Crypto Turmoil: Sun Readies USD 5B Spend, Celsius’ Dealings ‘Exposed,’ CoinFlex Heads to HK Courts

The Tron (TRX) founder Justin Sun says he is ready to spend big on acquisitions as another week of crypto turmoil begins – and there are also developments from Celsius (CEL) (as usual!), while the exchange CoinFlex could be gearing up to flex its legal muscles on Roger Ver.

08.07 / 11:17

Legal FTX Three Arrows Capital Today in Crypto Turmoil: Woes Deepen, Legal and Repayment Developments from Celsius, 3AC, Voyager Digital, and More

The market may be on the up as the week draws to a close, but crypto turmoil shows no signs of abating. There are more goings-on at Three Arrows Capital (3AC), Celsius (CEL) is in the spotlight again – and the Voyager journey continues.

07.07 / 11:57

Career Exchange FTX Investment Crypto Turmoil Latest: Celsius in Board Change, Genesis Clear of 3AC Trouble & FTX’s ‘Billions’

Crypto turmoil continues to deepen, with further maneuvers at Celsius (CEL) and a company recounting details of how it dodged the Three Arrows Captial (3AC) fallout – while the crypto exchange giant FTX appears set to bail out yet more ailing crypto players with a “few billion” dollars worth of reserve funds.

05.07 / 11:31

Exchange Maker Crypto Chaos Continues as Loans Firm Cuts Withdrawal Limit, 3AC Moves Funds, & Celsius Apparently Pays Maker

Crypto turmoil continues to deepen in the bear market, with more Celsius-related developments, another crypto loans firm introducing restrictions, and more activity from Three Arrows Capital (3AC) – which appears to have moved some of its funds.

04.07 / 15:13

defi security Decentralization DeFi Suffers from Too Much Centralization, What Can Be Done?

"If any part of their business model incorporates centralization <...> then it is centralized no matter what other decentralized features it deploys."

04.07 / 14:21

MARKET Career CEL Fresh Blow for Celsius with 150 Staff Reportedly Fired, But CEL Up 19%

Another crypto lender has apparently hit the rocks, with reports claiming that the already troubled Celsius Network (CEL) has axed 150 employees.

29.06 / 14:45

Ethereum Altcoins lending Celsius’ Positions are Now Healthier, Three Arrows Capital Was a 'Victim of Contagion' - Nansen

Troubled crypto lender Celsius(CEL) has managed to improve the health ratio of its on-chain positions since pausing withdrawals, according to blockchain analytics platform Nansen. Meanwhile, they said, the crypto hedge fund Three Arrows Capital (3AC) was the victim of the contagion.

27.06 / 15:21

MARKET BlockFi Terra Bitcoin Unsustainable Mike Novogratz Now Admits That Terra's Model Was Unsustainable

Galaxy Digital CEO Mike Novogratz has said that although he was “worried about the macro environment,” he was hoping bitcoin (BTC) “would stay in the USD 30,000 to USD 50,000 range.” At the same time, he argued that the model his once-favorite crypto Terra (LUNA) was built on was unsustainable.

facts about Celsius Network

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