If the situation with Celsius worsens any further and the company has to file for bankruptcy, Goldman wants to be ready to buy up crypto assets at a discount. As such, the Wall Street behemoth aims to raise $2 billion, reports say. CryptoPotato reported the drama that unfolded with Celsius earlier this month when the...Read More
A week after halting withdrawals, among all other services, the team behind Celsius has suspended some of its online engagement programs, including AMAs. At the same time, the project promised to be working with regulators to find a solution for the ongoing issues. The latest update shared by Celsius reads that the team’s objective has...Read More
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 Bail Out for Celsius According to the Wall Street Journal on Thursday (June 16, 2022), anonymous sources revealed that Caisse de dépôt et placement...Read More
The native token for crypto lending platform Celsius has abruptly skyrocketed following bullish news regarding its efforts to address liquidity issues. On-chain data shows that the company has received substantial DAI stablecoin contributions, which its already used to pay back its loans. According to Etherscan, Celsius received multiple DAI transactions worth over $28 million in...Read More
The controversial events surrounding Celsius Network continue to unfold as the team unstaked hundreds of millions of dollars in crypto from Aave and transferred them to FTX. So far, the project has not provided a reason why, but social media speculations are running rampant. The transactions began during the weekend, with the first batch seeing...Read More
Earlier today, Celsius Network halted all withdrawals, swaps, and transfers between accounts of its users, citing extreme market conditions. Now, rival crypto-lending company Nexo extends a letter of intent to buy all qualifying assets of the company. As CryptoPotato reported earlier today, one of the leading cryptocurrency lenders – Celsius Network – is facing major difficulties. Citing...Read More
