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Celsius
Crypto firms facing insolvency ‘forgot the basics of risk management’ — Coinbase
“The issues here were foreseeable and actually credit specific, not crypto specific in nature,” said three department heads at Coinbase. 355 Total views 16 Total shares Department heads at Coinbase have weighed in on the market…
Ethereum risks another 60% drop after breaking below $1K to 18-month lows
The price of Ethereum's native token, Ether (ETH), careened below $1,000 on June 18 as the ongoing sell-off in the crypto market continued despite the weekend.Ether reached $975, its lowest level since January 2021, losing 80% of its value…
Market selling might ease, but traders are on the sidelines until BTC confirms $20K as support
The total crypto market capitalization fell off a cliff between June 10 and 13 as it broke below $1 trillion for the first time since January 2021. Bitcoin (BTC) fell by 28% within a week and Ether (ETH) faced an agonizing 34.5%…
Mark Cuban says crypto crash highlights Warren Buffett’s wisdom
The billionaire crypto investor admits there are still hard times ahead for most financial markets, but says that as long as the crypto space produces new tech, it will be fine. 2528 Total views 11 Total shares Billionaire crypto…
Maker cuts off Aave’s DAI supply as fallout from Celsius continues
The MakerDAO decided to cut off Aave from its direct deposit module as a safeguard in light of the possibility that Celsius folds and crashes the price of stETH. 438 Total views 4 Total shares MakerDAO has voted to cut off lending…
State securities regulators investigate Celsius over withdrawal suspension: Report
Reports from different media outlets in the last week also suggested the Celsius Network has lost major backers and onboarded new attorneys amid a volatile crypto market.
BitBoy founder threatens class action lawsuit against Celsius
Just two weeks after appearing in an ask me anything (AMA) with Celsius founder Alex Mashinsky, crypto Youtuber Ben Armstrong has announced he intends to file a class action lawsuit against the lending platform and its chief executive.…
Total supply of stablecoins dropped sharply for first time ever in Q2
A separate graph also saw USDC and BUSD supply drop sharply in May, however both have since rebounded and are close to being back to their respective all-time high levels. The total supply of stablecoins saw its sharpest drop in history…
Celsius reportedly seeks advice from lawyers on restructuring
Celsius reportedly onboarded attorneys to find different solutions to the current financial challenges that the company is facing. 737 Total views 48 Total shares Crypto lending platform Celsius Network (CEL) has onboarded…
BTC price crashes to $20.8K as ‘deadly’ candles liquidate $1.2 billion
Bitcoin (BTC) came within $1,000 of its previous cycle all-time highs on June 14 as liquidations mounted across crypto markets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin price hits 18-month lowsData from…
