Cryptocurrency Analysis and News Portal
On June 14, discussions of Celsius continued to populate media headlines and June 14's news involved the platform's CEL token accruing massive gains after what appears to either be an exchange glitch or a short-squeeze. CEL price spiked from $0.18 to $1.55 in one abrupt candle before sinking back to
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“As with other digital assets, CEL is susceptible to a wide variety of risks” including coin thieves, lost keys, irreversible transactions and failing chains, the clause has read (with minor verbiage shifts) since October 2021. The April 2022 update places “regulatory risks” up there, too. Source
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The CEO of cryptocurrency lender Celsius believes CEL won’t meet XRP’s fate. In a Dec. 31 interview, Alex Mashinsky attributed a recent spike in CEL’s price to the token being registered with the U.S. Securities and Exchange Commission (SEC). Mashinsky said this would protect CEL – the native token of the Celsius
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The founder of the crypto payments network Celsius has gifted his wife a large portion of the token supply, reducing his own enormous stake in the process.Celsius CEO Alex Mashinsky gifted wife Krissy 15 million CEL tokens as a birthday present, worth an estimated $20 million at today’s prices.I gave
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