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Celsius has been positioned as one of the leading yield-generating CeFi platforms on the market, battling neck-and-neck with other dedicated CeFi platforms such as BlockFi and Nexo. Their positioning is seemingly weakened this week, certainly with retail investors, as the platform sent out an announcement to all users and released
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Crypto lending firm Celsius Network has announced it will be launching a custody solution for users based in the United States in response to discussions with local regulators.In a Monday announcement, Celsius said its Earn product, which allows users to earn interest on crypto, would be unavailable to U.S. residents
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“As we previously have acknowledged, Celsius has been working closely with regulators around the world. It is our intention to be as transparent with our community as possible,” the company said in a blog post Tuesday. “More specifically, we have been in ongoing discussions with United States regulators regarding our
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The bitcoin mining operation Mawson Infrastructure Group (MIGI) has started to make hosting deals with key players in the mining industry. On March 1, Securities and Exchange Commission (SEC) documents show that Mawson signed a 100-megawatt (MW) co-location agreement with Celsius Mining. Three days later, Mawson announced a 12-megawatt (MW)
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Celsius, a crypto lending platform best known for paying out yield considerably higher than bank savings accounts on stablecoin deposits, announced Thursday that it is committing $30 million of wrapped ether (wETH) to Maple Finance’s liquidity pools. Source
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Digital asset lending platform Celsius has become the first pool delegate from the centralized finance market to deploy a crypto-centric lending service on Maple Finance, utilizing the latter’s smart contract and blockchain infrastructure to facilitate a $30 million pool to institutional investors.Celsius succeeds existing pool delegates BlockTower, Orthogonal Trading, Maven
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Cryptocurrency lending platform Celsius has appointed former RBC, Bank of America and Citigroup executive Rod Bolger as its chief financial officer (CFO). Source
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Cohen-Pavon, a former attorney who joined London-based Celsius in September 2020, set up NNY Capital Ltd. on May 5, 2021 with Oved, who later transferred his shares to his wife, Liat Kurtz-Oved, the owner of an Israeli call center that ran the binary options website PlusOption.com, the online newspaper reported. Source
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BusinessArgo will pay $6.3 million to cover its outstanding bill, and Celsius will give an unspecified amount of bitcoin to the miner.By Sheldon RebackDec 8, 2021 at 10:26 a.m. UTCUpdated Dec 8, 2021 at 10:26 a.m. UTCCrypto mining machines. (Mark Agnor/Shutterstock) Source
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Crypto lender Celsius Network confirmed the company has lost money from the latest decentralized finance (DeFi) hack on BadgerDAO, a lending platform that offers yields and focuses on wrapped bitcoin.During an ask-me-anything (AMA) YouTube live stream on Friday, Celsius CEO Alex Mashinsky said the company “lost money” in the BadgerDAO
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