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The Latest Breaking News from Celsius

The 30-Year-Old Spending $1 Billion to Save Crypto

Crypto is ailing. Sam Bankman-Fried is betting a billion dollars he can fix it.

Bangkok Post

Benzinga Before The Bell: Top Amazon Seller Succumbs To Economic Meltdown, Twitter To Tackle Toxic Content, Spam Bots, Bed Bath & Beyond Secures Loan Deal As It Tries To Stay Afloat And Other Top Financial Stories Wednesday, August 24

CNBC Top Amazon Seller Succumbs To Economic Meltdown

Benzinga

Another Singapore crypto firm in trouble

SINGAPORE: The beleaguered cryptocurrency lender Hodlnaut says it is the subject of “pending proceedings” involving Singapore police and that it has slashed its workforce.

Bangkok Post

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Benzinga Before The Bell: More Amazon Workers Join Union Over Pay and Work Conditions, UK Inflation Highest In 40 Years, Sole Monkeypox Vaccine Maker Finds It Difficult To Meet Accelerating Demand And Other Top Financial Stories Wednesday, August 17

CNBC BlackRock To Pledge A$1B In Australian Battery Storage Assets – Report

Benzinga

Celsius is an even bigger dumpster fire than we thought

CEO Alex Mashinsky took over the embattled crypto exchange's trading strategy in January, and proceeded to make some questionable decisions at its helm.

Input

Celsius Expected To Reach Negative Liquidity By October

Beleaguered crypto lending platform Celsius (CRYPTO: CEL) is projected to reach negative liquidity of around $34 million by October this year, according to the company’s latest Chapter 11 documents.

Benzinga

'Bachelorette' contestant's firefighter dad has retirement locked up in bankrupt crypto lender

Chapman Shallcross had been burned before. Shallcross, father of current "Bachelorette" contestant Zach Shallcross, spent 34 years in the fire service, retiring from his job as a fire captain for the city of Orange after health issues caught up to him in 2020. The elder Shallcross considers himself a hands-on,…

Los Angeles Times

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Crypto during a recession: Here’s what to expect

Bitcoin, the largest cryptocurrency in the world, was created in 2009 during the depths of the great financial crisis. It took a while to gain traction, but it, along with other cryptocurrencies, has since exploded into a major market worth around $1 trillion.

Tribune News Service

Crypto platforms say they're exchanges, but they're more like banks

There is a well-known saying shared by both crypto experts and skeptics: “Not your keys, not your coins.” The phrase, popularized by Bitcoin entrepreneur Andreas Antonopoulos, refers to how the contents of a crypto wallet are the property of whoever has access to that wallet’s digital “keys.”

The Conversation

Crypto exchange announces fund freeze with teary anime GIF

The GIF in question depicts Anya Forger, one of the primary characters in Spy x Family.

Input

Pepsi Cozied Up To Celsius: What's Next For Coca-Cola/Monster? Access To Alcohol Via The Backdoor?

Activity in the energy drink market could pick up after a recent investment and distribution deal between PepsiCo Inc (NYSE: PEP) and Celsius Holdings Inc (NASDAQ: CELH).

Benzinga

Benzinga Before The Bell: Elon Musk Confirms Tesla AI Day Part 2, Dogecoin Scam, BioNTech Q2 Earnings Shocker And Other Top Financial Stories Monday, August 8

CNBC Celsius Withdraws Motion To Rehire CFO

Benzinga

Celsius Seeks To Rehire CFO At $93,000 A Month, Customers — Not Surprisingly — Object

Bankrupt crypto lending platform Celsius has sought a judge's permission to reinstate the company’s former CFO Rod Bolger and pay him $93,000 each month over a minimum of six weeks.

Benzinga

Australian investors left with nothing as cryptocurrency giant Celsius goes bankrupt

Australians describe their utter despair in letters to a New York bankruptcy court after cryptocurrency lender Celsius Network froze their withdrawals.

ABC News

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Benzinga

Benzinga Before The Bell: Robinhood's Cryptocurrency Growth, Moderna's Q2 Earnings, PayPal's New CFO And Other Top Financial Stories Wednesday, August 3

CNBC Celsius Is Looking To Rehire Its CFO Rod Bolger

Bangkok Post

Zipmex allowing some altcoin withdrawals

Asia crypto exchange Zipmex Pte plans to allow users to withdraw some tokens from their trading accounts.

Benzinga

PepsiCo Isn't The Only One Bullish On Celsius: This Analyst Explains Why It's A Good Bet

Celsius Holdings, Inc. (NASDAQ: CELH) jumped nearly 12% higher on Monday after the announcement of it entering a long-term distribution partnership with soft-drink behemoth PepsiCo, Inc. (NASDAQ: PEP), a move that analys

Bangkok Post

Crypto clients beg for their cash back after lender's crash

WASHINGTON: An Irishman at risk of losing his farm. An American having suicidal thoughts. An 84-year-old widow's lost life savings: People caught in the meltdown of crypto lender Celsius are pleading for their money back.

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Asharq Al-Awsat

Crypto Clients Beg for their Cash Back after Lender's Crash

An Irishman at risk of losing his farm. An American having suicidal thoughts. An 84-year-old widow's lost life savings: People caught in the meltdown of crypto lender Celsius are pleading for their money back. Hundreds of letters have poured in to the judge overseeing the firm's multi-billion-dollar bankruptcy and they…

Bangkok Post

SEC demands Zipmex clarify bankruptcy filing

The Securities and Exchange Commission (SEC) is demanding answers from executives of Zipmex after the cryptocurrency exchange refused to explain its filing for debt relief in Singapore.

Input

Celsius says user data compromised in email leak

Users of the crypto exchange should be on the lookout for potential scam messages.

Benzinga

Benzinga Before The Bell: Apple's Strong China Revenue, Amazon's EV Partnership, Jack Ma To Cede Control Of Ant Financial And Other Top Financial Stories Friday, July 29

Reuters Tencent’s Overseas Ambitions Face Resistance From India

Bangkok Post

Zipmex files for bankruptcy protection in Singapore

SINGAPORE: The cryptocurrency exchange Zipmex said on Friday that it has filed for bankruptcy protection in Singapore, becoming the latest victim of the global downturn in digital currencies.

Financial Times

Tether’s recovery of an $840mn loan scrutinised in Celsius bankruptcy

Case is a major test of how US insolvency rules will apply in the digital asset sector

Bangkok Post

Explainer: The lowdown on the Zipmex situation

Analysts have commented on the implications on investor confidence and markets following Thailand's major digital asset exchange platform Zipmex's announcement of a memorandum of understanding (MoU) with interested parties.

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