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The Latest Breaking News from Celsius

Why cryptocurrencies have gone from the next hot thing to a full-on meltdown

Bitcoin and other cryptocurrencies are plunging. Here's what to know about a market that just a few months ago was being touted as the future of finance.

WEKU

Celsius Employees May Have Committed Fraud: Crypto Analyst

Crypto lending and interest-bearing account service Celsius Network (CRYPTO: CEL) halted withdrawals as blockchain analysis suggested

Benzinga

Coinbase to Lay Off 18% of Staff Amid Crypto Meltdown

Further waves of reckoning swept through the cryptocurrency industry on Tuesday, with exchange company Coinbase Global Inc. saying it would cut almost a fifth of its staff and crypto lender Celsius Network LLC hiring a law firm to examine restructuring options.

Bangkok Post

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What Does Ethereum 2.0 Have To Do With The Celsius, 3AC, And Other Insolvencies?

As the Ethereum (CRYPTO: ETH) merge approaches later this year, Lido Staked ETH (CRYPTO: stETH) has suffered severely due to insolvencies across firms, such as Celsius and 3AC.

Benzinga

Bitcoin Plummets But Is There More Downside Ahead?

Despite the Nasdaq bouncing 0.21% yesterday and both the S&P 500 and Nasdaq futures showing gains this morning, Bitcoin (CRYPTO: BTC) continues to plummet. What are the factors contributing to this extreme sell off?

Benzinga

Cryptocurrency ‘bloodbath’ threatens multibillion-dollar hedge fund

Three Arrows Capital founder takes to Twitter to assuage fears after 25% drop in price of bitcoin in a single day

The Guardian - UK

Celsius Halts Withdrawals, But The Worst May Be Yet To Come: What Investors Need to Know

This Sunday, crypto financial services giant Celsius (CRYPTO: CEL) saw its dedicated token flash crash after market pressure forced the company to suspend withdrawals from its platform.

Benzinga

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TechScape: why you shouldn’t worry about sentient AI … yet

A researcher says Google has created an AI being with smarts and soul, but my own attempt reveals the truth behind those claims. Plus, the latest crypto crash

The Guardian - UK

Celsius Faces Liquidity Crisis, But How Are Other Crypto Firms Faring?

Global markets took a catastrophic hit yesterday, as the Nasdaq was down 4.60% and the S&P 500 was down 3.88%. Crypto suffered the most, as Bitcoin dropped over 20% to reach a low of $20,800. Ever since the crypto rally in November, in response to Bitcoin ETF Futures product being…

Benzinga

A Ponzi scheme is a Ponzi scheme, crypto or otherwise

A facet of the crashing crypto game has reminded me of a journalistic failure 25 years ago, a story that got away and cost mugs millions of dollars.

The New Daily

Mistaken Identity? Drink Maker Celsius Falls 10% On Monday

“What’s in a name? That which we call a rose by any other name would smell just as sweet.” A beverage company might be wishing it didn’t share a name with a cryptocurrency platform after being mistakenly linked.

Benzinga

Celsius Posts 7000+ Bitcoin As Collateral: Here's The Updated Price Of A Complete Liquidation

Over the past 3 days, Celsius (CRYPTO: CEL) has added over 7000 Wrapped Bitcoin (CRYPTO: WBTC) to avoid the risk of mass liquidation.

Benzinga

Crypto exchanges Coinbase and BlockFi lay off hundreds of staff

Employees hit by cryptocurrency crash as bitcoin price has plummeted in recent weeks

The Guardian - UK

Cathie Wood's Ark Notes Ethereum Arbitrage Opportunity Amid Celsius-Induced Crypto Bloodbath

Cryptocurrency lending platform Celsius' (CEL) move to halt withdrawals has rocked the already bearish cryptocurrency markets, but Cathie Wood's Ark Investment Management sees a silver lining in this cloud for patient investors.

Benzinga

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Benzinga

Bitcoin, Ethereum, Dogecoin Crash: Liquidity Crisis, Celsius Fallout Weigh On Crypto Market

Bitcoin, Ethereum and other major coins nosedived on Monday evening as the global cryptocurrency market cap fell below the psychologically important $1 trillion mark to $944.9 billion — a decline of nearly 12.5% intraday.

Input

The crypto landslide is finally here

If you “bought the dip” in March, your $1,000 Ethereum investment would now be worth less than $500.

Benzinga

Coinbase Stock Nosedives Alongside Cryptocurrencies, Celsius Chaos: What The Charts Say

Whether you are investing in stocks, bonds, commodities or cryptocurrencies, it can be very stressful. Not being able to withdraw or transfer your funds if so desired on your chosen platform can even be more stressful.

Benzinga

EXCLUSIVE: Voyager Digital CEO Says 'Customer Assets Are Safe' Amid Crypto Collapse

Cryptocurrency lending platform Celsius announced Monday that it was pausing withdrawals, which sent the crypto market spiraling lower.

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Benzinga

Why Is Celsius Token Crashing? Ethereum's DeFi vs. CeFi Lending, Explained

Celsius Token (CRYPTO: CEL) has plunged over 60%, as Celsius Network pauses withdrawals, given turbulent market conditions.

Benzinga

As Ethereum Continues To Plunge, Here's Why The Bulls Must Hold This Key Level

Ethereum (CRYPTO: ETH) plunged more than 15% on Monday, which Benzinga pointed out was likely to happen on Saturday if the crypto lost the $1,500 level as support.

Asharq Al-Awsat

Bitcoin Plunges as Major Crypto Lender Halts Operations

Bitcoin and other cryptocurrencies were collapsing in price Monday, after a major crypto lender halted all withdrawals citing "extreme market conditions." It is the second collapse of a part of the cryptocurrency world in the last two months. The stablecoin Terra imploded in early May, erasing tens of billions of…

Benzinga

Is This A Crypto Winter? Why Bitcoin Must Hold $22,600

Bitcoin (CRYPTO: BTC) was plunging more than 14% on Monday with strong momentum after a bearish weekend, which saw the apex crypto lose 8.62% over the 24-hour trading periods on Saturday and Sunday.

The Independent UK

Bitcoin plunges as major crypto lender halts operations

Bitcoin and other cryptocurrencies were collapsing in price Monday, after the major crypto lender Celsius halted all withdrawals citing “extreme market conditions."

Input

Major crypto platforms are holding coins hostage as markets collapse

Most major coins are down at least half their all-time highs, and DeFi giant Celsius has frozen users' assets.

Benzinga

Nexo Offers To Buy Celsius Assets Amid Withdrawal Halt

Crypto lending platform Nexo (CRYPTO:NEXOY) has offered to buy the assets of its rival Celsius (CRYPTO:CEL) after the latter announced a pause on all withdrawals, swaps, and transfers between accounts due to “extreme market conditions.” The offer to buy Celsius's assets ends on June 20

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