Celsius

Alex Mashinsky, the disgraced founder and ex-CEO of cryptocurrency lender Celsius Network, admitted guilt to two counts of fraud on Tuesday. What Happened: Despite his initial plea of not guilty, Mashinsky confessed to two of the seven charges during a hearing before a U.S. District Judge,...

U.S. stocks ended in the green on Monday, with the Dow Jones falling rising 34 points. The Dow traded higher 0.1% to 34,095.86 while the NASDAQ rose 0.3% to 13,518.78. The S&P 500 also gained 0.18% to 4,365.98. These are the top stocks that gained the attention of retail traders and investors...

FTX founder Sam Bankman-Fried on Friday denied defrauding investors of their funds and claimed he had genuinely thought he could build the best product on the market. Taking the stand on the second day of his ongoing trial, he was called to the stand by his lawyer Mark Cohen, and was...

As 2023 is almost ending, we're recapping some of the major crypto disasters of the last two years. With all of the regulatory changes that the crypto landscape is witnessing, 2024 is likely to see a stronger framework for companies. However, U.S. markets appear to be seeing...

Perhaps best known for his price targets on Bitcoin (CRYPTO: BTC), Tim Draper is a venture capital investor who was an early investor in many well-known technology companies. In an exclusive interview, Draper shares his take on future technology, Bitcoin and more. Draper on Artificial Intelligence...

The former CEO and co-founder of the now-defunct cryptocurrency lender Celsius (CRYPTO: CEL), Alex Mashinsky, was taken into custody on Thursday. This arrest comes in the wake of a Department of Justice inquiry into the downfall of the company, Bloomberg reported, quoting sources. The...

Beleaguered crypto lending platform Celsius, which filed for bankruptcy in July 2022, received the green light to begin liquidating its cryptocurrency holdings in preparation for distribution to its creditors. The authorization was granted by Bankruptcy Judge Martin Glenn of the Southern...

The five major crypto firms that collapsed last year — FTX, Celsius, Voyager, BlockFi and Genesis — did so because they offered customers instant withdrawals while their assets were locked inside illiquid, risky investments in an attempt to generate unsustainable yields. And because...

A recent survey by Goldman Sachs' institutional family office investors reveals a significant decline in interest in cryptocurrencies among the wealthy elite, largely due to the extreme market volatility witnessed over the past year. According to the survey, the percentage of family...

Crypto lending platform Celsius (CRYPTO: CEL) is seeking to consolidate its U.K. and U..S entities amid allegations the distinction between the two was a "sham." The embattled cryptocurrency company is the latest to be accused of poor record-keeping within its corporate structure,...

In the latest episode of Last Week Tonight, host John Oliver talked about cryptocurrencies for the second time. The British-American comedian is known for digging deep into obscure topics that mainstream media avoids. John Oliver detailed the collapses of FTX, Celsius and Terra that occurred last...

New York Attorney General Letitia James filed a lawsuit Thursday against KuCoin, a virtual currency trading platform, for allegedly operating without proper licensure and registration as a securities and commodities broker-dealer. The lawsuit argues that Ether (CRYPTO: ETH), one of the largest...

Beleaguered cryptocurrency lender Celsius (CRYPTO: CEL) lacks proper asset and liability tracking and attempted to cover up false statements made publicly by its Chief Executive Officer Alex Mashinsky. That's according to independent examiner Shoba Pillay, who informed the U.S Bankruptcy Court...

Senator Elizabeth Warren (D-Mass.) has warned that the ongoing volatility in the cryptocurrency space will persist unless there are tougher regulations in place to protect investors.  What Happened: In an event hosted by the American Economic Liberties Project called...

Defunct cryptocurrency lending and borrowing platform Celsius is preparing to file a motion to extend the bar date for its account holders, as part of its ongoing bankruptcy proceedings. The bar date, also known as the deadline to file a claim, is currently set for Jan. 3, 2023. However, Celsius is...