Celsius

Cryptocurrency exchange Kraken on Wednesday announced that it will stop offering trading services through its subsidiary, Payward Asia, in Japan on January 31, 2023, and deregister from the Financial Services Agency of the Asian nation. This marks Kraken's second exit from the...

The collapse of cryptocurrency exchange FTX (CRYPTO: FTT) has not been the biggest concern for investors this year. Recall the de-pegging of Terra’s (CRYPTO: USTC) token and the collapse a few weeks later of Celsius and Three Arrows Capital (3AC) — investors suffered much bigger losses...

The cryptocurrency sector saw a huge spike in interest in 2021 as the valuations of Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), Dogecoin (CRYPTO: DOGE) and others hit all-time highs in their coin prices. The crypto bull market of 2021 brought many newcomers to the space, with cryptocurrency...

The cryptocurrency market was firing on all cylinders in 2021 with Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) hitting all-time highs in a bull market. This year (2022) has been completely different than 2021 with the collapse of several crypto-related companies and investors having fears...

Leading cryptocurrency Bitcoin (CRYPTO: BTC) has been hit hard in 2022 like many other cryptocurrencies. Here’s a look at how much Bitcoin would be worth now if it was purchased five years ago. What Happened: In October 2008, a whitepaper entitled “Bitcoin: A Peer-to-Peer Electronic...

For many Americans across the country, meals will be had with families on Thursday to celebrate the Thanksgiving holiday. One topic of conversation could be dreaded by some family members. What Happened: The Thanksgiving Day holiday traditions for many include watching parades, eating a delicious...

Leading cryptocurrency Bitcoin (CRYPTO: BTC) had a breakout year in 2021, hitting all-time highs. Recent events have sent the entire cryptocurrency market down. Here’s a look at how an investment one year ago would be doing now. What Happened: Bitcoin and other cryptocurrencies enjoyed a...

A Singapore-based court is set to hear a lawsuit filed by over 350 international investors against the co-founder of embattled Terraform Labs Do Kwon. The investors claim to have lost about $57 million due to the collapse of the Terra blockchain and the subsequent crash of its native token Luna,...

Beleaguered cryptocurrency lender Hodlnaut had downplayed its exposure to the Terra ecosystem and its sister token Luna (CRYPTO: LUNC) created by fugitive Do Kwon in the run-up to and after its crash and had suffered a nearly $190 million loss as it collapsed, according to the findings of an...

Core Scientific (NASDAQ: CORZ) stock nose-dived by nearly 77% after it warned shareholders of a potential bankruptcy if it failed to improve its financial condition. The company, one of the world’s largest Bitcoin (CRYPTO: BTC) miners, told shareholders that it can't pay off its debt and...

Cryptocurrency lender Celsius Network (CRYPTO: CEL), which declared bankruptcy earlier this year, told a U.S. bankruptcy court that it is facing several “federal investigations." What Happened: Celsius has been subject to enforcement proceedings or investigations in at least 40...

Bankruptcy court documents filed by lawyers of Celsius (CRYPTO: CEL) reveal that top executives at the crypto firm withdrew millions of cryptocurrencies before it declared the suspension of customer withdrawals.  The court filing alleges that Celsius' former CEO Alex Mashinsky,...

Crypto exchange FTX, owned by billionaire Sam Bankman-Fried, is circling beleaguered lending company Celsius, according to a Bloomberg report citing an unnamed source. It was not immediately clear whether Bankman-Fried would bid for some or all of Celsius' assets, a “person familiar with...

The CEO of insolvent crypto lender Celsius Network (CRYPTO: CEL) Alex Mashinsky has filed a letter of resignation to the board of directors of his organization, according to a press release from a New York law firm on Tuesday. "I elected to resign my post as CEO of Celsius Network today....

The native token of the Celsius Network (CRYPTO: CEL) unexpectedly rallied 66% immediately after the Ethereum (CRYPTO: ETH) Merge, leaving many market participants confused. What Happened: CEL surged from around $1.9 to a high of $3 within 60 minutes of the Ethereum Merge...