Celsius

A lawsuit filed by the former head of DeFi at Celsius alleges that the cryptocurrency lender was operating a Ponzi scheme. What Happened: According to a filing with the Supreme Court of New York, the lawsuit claims that Celsius was “desperately seeking a potential investment that could earn...

As part of the bearish downturn of the crypto market, Ethereum (CRYPTO: ETH) has been experiencing a major fall in price levels. Down from its all-time high of $4,812, Ethereum is currently trading at $1,134. The leading altcoin is sitting almost 80% below its all-time high, alongside most other...

Cryptocurrency lender Celsius has laid off 150 employees, including some working in Israel and the U.S., reports Calcalist.   The workforce reduction comes as the company is exploring options like pursuing strategic transactions and restructuring its liabilities.  Recently, Sam...

Analysts at JPMorgan Chase & Co believe there are two strong reasons to suggest that the end of the cryptocurrency bear market is near. What Happened: In a note to clients seen by Business Insider on Wednesday, JPM strategist Nikolaos Panigirtzoglou reasoned that recent events...

BnkToTheFuture, a lead investor in beleaguered cryptocurrency lending platform Celsius, has put forth three proposals to save the company from going under. What Happened: On Friday, CEO of BkToTheFuture Simon Dixon shared the Depositor's First Celsius Recovery Plan in a post on Twitter. #...

Celsius, the disaster-stricken cryptocurrency lender, has assured its community that it was exploring all the options available to stabilize liquidity and operations. What Happened: In a blog post on June 30, Celsius said that it was exploring options like pursuing strategic transactions and...

FTX CEO Sam Bankman-Fried is taking a bullish stance amid the “great depression” of cryptocurrency. Instead of joining the list of peers hedging losses by slashing workforces by upwards of 20%, FTX is on a mergers and acquisitions tear, acquiring three firms this year alone....

Celsius (CRYPTO: CEL) has denied the reports that its CEO Alex Mashinsky attempted to flee from the United States, but was halted by authorities. What Happened: On June 27, reports emerged that Mashinsky attempted to leave the country. However, on June 28, the Celsius team contested these reports,...

As cryptocurrencies continue their bearish downtrend over the past few months, numerous crypto firms globally are facing severe liquidity crises and a capital bleed-outs. Consequently, uncertainty looms over the job market in the crypto sector. What Happened: As macroeconomic fears of an impending...

As beverage companies compete to grow their non-carbonated drinks divisions, energy drink companies have often been subject to buyout rumors. A terminated distribution agreement between an energy drink company and a leading beverage company is leading to more merger and acquisition speculation in...

Short sellers of the Celsius (CRYPTO: CEL) token saw large-scale liquidations as the token surged on Monday. What Happened: According to data from Benzinga Pro, CEL rallied 100% from $0.78 to an intra-day high of $1.56. DUDE!!!! The $cel token is undergoing a HUGE short squeeze! pic.twitter....

BlockFi, a crypto lending firm, has confirmed a $250 million credit facility from FTX (CRYPTO: FTT). What Happened: BlockFi CEO, Zac Prince, made the announcement on Tuesday. The funding endeavors to optimize BlockFi’s platform while supporting its balance sheet. As the...

Major cryptocurrency players, including Celsius (CRYPTO: CEL), 3AC, and Tether (CRYPTO: USDT), have experienced major liquidations. What Happened: Given the sharp fall in cryptocurrency prices, lending firm Celsius posted a total of 7,206 WBTC (CRYPTO: WBTC) as collateral to reduce its liquidation...

The past month has seen a major plunge in cryptocurrency prices, as recessionary fears loom and major firms experience operational problems and insolvencies. The Analyst: Marcus Sotiriou, the analyst at the UK-based digital asset broker GlobalBlock, analyzed the severe sell-off experienced in the...

Jim Cramer is fickle when it comes to stock recommendations. The same could be said for cryptocurrency. What Happened: The CNBC host sounded the alarm on the crypto sector Monday after previously recommending viewers to invest. He labeled the events of the cryptocurrency sector as “...