Celsius

Crypto lender Celsius says it is exploring options

The Crypto Celsius lender says it is exploring options

Celsius Network’s crypto currency trading platform said Thursday it was looking at options including deals and restructuring of its loans. Celsius earlier this month banned withdrawals and transfers, citing “extreme” market conditions, which left its 1.7 million customers unable to redeem their assets. The Hoboken, New Jersey, company has hired reorganization counselors Alvarez & Marsal …

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Celsius Network hires advisors to prepare for potential bankruptcy, says WSJ report

Celsius Network hires counselors to prepare for possible collapse, reports WSJ

Celsius’ decisions after freezing transfers and withdrawals could affect the crypto industry as a whole Celsius Network LLC has hired advisors from consultant firm Alvarez & Marsal to advise on non-payment, the Wall Street Journal reported on Friday, citing people familiar with the matter. New Jersey-based cryptocurrency lending company suspended withdrawals and transfers earlier this …

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Crypto’s hot streak cools down as harsh ‘winter’ descends

Crypto’s hot streak is cooling off as the harsh ‘winter’ drops

As prices fall, companies fall, and doubts grow, the hot rate producing bitcoin and other cryptocurrencies has become much colder. The hot history of producing wealth for Bitcoin and other cryptocurrencies has become very cold. As prices fall, companies fall, skepticism rises, wealth and jobs disappear overnight, and speculative speculation by investors is replaced by …

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Bitcoin falls to fresh 18-month low as crypto meltdown deepens

Bitcoin falls to a new level of 18 months as the melting of crypto grows

Bitcoin dropped Wednesday to a new 18-month high, pulling down small tokens and deepening the market downturn caused by a crypto lender by Celsius this week curtailing customer withdrawals. The world’s largest cryptocurrency has fallen by about 7.8% to $ 20,289, the lowest since December 2020. It has lost about 28% since Friday and more …

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