Celsius

Crypto lender Celsius picks Fahrenheit's bid for bankruptcy exit

Fahrenheit, a consortium that includes blockchain-based venture capital firm Arrington Capital, will provide the capital, management team and technology to establish and operate the new company (NewCo), Celsius said.

Cryptocurrency roundup for February 2: Bitcoin and Ether Prices Soar on Powell's Inflation Comment and more

A daily round-up of the most interesting articles on cryptocurrencies like Bitcoin, Ethereum and Tether to help jump-start the day.

Crypto lender Celsius propped up its token, benefiting insiders: U.S. bankruptcy examiner

Crypto lenders such as Celsius boomed during the COVID-19 pandemic, drawing depositors with high interest rates and easy access to loans. New Jersey-based Celsius filed for U.S. bankruptcy in July last year, after freezing customer withdrawals from its platform.

Delhi records maximum temperature of 23.3 degree celsius

The minimum temperature was recorded at 6.2 degrees Celsius, one notch below normal, they said.

Celsius Network founder withdrew $10mn ahead of bankruptcy

Scrutiny of Alex Mashinsky grows after crypto lender was left with hole in balance sheet

Crypto lender Celsius not seeking payments for outstanding loans

Celsius filed for bankruptcy in July, with estimated assets and liabilities between $1 billion to $10 billion, with more than 100,000 creditors.

Celsius files for permission to sell its stablecoin holdings

The request was filed with United States Bankruptcy Court Southern District Of New York.

Celsius Network plots a comeback after a Crypto crash

Celsius filed for bankruptcy in July. Now it’s angling for a comeback.

Five reasons Celsius customers may have to forfeit their crypto assets

Once counted among the biggest crypto lenders, a lack of accounting controls and reckless betting are some of the reasons behind the fall of Celsius Network

Crypto platform Zipmex to start releasing Bitcoin, Ether for customers

The Singapore-based Zipmex, which also operates in Thailand, Australia and Indonesia, in July halted withdrawals from Z Wallet, which it said had $53 million worth of cryptocurrencies exposed to Babel Finance and Celsius.

Watch | MC Explains: What happens to investors’ money when crypto firms go bust?

Crypto lending platforms bore the brunt of plunging cryptocurrencies in the first half of 2022. Lenders like Voyager Digital, Vauld and Celsius faltered and froze withdrawals, leaving hundreds of investors in the lurch. So, what really happens to investors’ money when these crypto firms go bust -- and do investors have any recourse? Watch this video to get the complete picture!

PepsiCo to pay $550 million for 8.5% stake in fitness-drink maker Celsius

The soft drink giant will become the preferred distribution partner globally for Celsius and will also nominate a director to serve on its board.

An unbalanced sheet—Explainer on the asset-liability mismatch in crypto lending firms

Apart from the plummeting prices in recent months, a mismatch in the assets and liabilities of crypto lending firms like Vauld and Celsius Network was flagged by experts as a major concern in the business models of the companies operating in the space. A closer look at the balance sheets of these firms tells a story unique to the crypto lending segment.