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Updated 07:36 AM UTC

CEL Celsius Network

$0.0119

$0.0002

(1.65%)

Today

Mkt Cap$423,962.00

Vol643.04

About Celsius Network

For crypto to continue to spread and gain traction we’ve got to bring the next 100m people into the crypto community. In order to do that, real products built by real teams have to provide real utility to the public. We’re building Celsius to bring a new wave of financial products to the market designed, for the first time, to always do what’s in the best interest of its members instead of trying to make as much profit as possible. Members will be able to borrow USD against their crypto holdings in their wallet which will be used as collateral. Our goal is to allow anyone who’s in need of cash to easily borrow from the Celsius platform without having to sell their crypto holdings. In the future, through the Celsius Network, cryptocurrencies deposited by members into their Celsius Wallet will be available on the network for immediate borrowing and shorting.

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Galaxy Digital Rolls Out Retail Credit Line Backed by Bitcoin, Ether and Solana

The crypto merchant bank is broadening its lending business beyond institutional clients with a new consumer-facing product. Galaxy Digital has launched a new line of credit aimed at retail crypto holders, allowing them to borrow against holdings of Bitcoin, Ether and Solana. The...

TheCoinrise

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Ionic Digital Expands Bitcoin Treasury to 2,882 BTC After Latest Purchase

BitcoinWorld Ionic Digital Expands Bitcoin Treasury to 2,882 BTC After Latest Purchase Ionic Digital, the digital infrastructure company formed from the ashes of Celsius Mining, has acquired an additional 21 Bitcoin, bringing its total holdings to 2,882 BTC. According to a report...

BitcoinWorld

Why Bitcoin-backed loans need qualified custody and no rehypothecation, according to Arch Lending CTO

Arch Lending co-founder Himanshu Sahay has identified qualified custody, zero rehypothecation, and clear collateral rules as three safeguards needed to reduce risks in Bitcoin-backed lending. Himanshu Sahay, co-founder and chief technology officer of Bitcoin-backed lending platfo...

crypto.news

What happens to your crypto when an exchange goes bankrupt

Assets freeze the moment an exchange files. What comes back, if anything, is usually decided by a court - and FTX's case shows it may arrive as cash, valued on the filing date, not as the coins you deposited. The post What happens to your crypto when an exchange goes bankrupt app...

TheCoinrise

Bitcoin flashes 8 bottom signals, but rebound may take months: VanEck

Bitcoin has triggered eight of VanEck’s 12 capitulation signals after falling 49% from its peak, although the firm’s historical data has shown no return advantage within six months. VanEck said in its mid-August Bitcoin ChainCheck that the active signals place…

crypto.news

Federal Prosecutors Reject Ex‑Celsius CEO’s Bid to Overturn Ruling

Prosecutors in the US Southern District of New York have urged a federal judge to reject Alex Mashinsky’s bid to overturn his 12-year fraud and market manipulation sentence tied to the collapse of Celsius. In a Friday filing, attorneys for the government argued that Mashinsky’s l...

CryptoBreaking

Prosecutors Push Back on Mashinsky Bid to Vacate 12-Year…

Why Is Mashinsky Challenging His Conviction? Federal prosecutors are opposing an attempt by former Celsius CEO Alex Mashinsky to overturn his fraud conviction and 12-year prison sentence, arguing that his claims lack merit and do not justify a new hearing. In a Friday filing, pro...

Finance Feeds

U.S. Federal Prosecutors Reject Ex-Celsius CEO’s Motion to Vacate

Prosecutors in the Southern District of New York (SDNY) are urging a federal judge to reject Alex Mashinsky’s bid to overturn his 12-year prison sentence tied to Celsius’s collapse. In a Friday filing, SDNY attorneys James McDonald and Allison Nichols argued that Mashinsky’s peti...

CryptoBreaking

Federal prosecutors blast ex-Celsius CEO’s motion to vacate as ‘without merit’

A judge is expected to decide on arguments posed by Alex Mashinsky and US attorneys as the former Celsius CEO, representing himself in court, explores legal avenues to be released.

Cointelegraph.com News

Crypto Lending Market Shrinks 17% to $56 Billion, Sparking 2022 Comparisons

Analysts weigh whether the pullback reflects healthier deleveraging or early signs of stress reminiscent of the 2022 credit collapse. The crypto lending market has fallen 17% to approximately $56 billion, according to figures reported by BeInCrypto and Yahoo Finance on August 18....

TheCoinrise

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