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Articles for Withdrawals, search results for celsius

Crypto lending platform Celsius files for bankruptcy protection
2 years, 5 months ago

Crypto lending platform Celsius files for bankruptcy protection

The Hindu  

The beleaguered cryptocurrency lending platform, Celsius Network, which last month froze all user withdrawals and transfers, has now filed for bankruptcy protection. The news comes as Vermont’s Department of Financial Regulation said it believed Celsius to be “deeply insolvent.” Several other U.S. state regulators were investigating the platform as well. Celsius’ shock decision last month to freeze all user withdrawals …

Crypto Celsius
Crypto contagion fears spread after Celsius Network freezes withdrawals
2 years, 6 months ago

Crypto contagion fears spread after Celsius Network freezes withdrawals

The Hindu  

Bitcoin fell as much as 14% on Monday after major U.S. cryptocurrency lending company Celsius Network froze withdrawals and transfers citing “extreme” market conditions, in the latest sign of the financial market downturn hitting the cryptosphere. "It's still an uncomfortable moment, and there's some contagion risk around crypto more broadly," said Joseph Edwards, head of financial strategy at fund management …

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Bitcoin plunges as major crypto lender halts operations
2 years, 6 months ago

Bitcoin plunges as major crypto lender halts operations

Associated Press  

NEW YORK — The price of bitcoin and other cryptocurrencies plummeted Monday after a major cryptocurrency lender effectively failed and halted all withdrawals from its platform, citing “extreme market conditions.” It’s the latest high-profile collapse of a pillar of the cryptocurrency industry. On Sunday, the cryptocurrency lending platform Celsius Network announced that it was pausing all withdrawals and transfers between …

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No let up in crypto slide, Bitcoin at 18-month low
2 years, 6 months ago

No let up in crypto slide, Bitcoin at 18-month low

Al Jazeera  

Cryptocurrencies are now emblematic of a flight from speculative investments as monetary policy is tightened globally. Cryptocurrencies tumbled afresh on Tuesday, with Bitcoin and Ether falling to new 18-month lows, after major cryptocurrency lending company Celsius Network’s freezing of withdrawals delivered the latest jolt to investors in the asset class. The Celsius move triggered a slide across cryptocurrencies, with their …

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Celsius collapse: Crypto plunges as withdrawals suspended, triggering fears of crisis
2 years, 6 months ago

Celsius collapse: Crypto plunges as withdrawals suspended, triggering fears of crisis

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. The CEL token is affiliated with the lending platform Celsius Network, which suspended customer withdrawals on Sunday …

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Bitcoin slumps under $25,000, lowest in 18 months
2 years, 6 months ago

Bitcoin slumps under $25,000, lowest in 18 months

The Hindu  

Bitcoin tumbled Monday to an 18-month low under $25,000 as investors shunned risky assets in the face of a vicious global markets selloff, months after the cryptocurrency hit a record high. The unit took a heavy knock also from news that cryptocurrency lending platform Celsius Network paused withdrawals, citing volatile conditions. World stock markets have plunged since Friday when data …

Market Bitcoin Slumps
Crypto firm Celsius pauses all transfers and withdrawals between accounts
2 years, 6 months ago

Crypto firm Celsius pauses all transfers and withdrawals between accounts

The Hindu  

Cryptocurrency lending firm Celsius Network will pause withdrawals and transfers between accounts due to "extreme market conditions", the company said on Monday, in the latest sign of pressure in the crypto industry. Celsius Network, which raised $750 million in funding late last year, is a significant player in crypto lending. The sector has come under regulatory scrutiny however, particularly in …

Crypto Celsius