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Report: Celsius Hires Citigroup to Help the Startup Find ‘Potential Financing’

According to “two people familiar with the matter,” the cryptocurrency lending company Celsius is working with the financial giant Citigroup in order to get advice on how to handle the…

Continue ReadingReport: Celsius Hires Citigroup to Help the Startup Find ‘Potential Financing’

Celsius Insolvency Rumors Swirl After Company Pauses Withdrawals, Nexo Offers to Buy Firm’s Assets

On Monday, June 13, 2022, the crypto economy dropped below the $1 trillion region, as a great majority of crypto assets have lost between 10% to 25% during the last…

Continue ReadingCelsius Insolvency Rumors Swirl After Company Pauses Withdrawals, Nexo Offers to Buy Firm’s Assets

Celsius expands funding round to $750M, tips $7B to $10B valuation in 2022

Celsius CEO Alex Mashinsky said that the oversubscribed $750 million funding round was a “very good indication” of the strength of the company's lending and yielding brand.

Continue ReadingCelsius expands funding round to $750M, tips $7B to $10B valuation in 2022

Mashinsky says USDT is minted for crypto as $1M bounty offered to unpick reserves

Hindenburg Research is offering a $1 million bounty for information on Tether’s reserves, with the firm stating that Tether is yet to disclose virtually anything “about its counterparties.”

Continue ReadingMashinsky says USDT is minted for crypto as $1M bounty offered to unpick reserves