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Celsius Paid Back Entire Loan to Maker, Reclaiming Nearly 22K BTC Collateral

After paying back an additional $41.2 million in Dai to decentralized lending platform Maker, Celsius Network now can reclaim approximately $450 million worth of BTC locked up as collateral on…

Continue ReadingCelsius Paid Back Entire Loan to Maker, Reclaiming Nearly 22K BTC Collateral

Celsius Network Repays Another $34M, BTC Liquidation Price Falls Below $3K

Celsius Network has repaid yet another $34.43 million of its debt to MakerDAO as the former blue-chip company tries to avert a total collapse. This marks the second such repayment…

Continue ReadingCelsius Network Repays Another $34M, BTC Liquidation Price Falls Below $3K

CoinLoan Reduces Withdrawal Limits but Claims No Exposure to Luna, Celsius, 3AC

CoinLoan – a company that offers crypto-backed loans and interest-earning accounts – said it will balance the flow of funds on its platform by reducing the account withdrawal limits. The…

Continue ReadingCoinLoan Reduces Withdrawal Limits but Claims No Exposure to Luna, Celsius, 3AC

Report: Goldman Sachs Looks to Buy Distressed Assets From Celsius, Crypto Lender Seeks Restructuring Advice

After the crypto lending platform Celsius halted operations on June 12, at 10:10 p.m. (ET), two days later the Wall Street Journal (WSJ) quoted “people familiar with the matter” who…

Continue ReadingReport: Goldman Sachs Looks to Buy Distressed Assets From Celsius, Crypto Lender Seeks Restructuring Advice