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CEL Jumps While Celsius’ Bankruptcy Protection Filing Reveals a Billion-Dollar Hole in Balance Sheet
15.7.2022
More troubling news is coming out regarding Celsius (CEL), as its so-called Chapter 11 bankruptcy protection filing on July 14 has revealed a deficit of close to USD 1.2bn for the crypto lender.
According to a new document filed with the U.S. Bankruptcy Court of the Southern District of New York...
Cred Protocol unveils its first decentralized credit scores
15.7.2022
Releasing the results of its first credit score on the Aave Protocol, a decentralized credit scoring mechanism called Cred Protocol is set to expand to Compound and MakerDAO
UNI, MATIC and AAVE surge after Bitcoin price bounces back above $20K
15.7.2022
Bitcoin, Uniswap, Polygon and Aave turned green just a day after the highest CPI print in over 40 years
Celsius Network’s Token CEL Drops 58% After Bankruptcy Filing, So-Called ‘Short Squeeze’ Falters
14.7.2022
During the last 30 days, the Celsius Network’s native token CEL increased in value by over 140% against the U.S. dollar. On July 13, just before the lending company filed for Chapter 11 bankruptcy, CEL was exchanging hands for $0.961 per unit. Following the news that the company filed...
CEL Crashes as Celsius Enters New Chapter of Its Saga and It's Restructuring
14.7.2022
After reportedly returning all of its debt to DeFi lending protocols, troubled crypto lender Celsius (CEL) said it has initiated voluntary Chapter 11 proceedings in the US in an attempt to stabilize its business. CEL dropped following the announcement.
At 03:03 UTC, CEL trades at USD 0.538 and...
Vermont becomes the sixth US state to launch investigation against Celsius
13.7.2022
The state financial regulator alleged that Celsius violated state security laws by offering high crypto interest rate accounts to customers and unethically using clients’ funds to invest in illiquid products
Celsius Still in Hotspot Despite Repayments and Is ‘Likely Deeply Insolvent,’ Regulator Claims
13.7.2022
Crypto turmoil (yes, you guessed it) continues – and one of its key protagonists, the troubled crypto lender Celsius (CEL) remains…well...troubled.
Despite recent attempts to pay off its debts in an apparent bid to get its hands on locked-in collateral, in the United States, the Vermont Department...
California regulator investigating crypto interest accounts
13.7.2022
The regulator also said in its view that certain crypto interest account providers were providing unregistered securities, such as BlockFi and Voyager
California Is Investigating ‘Multiple’ Crypto Lending Companies
12.7.2022
The state’s Department of Financial Protection and Innovation is looking at whether firms that have suspended customer withdrawals and transfers have violated its laws
A16z, Variant Lead $18M Round for Lending Protocol Morpho Labs
12.7.2022
The protocol enhances existing lending protocols like Compound and Aave with peer-to-peer liquidity
3AC co-founder returns to Twitter, blames liquidators for "baiting"
12.7.2022
The tweet attracted wild reactions from the community with several accusing the co-founder of playing the blame game while his whereabouts are unknown
Celsius Debt Now Down to Around USD 120M After Aave, Compound Repayments
12.7.2022
Troubled crypto lender Celsius (CEL) appears to have no intention of being frozen out of the crypto world – and is continuing to take action to avoid possible insolvency as it has been hurriedly repaying the debts it owes.
Blockchain analytics data shows that Celsius has recently repaid some...
Voyager can't guarantee all customers will receive their crypto under proposed recovery plan
11.7.2022
The crypto lending firm said that the exact amount reimbursed to users will “depend on what happens in the restructuring process and the recovery of 3AC assets."
Three Arrows Founders in Hiding, Voyager's Unknowns, Vauld's 'Breathing Space' + More News
11.7.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news._______...
Read More: Three Arrows Founders in Hiding, Voyager's Unknowns, Vauld's 'Breathing Space' + More News
Tether Liquidates Celsius Bitcoin Loan — ‘Position Has Been Liquidated With No Losses’ to the Company
9.7.2022
On July 8, 2022, the company behind the largest stablecoin in the world, Tether, revealed that the firm liquidated a loan made to the crypto lender Celsius, and the liquidation caused “no losses to Tether.” According to the stablecoin issuer, the bitcoin loan to Celsius...
Finance Redefined: UK government explores DeFi with a focus on staking and lending
8.7.2022
Majority of the top-100 DeFi tokens broke out of three week long bearish phase and registered double digit gains over the past week
Keyfi Founder Sues Celsius — Says Crypto Lender’s Entire Portfolio Had ‘Naked Exposure to the Market’
8.7.2022
On July 7, 2022, the pseudonymous non-fungible token (NFT) collector known as “0xb1” published a Twitter thread that discusses the collector’s true identity and his relationship with the crypto lending firm Celsius. According to 0xb1, otherwise known as Jason Stone, his team...
DeFi protocol Porter Finance shuts down bond issuance platform after just one month
6.7.2022
The firm cited better interest rates from traditional finance loans and regulatory risks in mulling the bond platform
DeFi is ‘Designed to Avoid This Bullshit,’ Compound Founder Says About Crypto Bailouts
6.7.2022
Decentralized finance (DeFi) protocols “don’t need to get bailed out,” and were “designed specifically to avoid this bullshit,” the founder of DeFi protocol Compound (COMP), Robert Leshner, has said.
Discussing the troubles currently faced by centralized crypto lenders like Celsius (CEL), Voyager...
Ethereum DeFi Service Porter Finance Shutters Bond Platform, Citing Lack of 'Lending Demand'
6.7.2022
The venture capital-backed Porter Finance said the lack of “institutional fixed income DeFi adoption” drove its decision