Canadian watchdogs join US SEC in Celsius probe: report
The Quebec and Ontario securities watchdogs have joined the probe, with the former especially concerned about the fate of a $150 million investment in Celsius.
Latest Celsius Network News
The CoinGeek Pulse Episode 96: Bankrupt Celsius owes $5B, Binance fined in the Netherlands, Dubai launches metaverse strategy
More troubles loom for digital assets firms like Celsius Network and Binance; meanwhile, Dubai launches its new 'metaverse strategy' that aims to open 40,000 virtual jobs by 2030.
Vermont regulator claims Celsius is ‘deeply insolvent,’ new report shows extent of rot
The Vermont watchdog also accused Celsius of offering unregistered securities even as a new FT report shows that Celsius openly gambled with investor money.
Celsius owes $4.7B to customers as first bankruptcy hearing takes place
Monday’s hearing in the Southern District of New York also revealed that Celsius’ proposed pathway to recouping its massive losses depend on the success of its wholly owned digital currency mining subsidiary, Celsius Mining.
Celsius Network is bankrupt—this is getting ridiculous
Celsius Network has an estimated 100,000 creditors and has $12 billion under management as of May 2022, although it's unclear what its exact financial position is as of the announcement.
Celsius: New lawsuit from ex-employee accuses digital assets lender of fraud
The suit accuses Celsius as a Ponzi scheme and states that the lender refused to honor its contractual obligation to pay KeyFi.
Contagion spreads in digital currency markets as Vauld suspends withdrawals
Just as things seemed to be settling down in the digital currency space, Vauld, a lender backed by Coinbase, has suspended withdrawals and hired advisors to explore restructuring.
The case for a multi-year digital currency bear market
The conditions are ripe for a long ‘crypto winter’ from which many coins will never recover, and as we can all see, it’s a multi-faceted problem with no easy solutions in sight.
Digital currency crash: What happens next?
The best way to prepare for the further decline in the digital asset markets is to manage risk. Selling is good too, especially if you know that you can buy back at a lower price in the future.
The CoinGeek Pulse Episode 93: Digital currency firms feel ‘winter’ nip, investors bet against Tether, blockchain makes more progress
There’s no light at the end of the tunnel just yet in the world of digital currency as troubles continue for firms caught up in the recent volatility of the market.
The CoinGeek Pulse Episode 92: Massive layoffs, Terraform Labs faces new lawsuit, Twetch sells out Cozy Hoodie
Gone in 60 seconds! This is what happened when Bitcoin-powered Twetch dropped its latest NFT collection, "Cozy Hoodie," during its launch on Wednesday this week.
Medium-term market predictions
CoinGeek's Patrick Thompson looks at how the speculative era is inching to an end following the recent events in Bitcoin that have had a domino effect on the broader digital assets market.