Celsius

U.S. Securities and Exchange Commission Chair Gary Gensler reiterated his warning to investors about cryptocurrency protocols offering high-yield returns as crypto lending application Celsius Network froze withdrawals and bitcoin’s price plummeted. “The Hash” group discusses regulatory enforcement in the digital asset space and draws comparisons to BlockFi’s services.

14 jun 2022

Sean Farrell, Fundstrat Global Advisors head of digital asset strategy, joins "First Mover" to discuss his outlook on the crypto market as bitcoin falls below $23,000 and Celsius freezes withdrawals due to "extreme market conditions."

14 jun 2022

Crypto lending service Celsius announced it would pause withdrawals, due to "extreme market conditions." Swan Bitcoin CEO Cory Klippsten joins "First Mover" to discuss his concerns over Celsius' business model.

14 jun 2022

Gritt Trakulhoon, Titan investment analyst, discusses the likely catalysts behind bitcoin's plunge below $23,000. Plus, he weighs in on the state of retail investors as Celsius pauses withdrawals for its users.

14 jun 2022

Yaron Shalem, the chief financial officer of cryptocurrency lending platform Celsius, was one of the seven people arrested in Tel Aviv this month in connection with Israeli crypto mogul Moshe Hogeg. Hogeg was arrested last week on money laundering and other charges.

29 nov 2021

Celsius Network, a crypto lender that has drawn the ire of financial regulators in several U.S. states, has raised $400 million in equity funding valuing the company at $3 billion. CEO Alex Mashinsky said the investment will help reassure regulators of the credibility of Celsius Network’s business.

12 okt 2021

China's central bank outlawed all crypto trading activities effective Friday as U.S. federal regulations are also increasingly coming into focus. What are the similarities and differences between the U.S. and China's crypto crackdowns? "[U.S. regulators] are trying to implement an actual regulatory regime ... that's a far sight from declaring transactions illegal entirely, and it does not look like the U.S. is heading down that path," CoinDesk's Nikhilesh De said. Plus, Kentucky ordered crypto lender Celsius to stop offering accounts in the U.S. state.

24 sep 2021

The Biden administration is planning an array of actions to mitigate ransomware attacks, focusing on payments. This week, the U.S. Treasury Department plans to unveil sanctions and guidance to tackle cryptocurrency payments made to phone companies that have been victims of ransomware attacks. CoinDesk’s Nikhilesh De discusses what to expect.

20 sep 2021

Door Nathaniel Whittemore18 sep 2021

The Texas State Securities Board (TSSB) is cracking down on Celsius with an allegation of offering interest-bearing crypto deposits to be unregistered securities. It ordered the crypto lending startup to appear before a hearing in February 2022, where a cease-and-desist order will be considered. Texas has already issued a similar warning to BlockFi. "The Hash" panel discusses the implications for Celsius facing regulatory pressure in Texas in the latest sign of U.S. watchdogs’ growing scrutiny of the booming crypto lending industry.

17 sep 2021