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Celsius Network
Fed Chair Powell to Speak Before Senate Committee Tomorrow
Nikhilesh De, CoinDesk's managing editor for global policy & regulation, joins First Mover to discuss what he's watching in Washington, D.C. this week, including tomorrow's Senate appearance by Federal Reserve Chairman Jerome Powell. Plus, the latest developments regarding Celsius Network.
Texas, Other States Open Investigation Into Celsius Following Withdrawal Freeze
Former SEC Senior Trial Counsel and Partner at Moses & Singer LLP Howard Fischer weighs in on the news that several U.S. states including Texas and Alabama are investigating Celsius Network’s decision to halt customer withdrawals.
What Does Celsius Network Want to Do With the Newly Raised $400M Amid Regulatory Scrutiny?
Cryptocurrency lender Celsius Network has raised $400 million in equity funding in a move to reassure lawmakers of the credibility of its business. Last month, the network received a cease-and-desist order from Kentucky’s securities regulator over interest earned on certain crypto accounts, following similar orders against its competitor BlockFi.
Can Celsius Network Hold Onto its Early Lead in Crypto Lending as DeFi Grows?
Celsius Network was one of the first crypto lending and rewards platforms on the market. The company has experienced rapid growth during the bull market with nearly 600,000 users and over 1,000 corporate accounts, but how is Celsius contending with the trend towards decentralized finance?