Celsius crypto

Bitcoin tumbled on Monday after major U.S. cryptocurrency lending company Celsius Network froze withdrawals and transfers citing "extreme" conditions, ...

So far, Celsius has chosen not to engage," said Nexo co-founder Antoni Trenchev. Celsius and crypto firms that offer services similar to banks are in a "grey area" of regulations, said Matthew Nyman at CMS law firm. Register now for FREE unlimited access to Reuters.com The collapse in May of the terraUSD and luna tokens also shook the industry. Register now for FREE unlimited access to Reuters.com Register now for FREE unlimited access to Reuters.com

Bitcoin and other cryptocurrencies plunged through the weekend and into Monday as high inflation sent investors running for the exits and caused major ...

The value of crypto assets peaked at about $2.9 trillion in November 2021 before countries around the world started seeing inflation rise to its highest point in decades. Investors and market watchers had hoped the figure would ease from the 8.3 per cent level it hit the previous month, but instead it went even higher, a troubling sign that central bank efforts, such as rate hikes to rein in inflation, aren't working. "As digital assets grow in adoption, we intend to capture the right opportunities, while working with our partners toward a regulated industry." The sell-off prompted a major crypto exchange, called Celsius, to halt withdrawals on Sunday evening, meaning investors can't take what's left of their money out. "As inflation proves to be an even trickier opponent to beat than expected, Bitcoin and ethereum are continuing to get a severe bruising in the ring," said Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown. "Blockchain technology has the potential to disrupt several sectors of the traditional economy," the Caisse said at the time.

Cryptocurrency companies on Monday blocked users from withdrawing funds as the value of bitcoin and other prominent digital assets plunged.

See All We invite you to join the discussion on Facebook and Twitter. Red-hot inflation and subsequent interest rate hikes from the Federal Reserve have driven investors away from risky assets like cryptocurrencies.

Platform suspends withdrawals, leading to panic online as coins like Ether and Dogecoin also take a tumble.

“We are taking this necessary action for the benefit of our entire community in order to stabilise liquidity and operations while we take steps to preserve and protect assets. Celsius has valuable assets and we are working diligently to meet our obligations. “Due to extreme market conditions, today we are announcing that Celsius is pausing all withdrawals, swap, and transfers between accounts.

Transfers also 'paused' between Celsius accounts as value of digital asset market slips below $1tn.

Celsius also offers customers higher returns if they accept their interest payments in the project’s own crypto token, CEL, which was trading at $7 last year and has fallen to less than $0.20. “Due to extreme market conditions, today we are announcing that Celsius is pausing all withdrawals, swap, and transfers between accounts,” the platform said. That can be useful if, for instance, a bitcoin millionaire needs some hard cash to buy a house but does not want to liquidate their bitcoin holdings because they are gambling the coin will go up again. Celsius’s website tells customers they can “borrow like a billionaire”. It has $11.8bn in assets, down from more than $24bn in December last year. Celsius said in a blogpost it was “pausing” all withdrawals and transfers between accounts for its 1.7 million customers. Meanwhile Binance, the cryptocurrency exchange, announced on Monday that it had “temporarily paused” bitcoin withdrawals owing to a “stuck on-chain transaction”.

La plateforme dans laquelle la Caisse de dépôt a misé plus d'une centaine de millions de dollars a annoncé qu'elle gelait les retraits.

Agir dans l'intérêt de notre communauté est notre priorité absolue. L’an dernier, la police israélienne a arrêté le chef de la direction financière de la firme de crypto controversée Celsius Network, qui venait d’obtenir un investissement de 400 M$ mené par la Caisse de dépôt et WestCap. La plateforme d’intérêts et de prêts basée sur les cryptomonnaies Celsius Network, dans laquelle la Caisse de dépôt a misé plus d’une centaine de millions de dollars, a annoncé hier qu’elle gelait temporairement les retraits.

La plateforme crypto Celsius connait des difficultés. Elle a annoncé bloquer tous les retraits et interrompre les opérations pendant un temps.

Des analystes auraient également remarqué que des portefeuilles cryptos liés à Celsius seraient en train de bouger de grandes quantités de crypto-monnaies, transférant des fonds de Aave Market vers une autre plateforme. Des mouvements qui indiquent que les équipes de Celsius seraient en train de chercher une solution pour assurer leur solvabilité. Pour l’instant cependant, rien ne permet de confirmer que Celsius serait bien en situation d’insolvabilité. « À cause de conditions extrêmes, nous annonçons aujourd’hui que Celsius met en pause tous les retraits, échanges et transferts entre comptes ». L’annonce de Celsius, le 12 juin 2022, a pris tout le monde de court. Mais le blocage des retraits, ce lundi, alors que le cours du bitcoin continue de baisser, fait craindre un vent de panique. Le bitcoin est même descendu en dessous de 25 000 dollars, au plus bas depuis la fin de l’année 2020.

Le bas de laine des Québécois avait investi 150 M$ US dans Celsius Network en octobre 2021.

Celsius a été affectée par des conditions de marché très difficiles dans les dernières semaines, plus particulièrement par le fort volume de retraits des dépôts des clients. Le prix du bitcoin, la cryptomonnaie la plus populaire, avait chuté de près de 16 % en 24 heures, lundi matin. Les conditions actuelles du marché de la crypto indiquent que Celsius n’est probablement pas au bout de ses peines. Je suspecte que nous verrons la même chose avec Celsius parce que beaucoup de gens ont investi beaucoup d’argent qu’ils ne pouvaient pas se permettre de perdre, ajoute Mme Allen. Selon les statistiques de l’entreprise, l'entreprise a perdu près de 2 G$ US en dépôts de ses clients depuis un mois. Comme Radio-Canada le rapportait fin mai, Celsius avait été durement frappée par un effondrement des prix des cryptoactifs ayant eu lieu dans la semaine du 9 mai.