• Market Cap: $1,146,469,511,510.00
  • 24h Vol: $45,337,596,827.13
  • BTC Dominance: 44.73%
XBT.Market
Advertisement
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us
No Result
View All Result
XBT.Market
No Result
View All Result
Home Bitcoin

Celsius’ Unsuccessful Attempt to Stabilize Liquidity

Jon Hartney by Jon Hartney
July 2, 2022
in Bitcoin, Blockchain, Business, Market
0
Celsius’ Unsuccessful Attempt to Stabilize Liquidity
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

SEC chair Gensler offered to serve as an advisor to Binance in 2019: Lawyers claim

SEC chair Gensler offered to serve as an advisor to Binance in 2019: Lawyers claim

June 8, 2023
Intuit introduces proprietary large language models for fintech with GenOS

Intuit introduces proprietary large language models for fintech with GenOS

June 7, 2023


As a direct result of the recent poor performance of the cryptocurrency market, the Celsius Network is now dealing with liquidity concerns. The withdrawal option on Celsius was disabled a month ago, and the company has not yet reinstated it since the liquidity situation is not yet stable.

Buy Crypto Now

Your capital is at risk.

Celsius Puts Best Foot Forward

The Network is now trying to improve its liquidity and operations in order to resume the operations that were previously paused. This will allow the Network to resume the previously suspended duties.

The group made an announcement that throughout the difficult market conditions, they would be working with the community as well as its customers to get things back to normal. The company stated that it was actively working to maintain and safeguard the assets of its customers by taking the appropriate precautions.

In addition to this, it investigated every potential course of action to ensure that consumers are shielded from liquidity problems.

Restructuring liabilities is one of the two potential courses of action that the group is taking into consideration.

The group saw that investigating these possibilities required a lot of effort and time. Overall, the community needs to have confidence in its ability to collaborate with specialists from a variety of professions.

In the release, it was said that their relationship with the community and clients has been a source of pride for all team members and they will continue to share information with clients as and when they deem fit.

Celsius May File For Bankruptcy

Before it began experiencing liquidity concerns, Celsius was widely regarded as one of the most successful platforms for providing decentralized loans.

According to recent reports, the network has recruited the services of a management consulting firm to provide assistance to the corporation in the event that it declares bankruptcy.

According to a story published by the Wall Street Journal, Celsius has contracted the services of many restructuring consultants in order to assist the firm in determining whether or not to file for bankruptcy.

The report was found in another document that was submitted on June 14 and said that Celsius has hired attorneys to assist in reorganizing the firm in light of the company’s current financial challenges.

In spite of the problems, Celsius appears to be attracting the interest of potential investors. Nexo Finance made a bid to purchase Celsius’ assets, which included the business’s loan portfolio, not long after the company declared its intention to suspend withdrawals.

Visit FCA Regulated eToro Now

Your capital is at risk.

In addition, a recent rumour stated that Goldman Sachs, one of the largest financial organizations on Wall Street, intended to purchase the shares of the Network and planned to raise $2 billion from investors.

According to individuals with knowledge of the situation, the transaction will make it possible for investors to purchase Celsius assets at significant discounts in the event that the firm files for bankruptcy.

Read More:

  • These are the Best Bitcoin Alternatives
  • Complete Guide to Earning Passive Income with Crypto Staking

Lucky Block – Our Recommended Crypto of 2022

Our Rating

Lucky Block
  • New Crypto Games Platform
  • Featured in Forbes, Nasdaq.com, Yahoo Finance
  • LBLOCK Token Up 1000%+ From Presale
  • Listed on Pancakeswap, LBank
  • Free Tickets to Jackpot Prize Draws for Holders
  • Passive Income Rewards – Play to Earn Utility
  • 10,000 NFTs Minted in 2022 – Now on NFTLaunchpad.com
  • $1 Million NFT Jackpot in May 2022
  • Worldwide Decentralized Competitions

Lucky Block

Visit Site
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

Read Entire Article
Tags: CryptocurrencyinsidebitcoinsInvestmentMining Bitcoin
Share76Tweet47

Related Posts

SEC chair Gensler offered to serve as an advisor to Binance in 2019: Lawyers claim

SEC chair Gensler offered to serve as an advisor to Binance in 2019: Lawyers claim

by Jon Hartney
June 8, 2023
0

Years before serving as head of the SEC, Gary Gensler offered up his advisory services to Binance, the exchange's

Intuit introduces proprietary large language models for fintech with GenOS

Intuit introduces proprietary large language models for fintech with GenOS

by Jon Hartney
June 7, 2023
0

Intuit is launching an operating system for generative artificial intelligence that will feature AI models trained on

Circle is latest recipient of Major Payment Institution license in Singapore

Circle is latest recipient of Major Payment Institution license in Singapore

by Jon Hartney
June 7, 2023
0

The stablecoin issuer is the second crypto company to receive Singapore’s MPI license this month, following Cryptocom

Binance.US coins trade at premium amid litigation fears, fiat gateway issues

Binance.US coins trade at premium amid litigation fears, fiat gateway issues

by Jon Hartney
June 7, 2023
0

Stablecoins such as USDT and USDC were trading for 3 to 4% higher than par value at the time of...

Price analysis 6/7: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC

Price analysis 6/7: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC

by Jon Hartney
June 7, 2023
0

Bitcoin and most major altcoins are facing selling at higher levels, but there are no signs of panic selling at...

Load More
  • Trending
  • Comments
  • Latest
NEXO risks 50% drop due to regulatory pressure and investor concerns

NEXO risks 50% drop due to regulatory pressure and investor concerns

September 30, 2022
51% of Ethereum blocks are now compliant with OFAC standards, raising censorship concerns

51% of Ethereum blocks are now compliant with OFAC standards, raising censorship concerns

October 14, 2022
All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

July 7, 2022
Zero-knowledge KYC could solve the privacy vs compliance conundrum: VC partner

Zero-knowledge KYC could solve the privacy vs compliance conundrum: VC partner

October 11, 2022
All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

0
Crypto owners banned from working on US Government crypto policies

Crypto owners banned from working on US Government crypto policies

0
Korean startup Uprise lost $20M shorting LUNC

Korean startup Uprise lost $20M shorting LUNC

0
Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

0
SEC chair Gensler offered to serve as an advisor to Binance in 2019: Lawyers claim

SEC chair Gensler offered to serve as an advisor to Binance in 2019: Lawyers claim

June 8, 2023
Intuit introduces proprietary large language models for fintech with GenOS

Intuit introduces proprietary large language models for fintech with GenOS

June 7, 2023
Circle is latest recipient of Major Payment Institution license in Singapore

Circle is latest recipient of Major Payment Institution license in Singapore

June 7, 2023
Binance.US coins trade at premium amid litigation fears, fiat gateway issues

Binance.US coins trade at premium amid litigation fears, fiat gateway issues

June 7, 2023

XBT.Market

This website is an automated news feed powered by the Nebulome cloud system. The site is made possible by YYC TECH Consulting and Alberta Digital Mining Company. As a team with major crypto and bitcoin enthusiasm, we have curated major sources of news, trading and financial data to bring you, our viewer, an unbiased source of truth.

Recent Posts

  • SEC chair Gensler offered to serve as an advisor to Binance in 2019: Lawyers claim June 8, 2023
  • Intuit introduces proprietary large language models for fintech with GenOS June 7, 2023
  • Circle is latest recipient of Major Payment Institution license in Singapore June 7, 2023
  • Binance.US coins trade at premium amid litigation fears, fiat gateway issues June 7, 2023
  • Price analysis 6/7: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC June 7, 2023

News Categories

  • Bitcoin
  • Blockchain
  • Business
  • Market

Tags

bitcoinMagzine Cointelegraph Cryptocurrency insidebitcoins Investment Mining Bitcoin NewsBTC

Quicklinks

  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market - Powered by YYC Tech Consulting & ADMCO.

No Result
View All Result
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market by Nebulome.

  • bitcoinBitcoin(BTC)$26,439.00-2.30%
  • ethereumEthereum(ETH)$1,838.66-2.17%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.000.03%
  • binancecoinBNB(BNB)$261.86-6.21%
  • usd-coinUSD Coin(USDC)$1.000.02%
  • rippleXRP(XRP)$0.52-1.28%
  • staked-etherLido Staked Ether(STETH)$1,836.85-2.24%
  • cardanoCardano(ADA)$0.322330-7.26%
  • dogecoinDogecoin(DOGE)$0.067748-2.67%
  • solanaSolana(SOL)$18.80-7.09%
  • matic-networkPolygon(MATIC)$0.77-5.42%
  • tronTRON(TRX)$0.076610-2.49%
  • litecoinLitecoin(LTC)$89.18-0.79%
  • polkadotPolkadot(DOT)$5.04-2.28%
  • binance-usdBinance USD(BUSD)$1.000.05%
  • avalanche-2Avalanche(AVAX)$14.04-3.49%
  • shiba-inuShiba Inu(SHIB)$0.000008-2.42%
  • daiDai(DAI)$1.00-0.03%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$26,456.00-2.50%
  • uniswapUniswap(UNI)$4.57-3.73%
  • leo-tokenLEO Token(LEO)$3.510.17%
  • chainlinkChainlink(LINK)$5.96-3.88%
  • cosmosCosmos Hub(ATOM)$9.46-5.97%
  • okbOKB(OKB)$44.73-1.04%
  • moneroMonero(XMR)$144.87-1.36%
  • Aerarium FiAerarium Fi(AERA)$7.14-13.11%
  • ToncoinToncoin(TON)$1.64-1.43%
  • ethereum-classicEthereum Classic(ETC)$16.97-2.67%
  • stellarStellar(XLM)$0.087397-2.18%
  • bitcoin-cashBitcoin Cash(BCH)$111.50-2.61%
  • true-usdTrueUSD(TUSD)$1.000.01%
  • lido-daoLido DAO(LDO)$2.30-2.52%
  • internet-computerInternet Computer(ICP)$4.20-3.82%
  • filecoinFilecoin(FIL)$4.15-4.63%
  • quant-networkQuant(QNT)$111.53-3.54%
  • AptosAptos(APT)$7.75-4.45%
  • crypto-com-chainCronos(CRO)$0.058865-1.14%
  • hedera-hashgraphHedera(HBAR)$0.048422-2.21%
  • ArbitrumArbitrum(ARB)$1.13-3.95%
  • GGTKNGGTKN(GGTKN)$0.1121180.75%
  • nearNEAR Protocol(NEAR)$1.41-6.76%
  • vechainVeChain(VET)$0.017677-4.95%
  • apecoinApeCoin(APE)$2.90-4.76%
  • the-graphThe Graph(GRT)$0.112640-4.27%
  • paxos-standardPax Dollar(USDP)$1.000.20%
  • fraxFrax(FRAX)$1.000.21%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • eosEOS(EOS)$0.880.01%
  • blockstackStacks(STX)$0.685.66%
  • rocket-poolRocket Pool(RPL)$47.39-2.98%
  • the-sandboxThe Sandbox(SAND)$0.491096-6.07%
  • algorandAlgorand(ALGO)$0.125404-7.49%
  • elrond-erd-2MultiversX(EGLD)$35.00-3.82%
  • optimismOptimism(OP)$1.38-6.31%
  • Rocket Pool ETHRocket Pool ETH(RETH)$1,973.13-2.14%
  • aaveAave(AAVE)$59.09-3.88%
  • fantomFantom(FTM)$0.291279-3.33%
  • render-tokenRender(RNDR)$2.21-7.48%
  • tezosTezos(XTZ)$0.85-2.80%
  • decentralandDecentraland(MANA)$0.419015-7.88%
  • theta-tokenTheta Network(THETA)$0.76-4.35%
  • usddUSDD(USDD)$1.000.01%
  • axie-infinityAxie Infinity(AXS)$6.26-6.62%
  • radixRadix(XRD)$0.068509-2.75%
  • BitDAOBitDAO(BIT)$0.480226-3.02%
  • WhiteBIT TokenWhiteBIT Token(WBT)$4.820.02%
  • immutable-xImmutableX(IMX)$0.69-5.91%
  • havvenSynthetix Network(SNX)$2.12-6.74%
  • Bitget TokenBitget Token(BGB)$0.4778190.17%
  • kucoin-sharesKuCoin(KCS)$6.78-4.47%
  • flowFlow(FLOW)$0.63-5.18%
  • neoNEO(NEO)$9.01-5.46%
  • galaGALA(GALA)$0.026059-4.37%
  • CloutContractsCloutContracts(CCS)$52.461,000.00%
  • curve-dao-tokenCurve DAO(CRV)$0.76-4.18%
  • bitcoin-cash-svBitcoin SV(BSV)$30.30-2.51%
  • gemini-dollarGemini Dollar(GUSD)$1.000.11%
  • gatechain-tokenGate(GT)$4.09-2.98%
  • makerMaker(MKR)$624.24-2.79%
  • terra-lunaTerra Luna Classic(LUNC)$0.000094-1.91%
  • injective-protocolInjective(INJ)$6.84-5.52%
  • kavaKava(KAVA)$0.96-13.61%
  • klay-tokenKlaytn(KLAY)$0.167561-7.49%
  • compound-ethercETH(CETH)$36.94-2.39%
  • marumaruNFTmarumaruNFT(MARU)$0.24991121.40%
  • iotaIOTA(MIOTA)$0.180509-1.42%
  • bittorrentBitTorrent(BTT)$0.000001-2.04%
  • Tokenize XchangeTokenize Xchange(TKX)$6.25-1.73%
  • pax-goldPAX Gold(PAXG)$1,923.76-0.60%
  • casper-networkCasper Network(CSPR)$0.044045-0.94%
  • conflux-tokenConflux(CFX)$0.231006-3.18%
  • tether-goldTether Gold(XAUT)$1,946.55-0.76%
  • xdce-crowd-saleXDC Network(XDC)$0.0343232.16%
  • huobi-tokenHuobi(HT)$2.85-1.35%
  • chilizChiliz(CHZ)$0.086347-7.79%
  • binaryxBinaryX(BNX)$165.90-5.97%
  • PepePepe(PEPE)$0.000001-7.82%
  • Halo CoinHalo Coin(HALO)$0.057345-0.05%
  • gmxGMX(GMX)$50.93-4.18%