Celsius Set To Maintain Position, Will It Trade Its Bitcoin To Recoup Losses?
The Celsius Network has been experiencing a lot of issues, which has caused a lot of concern in the cryptocurrency market and prompted the network to take risks to maintain position. Celsius Stakes Some Wrapped Bitcoin According to Wu Blockchain, a Celsius-affiliated address has borrowed $278 million worth of DAI tokens in the maker protocol. […]
Crypto.com plans to lay off 5% of Corporate Staff
Crypto.com is making plans to lay off 5% of its corporate staff which accounts for about 260 individuals due to a decline in the crypto market. As the markets continue to decline, Crypto.com will lay off 260 individuals, or 5% of its corporate personnel , according to CEO Kris Marszalek in a tweet on Saturday. […]
Tether (USDT) Reassure Investors As Celsius (CEL) Experience Difficulties
After one of its many investments, Celsius experiences a crisis that causes it to devalue, Tether published a statement to assuage investor concerns. Crypto lending platform, Celsius is experiencing difficulties due to extreme market volatility, and its native token CEL has lost more than 50% of its value. Celsius pauses operations due to market volatility […]
Crypto Crash: Institutional Investors Sell Holdings As Fear Looms
After the crypto market crashed to its lowest, Institutional investors were forced to sell their crypto holdings as a result of the crisis. The crypto market cap has plunged to $961.83 billion, a loss of about $1.5 trillion since November. The outflow of digital asset investment products was $102 million last week, according to CoinShares’ […]
Crypto Crash: Binance Suspends Bitcoin Withdrawal
Binance, the world’s largest exchange, has temporarily halted Bitcoin withdrawals. Crypto’s Black Monday is still wreaking havoc. Binance CEO Changpeng Zhao said on Twitter that Bitcoin (BTC) withdrawals would be temporarily halted. CZ, who often lends his opinion to projects and the market, regularly tweets on behalf of Binance to his 6.4 million followers. He quickly updated […]