Nexo plans to acquire Celsius’ remaining assets
Nexo, a cryptocurrency loan company, has made an acquisition approach to Celsius, one of its competitors. Celsius has previously suspended its services owing to harsh market conditions. Nexo stated that the company has a strong cash and equity position despite the price drop. It is proposing to buy any of Celsius’s remaining eligible assets. It […]
Celsius halts crypto interest for non-accredited U.S. investors
Celsius has announced that non-accredited U.S. users will no longer be able to use Celsius Earn, and starting Apr. 15, only accredited investors will be able to earn yield on their crypto assets. Celsius, a prominent crypto lending site, is limiting customers’ ability to earn interest on their crypto holdings . Only authorized investors will […]
Kentucky regulators order crypto lender Celsius to stop offering accounts in the state
Kentucky’s securities regulator has ordered big crypto lender Celsius Network to stop issuing interest-bearing accounts in the state on Thursday, the state now joins three other states that took similar action last week. The Kentucky Department of Financial Institutions issued the emergency order after finding that Celsius offered customers unregistered securities in violation of state […]
Celsius CEO says he expects Bitcoin to get to $160,000 this year
Alex Mashinsky, the CEO of Celsius Network who had earlier predicted $30,000 for Bitcoin has also stated that he expects the digital currency to reach $160,00 before the year ends. Despite the fact that the price of Bitcoin (BTC) is still hovering around $30,000, industry analysts believe the long-term outlook is favorable. To put this […]