PYMNTS-MonitorEdge-May-2024

Celsius

Today in Crypto: Three Arrows Capital Defaults on $670M Loan; Crypto Lending Returns Tank
Today in Crypto: Three Arrows Capital Defaults on $670M Loan; Crypto Lending Returns Tank
June 27, 2022  |  Cryptocurrency

With crypto melting down, short sellers have been adding more bets against Tether, the world’s biggest stablecoin, The Wall Street Journal reported Monday (June 27)....

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Crypto Companies Seeking Saviors Find Wolves in Sheep’s Clothing Instead
Crypto Companies Seeking Saviors Find Wolves in Sheep’s Clothing Instead
June 27, 2022  |  Cryptocurrency

Vulture investors appear to be circling damaged crypto lenders and investments, with news breaking over the weekend that firms ranging from cryptocurrency exchange FTX to...

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Report: Goldman Sachs Seeks $2B to Buy Celsius Assets
Report: Goldman Sachs Seeks $2B to Buy Celsius Assets
June 26, 2022  |  Cryptocurrency

Goldman Sachs is trying to raise $2 billion toward buying the assets of Celsius Network, a distressed crypto lender struggling amid the turmoil in the...

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Celsius Hires Restructuring Experts Ahead of Possible Bankruptcy
Celsius Hires Restructuring Experts Ahead of Possible Bankruptcy
June 24, 2022  |  Cryptocurrency

Embattled cryptocurrency lender Celsius Network has hired restructuring consultants as it prepares for a possible bankruptcy. That’s according to a Friday (June 24) Wall Street...

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Today in Data: Looming ‘Crypto Winter’ Leads to Flurry of Activity
Today in Data: Looming ‘Crypto Winter’ Leads to Flurry of Activity
June 22, 2022  |  Today In Data

Today in data, cryptocurrency firms are scaling back their marketing efforts as a potential so-called “crypto winter” looms, while cryptocurrency lender Babel Finance is reaching...

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Today in Crypto: Binance.US Hopes to Raise Another $50M; Crypto Donors Doubled-Down on Funding in US Politics Through May
Today in Crypto: Binance.US Hopes to Raise Another $50M; Crypto Donors Doubled-Down on Funding in...
June 21, 2022  |  Cryptocurrency

Crypto exchange FTX announced Tuesday (June 21) that it’s buying Embed Financial Technologies, which will give it Embed’s white-label brokerage services and application programming interfaces...

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Crypto Lender Babel Announces Debt Relief
Crypto Lender Babel Announces Debt Relief
June 21, 2022  |  Cryptocurrency

Four days after freezing withdrawals, cryptocurrency lender Babel Finance announced Monday (June 20) on its website that it had “reached preliminary agreements on the repayment...

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Long-Haul Holders of Crypto Are Starting to Sell
Long-Haul Holders of Crypto Are Starting to Sell
June 19, 2022  |  Cryptocurrency

The crumbling of the crypto market has seen even the most ardent supporters seeming to start to exit, Bloomberg wrote. This comes as short-term speculators...

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Collapse of Crypto Lending Platform Celsius Points to Bigger Problems
Collapse of Crypto Lending Platform Celsius Points to Bigger Problems
June 17, 2022  |  Cryptocurrency

On June 13, a month after a stablecoin’s collapse sent the crypto market into a dive, crypto lender Celsius — known for offering investors up...

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