Celsius


Finance

Bitcoin Mining Rig Prices Slump to Near 2-Year Lows Amid Celsius Bankruptcy

Celsius’ mining unit is said to have auctioned off some of its newly purchased mining rigs at fire-sale prices back in June, before filing for bankruptcy.

El bear market afectó los precios de minería de bitcoin. (Marko Ahtisaari/Flickr)

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Iris Energy Exec: Celsius CEO 'Gaslighting' Network Community

Iris Energy Board of Directors Mike Alfred discusses the red flags he spotted with Celsius before its implosion and reacts to CEO Alex Mashinsky's statement on the crypto lender's bankruptcy filing to the Celsius community, saying "it's gaslighting."

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Markets

No, Mt. Gox Payouts Aren’t Going to Torpedo Bitcoin's Price

Mostly because honey badgers don’t care. Also, logistics.

(Mass Communication Specialist 2nd Class Derek J. Hurder/Wikimedia Commons)

Finance

Celsius Acknowledges $1.2B Hole in Balance Sheet

The news comes after the ailing crypto lender filed for bankruptcy protection Wednesday.

Celsius CEO Alex Mashinsky at Consensus 2019 (CoinDesk archives)

Layer 2

Celsius Network 'Could Stick Around' After Bankruptcy, Restructuring Expert Says

Ryan Preston Dahl joined CoinDesk TV’s “First Mover” to discuss the crypto lender's filing.

Ryan Preston Dahl, a partner at Ropes & Gray, joined CoinDesk TV’s “First Mover” to discuss Celsius Network's bankruptcy filing. (CoinDesk TV, modified)

Videos

Celsius CEO: Bankruptcy Filing Is 'The Right Decision'

Celsius co-founder and CEO Alex Mashinsky responds to the crypto lender filing for bankruptcy protection, noting in a press release that it's the "right decision for our community and company.” "The Hash" panel discusses his statement and the future of the company.

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Markets

Analysts See Recovery for CEL Token Despite Celsius Bankruptcy

CEL was down more than 10% in the past 24 hours, but some see a “fresh start” for the token.

Will there be a "fresh start" for Celsius's token? (Unsplash, modified by CoinDesk)

Videos

Bitcoin Snaps 5-Day Losing Streak; More Hawkish Fed Policy Ahead?

Wave Financial Managing Director Nauman Sheikh discusses his crypto markets outlook as investors react to hotter-than-expected inflation data signaling more aggressive Federal Reserve monetary policy tightening. Plus, his take on the implosion of crypto lender Celsius.

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Videos

Celsius Files for Bankruptcy; Crypto Unfazed by US inflation

Celsius files for bankruptcy after paying off hundreds of millions of dollars of loans. Bitcoin bounces back after U.S. CPI hits 41-year high. MATIC skyrockets as Polygon joins Disney accelerator. Bitcoin hashrate slumps to lowest in over five months amid over 100 degree weather in Texas. Questions over Circle’s USDC reserves linger despite reassurances. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

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