Popular cryptocurrency lender Celsius Network has reportedly raised $400 million from investors despite growing regulatory concerns. As reported by the Financial Times, the latest funding round was led by WestCap, the fund set up by former Airbnb and Blackstone executive Laurence Tosi, and Caisse de dépôt et placement du Québec (CDPQ), Canada’s second-largest pension fund.
Coinbase Inc., one of the leading crypto exchanges in the US recently revealed that the Securities and Exchange Commission has threatened it with a lawsuit over an unreleased stablecoin lending service, which according to SEC qualifies as a security. The exchange claimed SEC had offered no clarity on what makes these lending products security despite
Blockchain-powered Celsius and BnkToTheFuture announced a partnership for an equity offering for its investors. Through the online investment platform, Celsius aims to “disrupt the Banking standard of financial services.” Celsius is a wallet, that allows retail and institutional depositors to download the wallet from the app. According to the press release, the partnership will open
In a recent update, Celsius Network has announced its collaboration with Tether (USDT). The latter boasts of a market cap worth $4 billion. Users Can Earn Upto 12% interest The collaboration will allow users to easily deposit USDT in their Celsius wallet and also earn up to 12% annual interest. Moreover, the interest will be
In a recent tweet, Alex Mashinsky, the founder of Celsius Network claimed that the Celsius Network was bigger than”ALL DeFi put together”. The comment wasn’t received too well by crypto Twitter who criticised Mashinsky for his “shallow move” and told him that his claim was wrong. Celsius Network Bigger Than DeFi Claims Alex Mashinsky Celsius
There are fantastic crypto lending sites that allow you to make a coin through interest earned on loans. Alternatively, if you require cash or crypto assets to trade with, these sites also can lend you a low-interest rate collateralized crypto loan to get you going. These lending platforms have quickly become a fresh way for