fbpx
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA
Wednesday, October 4, 2023
Online Crypto College
CREATE FREE ACCOUNT
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • DipSnyper Bot
No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • DipSnyper Bot
No Result
View All Result
Online Crypto College
No Result
View All Result

Crypto firm Celsius pauses all transfers, withdrawals as markets tumble

June 13, 2022
in Regulation
Reading Time: 4 mins read
A A
Crypto firm Celsius pauses all transfers, withdrawals as markets tumble
ShareShareShareShareShare

A representations of cryptocurrencies in this illustration taken, January 24, 2022. REUTERS/Dado Ruvic/Illustration

Register now for FREE unlimited access to Reuters.com

June 13 (Reuters) – Cryptocurrency lending firm Celsius Network will pause withdrawals and transfers between accounts due to “extreme market conditions”, the company said on Monday, in the latest sign of pressure in the crypto industry.

Bitcoin extended earlier declines after Celsius’s announcement, falling more than 6% to as low as $24,888, an 18-month low. Ether , the world’s second-largest cryptocurrency, dropped more than 8% to $1,303, its lowest since March 2021.

“We are taking this necessary action … in order to stabilize liquidity and operations while we take steps to preserve and protect assets,” the company said in a blog post.

Register now for FREE unlimited access to Reuters.com

“Furthermore, customers will continue to accrue rewards during the pause in line with our commitment to our customers.”

Celsius Network, which raised $750 million in funding late last year, is a significant player in crypto lending. It offers interest-bearing products to customers who deposit their cryptocurrencies with the company, and lends out crypto currencies to earn a return.

Related articles

FTX-SBF charges valid despite lack of US crypto laws, DOJ says – Cointelegraph

FTX-SBF charges valid despite lack of US crypto laws, DOJ says – Cointelegraph

October 4, 2023
Bitcoin Price Prediction: BTC Rises 4% Despite US Wallet Ban & O … – Cryptonews

Bitcoin Price Prediction: BTC Rises 4% Despite US Wallet Ban & O … – Cryptonews

October 4, 2023

As of May 17, the company had processed $8.2 billion worth of loans and had $11.8 billion in assets, according to its website.

It said in August last year that it had more than $20 billion in assets.

While crypto lending has become increasingly big business, the sector has come under regulatory scrutiny, particularly in the U.S. read more

Crypto markets have been under pressure in recent months, falling alongside other so-called risk assets as interest rates have risen around the world.

Price falls have also both been caused by and contributed to the collapse of some crypto projects. Most notable was the fall of stablecoin TerraUSD, which last month broke its dollar peg and collapsed in value, rocking the crypto industry. read more

Register now for FREE unlimited access to Reuters.com

Reporting by Abinaya Vijayaraghavan in Bengaluru and Alun John in Hong Kong; Editing by Bradley Perrett

Our Standards: The Thomson Reuters Trust Principles.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Billionaire Stan Druckenmiller Prefers Bitcoin Over Gold in ‘Inflationary Bull Market’ – Markets and Prices Bitcoin News

Next Post

Bitcoin Investment in Pension Portfolio Diversifies Inflation Risk: First Digital Trust CEO

Related Posts

FTX-SBF charges valid despite lack of US crypto laws, DOJ says – Cointelegraph

FTX-SBF charges valid despite lack of US crypto laws, DOJ says – Cointelegraph

October 4, 2023

FTX-SBF charges valid despite lack of US crypto laws, DOJ says  Cointelegraph Credit: Source link

Bitcoin Price Prediction: BTC Rises 4% Despite US Wallet Ban & O … – Cryptonews

Bitcoin Price Prediction: BTC Rises 4% Despite US Wallet Ban & O … – Cryptonews

October 4, 2023

Bitcoin Price Prediction: BTC Rises 4% Despite US Wallet Ban & O ...  Cryptonews Credit: Source link

Binance announces major changes to BUSD services amid … – Cryptopolitan

Binance announces major changes to BUSD services amid … – Cryptopolitan

October 4, 2023

Binance announces major changes to BUSD services amid ...  Cryptopolitan Credit: Source link

REGULATION | South African Crypto Exchange, VALR, Makes … – bitcoinke.io

REGULATION | South African Crypto Exchange, VALR, Makes … – bitcoinke.io

October 4, 2023

REGULATION | South African Crypto Exchange, VALR, Makes ...  bitcoinke.io Credit: Source link

Ripple obtains full license to operate in Singapore as it expands in Asia-Pacific – CNBC

Ripple obtains full license to operate in Singapore as it expands in Asia-Pacific – CNBC

October 4, 2023

Ripple obtains full license to operate in Singapore as it expands in Asia-Pacific  CNBC Credit: Source link

Load More
Next Post
Bitcoin Investment in Pension Portfolio Diversifies Inflation Risk: First Digital Trust CEO

Bitcoin Investment in Pension Portfolio Diversifies Inflation Risk: First Digital Trust CEO

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Chainalysis Idling 150 Employees As Chill Of Crypto Winter Persists – Forbes

Chainalysis Idling 150 Employees As Chill Of Crypto Winter Persists – Forbes

October 3, 2023
Helen Boyd of the FCA Talks About the UK's Regulatory Approach to … – CryptoGlobe

Helen Boyd of the FCA Talks About the UK's Regulatory Approach to … – CryptoGlobe

October 3, 2023
Gemini confirms it withdrew $282M from Genesis to boost liquidity reserves in 2022

Gemini confirms it withdrew $282M from Genesis to boost liquidity reserves in 2022

September 29, 2023
Does the public understand the risks with banks?

Does the public understand the risks with banks?

October 1, 2023
Prosecutors say plea deal was never considered for Sam Bankman-Fried

Prosecutors say plea deal was never considered for Sam Bankman-Fried

October 3, 2023

About Us

We provide the latest crypto news, trading tools, and up-to-date education to students and traders all over the world.

ENROLL FOR FREE

Latest Crypto Headlines

  • Ethereum futures ETFs on CME begin with light trading volumes
  • FTX-SBF charges valid despite lack of US crypto laws, DOJ says – Cointelegraph
  • Coinbase CLO Responds to SEC’s Opposition
  • Experts Foresee Bitcoin ($BTC) at $30K Next Month; Whales Dive into Filecoin ($FIL) and InQubeta ($QUBE)
  • Ripple’s XRP price jumps 5% fuelled by Singapore licensing acquisition amidst crypto market downturn
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • DipSnyper Bot
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 - OnlineCryptoCollege.com - All rights reserved!

No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • DipSnyper Bot

© 2018 JNews by Jegtheme.

  • bitcoinBitcoin(BTC)$27,537.00-0.31%
  • ethereumEthereum(ETH)$1,646.40-0.72%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.000.02%
  • binancecoinBNB(BNB)$212.40-1.26%
  • rippleXRP(XRP)$0.545.07%
  • usd-coinUSDC(USDC)$1.000.02%
  • staked-etherLido Staked Ether(STETH)$1,646.43-0.74%
  • solanaSolana(SOL)$23.54-2.62%
  • cardanoCardano(ADA)$0.256767-1.97%
  • dogecoinDogecoin(DOGE)$0.061089-1.34%
  • tronTRON(TRX)$0.0888421.04%
  • ToncoinToncoin(TON)$2.01-2.49%
  • Wrapped stETHWrapped stETH(WSTETH)$1,864.220.34%
  • matic-networkPolygon(MATIC)$0.583.09%
  • polkadotPolkadot(DOT)$4.04-2.61%
  • litecoinLitecoin(LTC)$64.49-2.15%
  • bitcoin-cashBitcoin Cash(BCH)$230.32-4.55%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$27,508.00-0.34%
  • shiba-inuShiba Inu(SHIB)$0.000007-0.82%
  • chainlinkChainlink(LINK)$7.55-0.35%
  • daiDai(DAI)$1.00-0.06%
  • avalanche-2Avalanche(AVAX)$9.733.77%
  • leo-tokenLEO Token(LEO)$3.71-0.36%
  • true-usdTrueUSD(TUSD)$1.000.02%
  • uniswapUniswap(UNI)$4.32-3.71%
  • stellarStellar(XLM)$0.1128111.24%
  • moneroMonero(XMR)$148.661.86%
  • okbOKB(OKB)$43.180.08%
  • Aerarium FiAerarium Fi(AERA)$7.15-13.10%
  • binance-usdBUSD(BUSD)$1.000.07%
  • ethereum-classicEthereum Classic(ETC)$15.58-4.35%
  • BSCEXBSCEX(BSCX)$237.310.49%
  • cosmosCosmos Hub(ATOM)$7.01-2.80%
  • hedera-hashgraphHedera(HBAR)$0.048571-3.32%
  • filecoinFilecoin(FIL)$3.30-0.90%
  • GGTKNGGTKN(GGTKN)$0.1121310.76%
  • internet-computerInternet Computer(ICP)$3.192.28%
  • lido-daoLido DAO(LDO)$1.601.29%
  • crypto-com-chainCronos(CRO)$0.050183-0.85%
  • MantleMantle(MNT)$0.406458-1.35%
  • makerMaker(MKR)$1,424.66-2.14%
  • quant-networkQuant(QNT)$88.09-0.71%
  • AptosAptos(APT)$5.29-2.00%
  • vechainVeChain(VET)$0.016645-2.96%
  • optimismOptimism(OP)$1.31-3.73%
  • ArbitrumArbitrum(ARB)$0.88-4.21%
  • nearNEAR Protocol(NEAR)$1.09-2.43%
  • KaspaKaspa(KAS)$0.050278-1.18%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%