Celsius Network, which touted itself as the “world’s leading crypto earning and lending platform,” is freezing all withdrawals and transfers between its 1.7 million customers, as digital assets and tokens have sunk to their lowest levels in years.
“We are taking this necessary action for the benefit of our entire community in order to stabilize liquidity and operations while we take steps to preserve and protect assets,” Celsius said. “Our ultimate objective is stabilizing liquidity and restoring withdrawals, Swap, and transfers between accounts as quickly as possible.”
The Caisse’s investment, in partnership with equity firm WestCap, placed a total value of US$3-billion for Celsius, which was founded in 2017. Other investors for Celsius include Tether International, an issuer for tether, the most prominent stablecoin cryptocurrency pegged to and backed by the U.S. dollar.
Crypto is taking a shit kicking. Any advice PierrePoilievre ?
Lmfao
I'm so pleased! Putin, drug dealers, terrorists, AntiVaxxerTerrorists are the most affected! pierrepoilievre, the CPC_HQ I'm talking about you, too!
Tell me again about how dumb that out-of-context, trimmed Trudeau quote about the budget balancing itself was. And I'll remind you how galactically stupid 'crypto is a hedge against inflation' was. Maybe watching more YouTube videos will help.
CDPQ put $400 million into them. Say bye bye to that money
Think there is loose link in the block,Coder needed
But….but…. It’s inflation proof!! That’s what pp said
Proof that this crypto bs is not a safe option at all.
globebusiness This is what happens when people have no idea of what the technology can do. Shame really