Celsius

Crypto’s frozen mystery: The fate of billions in Celsius deposits

Crypto’s frozen mystery: The fate of billions in Celsius deposits

Business / By

Placeholder while article actions load In 2018, Alex Mashinsky held a dinner at an upscale restaurant in New York. The entrepreneur’s goal was to attract “whales” — crypto-speak for large-scale currency holders who can move markets — to invest in a nascent entity he’d created called Celsius Network. The Ukraine-born, Israel-raised businessman spoke charmingly and …

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This Week on Crypto Twitter: Kraken CEO on Company Culture, Plus Reactions to Celsius, 3AC, TRON - Decrypt

This Week on Crypto Twitter: Kraken CEO on Company Culture, Plus Reactions to Celsius, 3AC, TRON – Decrypt

Business / By

Illustration by Mitchell Preffer for Decrypt This week was easily the industry’s worst of 2022: Prices crashed across the board, with every leading project sinking by double-digit percentages over seven days.  Market leaders Bitcoin and Ethereum hit lows not seen since 2020 as crypto’s total market cap briefly bottomed out near $845 billion, more than …

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Crypto Biz: Crypto carnage pushes Celsius, Three Arrows Capital closer to insolvency, June 9-16

Crypto Biz: Crypto carnage pushes Celsius, Three Arrows Capital closer to insolvency, June 9-16

Business / By

The 2022 version of crypto winter has been unlike anything we’ve seen before. As I warned last month, the meltdown of the Terra ecosystem didn’t end with Luna Classic (LUNC) hitting zero. The biggest threat was contagion. As the dust began to settle, we finally got a glimpse of who was left holding the bag. …

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