Celsius Network hires advisors to prepare for potential bankruptcy, says WSJ report

Celsius Network hires advisors to prepare for potential bankruptcy, says WSJ report

Celsius’ decisions after freezing transfers and withdrawals could impact the crypto sector as a whole Celsius’ decisions after freezing transfers and withdrawals could impact the crypto sector as a whole Celsius Network LLC has hired restructuring consultants from advisory firm Alvarez & Marsal to advise on a possible bankruptcy filing, the Wall Street Journal reported […]

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Crypto investors’ hot streak ends as harsh ‘winter’ descends

Crypto investors’ hot streak ends as harsh ‘winter’ descends

The wealth-generating hot streak for bitcoin and other cryptocurrencies has turned brutally cold The wealth-generating hot streak for bitcoin and other cryptocurrencies has turned brutally cold The wealth-generating hot streak for Bitcoin and other cryptocurrencies has turned brutally cold. As prices plunge, companies collapse, and skepticism soars, fortunes and jobs are disappearing overnight, and investors’ […]

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Bitcoin falls to fresh 18-month low as crypto meltdown deepens

Bitcoin falls to fresh 18-month low as crypto meltdown deepens

Bitcoin tumbled on Wednesday to a new 18-month low, dragging smaller tokens down with it and deepening a market meltdown sparked by crypto lender Celsius this week freezing customer withdrawals. The world’s largest cryptocurrency fell as much as 7.8% to $20,289, its lowest since December 2020. It has lost around 28% since Friday and more […]

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