After numerous extensions, Celsius’s equity crowdfunding raise has attracted 1,000 investors and more than $20 million. Blockchain-based lending platform Celsius (CEL) Network has raised $20.17 million from more than 1,000 investors with one day to go in its recently extended crowdfunding offering. The most recent extension occurred long after passing the $17 million ‘target’, which […]
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As private investors withhold seed funding from blockchain enterprises, venture capital firms armed with public funds are filling the void. Securing seed money for blockchain startups is a tricky business in normal times, but with a pandemic raging, it’s really touch-and-go. Private investors have been walking away from startup deals lately, looking to conserve working […]
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Nomics wants to provide an algorithmic ranking for every cryptocurrency product category from wallets to crypto media outlets. Cryptocurrency data startup Nomics, in partnership with Nexo, is introducing algorithmic rankings of crypto wallets, lenders, custodians, tax services and over-the-counter desks. The plan is to eventually extend these rankings to every crypto product category, including media […]
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As PayPal is rumored to join the crypto game, what will it mean for the industry and the price of Bitcoin and Ether? Earlier this month, global payments giant PayPal was rumored to be considering listing crypto assets on its platform, which is estimated to have around 325 million active accounts worldwide. The company is […]
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Alex Mashinksy says that new equity investors, including Tether, will have no say in Celsius’ mission of sharing 80% of profit with its users. Tether (USDT) makes a $10 million equity investment in the crypto lending platform Celsius Network (CEL) at a $120 million pre-money valuation, bringing the post-money valuation to $150 million. The company […]
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The popular DeFi app Celsius Network has publicly launched a $15 million equity offering, selling out over two-thirds of its target in less than six hours. Pioneering decentralized finance (DeFi) application Celsius Network has launched an equity offering through Bnktothefuture. As of this writing, the campaign has raised over $10.7 million of the $15 million […]
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Rune Christensen and Alex Mashinsky will debate the merits of DeFi and CeFi. In the clash of ideas between centralized and decentralized finance, is one better than the other, or do they both need each other? The latest months of global quarantine have been nothing less than a renaissance for online events across spheres. This […]
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Decentralized finance platform Celsius Network has crossed $1 billion in total cryptocurrency deposits. Decentralized lending and borrowing platform Celsius Network has crossed $1 billion in total cryptocurrency deposits since its launch in 2018. The platform claims that it returns 80% of its total revenue to its users and has so far paid $17 million as […]
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Celsius users can now purchase Tether Gold via credit and debit cards with a minimum purchase amount of $50. Celsius Network is expanding its partnership with fiat-to-crypto payments provider, Simplex, by enabling its users to buy more crypto with credit and debit cards. Celsius, a major crypto lending startup, now allows its users to purchase […]
Continue ReadingDeFi entrepreneur Alex Mashinsky has slammed crypto’s culture and community for short-term profiteering. In an interview with Cointelegraph, Alex Mashinsky, the founder of the decentralized finance app Celsius Network, took aim at the crypto community for becoming fixated on short-term profiteering and failing to drive mass adoption. Mashinsky urged the community to capitalize on the […]
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