Celsius network ethereum 400m 3b

celsius network ethereum 400m 3b

For more information, please visit www.celsius.network.

About ChainalysisChainalysis is the blockchain analysis company. We provide data, software, services, and research to government agencies, exchanges, financial institutions, and insurance and cybersecurity companies in over 50 countries. Our data platform powers investigation, compliance, and risk management tools that have been used to solve some of the world’s most high-profile cyber criminal cases and grow consumer access to cryptocurrency safely. Backed by Addition, Accel, Benchmark, Ribbit and other leading names in venture capital, Chainalysis builds trust in blockchains to promote more financial freedom with less risk.

  • Over $400 million in the crypto market was liquidated in the past 24 hours.
  • Over $121 million bitcoin and $63 million ethereum was liquidated.
  • The positions could have been lost because of the impact of the EU proposal on unhosted wallets, which was recently passed.
  • The crypto market has seen a quick and large liquidation over the past 24 hours, with approximately $400 million getting wiped out. Nearly 118,000 traders lost their positions, with the single largest liquidation order happening on BitMEX valued at $4.95 million. The data was taken from Coinglass.

    Bitcoin unsurprisingly experienced the largest liquidation with over $121 million, or 2,700 BTC, lost.
    Ethereum followed with $63.58 million liquidated.

    Most of the liquidations were from long positions, which accounted for 83.14% of all liquidations.

    Celsius is committed to working constructively with regulators to better understand the dynamic crypto space, protect retail customers from fraud and undue risk, and create general consumer knowledge to allow for thoughtful investment decisions.”

    “Blockchain technology has the potential to disrupt several sectors of the traditional economy. As digital assets grow in adoption, we intend to capture the right opportunities, while working with our partners towards a regulated industry,” said Alexandre Synnett, Executive Vice-President and Chief Technology Officer at CDPQ. “Celsius is the world’s leading crypto lender with a strong management team that puts transparency and customer protection at the core of their operations.

    Celsius Network withdrew more than $400M in staked Ether from Aave on Tuesday as it continues to settle outstanding loans on DeFi protocols.

    The struggling crypto lender withdrew 400,000 of Lido’s staked ETH, or stETH, it had put up as collateral on a loan taken from the Aave protocol, worth $417M at the time.

    Minutes earlier, Celsius had paidbackanother 63M USDC in debt.

    Paying Back Loan

    The trades bring Celsius, which has at least $585M in on-chain assets at last count, close to paying back the loan in its entirety. Celsius now owes Aave 8M USDC, a far cry from the 300M it was estimated to owe the protocol June 10. Celsius has been scrambling to reduce its obligations and shore up its financial position as depositors wait to access their money.

    Attention will likely turn to the stETH.
    The token is an ETH derivative that has historically traded at par with ETH.

    The markets were experiencing a healthy rise upwards, with bitcoin crossing $47,000, but now the asset is back to just under $45,000.

    Liquidations also crept up yesterday, with over $100 million ETH liquidated in 24 hours. But today’s positions have been far more brutal, and analysts will undoubtedly dig into what is going on. Traders will not be happy with how things are going and will certainly be more careful going forward.

    And their caution will be well warranted, as there is a spate of news related to regulation that may do even more harm to their portfolios.

    The EU, U.S., and U.K. have all accelerated their regulation attempts, and 2022 is shaping up to be a monumental year in that regard.

    One of the most talked-about changes in recent times was the move to ban proof-of-work networks, which was rejected.

    Zerknijmy jak dziś prezentują się kursy kilku wybranych walut cyfrowych. Z pewnością zainteresuje Was co dzieję się na rynku kryptowalut. Specjalnie dla Was mamy przygotowane krótkie podsumowanie ważnych wiadomości powiązanych z tą właśnie tematyką.

    Sprawdzamy jak prezentują się kursy kryptowalut: TerraClassic USD, Celsius Network i Mina Protocol.Ranking brokerów Forex. Broker Forex – zobaczy, jakiego brokera wybrać w sierpniu 2022! Najlepszy broker Forex w zestawieniu FXMAG —Ranking kantorów internetowych. Kantory internetowe – zobacz jaki kantor internetowy wybrać w sierpniu 2022 – Najlepszy kantor internetowy w zestawieniu FXMAG —Ranking giełd kryptowalut.

    Zobaczmy jak zmieniały się kursy kilku wybranych kryptowalut. Być może zainteresuje Cię jakie wydarzenia miały miejsce na rynku kryptowalut. Specjalnie dla Was stworzyliśmy krótkie podsumowanie ostatnich zdarzeń związanych z tym tematem.

    Spójrzmy więc jak prezentują się notowania kryptowalut: TerraClassic USD, Mina Protocol oraz Celsius Network.Ranking brokerów Forex. Broker Forex – zobaczy, jakiego brokera wybrać w sierpniu 2022! Najlepszy broker Forex w zestawieniu FXMAG —Ranking kantorów internetowych. Kantory internetowe – zobacz jaki kantor internetowy wybrać w sierpniu 2022 – Najlepszy kantor internetowy w zestawieniu FXMAG —Ranking giełd kryptowalut.

    CDPQ and WestCap are eager to partner with them to share our expertise in the FinTech sector as they continue to expand their services.”

    About Celsius

    Celsius helps hundreds of thousands of consumers worldwide to find the path towards financial independence through a compounding yield service and instant low-cost loans accessible via a web and mobile app. Built on the belief that financial services should only do what is in the best interest of the customers and community, Celsius is a blockchain-based fee-free platform where membership provides access to curated financial services that are not available through traditional financial institutions. For additional information please visit www.celsius.network.

    About WestCap Group

    The WestCap Group is a growth equity firm founded by Laurence A.

    NEW YORK, Dec. 9, 2020 /PRNewswire/ — Celsius Network, the industry-leading cryptocurrency rewards-earning platform, today announced the completion of an audit confirming $3,318,368,196.40 of assets by Chainalysis, the blockchain analysis company. The conclusion of this audit, confirmed through Chainalysis Reactor, the investigative blockchain analysis tool, provides the first third-party verification to date of Celsius Network’s assets, based on transactions, total deposits and total withdrawals since launch of the service in June 2018.

    “The conclusion of our audit is a great step in building greater trust and transparency for our members and for the industry at large,” said Alex Mashinsky, CEO and founder of Celsius Network.

    It’s the credibility that comes with the people who wrote those cheques.”

    Celsius intends to use the funding to continue expanding its products and services, focusing especially on institutional-grade offerings. Part of the proceeds would be used to double its team size from 486 employees to nearly 1,000 and expand globally through fuel strategic acquisitions.

    The company reported that as of Oct. 8, its total assets passed $25 billion and were held by more than 1 million registered customers on the platform. Celsius has paid more than $850 million in interest to users through its Earn product in just over three years.

    Celsius is not alone in drawing regulatory attention with its products.

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