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June warmest on record; every month since July 2023 breached 1.5 deg C threshold

According to scientists at C3S, every month since June last year has been the warmest such month…

PTI   


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Celsius CEO says one of the scariest times for the energy drink brand was getting 'pink slipped' by Costco

Celsius has had a rocky road on its way to becoming the third-largest energy drink brand on the mar…

Dominick Reuter   


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Explained: Five things to know about US-based crypto lender Celsius’s crash

Crypto lender Celsius filed for bankruptcy protection under Chapter 11 on Thursday.

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Bankrupt crypto lender Celsius owes users $4.7 billion, court document reveals

Celsius Networks, a US-based crypto lender, which filed for bankruptcy protection on July 14, owes…

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A former employee at bankrupt crypto-lender Celsius has sued the company, calling it a 'Ponzi scheme'

Jason Stone, the CEO of a firm that Celsius acquired, says the cryptocurrency lender failed to hedg…

Katie Canales   


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1 min read

Crypto lender Celsius Network pauses all withdrawals, transfers due to 'extreme' market conditions

The decision led to a nearly 55 per cent crash in the price of its digital token 'CELL' to as lo…

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1 min read

Celsius is weighing a crypto bankruptcy token to pay back creditors in reorganization

Celsius is considering a plan to issue a new cryptocurrency to repay creditors as part of a bankrup…

Brian Evans   


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Celsius cofounder accused of defrauding investors in New York attorney general's lawsuit

The suit seeks to ban Mashinsky from conducting any future business in New York State as well as fo…

Brian Evans   


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2 mins read

Coinbase soars 20% as the exchange says it has no exposure to bankrupt firms struggling through crypto winter

"We believe these market participants were caught up in the frenzy of a crypto bull market and forg…

Jennifer Sor   


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Crypto lender Celsius is betting on its mining operation to help it reorganize as creditors and customers look to recoup $5 billion from the firm

"In a world where the crypto market rebounds, the mining business has the potential to be quite val…

Jennifer Sor   


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George Glover   


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Failed crypto lender Celsius says it's filing for bankruptcy

"This is the right decision for our community and company," Celsius's chief executive and co-founde…

George Glover   


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Crypto lender Celsius is 'deeply insolvent' and does not have the ability to meet obligations to creditors or account holders, state regulator warns

Regulators warned that Celsius does not have the money to meet its obligations, adding that company…

Jennifer Sor   


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5 mins read

Locked out of the Vauld: How the cryptocurrency exchange’s vaulting success unravelled

The year 2022 started well for Vauld, a Singapore-domiciled cryptocurrency exchange. It had raised …

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3 mins read

Crypto lender Vauld has frozen withdrawals, and hedge fund Three Arrows Capital has filed for bankruptcy. Here are the crypto firms hit by the sell-off.

The crash in crypto prices is spurring a liquidity crisis among lenders and exchanges. Here are the…

George Glover   


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1 min read

Cryptocurrency lending platform Celsius lays off a quarter of its workforce

The platform last month paused all withdrawals citing "extreme market conditions". According …