Celsius Doubles CEL Rewards for its Community

Celsius users are falling in love with our end-of-summer bonus rewards! Up until last week, the main utility of the CEL token enabled Celsius depositors to earn up to 30% more interest on their coins. As of now, Celsius also pays 3% interest on CEL tokens, effectively doubling the rewards for the CEL community and allowing HODLers to earnContinue reading “Celsius Doubles CEL Rewards for its Community”

Celsius Network Crosses 100 Active Institutional Accounts in First Half of 2019

LONDON–(BUSINESS WIRE)–Celsius Network, the industry-leading cryptocurrency platform, announces today that it has onboarded over 100 institutional clients. In order to use Celsius services, institutions must complete a rigorous KYC and AML application and evaluation process. Institutions represent the demand side of the Celsius marketplace with over 50,000 retail HODLers balancing out the supply side. The CelsiusContinue reading “Celsius Network Crosses 100 Active Institutional Accounts in First Half of 2019”

How Celsius Turned Its Crypto ICO Into a Billion-Dollar Lending Business

The initial coin offering (ICO) boom birthed its fair share of ghost ships. So far, it appears the lending startup Celsius certainly isn’t among them.The New York-based startup raised $50 million worth of crypto in May 2018 through an ICO, selling CEL tokens that borrowers could choose to earn as interest. Since then, according to CEO AlexContinue reading “How Celsius Turned Its Crypto ICO Into a Billion-Dollar Lending Business”

How to Earn 3% Compounded Interest on CEL Tokens

Celsius Network is thrilled to be introducing compounding interest — Celsius style! Beginning this fall, users will have an array of new CEL utility options built in your best interest.Celsius customers will have two options to utilize their CEL tokens: earn 3% per annum interest paid on a weekly basis on your total CEL balanceContinue reading “How to Earn 3% Compounded Interest on CEL Tokens”

Crypto lending firm Celsius saw over 2,000% growth in deposits, but concerns surround where deposits go

Cryptocurrency lending firm Celsius Network has seen 2,165% growth in deposits since it opened its business last year, but there are concerns surrounding how interest is generated from these depositsCelsius states that it lends to hedge funds, institutional traders, and exchanges to earn interest, however, the firm does not make clear that it also lendsContinue reading “Crypto lending firm Celsius saw over 2,000% growth in deposits, but concerns surround where deposits go”

Crypto Lenders Have Earned Just 2% on $4.7 Billion in Loans: Report

A lot of loans have been made in crypto, but lenders have not reaped a lot of profit.That’s the big takeaway from a new report by Graychain, a startup looking to bring credit assessment to the crypto space.The startup released its first report on the collateralized crypto lending industry Thursday, estimating that $4.7 billion has beenContinue reading “Crypto Lenders Have Earned Just 2% on $4.7 Billion in Loans: Report”

Celsius Is Becoming The Face Of Crypto Lending With $2.2 Billion In Loans & $300 Million In Deposits

If you are familiar with the crypto lending industry, then a mere mention of Celsius Network ought to automatically ring a bell in your mind. The platform is hitting the headlines, having amassed a whopping $300 million in cryptocurrency deposits over the last 12 months.Celsius Network allows BTC and other Altcoin holders to either deposit their coins inContinue reading “Celsius Is Becoming The Face Of Crypto Lending With $2.2 Billion In Loans & $300 Million In Deposits”

Celsius Network Now Offers Low Cost Loans in Euros and Stablecoins to Users in Spain

LONDON – the industry-leading cryptocurrency platform, announces today that it started offering cash and stablecoin loans to users in Spain. Starting at just 4.95% per year, these loans represent the lowest cost available anywhere with the option to borrow in euros, dollars, or stablecoins. Read more By Blonde 2.0 for Celsius – August 6th 2019

Alex Mashinsky on killing the banks with cryptocurrency: Part 2

“It’s about just opening the doors and letting the light in,” Mashinsky says. “Now everyone says ‘oh, it’s daytime outside, why are we sitting in this shitty room and letting everyone steal our money from us?’”“We, me and my co-founder Daniel, worked on the idea and thought about it hard. How can we structure itContinue reading “Alex Mashinsky on killing the banks with cryptocurrency: Part 2”

Alex Mashinsky on killing the banks with cryptocurrency: Part 1

“We pay 7% to 10% interest. You can take your dollars or euros, you convert them into stablecoins like Paxos or USDC, deposit the coins in the Celsius app, I lend them out. I make 9% to 12%, I give you 80% of what I make back,” Alex Mashinsky explains. “I cannot do it with dollars. ForContinue reading “Alex Mashinsky on killing the banks with cryptocurrency: Part 1”