The Celsius Network is lowering its minimum loan request to $1,000 and will introduce interest paid out in gold.
Celsius founder and CEO Alex Mashinsky told Cointelegraph that they had previously lowered the minimum to $1,500 from $3,000, and now they decided to lower it again to $1,000 to “let users borrow smaller amounts without having to sell their crypto”. However, borrowers still need to post the collateral that is twice the loan amount.
Saga Monetary Technologies, which claims to provide Facebook’s Libra-like stablecoin, has listed its token SGA on crypto lending platform Celsius Network.
Through this arrangement, holders of the SGA coin can earn up to 9.9% interest per annum, Saga announced on Monday. They will also be able to borrow cash or stablecoins against their SGA “at rates as low as 3.45% and use their assets as collateral.”
We generate interest by working through partnerships with market-leading institutional lending providers including New York-based Celsius Network. Celsius Network generates yield by lending out Bitcoin and other digital assets to carefully vetted borrowers.
Today, March 30, Celsius Network (CEL) begins using Chainlink’s (LINK) price data feed oracles while offering treasury management services to the oracle platform.
The CEO and founder of Celsius, Alex Mashinsky, told Cointelegraph about the rationale behind the partnership:
“Celsius wants to be more transparent and more decentralized and that is the main driver for partnering with Chainlink.”
The industry-leading cryptocurrency interest income platform, announces Camilla Churcher as its new Head of Business Development. Camilla has vast experience in traditional financial services as an industry expert in sales, strategic partnerships, and revenue growth.
“I am thrilled at the opportunity to join the Celsius team,” said Camilla Churcher. “Celsius has been an incredible company to watch grow and become a leader in the space. For me, being able to transition from traditional finance to a community-centric product like Celsius is very rewarding. Providing these services, at this level, to the everyday consumer is a revolutionary idea.”
Celsius Network – Mar 26th 2020
The Celsius Network is the first major cryptocurrency lending platform that is profitable, according to its CEO and founder Alex Mashinsky.
Cointelegraph interviewed Mashinsky to learn more about this achievement, how the latest market downturn has affected its business and his outlook on the industry.
According to Mashinsky, the company was profitable in 2019 on a net income basis and in 2020 on a free cash flow basis. In March, Celsius Network is expected to post record revenues of over $2 million.
CoinTelegraph – Mar 18th 2020
Celsius Network – the industry-leading cryptocurrency borrowing and lending platform, announces today its partnership with Prime Trust, the innovative API-enabled financial solution provider.
Celsius Network will be adding Prime Trust to its list of custodians and service providers.
Through this partnership, Celsius is able to offer its retail and institutional clients custodial services from several top global providers and offer its members the fastest and lowest rates in the industry for crypto-backed credit and coin loans.
Celsius Network – Mar 10th 2020
United Kingdom-based cryptocurrency lending startup Celsius Network has launched in-app crypto purchases via a new partnership with Simplex, according to a Feb. 18 announcement
Simplex, a popular fiat-to-crypto payments provider servicing major crypto exchanges like Binance, will now unlock direct crypto purchases for Celsius app users.
CoinTelegraph – Feb 18th 2020
On the eve of the upcoming year of 2020, U.Today reviewed best opportunities to lend and borrow crypto tokens. Definitions, tips, highlights, rankings – in our text.
U.Today – Feb 1th 2020
Cryptocurrency lending and borrowing platform Celsius announced that it would be implementing compounding interest on cryptocurrencies deposited in its wallet, starting Feb. 1. The announcement came with a number of other updates in a Twitter AMA (ask me anything) with founder Alex Mashinsky on Jan. 22.
CoinTelegraph – Jan 24th 2020
If you’re a CEL holder, you’re automatically enrolled in the Celsius Network Loyalty Program! Your loyalty level is based on the ratio of CEL tokens to other coins held in your wallet, and if 5% or more of your wallet balance is in CEL, you’re eligible for even greater Celsius rewards!
Beginning February 1, 2020, we’ll be implementing some exciting updates to the loyalty program, so keep reading to find out how you can take advantage of as a loyal Celsius Network customer.
Celsius Network – Jan. 20th, 2020
Celsius Network has announced a partnership with Korbit to manage a portion of their treasury, a first for the organization. This is the first stage of an ongoing partnership between the two companies.
Sejin Oh, CEO of Korbit, says “this partnership will enable us to deliver what the Korean crypto community has been longing for – a stable income-generating opportunity off crypto assets, provided by a reliable and trustworthy exchange. This will also help increase wider crypto adoption in Korea, which is one of our goals in 2020.”
BraveNewCoin – Jan. 16th, 2020
Celsius Network will be integrated into the COTI network, enabling consumers and merchants to easily earn interest and access loans directly on the COTI platform!
COTI – Jan. 10th, 2020
Imagine a service that always acts in your best interest. A service that actually works as hard for you as you do for your money without charging any fees or penalties whatsoever. A service that actually puts its users ahead of its shareholders. Imagine a service that’s fully transparent enabling any and every participant to see in real-time HOW MANY people use the network, HOW MUCH is being contributed, WHAT it is used for, IF it’s doing what it promised, and IF it’s acting in your best interest.
Celsius Network – Jan, 6 2020
CelPay is an in-app payment feature that allows users to transfer crypto faster and easier than ever before. It is completely FEE-FREE and requires no addresses or private keys. It’s a one-touch utility that enables users access to major digital currencies all in one place.
Celsius Network – Dec 30 2019
With the HODLdays upon us and the year coming to a close, it’s time to take a step back to reflect the incredible year we’ve had at Celsius Network! From token utilities to badass ambassadors, here are some of the things we’re CEL-ebrating as we head into the New Year!
Celsius Network – Dec 20 2019
This post is part of CoinDesk’s 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Alex Mashinsky, a veteran entrepreneur and technologist, is CEO of Celsius Network, an ethereum-based lending platform.
CoinDesk – Dec 15 2019
Speaking at ELEV8CON in Las Vegas on Dec. 10, founder and CEO of Celsius Network Alex Mashinsky said that there is a war brewing between centralized and decentralized networks.
“The centralization of the Internet by companies such as Facebook and Google has created a distorted reality where fake news and blatant lies get the same treatment as documented truths,” said Mashinsky.
CoinTelegraph – Dec, 12, 2019
“Given our diverse set of services, the engineering and operations team required a solution that could be customized to fit all of our use cases, and Fireblocks was able to deliver that for us,” said CTO of Celsius CTO Nuke Goldstein.
TheBlockCrypto – Nov, 19, 2019
Celsius Network, the industry-leading cryptocurrency platform, announces it has surpassed $4.25 billion in loan origination, as well as $450 million in deposits and over $5 million in interest income for its depositors. These new numbers reflect the company’s growth as the largest and fastest growing crypto lending platform.
Celsius Network – November 12th 2019