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.
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 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.”
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.
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.
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!
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.
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.
“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.
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.
This one-way relationship isn’t working anymore. Every interaction has become difficult (and costly). There’s no trust, and you’ve betrayed me too many times. Most importantly, we don’t share the same vision for the future…
Much has changed since 2009, the year that Bitcoin first hit the scene and started a revolution. For 2020, the pieces are beginning to fall into place for what could be an important year in the future of digital assets and cryptocurrency. Here are our top 5 predictions for crypto in 2020.
Celsius founder and CEO Alex Mashinsky shares his experience as an immigrant in America working to fulfill his own American Dream.
I came to the United States in 1989. I craved the “American Dream.” I read about our inalienable right to the “pursuit of happiness” in the Declaration of Independence. The choice to move was a no-brainer…
The Celsius app is living its best life with tons of new and improved features now available in our latest update! From new coins to enhanced automation, the app that’s built in your best interest just got a whole lot more… interesting 😉
NEW YORK–(BUSINESS WIRE)–Voyager Digital LLC, a subsidiary of publicly-traded Voyager Digital (Canada) Ltd (Ticker VYGR.CN), an industry-leading best execution crypto asset broker, today announced a partnership with Celsius Network, in which Celsius will manage a portion of Voyager’s digital assets.
LONDON, Oct. 4, 2019 /PRNewswire/ —Celsius Network, the industry-leading cryptocurrency platform, announces today the listing of its CEL token on HitBTC Exchange, one of the most advanced crypto exchanges on the market today providing a variety of robust crypto trading options.
Celsius Network, the leading cryptocurrency saving, lending and borrowing platform, is upending the banking industry with their revolutionary business model for cryptocurrencies. The company addresses global financial needs by providing high interest income and low cost lending through the Celsius Wallet mobile app. The company was built on the belief that financial services should only do what is in the best interests of its community. Celsius provides high yield interest bearing accounts and low interest rate loans, curated financial services that are not available through traditional financial institutions. .